2024 New IIA-CIA-Part3-3P Dumps - Real IIA Exam Questions
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NEW QUESTION # 80
Which of the following situations best applies to an organization that uses a project rather man a process to accomplish its business activities?
- A. A manufacturing organization acquires component parts from a contracted vendor
- B. A city department sets up a new firefighter training program.
- C. A clothing company designs makes and sells a new item.
- D. A commercial constructor company is hired to build a warehouse.
Answer: D
NEW QUESTION # 81
Which of the following financial instruments should be recorded at fair market value on the financial statements?
- A. Bonds to be held to maturity.
- B. Notes receivable in the short term
- C. Accounts receivable in the short term
- D. Bonds to be held for sale in the short term.
Answer: D
NEW QUESTION # 82
Which of the following accounting methods is an investor organization likely to use when buying 40 percent of the stock of another organization?
- A. Consolidation method
- B. Cost method
- C. Fair value method
- D. Equity method
Answer: D
NEW QUESTION # 83
Which of the following actions is most likely to gain support for process change?
- A. Establish key competencies.
- B. Engage the various communities of practice within the organization.
- C. Demonstrate support from senior management.
- D. Set clear objectives.
Answer: B
NEW QUESTION # 84
Which of the following would be a risk in the development of end-user computing (EUC) applications, compared to traditional information systems?
- A. Management might place the same degree of reliance in reports produced by EUC applications as it does in reports produced under traditional systems development procedures.
- B. Management may not be able to make quick and accurate decisions due to a diminished capacity to respond to managerial requests for computerized information
- C. Since development time is typically longer for EUC applications, management may not be able to respond quickly to competitive pressures
- D. The organization may incur higher application development and maintenance costs for EUC systems.
Answer: A
NEW QUESTION # 85
An organization's network administrator received an email that appeared to come from the organization's external IT service provider requesting his credentials to perform an update of a server operating system If the IT service provider did not send the email, which of the following best describes the likely purpose of the email?
- A. An attempt at penetration testing
- B. An attempt to launch malware
- C. An attempt at phishing.
- D. An attempt to patch the server
Answer: C
NEW QUESTION # 86
Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization's cybersecurity policies?
- A. Hiring new personnel within the IT department tor security purposes
- B. Growing use of bring your own devices tor organizational matters
- C. Assigning new roles and responsibilities for senior IT management.
- D. Expansion of operations into new markets with united IT access
Answer: A
NEW QUESTION # 87
The first step in determining product price is:
- A. Evaluating prices set by the competitors.
- B. Developing pricing objectives.
- C. Determining the cost of the product.
- D. Selecting a pricing method.
Answer: B
NEW QUESTION # 88
Which of the following cost of capital methods identifies the time period required to recover the cost of the capital investment from the annual inflow produced?
- A. Annual rate of return technique.
- B. Cash payback technique.
- C. Net present value method.
- D. Internal rate of return method.
Answer: B
NEW QUESTION # 89
In which type of business environment are price cutting strategies and franchising strategies most appropriate?
- A. Fragmented, decline.
- B. Embryonic, focused.
- C. Competitive, embryonic.
- D. Mature, fragmented.
Answer: D
NEW QUESTION # 90
The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:
- A. Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
- B. Eliminate the need for an allowance for doubtful accounts.
- C. Use a method that approximates the matching principle.
- D. Use an aging schedule to more closely estimate uncollectible accounts.
Answer: C
NEW QUESTION # 91
While auditing an organization's customer call center, an internal auditor notices that key performance indicators show a positive trend, despite the fact that there have been increasing customer complaints over the same period.
Which of the following audit recommendations would most likely correct the cause of this inconsistency?
- A. Retrain call center staff on area processes and common technical issues that they will likely be asked to resolve.
- B. Review the call center script used by customer service agents to interact with callers, and update the script if necessary.
- C. Increase the incentive for call center employees to complete calls quickly and raise the number of calls completed daily.
- D. De-emphasize the importance of call center employees completing a certain number of calls per hour.
Answer: A
NEW QUESTION # 92
Which of the following controls would be the most effective in preventing the disclosure of an organization's confidential electronic information?
