IIA-CIA-Part3 Practice Questions

A.  

Theory of constraints.

B.  

Just-in-time method.

C.  

Activity-based costing.

D.  

Break-even analysis

A.  

Hot recovery plan

B.  

Warm recovery plan

C.  

Cold recovery plan

D.  

Absence of recovery plan

A.  

The number of audits completed

B.  

The number of significant audit observations

C.  

The percentage of recommendations implemented

D.  

The number of training hours per auditor

A.  

An ABC costing system is similar to conventional costing systems in how it treats the allocation of manufacturing overhead.

B.  

An ABC costing system uses a single unit-level basis to allocate overhead costs to products.

C.  

An ABC costing system may be used with either a job order or a process cost accounting system.

D.  

The primary disadvantage of an ABC costing system is less accurate product costing.

A.  

Intrinsic reward.

B.  

Job enrichment

C.  

Extrinsic reward.

D.  

The hierarchy of needs.

A.  

Rooting.

B.  

Eavesdropping.

C.  

Man in the middle.

D.  

Session hijacking.

A.  

There is a higher reliance on organizational culture.

B.  

There are clear expectations set for employees.

C.  

There are electronic monitoring techniques employed.

D.  

There is a defined code for employee behavior.

A.  

Lack of coordination among different business units

B.  

Operational decisions are inconsistent with organizational goals

C.  

Suboptimal decision-making

D.  

Duplication of business activities

A.  

Esteem by colleagues.

B.  

Self-fulfillment

C.  

Series of belonging in the organization

D.  

Job security

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.  

A flat structure results in lower operating and support costs than a hierarchical structure.

B.  

A flat structure results in a stable and very collaborative environment.

C.  

A flat structure enables field auditors to report to and learn from senior auditors.

D.  

A flat structure is more dynamic and offers more opportunities for advancement than a hierarchical structure.

A.  

Not installing anti-malware software

B.  

Updating operating software in a haphazard manner,

C.  

Applying a weak password for access to a mobile device.

D.  

JoIIbreaking a locked smart device

A.  

The external assessment would include the audit function’s compliance with laws and regulations

B.  

The selected qualified assessor can be from the organization’s shared services team

C.  

The external assessment team members must work for an accounting firm

D.  

The frequency of the performance of assessments should be considered by the assessor

A.  

To restore all data and systems immediately after the occurrence of an incident.

B.  

To set the maximum allowable downtime to restore systems and data after the occurrence of an incident.

C.  

To set the point in time to which systems and data must be recovered after the occurrence of an incident.

D.  

To restore data and systems to a previous point in time after the occurrence of an incident

A.  

A value-added network.

B.  

A local area network.

C.  

A metropolitan area network.

D.  

A wide area network.