IIA-CIA-Part3 Practice Questions

A.  

The auditor eliminated duplicate information

B.  

The auditor organized data to minimize useless information

C.  

The auditor made data usable for a specific purpose by ensuring that anomalies were identified and addressed

D.  

The auditor ensured data fields were consistent and that data could be used for a specific purpose

A.  

1 and 2 only

B.  

2 and 3 only

C.  

3 and 4 only

D.  

1, 2, and 3 only

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 be involves .

D.  

The auditor is reviewing trio data prior to defining the question

A.  

It calculates the overall value of a project.

B.  

It ignores the time value of money.

C.  

It calculates the time a project takes to break even.

D.  

It begins at time zero for the project.

A.  

Secure configurations and access controls.

B.  

Strong vendor contracts with control reports provided by service organizations.

C.  

Active and frequent monitoring of network traffic activities.

D.  

Firewalls to block unauthorized processing of transactions.

A.  

Ensure that there are sufficient audit resources or train personnel in data analytics.

B.  

Obtain and assess as much data as possible for the audit.

C.  

Identify the business question or need, data required, and expected results.

D.  

Gain management ' s approval and willingness to accept audit findings based on data analytics.

A.  

Unrealized gains or losses of the investment portfolio.

B.  

The difference between the total cost of securities and their market cost.

C.  

The price for which a security could be sold at normal market conditions.

D.  

The original cost of a security plus revenues it has earned.

A.  

Escalate the concern to senior management

B.  

Send a letter to responsible management and provide a deadline to accept the risk

C.  

Escalate the concern to the board

D.  

Discuss the issue with the members of responsible management

A.  

Review and acquire the external audit service.

B.  

Assess the appraisal and actuarial services.

C.  

Determine the selection criteria.

D.  

Identify regulatory requirements to be considered.

A.  

Annual rate of return.

B.  

Incremental analysis.

C.  

Discounted cash flow.

D.  

Cash payback

A.  

Cash payback technique.

B.  

Discounted cash flow technique: net present value.

C.  

Annual rate of return

D.  

Discounted cash flow technique: internal rate of return.

A.  

Direct, product costs.

B.  

Indirect product costs.

C.  

Direct period costs,

D.  

Indirect period costs

A.  

Process mining.

B.  

Process analysis.

C.  

Data mining.

D.  

Data analysis.

A.  

Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.

B.  

The database management system acts as a layer between the application software and the operating system.

C.  

Applications pass on the instructions for data manipulation which are then executed by the database management system.

D.  

The data within the database management system can only be manipulated directly by the database management system administrator.

A.  

Standardization.

B.  

Global marketing.

C.  

Limited exporting.

D.  

Domestic marketing.