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

IIA IIA-CIA-PART3 Online Questions & Answers

• Question 871:

  An internal auditor reviews a data population and calculates the mean, median, and range.

  What is the most likely purpose of performing this analytic technique?

  A. To inform the classification of the data population.
  B. To determine the completeness and accuracy of the data.
  C. To identify whether the population contains outliers.
  D. To determine whether duplicates in the data inflate the range.
  C. To identify whether the population contains outliers.

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  Explanation

• Question 872:

  Which of the following job design techniques would most likely be used to increase employee motivation through job responsibility and recognition?

  A. Job complicating
  B. Job rotation
  C. Job enrichment
  D. Job enlargement
  C. Job enrichment

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  Explanation

  Understanding Job Enrichment:

  Job enrichment is a job design technique that increases motivation by adding meaningful responsibilities, autonomy, and recognition to a job.

  It aligns with Herzberg's Two-Factor Theory, which suggests that responsibility and recognition are key motivators.

  How Job Enrichment Increases Employee Motivation:

  Increases Autonomy: Employees are given more decision-making power, leading to a stronger sense of ownership.

  Provides Recognition: Workers receive direct feedback and acknowledgment for their contributions.

  Encourages Skill Development: Employees handle more complex tasks, improving job satisfaction and career growth opportunities .

  Why Other Options Are Incorrect:

  Option A: Job complicating - Incorrect, as this is not a recognized job design technique; increasing job difficulty does not improve motivation.

  Option B: Job rotation - Incorrect, as job rotation involves shifting employees between different tasks to reduce monotony, but it does not necessarily increase job responsibility or recognition.

  Option D: Job enlargement - Incorrect, as job enlargement adds more tasks at the same skill level, increasing workload without necessarily improving responsibility or recognition.

  IIA's Perspective on Employee Motivation and Organizational Success:

  IIA Standard 2120 - Risk Management states that internal auditors should evaluate employee engagement strategies, including job design techniques .

  COSO ERM Framework emphasizes that motivated employees contribute to operational efficiency and organizational success .

  IIA References:

  IIA Standard 2120 - Risk Managementand; Employee Motivation

  Herzberg's Two-Factor Theory - Motivation through Responsibility and Recognition

  COSO ERM - Employee Engagement and Organizational Performance

  Thus, the correct and verified answer is C. Job enrichment.

• Question 873:

  Which of the following statements is true regarding activity-based costing (ABC)?

  A. An ABC costing system is similar to conventional costing systems in how it treats the allocation of manufacturing overhead.
  B. An ABC costing system uses a single unit-level basis to allocate overhead costs to products.
  C. An ABC costing system may be used with either a job order or a process cost accounting system.
  D. The primary disadvantage of an ABC costing system is less accurate product costing.

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  Explanation

• Question 874:

  A brand manager in a consumer food products organization suspected that several days of the point-of- sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

  A. Sort on product identification code and identify missing product identification codes.
  B. Review store identification code and identify missing product identification codes.
  C. Compare product identification codes for consecutive periods.
  D. Compare product identification codes by store for consecutive periods.
  D. Compare product identification codes by store for consecutive periods.

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  Explanation

• Question 875:

  According to IIA guidance on IT, which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?

  A. Formulas and static data are locked or protected.
  B. The spreadsheet is stored on a network server that is backed up daily.
  C. The purpose and use of the spreadsheet are documented.
  D. Check-in and check-out software is used to control versions.
  A. Formulas and static data are locked or protected.

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  Explanation

• Question 876:

  Which of the following is a staff position in the bank?

  A. The manager of customer service-checking, the department that handles checking account inquiries and transactions.
  B. The directory of personnel, the department that handles the hiring, firing, promotion, etc., of all employees.
  C. The chief loan officer, who is in charge of final approval of all loans.
  D. The vice president in charge of the mortgage department, which handles mortgages on business and residential property.
  B. The directory of personnel, the department that handles the hiring, firing, promotion, etc., of all employees.

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  Explanation

  Staff positions in any organization advise and support the line positions. They indirectly help to achieve the organization's basic objective. Each staff position's authority is, at most, functional. Such authority is exercised only over activities related to the staff's function or specialty.

• Question 877:

  in which of the following technical infrastructure audits should attention be turned to physical security and environmental controls?

  A. Database review
  B. Data center review
  C. Network configuration review
  D. Operating systems review
  B. Data center review

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  Explanation

• Question 878:

  According to research on path-goal leadership styles done in many countries, which styles are neither the most nor the least accepted internationally?

  A. Directive II. Supportive III. Participative IV. Achievement-oriented
  B. l and II.
  C. l and Ill.
  D. II and IV.
  E. Ill and IV.
  C. l and Ill.

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  Explanation

  The participative style, although not always the best, is the most widely accepted internationally. The directive style is the least accepted internationally. It was not deemed appropriate in the U.S., U.K., Canada, Australia, Germany, and Sweden. Theachievement orientedstyle was found unacceptable in such countries as Brazil, France, Italy, and Japan. The supportive style was not accepted in such countries as Brazil, France, India, and Sweden.

• Question 879:

  A firm that manufactures refrigerators sold ice boxes in urban areas of less developed countries. Many residents lacked electricity to power refrigerators but could purchase blocks of ice from local vendors for use in ice boxes. According to Keegan's model of adaptation strategies, this firm adopted a strategy of

  A. Product adaptation.
  B. Dual adaptation.
  C. Backward invention.
  D. Forward invention.
  C. Backward invention.

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  Explanation

  Using a product invention strategy, a new product is created specifically for a certain country or regional market. A product may either include advancements for developed countries or have certain elements removed in places where a lower cost is a key selling point. Thus, an ice box, a precursor of the modern refrigerator, is a backward invention.

• Question 880:

  All of the following are skills that managers must focus on when attempting to manage time properly except:

  A. The ability to focus on results.
  B. Striving to stay busy.
  C. Concentrating time and energy on tasks with the highest payoffs.
  D. The ability to plan, delegate, organize, direct, and control.
  B. Striving to stay busy.

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  Explanation

  To function effectively, managers must learn to manage time properly. The key principle is to focus on results rather than on staying busy. Time management is actually self- management. The skills needed to manage others are the same skills needed to manage oneself. Time management requires self-discipline and control until it becomes an everyday habit.