- A. Non-disclosure agreements between the firm and its employees
- B. Limited access to information based on employee duties
- C. Logs of user activity within the information system
- D. Two-factor authentication for access into the information system
Answer: A
NEW QUESTION # 93
Which of the following descriptions of the internal control system are indicators that risks are managed effectively?
1) Existing controls promote compliance with applicable laws and regulations.
2) The control environment is designed to address all identified risks to the organization.
3) Key controls for significant risks to the organization remain consistent over time.
4) Monitoring systems are in place to alert management to unexpected events.
- A. 2 and 3.
- B. 1 and 3.
- C. 1 and 4.
- D. 2 and 4.
Answer: C
NEW QUESTION # 94
In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?
- A. An increase in the cost of capital.
- B. A tougher collections policy that reduces the bad debt loss ratio.
- C. A higher cost per unit sold.
- D. A longer average collection period.
Answer: B
NEW QUESTION # 95
In the years after the mind-service point of a depreciable asset which of the following depreciation methods will result in the highest depreciation expense?
- A. Straight line
- B. Sum of the years' digits
- C. Double-declining balance
- D. Declining balance
Answer: B
NEW QUESTION # 96
Which of me following responsibilities would ordinary fall under the help desk function of an organization?
- A. Physical hosting of mainframes and distributed servers
- B. Management of infrastructure services including network management
- C. End-to-end security architecture design
- D. Maintenance service items such as production support
Answer: A
NEW QUESTION # 97
While reviewing the contracts for a large city, the internal auditor learns that the organization contracted to perform trash collection is paid based on the number of bins emptied each week as a result, the city has minimal control over payments Which of the following actions should the auditor recommend to give the city greater control over payments?
- A. Assign a city employee to verify the number of bins emptied each day
- B. Require that the contractor provide supervisory review of the number of bins emptied each day
- C. Renegotiate a lump-sum contract when the contract is up for renewal
- D. Change the contract so payment is based on the distances traveled by the contractor during collection.
Answer: C
NEW QUESTION # 98
An organization engages in questionable financial reporting practices due to pressure to meet unrealistic performance targets. Which internal control component is most negatively affected?
- A. Monitoring.
- B. Control activities.
- C. Risk assessment.
- D. Control environment.
Answer: D
NEW QUESTION # 99
While conducting audit procedures at the organization's data center, an internal auditor noticed the following:
Backup media was located on data center shelves.
Backup media was organized by date.
Backup schedule was one week in duration.
The system administrator was able to present restore logs.
Which of the following is reasonable for the internal auditor to conclude?
- A. Backup procedures are adequate and appropriate according to best practices.
- B. Backup media is not properly stored, as the storage facility should be off-site.
- C. Backup schedule is not sufficient, as full backup should be conducted daily.
- D. Backup media is not properly indexed, as backup media should be indexed by system, not date.
Answer: C
NEW QUESTION # 100
When using data analytics during a review of the procurement process, what is the first step in the analysis process?
- A. Define questions to be answered
- B. Identify data sources available
- C. Identify data anomalies and outliers
- D. Determine the scope of the data extract.
Answer: B
NEW QUESTION # 101
When is an organic organizational structure likely to be more successful than a mechanistic organizational structure?
- A. When an organization is infrequently affected by technological advances
- B. When a manufacturer has reliable resources and suppliers
- C. When a manufacturing organization has stable demand for its products.
- D. When an organization is subjected to strong political and social pressures
Answer: A
NEW QUESTION # 102
According to MA guidance on IT. which of the following best describes a logical access control?
- A. Require complex passwords to be established and changed quarterly
- B. Monitor access to the data center with closed circuit camera surveillance.
- C. Maintain current role definitions to ensure appropriate segregation of duties
- D. Require swipe cards to control entry into secure data centers
Answer: C
NEW QUESTION # 103
Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?
- A. The cash dividends received increase the investee investment account accordingly.
- B. The investee must record the cash dividends as dividend revenue.
- C. The investment account is adjusted downward by the percentage of ownership.
- D. The investee must adjust the investment account by the ownership interest.
Answer: B
NEW QUESTION # 104
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