IIA-CIA-Part3 Practice Questions

A.  

To increase the ability to borrow additional funds from creditors

B.  

To reduce the organization ' s free cash flow from operations

C.  

To Improve the organization ' s free cash flow from operations

D.  

To acquire the asset at the end of the lease period at a price lower than the fair market value

A.  

A value-added network.

B.  

A local area network.

C.  

A metropolitan area network.

D.  

A wide area network.

A.  

Earnings per share.

B.  

Asset turnover ratio.

C.  

Net income.

D.  

Current ratio.

A.  

Placing the updated methodologies in an easily accessible location for reference

B.  

Requiring a signed acknowledgment that each auditor will comply with the updated methodologies

C.  

Preparing a recorded training that reviews the updated methodologies

D.  

Sharing a one-page summary of the updated methodologies during an internal audit function meeting

A.  

The CAE meets with the organization ' s new CFO to review the internal audit plan. After reviewing the plan, the CFO is satisfied that the plan addressed the top risks facing the organization

B.  

The CAE oversees an internal audit function that has one IT auditor on staff. This auditor left the organization eight months ago and the CAE has been unable to hire a suitable replacement

C.  

The effective date of a new government regulation occurs during the internal audit plan year. The new regulation and its effective date have been public for several years

D.  

The CAE oversees an internal audit function of 15 auditors. An auditor left the organization and was replaced the following week with an auditor who has similar skills and experience

A.  

Second-mortgage financing from a bank.

B.  

An issue of commercial paper.

C.  

Pledged accounts receivable.

D.  

Asset-based financing.

A.  

The CAE uses the risk-factor approach to prioritize the audit universe

B.  

The CAE uses risk likelihood scores to prioritize the audit universe

C.  

The CAE uses risk impact scores to prioritize the audit universe

D.  

The CAE uses heat maps to prioritize the audit universe

A.  

Require a virtual private network (VPN).

B.  

Require at least an eight-digit passcode or a complicated swipe pattern.

C.  

Require the remote wipe function and encryption of local data.

D.  

Require a passcode followed by a response requiring verification message.

A.  

Earned Value Management (EVM).

B.  

Organizational procedures.

C.  

Performance measurement.

D.  

Project Management Information System (PMIS).

A.  

Risk tolerance.

B.  

Performance.

C.  

Threats and opportunities.

D.  

Governance.

A.  

A retina characteristics reader

B.  

A P3M code reader

C.  

A card-key scanner

D.  

A fingerprint scanner

A.  

A company reports trading and investment securities at their market cost

B.  

A building purchased last year for $1 million is currently worth ©1.2 million, but the company still reports the building at $1 million.

C.  

A building purchased last year for ©1 million is currently worth £1,2 million , and the company adjusts the records to reflect the current value

D.  

A company reports assets at either historical or fair value, depending which is closer to market value.

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.

A.  

Access control via biometric authentication.

B.  

Access control via passcode authentication.

C.  

Access control via swipe pattern authentication.

D.  

Access control via security question authentication.

A.  

Password selection.

B.  

Password aging.

C.  

Password lockout.

D.  

Password rotation.