IIA-CIA-Part3-3P IIA CIA Exam Part Three: Business Knowledge for Internal Auditing exact Exam Questions

CIA Exam Part Three: Business Knowledge for Internal Auditing

Last Update 16 hours ago Total Questions : 488

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Question # 111

What is the most significant potential problem introduced by just-in-time inventory systems?

They require significant computer resources.

They are susceptible to supply-chain disruptions.

They require complicated materials-supply contracts.

They prevent manufacturers from scaling up or down to meet changing demands.

Question # 112

Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization ' s cybersecurity policies?

Assigning new roles and responsibilities for senior IT management.

Growing use of bring your own devices tor organizational matters

Expansion of operations into new markets with united IT access

Hiring new personnel within the IT department tor security purposes

Question # 113

Which of the following analytical techniques would an internal auditor use to verify that none of an organization ' s employees are receiving fraudulent invoice payments?

Perform gap testing.

Join different data sources.

Perform duplicate testing.

Calculate statistical parameters.

Question # 114

Which of the following is the most effective control to prevent unauthorized entrance of a former employee of the organization?

Revoking the former employee ' s biometrics from the entrance systems

Installing security guards who have undergone a background check at all entrances.

Installing multiple high-powered surveillance cameras throughout the organization

Keeping doors locked and accessible with a key that is provided only to employees

Question # 115

An organization allows employees to use mobile devices for business purposes.

Which of the following could cause decreased employee productivity in case of data loss?

Malware resulting in data leakage.

Exposure of sensitive data.

Lack of data encryption.

Lack of data back up.

Question # 116

An organization has instituted a bring-your-own-device (BYOD) work environment Which of the following policies best addresses the increased risk to the organization ' s network incurred by this environment?

Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data.

Ensure that relevant access to key applications is strictly controlled through an approval and review process

Institute detection and authentication controls for all devices used for network connectivity and data storage

Use management software to scan and then prompt patch reminders when devices connect to the network

Question # 117

Which of the following assumptions regarding cost-volume-profit analysis is true?

Costs are affected by changes in activity only.

The behavior of costs and revenues is inverse.

When more than one type of product is sold, the sales mix changes.

Only variable costs have to be classified accurately.

Question # 118

In accounting, which of the following statements is true regarding the terms debit and credit?

Debit indicates the right side of an account and credit the left side.

Debit means an increase in an account and credit means a decrease.

Credit indicates the right side of an account and debit the left side.

Credit means an increase in an account and debit means a decrease.

Question # 119

Which of the following security controls would provide the most efficient and effective authentication for customers to access their online shopping account?

12-digit password feature.

Security question feature.

Voice recognition feature.

Two-level sign-on feature.

Question # 120

An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500. Which of the following statements is true regarding this transaction?

The capital accounts of the partners should be increased by the original cost of the contributed equipment.

The capital accounts should be increased using a weighted average based on the current percentage of ownership

No action is needed as the capital account of each partner was increased by the correct amount

The capital accounts of the partners should be increased by the fair market value of their contribution