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  5. CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

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Questions # 91:

According to IIA guidance, which of the following statements is true regarding analytical procedures?

Options:
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

Questions # 92:

According to IIA guidance, which of the following best describes the activities that occur during the conversion phase of an IT project?

Options:
A.

Conversion of user requirements into system specifications

B.

Conversion of user requirements into program codes

C.

Conversion of test data into production data

D.

Conversion of data from the old system into the new system

Questions # 93:

An internal auditor is investigating a potential fraudulent activity. What is the first test the auditor should perform on the transaction data under scrutiny?

Options:
A.

Digital analysis for statistically unlikely occurrences that may indicate system tampering.

B.

Verification of the completeness and integrity of the obtained data.

C.

Detailed review of the data contents to strategize the best analytical techniques.

D.

Calculation of statistical parameters to identify outliers requiring further scrutiny.

Questions # 94:

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?

Options:
A.

Change the contract so payment is based on the distances traveled by the contractor during collection.

B.

Renegotiate a lump-sum contract when the contract is up for renewal

C.

Assign a city employee to verify the number of bins emptied each day

D.

Require that the contractor provide supervisory review of the number of bins emptied each day

Questions # 95:

Which of the following budgets serves as a basis for the budgeted income statement?

Options:
A.

All financial budgets

B.

All operating budgets

C.

Only the cash budget and budgeted balance sheet

D.

Only the sales and production budgets

Questions # 96:

Which of the following statements is true regarding a bring-your-own-device (BYOD) environment?

Options:
A.

There is a greater need Kr organizations to rely on users to comply with policies and procedures.

B.

With fewer devices owned by the organization, there is reduced need to maintain documented policies and procedures.

C.

Incident response times are less critical in the BYOD environment. compared to a traditional

environment

D.

There is greater sharing of operational risk in a BYOD environment.

Questions # 97:

Which of the following describes a third-party network that connects an organization specifically with its trading partners?

Options:
A.

Value-added network (VAN).

B.

Local area network (LAN).

C.

Metropolitan area network (MAN).

D.

Wide area network (WAN).

Questions # 98:

Which of the following assumptions regarding cost-volume-profit analysis is true?

Options:
A.

Costs are affected by changes in activity only.

B.

The behavior of costs and revenues is inverse.

C.

When more than one type of product is sold, the sales mix changes.

D.

Only variable costs have to be classified accurately.

Questions # 99:

Which of the following is the most effective control to prevent unauthorized entrance of a former employee of the organization?

Options:
A.

Revoking the former employee's biometrics from the entrance systems

B.

Installing security guards who have undergone a background check at all entrances.

C.

Installing multiple high-powered surveillance cameras throughout the organization

D.

Keeping doors locked and accessible with a key that is provided only to employees

Questions # 100:

According to IIA guidance on IT which of the following best describes a but recovery and restore processes have not been defined?

Options:
A.

Hot recovery plan

B.

Warm recovery plan

C.

Cold recovery plan.

D.

Absence of recovery plan

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