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

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Questions # 81:

Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?

Options:

The risk that users try to bypass controls and do not install required software updates.

The risk that smart devices can be lost or stolen due to their mobile nature.

The risk that an organization intrusively monitors personal information stored on smart devices.

The risk that proprietary information is not deleted from the device when an employee leaves.

Questions # 82:

According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

Options:

Report identifying data that is outside of system parameters

Report identifying general ledger transactions by time and individual

Report comparing processing results with original input

Report confirming that the general ledger data was processed without error.

Questions # 83:

A retail organization mistakenly did not include S10.000 of inventory in the physical count at the end of the year. What was the impact to the organization's financial statements?

Options:

Cost of sales and net income are understated

Cost of sales and net income are overstated

Cost of sales is understated and net income is overstated.

Cost of sales is overstated and net income is understated.

Questions # 84:

An organization had a gross profit margin of 40 percent in year one and in year two. The net profit margin was 18 percent in year one and 13 percent in year two.

Which of the following could be the reason for the decline in the net profit margin for year two?

Options:

Cost of sales increased relative to sales.

Total sales increased relative to expenses.

The organization had a higher dividend payout rate in year two.

The government increased the corporate tax rate.

Questions # 85:

According to IIA guidance on IT. which of the following plans would pair the identification of critical business processes with recovery time objectives?

Options:

The business continuity management charter.

The business continuity risk assessment plan

The business impact analysis plan

The business case for business continuity planning

Questions # 86:

Which of me Wowing summarizes information about the cash receipts and cash payments for a specific time period?

Options:

Income statement

Statement of cash flows.

Balance sheet

Owner's equity statement

Questions # 87:

When using cost-volume-profit analysts which of the following will increase operating income once the break-even point has been reached?

Options:

Fixed costs per unit for each additional unit sold

Variable costs per unit for each additional unit sold

Contribution margin per unit for each additional unit sold

Gross margin per unit for each additional unit sold

Questions # 88:

During which of the following phases of contracting does the organization analyze whether the market is aligned with organizational objectives?

Options:

Initiation phase.

Bidding phase.

Development phase.

Negotiation phase

Questions # 89:

In which of the following plans is an employee most likely to find guidance on action and performance standards?

Options:

Operational plans.

Tactical plans.

Strategic plans.

Mission plans.

Questions # 90:

Which of the following statements is true regarding partnership liquidation?

Options:

Operations can continue after the liquidation if all partners agree

Partnership liquidation ends both the legal and economic life of an entity

Partnership liquidation occurs when there is capital deficiency Stable

When a partnership is liquidated, each partner pays creditors from cash received

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