IIA IIA-CIA-PART3-3P Online Practice Questions and Exam Preparation

IIA IIA-CIA-PART3-3P Online Questions & Answers

• Question 1:

  If a bank's activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?

  A. Product departmentalization.
  B. Process departmentalization.
  C. Functional departmentalization.
  D. Customer departmentalization.
  D. Customer departmentalization.

• Question 2:

  Which of the following is useful for forecasting the required level of inventory?

  1) Statistical modeling.

  2) Information about seasonal variations in demand.

  3) Knowledge of the behavior of different business cycles.

  4) Pricing models linked to seasonal demand.

  A. 1 and 2 only
  B. 2 and 3 only
  C. 1, 2, and 3 only
  D. 1, 2, 3, and 4
  C. 1, 2, and 3 only

• Question 3:

  According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?

  A. Access system security.
  B. Policy development.
  C. Change management.
  D. Operations processes.
  B. Policy development.

• Question 4:

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

  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.
  C. It calculates the time a project takes to break even.

• Question 5:

  Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?

  A. Lack of flexibility.
  B. Incompatibility with client/server technology.
  C. Employee resistance to change.
  D. Inadequate technical support.
  A. Lack of flexibility.

• Question 6:

  Which of the following statements about slack time and milestones are true?

  1) Slack time represents the amount of time a task may be delayed without delaying the entire project.

  2) A milestone is a moment in time that marks the completion of the project's major deliverables.

  3) Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.

  4) A milestone requires resource allocation and needs time to be completed.

  A. 1 and 4 only
  B. 2 and 3 only
  C. 1, 2, and 3 only
  D. 1, 2, 3, and 4
  C. 1, 2, and 3 only

• Question 7:

  Which of the following should an organization consider when developing strategic objectives for its business processes?

  1) Contribution to the success of the organization.

  2) Reliability of operational information.

  3) Behaviors and actions expected of employees.

  4) How inputs combine with outputs to generate activities.

  A. 1 and 2 only
  B. 1 and 3 only
  C. 2 and 4 only
  D. 3 and 4 only
  B. 1 and 3 only

• Question 8:

  In the years after the mind-service point of a depreciable asset which of the following depreciation methods will result in the highest depreciation expense?

  A. Sum of the years' digits
  B. Declining balance
  C. Double-declining balance
  D. Straight line
  A. Sum of the years' digits

• Question 9:

  In which of the following plans is an employee most likely to find guidance on action and performance standards?

  A. Operational plans.
  B. Tactical plans.
  C. Strategic plans.
  D. Mission plans.
  A. Operational plans.

• Question 10:

  According to IIA guidance, which of the following statements is true with regard to workstation computers that access company information stored on the network?

  A. individual workstation computer controls are not as important as company wide server controls.
  B. Particular attention should be paid to housing workstations away from environmental hazards.
  C. Cyber security issues can be controlled at an enterprise level making workstation level controls redundant
  D. With security risks near an all-time high workstations should not be connected to the company network
  B. Particular attention should be paid to housing workstations away from environmental hazards.