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IIA-CIA-Part3 Exam Dumps - IIA CIA Questions and Answers

Question # 74

According to IIA guidance, which of the following links computers and enables them to -communicate with each other?

Options:

A.

Application program code

B.

Database system

C.

Operating system

D.

Networks

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Question # 75

How do data analysis technologies affect internal audit testing?

Options:

A.

They improve the effectiveness of spot check testing techniques.

B.

They allow greater insight into high risk areas.

C.

They reduce the overall scope of the audit engagement,

D.

They increase the internal auditor's objectivity.

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Question # 76

Which of the following is a disadvantage in a centralized organizational structure?

Options:

A.

Communication conflicts

B.

Slower decision making.

C.

Loss of economies of scale

D.

Vulnerabilities in sharing knowledge

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Question # 77

Management is designing its disaster recovery plan. In the event that there is significant damage to the organization's IT systems this plan should enable the organization to resume operations at a recovery site after some configuration and data restoration. Which of the following is the ideal solution for management in this scenario?

Options:

A.

A warm recovery plan.

B.

A cold recovery plan.

C.

A hot recovery plan.

D.

A manual work processes plan

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Question # 78

Which of the following controls would be the most effective in preventing the disclosure of an organization's confidential electronic information?

Options:

A.

Nondisclosure agreements between the firm and its employees.

B.

Logs of user activity within the information system.

C.

Two-factor authentication for access into the information system.

D.

limited access so information, based on employee duties

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Question # 79

Which of the following statements is true regarding the management-by-objectives method?

Options:

A.

Management by objectives is most helpful in organizations that have rapid changes.

B.

Management by objectives is most helpful in mechanistic organizations with rigidly defined tasks.

C.

Management by objectives helps organizations to keep employees motivated.

D.

Management by objectives helps organizations to distinguish clearly strategic goals from operational goals.

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Question # 80

A retail organization mistakenly did have include $10,000 of Inventory in the physical count at the end of the year. What was the impact to the organization's financial statements?

Options:

A.

Cost of sales and net income are understated.

B.

Cost of sales and net income are overstated.

C.

Cost of sales is understated and not income is overstated.

D.

Cost of sales is overstated and net Income is understated.

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Question # 81

Which of the following statements, is true regarding the capital budgeting procedure known as discounted payback period?

Options:

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.

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Question # 82

An internal auditor observed that the organization's disaster recovery solution will make use of a cold site in a town several miles away. Which of the following is likely to be a characteristic of this disaster recover/ solution?

Options:

A.

Data is synchronized in real time

B.

Recovery time is expected to be less than one week

C.

Servers are not available and need to be procured

D.

Recovery resources end data restore processes have not been defined.

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Question # 83

Which type of bond sells at & discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

Options:

A.

High-yield bonds

B.

Commodity-backed bonds

C.

Zero coupon bonds

D.

Junk bonds

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Exam Code: IIA-CIA-Part3
Exam Name: Business Knowledge for Internal Auditing
Last Update: Apr 1, 2025
Questions: 416
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