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

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

• Question 211:

  Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B: If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:

  A. $100
  B. $200
  C. $300
  D. $500
  A. $100

• Question 212:

  According to IIA guidance, which of the following is the correct order to conduct a business impact analysis (BIA) for the potential loss of an organization's network services''

  1.

  identify resources and partners to provide required recovery services

  2.

  Identify the business processes supporting the network functionality

  3.

  Obtain approval of the BIA from the operating managers relative to their areas of responsibility

  4.

  Identify the business impact if the network services cannot be performed

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

• Question 213:

  Which of the following concepts of managerial accounting is focused on allocating overheads to products?

  A. Theory of constraints
  B. Just-in-time method
  C. Activity-based costing
  D. Break-even analysis
  C. Activity-based costing

• Question 214:

  An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Which of the following approaches is most appropriate to address this concern?

  A. The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.
  B. The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.
  C. The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.
  D. The organization should work with the service provider to review the current agreement and expectations relating to objectives, processes, and overall performance.
  B. The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.

• Question 215:

  Which of the following costs would be incurred in an inventory stockout?

  A. Lost sales, lost customers, and backorder.
  B. Lost sales, safety stock, and backorder.
  C. Lost customers, safety stock, and backorder.
  D. Lost sales, lost customers, and safety stock.
  A. Lost sales, lost customers, and backorder.

• Question 216:

  An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

  A. Interviewing the organization's employees.
  B. Observing the organization's operations.
  C. Reading the board's minutes.
  D. Inspecting manuals and documents.
  C. Reading the board's minutes.

• Question 217:

  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
  B. 1 and 4

• Question 218:

  At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?

  A. Prior to testing the new application.
  B. During testing of the new application.
  C. During implementation of the new application.
  D. During maintenance of the new application.
  A. Prior to testing the new application.

• Question 219:

  Which of the following is based on the concept that there is not one best leadership style and that successful leadership depends on a match between the leader, the situation, and the subordinate?

  A. Attribute theory.
  B. Path goal model
  C. Life cycle model
  D. Contingency theory
  D. Contingency theory

• Question 220:

  According to Maslow's hierarchy of needs theory, which of the Mowing best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?

  A. Esteem by colleagues
  B. Sell-fulfillment
  C. Sense of belonging in the organization
  D. Job security
  B. Sell-fulfillment