IIA IIA-CIA-Part3-3P Exam Questions Free Practice Test

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Questions # 51:

Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?

Options:

In a regressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.

In a regressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.

In a progressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.

In a progressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.

Questions # 52:

According to Porter's model of competitive strategy, which of the following is a generic strategy?

1 Differentiation.

2) Competitive advantage.

3) Focused differentiation.

4) Cost focus.

Options:

2 only

3 and 4 only

1, 3, and 4 only

1, 2, 3, and 4

Questions # 53:

When auditing an application change control process, which of the following procedures should be included in the scope of the audit?

1) Ensure system change requests are formally initiated, documented, and approved.

2) Ensure processes are in place to prevent emergency changes from taking place.

3) Ensure changes are adequately tested before being placed into the production environment.

4) Evaluate whether the procedures for program change management are adequate.

Options:

1 only

1 and 3 only

2 and 4 only

1, 3, and 4 only

Questions # 54:

Which of the following borrowing options is an unsecured loan?

Options:

Second-mortgage financing from a bank.

An issue of commercial paper.

Pledged accounts receivable.

Asset-based financing.

Questions # 55:

A key advantage of developing a computer application by using the prototyping approach is that it:

Options:

Does not require testing for user acceptance.

Allows applications to be portable across multiple system platforms.

Is less expensive since it is self-documenting.

Better involves users in the design process.

Questions # 56:

Which of the following would not impair the objectivity of internal auditor?

Options:

Management assurance on risks.

Implementing risk responses on behalf of management.

Providing assurance that risks assessed are correctly evaluated.

Setting the risk appetite.

Questions # 57:

Which of the following is the most appropriate test to assess the privacy risks associated with an organization's workstations?

Options:

Penetration test.

Social engineering test.

Vulnerability test.

Physical control test.

Questions # 58:

Organizations use matrix management to accomplish which of the following?

Options:

To improve the chain of command.

To strengthen corporate headquarters.

To focus better on a single market.

To increase lateral communication.

Questions # 59:

According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?

Options:

Key processes across the entity which impact quality must be identified and included.

The quality management system must be documented in the articles of incorporation, quality manual,

procedures, work instructions, and records.

Management must review the quality policy, analyze data about quality management system

performance, and assess opportunities for improvement and the need for change.

The entity must have processes for inspections, testing, measurement, analysis, and improvement.

Questions # 60:

A small furniture-manufacturing firm with 100 employees is located in a two-story building and does not plan to expand. The furniture manufactured is not special-ordered or custom-made. The most likely structure for this organization would be:

Options:

Functional departmentalization.

Product departmentalization.

Matrix organization.

Divisional organization.

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