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IIA-CIA-Part3 Practice Questions

Internal Audit Function

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Total Questions : 514

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Question # 91

An organization was forced to stop production unexpectedly, as raw materials could not be delivered due to a military conflict in the region. Which of the following plans have most likely failed to support the organization?

Options:

A.  

Just-in-time delivery plans.

B.  

Backup plans.

C.  

Contingency plans.

D.  

Standing plans.

Discussion 0
Question # 92

Which of the following security controls focuses most on prevention of unauthorized access to the power plant?

Options:

A.  

An offboarding procedure is initiated monthly to determine redundant physical access rights.

B.  

Logs generated by smart locks are automatically scanned to identify anomalies in access patterns.

C.  

Requests for additional access rights are sent for approval and validation by direct supervisors.

D.  

Automatic notifications are sent to a central security unit when employees enter the premises during nonwork hours

Discussion 0
Question # 93

The budgeted cost of work performed is a metric best used to measure which project management activity?

Options:

A.  

Resource planning.

B.  

Cost estimating

C.  

Cost budgeting.

D.  

Cost control.

Discussion 0
Question # 94

A restaurant decided to expand its business to include delivery services, rather than relying on third-party food delivery services. Which of the following best describes the restaurants strategy?

Options:

A.  

Diversification

B.  

Vertical integration

C.  

Risk avoidance

D.  

Differentiation

Discussion 0
Question # 95

Which of the following is most influenced by a retained earnings policy?

Options:

A.  

Cash.

B.  

Dividends.

C.  

Gross margin.

D.  

Net income.

Discussion 0
Question # 96

With regard to project management, which of the following statements about project crashing Is true?

Options:

A.  

It leads to an increase in risk and often results in rework.

B.  

It is an optimization technique where activities are performed in parallel rather than sequentially.

C.  

It involves a revaluation of project requirements and/or scope.

D.  

It is a compression technique in which resources are added so the project.

Discussion 0
Question # 97

Which of the following authentication controls combines what a user knows with the unique characteristics of the user, respectively?

Options:

A.  

Voice recognition and token

B.  

Password and fingerprint

C.  

Fingerprint and voice recognition

D.  

Password and token

Discussion 0
Question # 98

Which of the following statements. Is most accurate concerning the management and audit of a web server?

Options:

A.  

The file transfer protocol (FTP) should always be enabled.

B.  

The simple mail transfer protocol (SMTP) should be operating under the most privileged accounts.

C.  

The number of ports and protocols allowed to access the web server should be maximized.

D.  

Secure protocols for confidential pages should be used instead of dear-text protocols such as HTTP or FTP.

Discussion 0
Question # 99

Which would provide the board with the highest level of assurance regarding whether an internal audit function can achieve its objectives?

Options:

A.  

Percentage of completed audit engagements

B.  

Key stakeholder satisfaction surveys

C.  

External quality assurance feedback

D.  

Audit personnel commitment and turnover rates

Discussion 0
Question # 100

Which component of an organization's cybersecurity risk assessment framework would allow management to implement user controls based on a user's role?

Options:

A.  

Prompt response and remediation policy

B.  

Inventory of information assets

C.  

Information access management

D.  

Standard security configurations

Discussion 0
Question # 101

During a review of the accounts payable process, an internal auditor gathered all of the vendor payment transactions for the past 24 months. The auditor then used an Analytics tool to identify the top five vendors that received the highest sum of payments. Which of the following analytics techniques did the auditor apply?

Options:

A.  

Process analysis

B.  

Process mining

C.  

Data analysis.

D.  

Data mining

Discussion 0
Question # 102

Which of the following controls would an internal auditor consider the most relevant to reduce risks of project cost overruns?

Options:

A.  

Scope change requests are reviewed and approved by a manager with a proper level of authority.

B.  

Cost overruns are reviewed and approved by a control committee led by the project manager.

C.  

There is a formal quality assurance process to review scope change requests before they are implemented

D.  

There is a formal process to monitor the status of the project and compare it to the cost baseline

Discussion 0
Question # 103

An organization that soils products to a foreign subsidiary wants to charge a price that wilt decrease import tariffs. Which of the following is the best course of action for the organization?

Options:

A.  

Decrease the transfer price

B.  

Increase the transfer price

C.  

Charge at the arm's length price

D.  

Charge at the optimal transfer price

Discussion 0
Question # 104

Given the information below, which organization is in the weakest position to pay short-term debts?

Organization A: Current assets constitute $1,200,000; Current liabilities are $400,000

Organization B: Current assets constitute $1,000,000; Current liabilities are $1,000,000

Organization C: Current assets constitute $900,000; Current liabilities are $300,000

Organization D: Current assets constitute $1,000,000; Current liabilities are $250,000

Options:

A.  

Organization A

B.  

Organization B

C.  

Organization C

D.  

Organization D

Discussion 0
Question # 105

Which of the following types of accounts must be closed at the end of the period?

Options:

A.  

Income statement accounts.

B.  

Balance sheet accounts.

C.  

Permanent accounts.

D.  

Real accounts.

Discussion 0
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