IIA CIA IIA-CIA-Part3-3P Dumps Full Questions with Free PDF Questions to Pass
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NEW QUESTION 30
Which of the following is an example of a phishing attack?
- A. An organization's website has been hacked. The hacker added political content that is not consistent with the organization's views.
- B. An employee receives an email that appears to be from the organization's bank, though it is not. The employee replies to the email and sends the requested confidential information.
- C. An organization's communication systems have been intercepted. A communication session is controlled by an unauthorized third party.
- D. An organization's systems have been compromised by malicious software. The software locks the organization's operating system until d ransom is paid.
Answer: B
NEW QUESTION 31
Which of the following statements is true regarding outsourced business processes?
- A. The key controls of outsourced business processes typically are more difficult to audit because they are designed and managed externally.
- B. The system of internal controls may be better and more efficient when the business process is outsourced compared to internally sourced.
- C. Generally, independence is improved when the internal audit activity reviews outsourced business processes.
- D. Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.
Answer: B
NEW QUESTION 32
When is an organic organizational structure likely to be more successful than a mechanistic organizational structure?
- A. When a manufacturer has reliable resources and suppliers
- B. When an organization is infrequently affected by technological advances
- C. When an organization is subjected to strong political and social pressures
- D. When a manufacturing organization has stable demand for its products.
Answer: B
NEW QUESTION 33
Which of the following types of budgets will best provide the basis for evaluating the organization's performance?
- A. Cash budget.
- B. Budgeted income statement.
- C. Selling and administrative expense budget.
- D. Budgeted balance sheet.
Answer: D
NEW QUESTION 34
All of the following are true with regard to the first-in, first-out inventory valuation method except:
- A. It generates the highest profit when prices are rising.
- B. It approximates the physical flow of goods.
- C. It minimizes current-period income taxes.
- D. It values inventory close to current replacement cost.
Answer: C
NEW QUESTION 35
Senior management is trying to decide whether to use the direct write-off or allowance method for recording bad debt on accounts receivables.
Which of the following would be the best argument for using the direct write-off method?
- A. It is the preferred method according to The IIA.
- B. It is useful when losses are considered insignificant.
- C. It states receivables at net realizable value on the balance sheet.
- D. It provides a better alignment with revenue.
Answer: D
NEW QUESTION 36
Which of the following types of data analytics would be used by a hospital to determine which patients are likely to require readmittance for additional treatment?
- A. Prescriptive analytics
- B. Diagnostic analytics
- C. Descriptive analytics
- D. Predictive analytics
Answer: D
NEW QUESTION 37
Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?
- A. Decentralized organizations tend to be less expensive to operate.
- B. Decentralized organizations are more focused on organizational goals.
- C. Decentralized organizations tend to be more responsive to market changes.
- D. Decentralized organizations streamline organizational structure.
Answer: C
NEW QUESTION 38
Which of the following is the first step an internal audit activity should undertake when executing a data analytics process?
- A. Analyze possible and available sources of raw data
- B. Define the purpose and the anticipated value
- C. Select data for cleaning and normalization procedures.
- D. Conduct a risk assessment regarding the effectiveness of the data analytics process.
Answer: A
NEW QUESTION 39
Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?
- A. Residual income.
- B. Variance analysis.
- C. A contribution margin income statement by segment.
- D. A flexible budget.
Answer: A
NEW QUESTION 40
An internal auditor is reviewing the organization's performance appraisal process. Which of the following methods would be most effective to identify stereotyping?
- A. Use a behaviorally anchored rating scale to Break down jobs into their components.
- B. Compare the ratings of selective employees with their previous appraisals.
- C. Analyze the number and percentages of employee appraisals that fall into each rating category
- D. Analyze and compare the ratings for different classes or groupings of employees.
Answer: B
NEW QUESTION 41
In which of the following scenarios would transfer pricing be used?
- A. Company A owns both Company B and Company C; all three companies sell goods to the public.
- B. Company A owns Company B; Company B sells goods to Company
- C. Company A does not own Company
Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods. - D. Company A moves goods internally from one location to another.
Answer: B
NEW QUESTION 42
A rapidly expanding retail organization continues to be tightly controlled by its original small management team. Which of the following is a potential risk in this vertically centralized organization?
- A. Duplication of business activities.
- B. Lack of coordination among different business units.
- C. Operational decisions are inconsistent with organizational goals.
- D. Suboptimal decision-making.
Answer: D
NEW QUESTION 43
Which of the following is a primary objective of the theory of constraints?
- A. Lowered inventory levels.
- B. Smooth workflow among processes.
- C. Full or near capacity in processes.
- D. Few or no defects.
Answer: C
NEW QUESTION 44
Which of the following characteristics is most important specifically for a global manager to possess in order to be successful?
- A. Understanding of uncertainty avoidance differences
- B. Cultural intelligence
- C. Emotional intelligence
- D. Knowledge of different languages.
Answer: B
NEW QUESTION 45
An organization's account for office supplies on hand had a balance of S9,000 at the end of year one. During year two. the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?
- A. A debit to office supplies on hand for S20.500
- B. A debit to office supplies on hand for S2.500
- C. A debit to office supplies on hand for S42.500
- D. A debit to office supplies on hand for $11,500
Answer: B
NEW QUESTION 46
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