Ace IIA-CIA-Part3-3P Certification with 487 Actual Questions
PASS IIA IIA-CIA-Part3-3P EXAM WITH UPDATED DUMPS
IIA IIA-CIA-Part3-3P Exam Syllabus Topics:
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NEW QUESTION 145
Which of the following are typical responsibilities for operational management within a risk management program?
1) Implementing corrective actions to address process deficiencies.
2) Identifying shifts in the organization's risk management environment.
3)( Providing guidance and training on risk management processes.
4) Assessing the impact of mitigation strategies and activities.
- A. 3 and 4 only
- B. 2 and 3 only
- C. 1 and 4 only
- D. 1 and 2 only
Answer: C
NEW QUESTION 146
Which of the following is true regarding the COSO enterprise risk management framework?
- A. The framework facilitates effective risk management, even if objectives have not been established.
- B. The framework categorizes an organization's objectives to distinct, non overlapping objectives.
- C. The framework integrates with, but is not dependent upon, the corresponding internal control framework.
- D. Control environment is one of the framework's eight components.
Answer: C
NEW QUESTION 147
Which of the following is an example of a key systems development control typically found in the in-house development of an application system?
- A. Business users' requirements are documented, and their achievement is monitored
- B. A record is maintained to track the process of data from input, to output, to storage
- C. The development process is designed to prevent, detect and correct errors that may occur
- D. Logical access controls monitor application usage and generate audit trails.
Answer: A
NEW QUESTION 148
Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:
- A. Performance.
- B. Motivation.
- C. Communication.
- D. Organizational structure.
Answer: C
NEW QUESTION 149
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?
- A. We are a people-and-goods mover.
- B. We supply energy.
- C. We provide climate control in the home.
- D. We make movies.
Answer: D
NEW QUESTION 150
Which of the following is based on the concept that there is not one best leadership style and that successful leadership depends on a match between the leader, the situation, and the subordinate?
- A. Life cycle model
- B. Path goal model
- C. Contingency theory
- D. Attribute theory.
Answer: C
NEW QUESTION 151
When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?
- A. Identify regulatory requirements to be considered.
- B. Assess the appraisal and actuarial services.
- C. Determine the selection criteria.
- D. Review and acquire the external audit service.
Answer: A
NEW QUESTION 152
Which of the following IT operational areas is responsible for the integrity of data flow within an organization?
- A. Server
- B. Network
- C. Database
- D. Operating system
Answer: B
NEW QUESTION 153
Which of the following are typical audit considerations for a review of authentication?
1) Authentication policies and evaluation of controls transactions.
2) Management of passwords, independent reconciliation, and audit trail.
3) Control self-assessment tools used by management.
4) Independent verification of data integrity and accuracy.
- A. 2, 3, and 4
- B. 1, 2, and 4
- C. 1, 3, and 4
- D. 1, 2, and 3
Answer: D
NEW QUESTION 154
Which of the following financial instruments should be recorded at fair market value on the financial statements?
- A. Bonds to be held for sale in the short term.
- B. Notes receivable in the short term
- C. Bonds to be held to maturity.
- D. Accounts receivable in the short term
Answer: A
NEW QUESTION 155
According to IIA guidance, which of the following statements is true regarding analytical procedures?
- A. Data relationships cannot include comparisons between operational and statistical data
- B. Analytical procedures can be used to identify unexpected differences but cannot be used to identify the absence of differences
- C. Data relationships are assumed to exist and to continue where no known conflicting conditions exist.
- D. Analytical procedures are intended primarily to ensure the accuracy of the information being examined.
Answer: C
NEW QUESTION 156
Which of the following are included in ISO 31000 risk principles and guidelines?
- A. Principles, framework, and process.
- B. Standards, framework, and process.
- C. Principles, practices, and process.
- D. Standards, assessments, and process.
Answer: A
NEW QUESTION 157
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. Write-off of inventory is increasing.
- B. Process to manufacture goods is more efficient.
- C. Labor productivity to produce goods is increasing.
- D. Cost of raw material inventory items is decreasing.
Answer: A
NEW QUESTION 158
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?
- A. Reading the board's minutes.
- B. Interviewing the organization's employees.
- C. Observing the organization's operations.
- D. Inspecting manuals and documents.
Answer: A
NEW QUESTION 159
Which of the following is a strategy that organizations can use to stimulate innovation?
1) Source from the most advanced suppliers.
2) Establish employee programs that reward initiative.
3) Identify best practice competitors as motivators.
4) Ensure that performance targets are always achieved.
- A. 1, 2, 3, and 4
- B. 2 and 4 only
- C. 1, 2, and 3 only
- D. 1 and 3 only
Answer: C
NEW QUESTION 160
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. There is a lack of alignment to organizational strategies.
- B. The process is not sustained and is not optimized as planned.
- C. The operational quality is less than projected.
- D. There is increased potential for loss of assets.
Answer: D
NEW QUESTION 161
Which of the following is not a method for implementing a new application system?
- A. Direct cutover.
- B. Parallel.
- C. Pilot.
- D. Test.
Answer: D
NEW QUESTION 162
An internal auditor is investigating a potential fraudulent activity. What is the first test the auditor should perform on the transaction data under scrutiny?
- A. Digital analysis for statistically unlikely occurrences that may indicate system tampering.
- B. Calculation of statistical parameters to identify outliers requiring further scrutiny.
- C. Detailed review of the data contents to strategize the best analytical techniques.
- D. Verification of the completeness and integrity of the obtained data.
Answer: D
NEW QUESTION 163
In which of the following scenarios would transfer pricing be used?
- A. Company A moves goods internally from one location to another.
- B. Company A owns both Company B and Company C; all three companies sell goods to the public.
- 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 owns Company B; Company B sells goods to Company
Answer: D
NEW QUESTION 164
A manager has difficulty motivating staff to improve productivity, despite establishing a lucrative individual reward system. Which of the following is most likely the cause of the difficulty?
- A. Low long-term orientation.
- B. Low uncertainty avoidance.
- C. High degree of masculinity.
- D. High collectivism.
Answer: D
NEW QUESTION 165
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