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

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

• Question 311:

  Which of the following types of data analytics would be used by a hospital to determine which patients are likely to require readmittance for additional treatment?

  A. Predictive analytics
  B. Prescriptive analytics
  C. Descriptive analytics
  D. Diagnostic analytics
  A. Predictive analytics

• Question 312:

  When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?

  1) Management's tolerance for specific risks. 2) The cost versus benefit of implementing a control. 3) Whether a control can mitigate multiple risks. 4) The ability to test the effectiveness of the control.

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

• Question 313:

  An organization had three large centralized divisions: one that received customer orders for service work; one that scheduled the service work at customer locations; and one that answered customer calls about service problems. These three divisions were restructured into seven regional groups, each of which performed all three functions. One advantage of this restructuring would be:

  A. Better internal controls.
  B. Greater economies of scale.
  C. Improved work flow.
  D. Increased specialization.
  C. Improved work flow.

• Question 314:

  An internal auditor reviewed Finance Department records to obtain a list of current vendor addresses The auditor then compared the vendor addresses to a record of employee addresses maintained by the Payroll Department Which of the following types of data analysis did the auditor perform?

  A. Duplicate testing.
  B. Joining data sources
  C. Gap analysis
  D. Classification
  D. Classification

• Question 315:

  Which of me following is true of matrix organizations?

  A. A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager
  B. A combination of product and functional departments allows management lo utilize personnel from various functions
  C. Authority responsibility and accountability of the units involved may vary based on the project's life, or the organization's culture
  D. It is best suited for firms with scattered locations or for multi-lira. large-scale firms
  B. A combination of product and functional departments allows management lo utilize personnel from various functions

• Question 316:

  Organizational activities that complement each other and create a competitive advantage are called a:

  A. Merger.
  B. Strategic fit.
  C. Joint venture.
  D. Strategic goal.
  B. Strategic fit.

• Question 317:

  Which of the following statements is correct regarding corporate compensation systems and related bonuses?

  1) A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.

  2) Compensation systems are not part of an organization's control system and should not be reported as such.

  3) An audit of an organization's compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

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

• Question 318:

  Which of the following control techniques would minimize the risk of interception during transmission in an electronic data interchange system?

  1) Encryption.

  2) Traffic padding.

  3) Edit checks.

  4) Structured data format.

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

• Question 319:

  Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?

  A. The cost of goods sold for the period will be understated.
  B. The cost of goods sold for the period will be overstated.
  C. The net income for the period will be understated.
  D. There will be no effect on the cost of goods sold or the net income for the period.
  B. The cost of goods sold for the period will be overstated.

• Question 320:

  Which of the following application controls checks the integrity of data entered into a business application?

  A. Input controls.
  B. Output controls
  C. Processing controls
  D. Integrity controls
  A. Input controls.