[May-2022] IIA-CIA-Part3 Dumps PDF – IIA-CIA-Part3 Real Exam Questions Answers [Q87-Q104]

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[May-2022] IIA-CIA-Part3 Dumps PDF – IIA-CIA-Part3 Real Exam Questions Answers

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IIA IIA-CIA-Part3 Exam Syllabus Topics:

Topic	Details
Topic 1	?Explain general concepts of managerial accounting ?Examine the risk and control implications of common business processes
Topic 2	Describe cybersecurity and information security-related policies Describe the strategic planning process and key activities
Topic 3	Explain basic IT infrastructure and network concepts ?Recognize existing and emerging cybersecurity risks
Topic 4	Explain the data analytics process ?Differentiate the various forms of user authentication and authorization controls
Topic 5	Define the operational roles of a network administrator, database administrator, and help desk
Topic 6	Recognize the various forms and elements of contracts ?Identify project management techniques
Topic 7	Recognize core activities in the systems development lifecycle and delivery Recognize the purpose and applications of IT control frameworks
Topic 8	Recognize data privacy laws and their potential impact on data security policies and practices Explain disaster recovery planning site concepts
Topic 9	Recognize the application of data analytics methods in internal auditing Explain the purpose and use of various information security controls

Q87. An organization is experiencing a high turnover. Which of the following can human resources deploy to effectively detect the root cause of turnover?

Require regular performance appraisals

Perform exit interviews

Encourage periodic rotation of employee duties.

Ensure mandatory vacations

Q88. Effective internal control for application development should provide for which of the following?
I A project steering committee to initiate and oversee the system
II A technical systems programmer to evaluate systems software
III Feasibility studies to evaluate existing systems
IV The establishment of standards for systems design and programming

I and Ill only.

I, II, and IV only

I, Ill, and IV only.

II, Ill, and IV only

Effective systems development requires participation by top management. This can be achieved through a steering committee composed of higher-level representatives of system users. The committee approves or recommends projects and reviews their progress.
Studies of the economic, operational, and technical feasibility of new applications necessarily entail evaluations of existing systems. Another necessary control is the establishment of standards for system design and programming. Standards represent user and system requirements determined during systems analysis.

Q89. On January 1, Year 1, an entity purchased a machine for US $10,000. The estimated useful life was 10 years, with no residual value. The entity depreciates its property, plant, and equipment using the straight-line method. On January 1, Year 5, it was estimated that the machine had a remaining useful life of 3 years. Compute the entity’s Year 5 depreciation expense for the machine.

US $1,000

US $2,000

US $3,000

US $6,000

The machine’s net carrying amount at January 1, Year 5, is US $6,000$10,000 cost $4,000 accumulated depreciation for4 years). A change in accounting estimate is applied prospectively. Thus, ‘depreciation expense is US $2,000 per year for the next 3 years.

Q90. International marketing activities often begin with:

Standardization.

Global marketing.

Limited exporting.

Domestic marketing.

Q91. If a manufacturer has established a limit on the number of defects that are tolerable in the final assembly of its product, which of the following quality control procedures should be employed?
I. Inspect completed goods for compliance with established tolerances.
II. Review sales returns for defects not detected during the final inspection process.
III. Compare materials and machinery specifications with original product designs.
IV.
Establish a quality circle that includes management and subordinates to discuss labor efficiency.

I, III, and I.

II and III only.

I, II, and III.

III and IV only.

Quality control procedures may be categorized according to the nature of the costs incurred. An organization incurs appraisal costs to ensure product quality. These costs include the costs of inspection, testing, and statistical quality control programs. An organization also should investigate the causes of sales returns, which represent an external failure cost. Furthermore, the organization should incur certain prevention costs, e.g., by reviewing equipment design and materials requirements.

Q92. Which of the following is a false statement about cost-based pricing?

A cost-based price should cover costs and provide the desired return on investment.

A commonly used cost-plus pricing formula is to add a markup percentage to the total cost.

Variable costs may not be used as the basis for costs.

A cost-plus price equals the cost plus a markup.

Cost-based pricing begins with a cost determination followed by setting a price that will recover the value chain costs and provide the desired return on investment. A cost-plus price equals the cost plus a markup. Cost may be defined in many ways. Most companies use either absorption manufacturing cost or total cost when calculating the price. Variable costs may be used as the basis for cost, but then fixed costs must be covered by the markup.

Q93. When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
1. Management’s tolerance for specific risks.
2. The cost versus benefit of implementing a control.
3. Whether a control can mitigate multiple risks.
4. The ability to test the effectiveness of the control.

