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Online IIA-CIA-Part3 free questions and answers of New Version:
NEW QUESTION 1
Which of the following would most likely be found in an organization that uses a decentralized organizational structured?
- A. There is a higher reliance on organizational culture
- B. There are clear expectations set for employees
- C. There are electronic monitoring techniques employed
- D. There is a defined code for employee behavior
Answer: B
NEW QUESTION 2
Which of the following is a characteristic of using a hierarchical control structure?
- A. Less use of policies and procedures
- B. Less organizational commitment by employees
- C. Less emphasis on extrinsic rewards
- D. Less employees turnover
Answer: B
NEW QUESTION 3
Which of the following is a systems software control?
- A. Restricting server room access to specific individuals
- B. Housing servers with sensitive software away from environmental hazards.
- C. Ensuring that ail user requirements are documented.
- D. Performing of intrusion testing on a regular basis
Answer: A
NEW QUESTION 4
According to the waterfall cycle approach to systems development, which of the following sequence of events is correct?
- A. Program design, system requirements, software design, analysis, coding, testing, operations.
- B. System requirements, software design, analysis, program design, testing, coding, operations.
- C. System requirements, software design, analysis, program design, coding, testing, operations.
- D. System requirements, analysis, coding, software design, program design, testing, operations.
Answer: C
NEW QUESTION 5
Which of the following would not impair the objectivity of internal auditor?
- A. Management assurance on risks.
- B. Implementing risk responses on behalf of management.
- C. Providing assurance that risks assessed are correctly evaluated.
- D. Setting the risk appetite.
Answer: C
NEW QUESTION 6
A retail organization is considering acquiring a composite textile company. The retailer's due diligence team determined the value of the textile company to be $50 million. The financial experts forecasted net present value of future cash flows to be $60 million. Experts at the textile company determined their company's market value to be $55 million if purchased by another entity. However, the textile company could earn more than $70 million from the retail organization due to synergies. Therefore, the textile company is motivated to make the negotiation successful. Which of the following approaches is most likely to result in a successful negotiation?
- A. Develop a bargaining zone that lies between $50 million and $70 million and create sets of outcomes between $50 million and $70 million.
- B. Adopt an added-value negotiating strategy, develop a bargaining zone between $50 million and $70 million, and create sets of outcomes between $50 million and $70 million.
- C. Involve a mediator as a neutral party who can work with the textile company's management to determine a bargaining zone.
- D. Develop a bargaining zone that lies between $55 million and $60 million and create sets of outcomes between $55 million and $60 million.
Answer: D
NEW QUESTION 7
Which of the following is a key component of an organization's cybersecunty governance?
- A. Administrators monitoring the use, assignment and configuration of privileges on the network.
- B. The IT department establishing^ implementing, and actively managing security configurations.
- C. Management identifying and classifying the types of critical data in the organization's system
- D. Senior management of the organization setting the cybersecurity policy
Answer: D
NEW QUESTION 8
Which of the following is a logical access control designed to enhance the security ot a computer-based application system?
- A. User accounts will be locked alter three unsuccessful attempts to access the system
- B. Users will not be allowed to use any of their last five passwords to access the system
- C. Users will be assigned rights to access the system based on their job responsibilities
- D. Users will automatically lose access to the system after 15 minutes of inactivity
Answer: B
NEW QUESTION 9
Which of the following options correctly defines a transmission control protocol/Internet protocol (TCP/IP)?
- A. System software that acts as an interface between a user and a computer.
- B. A standardized set of guidelines that facilitates communication between computers on different networks.
- C. System software that translates hypertext markup language to allow users to view a remote webpage.
- D. A network of servers used to control a variety of mission-critical operations.
Answer: B
NEW QUESTION 10
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?
- A. The process is not sustained and is not optimized as planned.
- B. There is a lack of alignment to organizational strategies.
- C. The operational quality is less than projected.
- D. There is increased potential for loss of assets.
Answer: D
NEW QUESTION 11
In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?
- A. Identifying the processes at the activity level.
- B. Analyzing the organization's strategic plan where the business processes are defined.
- C. Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
- D. Identifying the risks affecting the organization, the objectives, and then the processes concerned.
Answer: C
NEW QUESTION 12
Which of me following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?
- A. First-in first-out method (FIFO)
- B. Last-in first-out method (LIFO)
- C. Specific identification method
- D. Average-cost method
Answer: A
NEW QUESTION 13
Which of the following statements about COBIT is not true?
- A. COBIT helps management understand and manage the risks associated with information technology (IT) processes.
- B. Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.
- C. COBIT control objectives are specific to various IT platforms and help determine minimum controls.
- D. COBIT provides management with the capability to conduct self-assessments against industry best practices.
Answer: C
NEW QUESTION 14
According to IIA guidance, which of the following would be the best first step to manage risk when a third party is overseeing the organization's network and data?
- A. Creating a comprehensive reporting system for vendors to demonstrate their ongoing due diligence in network operations
- B. Drafting a strong contract that requires regular vendor control reports and a right-to-audit clause.
- C. Applying administrative privileges to ensure right-to-access controls are appropriate
- D. Creating a standing cybersecurity committee to identify and manage risks related to data security
Answer: B
NEW QUESTION 15
Which of the following statements about market signaling is correct?
* 1. The organization releases information about a new product generation.
* 2. The organization limits a challenger's access to the best source of raw materials or labor.
* 3. The organization announces that it is fighting a new process technology.
* 4. The organization makes exclusive arrangements with the channels.
- A. 1 and 3 only
- B. 1 and 4 only
- C. 2 and 3 only
- D. 2 and 4 only
Answer: A
NEW QUESTION 16
According to IIA guidance, which of the following statements is true regarding analytical procedures?
- A. Data relationships are assumed to exist and to continue where no known conflicting conditions exist.
- B. Analytical procedures are intended primarily to ensure the accuracy of the information being examined.
- C. Data relationships cannot include comparisons between operational and statistical data
- D. Analytical procedures can be used to identify unexpected differences but cannot be used to identify the absence of differences
Answer: A
NEW QUESTION 17
Refer to the exhibit.
Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:
- A. $100
- B. $200
- C. $300
- D. $500
Answer: A
NEW QUESTION 18
An organization has recorded the following profit and expenses: Profit before interest and tax
$200,000
Sales
$2,300,000
Purchases of materials
$700,000
Interest expenses
$30,000
If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?
- A. $34,000
- B. $51,000
- C. $60,000
- D. $320,000
Answer: D
NEW QUESTION 19
Which of the following is the best reason for considering the acquisition of a nondomestic organization?
- A. Relatively fast market entry.
- B. Improved cash flow of the acquiring organization.
- C. Increased diversity of corporate culture.
- D. Opportunity to influence local government policy.
Answer: A
NEW QUESTION 20
During an audit of the organization's annual financial statements, the internal auditor notes that the current cost of goods sold percentage is substantially higher than in prior years. Which of the following is the most likely explanation for this increase?
- A. Cost of raw material inventory items is decreasing.
- B. Process to manufacture goods is more efficient.
- C. Labor productivity to produce goods is increasing.
- D. Write-off of inventory is increasing.
Answer: A
NEW QUESTION 21
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