Pass the IIA CIA IIA-CIA-Part3-3P Questions and answers with CertsForce

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Viewing questions 111-120 out of questions
Questions # 111:

Which of me following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?

Options:

A.

First-in first-out method (FIFO)


B.

Last-in first-out method (LIFO)


C.

Specific identification method


D.

Average-cost method


Expert Solution
Questions # 112:

Which of the following recognized competitive strategies focuses on gaining efficiencies?

Options:

A.

Focus


B.

Cost leadership


C.

Innovation


D.

Differentiation


Expert Solution
Questions # 113:

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?

Options:

A.

Attribute theory.


B.

Path goal model


C.

Life cycle model


D.

Contingency theory


Expert Solution
Questions # 114:

An internal auditor is using data analytics to locus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the data. Which of me following statements is true regarding this scenario?

Options:

A.

The auditor is normalizing data in preparation for analyzing it


B.

The auditor is analyzing the data in preparation for communicating the results


C.

The auditor is cleaning the data in preparation for determining which processes may tie involved


D.

The auditor is reviewing the data prior to defining the question


Expert Solution
Questions # 115:

A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25,000 shirts. Actual sales total $300,000.

What is margin of safety sales for the company?

Options:

A.

$100,000


B.

$200,000


C.

$275,000


D.

$500,000


Expert Solution
Questions # 116:

A multinational organization involved in online business has planned to set up a help desk service. Which of the following best describes the role performed by the help desk?

Options:

A.

Monitoring access to the online database.


B.

Backing up and maintaining archived data.


C.

Responding to customer inquiries.


D.

Maintaining and assuring network security.


Expert Solution
Questions # 117:

An internal auditor is assigned to perform data analytics. Which of the following is the next step the auditor should undertake after she has ascertained the value expected from the review?

Options:

A.

Normalize the data


B.

Obtain the data


C.

identify the risks


D.

Analyze the data


Expert Solution
Questions # 118:

Which of the following is likely to occur when an organization decides to adopt a decentralized organizational structure?

Options:

A.

A slower response to external change.


B.

Less controlled decision making.


C.

More burden on higher-level managers.


D.

Less use of employees' true skills and abilities.


Expert Solution
Questions # 119:

Which of the following performance measures disincentivizes engaging in earnings management?

Options:

A.

Linking performance to profitability measures such as return on investment.


B.

Linking performance to the stock price.


C.

Linking performance to quotas such as units produced.


D.

Linking performance to nonfinancial measures such as customer satisfaction and employees training.


Expert Solution
Questions # 120:

Which of the following data analytics tools would be applied by an internal audit activity positioned at the lowest level of maturity?

Options:

A.

Workflow and data capture technology


B.

Data visualization applications.


C.

Software integrated with central data warehouse


D.

Spreadsheets.


Expert Solution
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