1, 2, and 3

1, 2, and 4

1, 3, and 4

2, 3, and 4

Q94. An organization that sells products to a foreign subsidiary wants to charge a price that will decrease import tariffs. Which of the following is the best course of action for the organization?

Decrease the transfer price.

Increase the transfer price.

Charge at the arm’s length price.

Charge at the optimal transfer price.

Q95. Which of the following is considered to be a server in a local area network LAN)?

The cabling that physically interconnects the nodes of the LAN.

A device that stores program and data files for users of the LAN.

A device that connects the LAN to other networks.

A workstation that is dedicated to a single user on the LAN.

A file server is a computer in a network that operates as a librarian. It stores programs and data files for users of the LAN and manages access to them.

Q96. Which of the following statements regarding database management systems is not correct?

Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.

The database management system acts as a layer between the application software and the operating system.

Applications pass on the instructions for data manipulation which are then executed by the database management system.

The data within the database management system can only be manipulated directly by the database management system administrator.

Q97. Which of the following would provide the least security for sensitive data stored on a notebook computer?

Encrypting data files on the notebook computer.

Using password protection for the screen-saver program on the notebook computer.

Using a notebook computer with a removable hard disk drive.

Locking the notebook computer in a case when not in use.

Password protection for a screen-saver program can be easily bypassed.

Q98. An organization is considering the outsourcing of its business processes related to payroll and information technology functions. Which of the following is the most significant area of concern for management regarding this proposed agreement?

Ensuring that payments to the vendor are appropriate and timely for the services delivered.

Ensuring that the vendor has complete management control of the outsourced process.

Ensuring that there are means of monitoring the efficiency of the outsourced process.

Ensuring that there are means of monitoring the effectiveness of the outsourced process.

Q99. Because of the large number of factors that could affect the demand for its new product, interactions among these factors, and the probabilities associated with different values of these factors, the marketing department would like to develop a computerized model for projecting demand for this product. By using a random-number procedure to generate values for the different factors, it will be able to estimate the distribution of demand for this new product. This method of estimating the distribution of demand for the new product is called:

Monte Carlo simulation.

Linear programming.

Correlation analysis.

Differential analysis.

Simulations that use a random-number procedure to generate values for the inputs are Monte Carlo simulations.

Q100. Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?

Decentralized organizations are more focused on organizational goals.

Decentralized organizations streamline organizational structure.

Decentralized organizations tend to be less expensive to operate.

Decentralized organizations tend to be more responsive to market changes.

Q101. Which of the following brings in additional capital to the entity?

Two-for-one share split.

Conversion of convertible bonds to ordinary shares

Exercise of warrants.

Exercise of options purchased through an option exchange

Warrants are options that permit the holder to buy shares for a stated price. Their exercise results in inflows and the issuance of shares.

Q102. An auditor has just completed a physical security audit of a data center. Because the center engages in top- secret defense contract work, the auditor has chosen to recommend biometric authentication for workers entering the building. The recommendation might include devices that verify all of the following except:

Fingerprints.

Retina patterns.

Speech patterns.

Password patterns.

Biometric technologies are automated methods of establishing an individual’s identity using physiological or behavioral traits. These characteristics include fingerprints, retina patterns, hand geometry, signature dynamics, speech, and keystroke dynamics.

Q103. A firm ships its product to a foreign subsidiary and charges a price that may increase import duties but lower the income taxes paid by the subsidiary. The most likely reason for these effects is that the:

Price is an arm’s-length price.

Price is a cost-plus price.

Transfer price is too low.

Transfer price is too high.

A transfer price is the price charged by one subunit of a firm to another. When the subsidiary-buyer is in a foreign country, the higher the transfer, the higher the potential tariffs. However, the tax levied on a subsequent sale by the subsidiary will be lower because of its higher acquisition cost.

Q104. With regard to e-commerce, risk is best defined as the uncertainty of an event that could:

Have a negative impact on the achievement of objectives.

Positively impact management’s ability to safeguard organizational assets.

Have a positive impact on the achievement of objectives.

Have an impact on the effective and efficient use of an organization’s resources.

The e-commerce risk and control environment is complex and evolving. Risk can be defined as the uncertainty of an event occurring that could have a negative impact on the achievement of objectives.

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[May-2022] IIA-CIA-Part3 Dumps PDF – IIA-CIA-Part3 Real Exam Questions Answers [Q87-Q104]

IIA IIA-CIA-Part3 Exam Syllabus Topics:

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