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

• Question 81:

  Which of the following describes the most appropriate set of tests for auditing a workstation's logical access controls?

  A. Review the list of people with access badges to the room containing the workstation and a log of those who accessed the room.

  B. Review the password length, frequency of change, and list of users for the workstation's login process.

  C. Review the list of people who attempted to access the workstation and failed, as well as error messages.

  D. Review the passwords of those who attempted unsuccessfully to access the workstation and the log of their activity.

  Correct Answer: B

• Question 82:

  Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?

  A. Market price.

  B. Negotiation-based.

  C. Full absorption cost

  D. Variable cost

  Correct Answer: A

• Question 83:

  Which of the following are the most common characteristics of big data?

  A. Visibility, validity, vulnerability

  B. Velocity, variety volume.

  C. Complexity completeness constancy

  D. Continuity, control convenience

  Correct Answer: B

• Question 84:

  Which of the following statements is true regarding cybersecurity risk?

  A. Cybersecurity risks are identical across all organizations regardless of industry

  B. Installation of antivirus and malware software prevents cybersecurity risks

  C. Deployment of proper cybersecurity measures assures business success

  D. Information value extends the emergence of cybersecurity risks

  Correct Answer: C

• Question 85:

  An organization has a complex systems infrastructure consisting of multiple internally developed, off the shelf, and purchased but significantly customized applications. Some of these applications share databases or process data that is used by another stand-alone application, and interfaces have been written to move data between these applications as needed through batch processing Which of the following situations presents the greatest risk exposure given this environment?

  A. Documentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.

  B. Batch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.

  C. The job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.

  D. The implementation of a major update for a key application is delayed until any potential interdependencies are identified and analyzed.

  Correct Answer: A

• Question 86:

  An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

  A. 26 days.

  B. 90 days.

  C. 100 days.

  D. 110 days.

  Correct Answer: B

• Question 87:

  Which of the following IT controls includes protection for mainframe computers and workstations?

  A. Change management controls

  B. Physical and environmental controls.

  C. System software controls

  D. Organization and management controls

  Correct Answer: B

• Question 88:

  An organization's account for office supplies on hand had a balance of S9,000 at the end of year one. During year two. the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

  A. A debit to office supplies on hand for S2.500

  B. A debit to office supplies on hand for $11,500

  C. A debit to office supplies on hand for S20.500

  D. A debit to office supplies on hand for S42.500

  Correct Answer: A

• Question 89:

  According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

  A. Report identifying data that is outside of system parameters

  B. Report identifying general ledger transactions by time and individual

  C. Report comparing processing results with original input

  D. Report confirming that the general ledger data was processed without error.

  Correct Answer: B

• Question 90:

  When management uses the absorption costing approach, fixed manufacturing overhead costs are classified as which of the following types of costs?

  A. Direct product costs

  B. Indirect product costs

  C. Direct period costs

  D. Indirect period costs.

  Correct Answer: A