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

• Question 301:

  What must be monitored in order to manage risk of consumer product inventory obsolescence?

  1) Inventory balances.

  2) Market share forecasts.

  3) Sales returns.

  4) Sales trends.

  A. 1 only

  B. 4 only

  C. 1 and 4 only

  D. 1, 2, and 3 only

  Correct Answer: C

• Question 302:

  Which of the following application-based controls is an example of a programmed edit check?

  A. Reasonableness check.

  B. Transaction log.

  C. Input error correction.

  D. Authorization for access.

  Correct Answer: A

• Question 303:

  Listening effectiveness is best increased by:

  A. Resisting both internal and external distractions.

  B. Waiting to review key concepts until the speaker has finished talking.

  C. Tuning out messages that do not seem to fit the meeting purpose.

  D. Factoring in biases in order to evaluate the information being given.

  Correct Answer: A

• Question 304:

  Which of the following is an example of a nonfinancial internal failure quality cost?

  A. Decreasing gross profit margins over time.

  B. Foregone contribution margin on lost sales.

  C. Defective units shipped to customers.

  D. Excessive time to convert raw materials into finished goods.

  Correct Answer: D

• Question 305:

  Which of the following does not provide operational assurance that a computer system is operating properly?

  A. Performing a system audit.

  B. Making system changes.

  C. Testing policy compliance.

  D. Conducting system monitoring.

  Correct Answer: B

• Question 306:

  Which of the following statements is false regarding the internal audit approach when a set of standards other than The IIA's Standards is applicable to a specific engagement?

  A. The internal auditor may cite the use of other standards during audit communications.

  B. If the other standards are government-issued, the internal auditor should apply them in conjunction with The IIA's Standards.

  C. If there are inconsistencies between the other standards and The IIA's Standards, the internal auditor must use the more restrictive standards.

  D. If there are inconsistencies between the other standards and The IIA's Standards, the internal auditor must use the less restrictive standards.

  Correct Answer: D

• Question 307:

  When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?

  A. Access is approved by the supervising manager.

  B. User accounts specify expiration dates and are based on services provided.

  C. Administrator access is provided for a limited period.

  D. User accounts are deleted when the work is completed.

  Correct Answer: B

• Question 308:

  Which of the following is the most appropriate test to assess the privacy risks associated with an organization's workstations?

  A. Penetration test.

  B. Social engineering test.

  C. Vulnerability test.

  D. Physical control test.

  Correct Answer: D

• Question 309:

  All of the following are true with regard to the first-in, first-out inventory valuation method except: A. It values inventory close to current replacement cost.

  B. It generates the highest profit when prices are rising.

  C. It approximates the physical flow of goods.

  D. It minimizes current-period income taxes.

  Correct Answer: D

• Question 310:

  Which of the following statements regarding database management systems is not correct?

  A. Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.

  B. The database management system acts as a layer between the application software and the operating system.

  C. Applications pass on the instructions for data manipulation which are then executed by the database management system.

  D. The data within the database management system can only be manipulated directly by the database management system administrator.

  Correct Answer: D