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

• Question 121:

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

  A. Data is synchronized in real lime

  B. Recovery time is expected to be less than one week

  C. Servers are not available and need to be procured

  D. Recovery resources and data restore processes have not been defined

  Correct Answer: C

• Question 122:

  An organization accomplishes its goal to obtain a 40 percent share of the domestic market, but is unable to get the desired return on investment and output per hour of labor. Based on this information the organization is most likely focused on which of the following?

  A. Capital investment and not marketing

  B. Marketing and not capital investment.

  C. Efficiency and not input economy.

  D. Effectiveness and not efficiency.

  Correct Answer: D

• Question 123:

  Which of the following accounting methods is an investor organization likely to use when buying 40 percent of the stock of another organization?

  A. Cost method

  B. Equity method

  C. Consolidation method

  D. Fair value method

  Correct Answer: B

• Question 124:

  According to MA guidance on IT. which of the following best describes a logical access control?

  A. Require complex passwords to be established and changed quarterly

  B. Require swipe cards to control entry into secure data centers

  C. Monitor access to the data center with closed circuit camera surveillance.

  D. Maintain current role definitions to ensure appropriate segregation of duties

  Correct Answer: A

• Question 125:

  In the current year, a merchandising organization had an inventory turnover ratio of 3.0, which was less than the industry average of 6.5. Which of the following offers the most likely explanation for this difference?

  A. The organization has understated the amount of inventory in its financial statements

  B. The organization has overstated the cost of purchases in its financial statements.

  C. The organization is holding obsolete or damaged items in its inventory

  D. The organization experienced an unexpectedly large increase in sales shortly before year end.

  Correct Answer: C

• Question 126:

  Which of the following budgets serves as a basis for the budgeted income statement?

  A. All financial budgets

  B. All operating budgets

  C. Only the cash budget and budgeted balance sheet

  D. Only the sales and production budgets

  Correct Answer: B

• Question 127:

  According to MA guidance, which of the following would indicate poor change management control? 1) Low change success rate

  2) Occasional planned outages 3) Low number of emergency changes. 4) Instances of unauthorized changes

  A. 1 and 3

  B. 1 and 4

  C. 2 and 3

  D. 2 and 4

  Correct Answer: B

• Question 128:

  An internal auditor is assessing the risks related to an organization's mobile device pokey She notes that the organization allows third parties (vendors and visitors) to use outside smart devices to access its proprietary networks and systems Which of the following types of smart device risks should the internal auditor be most concerned about?

  A. Compliance

  B. Privacy

  C. Strategic

  D. Physical security.

  Correct Answer: A

• Question 129:

  An organization has a total asset turnover of 3.0 times and a total debt-to-total assets ratio of 80 percent. If the organization has total debt of $1 000 000 what is the organization's sales level?

  A. $266.667

  B. $416,667

  C. $3.750.000

  D. $5 000.000

  Correct Answer: C

• Question 130:

  Which of the following risks would involve individuals attacking an oil company's IT system as a sign of solidarity against drilling in a focal area?

  A. Tampering

  B. Hacking

  C. Phishing

  D. Piracy

  Correct Answer: B