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

IIA IIA-CIA-PART3 Online Questions & Answers

• Question 941:

  According to IIA guidance on IT, which of the following statements is true regarding websites used in e-commerce transactions?

  A. HTTP sites provide sufficient security to protect customers' credit card information.
  B. Web servers store credit cardholders' information submitted for payment.
  C. Database servers send cardholders' information for authorization in clear text.
  D. Payment gateways authorize credit card online payments.
  D. Payment gateways authorize credit card online payments.

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  Explanation

• Question 942:

  Which of the following application controls is the most dependent on the password owner?

  A. Password selection.
  B. Password aging.
  C. Password lockout.
  D. Password rotation.
  A. Password selection.

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  Explanation

• Question 943:

  Which of the following scenarios best illustrates a spear phishing attack?

  A. Numerous and consistent attacks on the company's website caused the server to crash and service was disrupted
  B. A person posing as a representative of the company's IT help desk called several employees and played a generic prerecorded message requesting password data
  C. A person received a personalized email regarding a golf membership renewal, and he clicked a hyperlink to enter his credit card data into a fake website
  D. Many users of a social network service received fake notifications of a unique opportunity to invest in a new product
  C. A person received a personalized email regarding a golf membership renewal, and he clicked a hyperlink to enter his credit card data into a fake website

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  Explanation

• Question 944:

  Which of the following is most important for an internal auditor to check with regard to the database version?

  A. Verify whether the organization uses the most recent database software version.
  B. Verify whether the database software version is supported by the vendor.
  C. Verify whether the database software version has been recently upgraded.
  D. Verify whether access to database version information is appropriately restricted.
  D. Verify whether access to database version information is appropriately restricted.

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  Explanation

• Question 945:

  During which phase of the contracting process are contracts drafted for a proposed business activity?

  A. Initiation phase.
  B. Bidding phase.
  C. Development phase.
  D. Management phase.
  A. Initiation phase.

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  Explanation

• Question 946:

  Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?

  A. Observation.
  B. Inspection.
  C. Original cost.
  D. Vouching.
  B. Inspection.

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  Explanation

• Question 947:

  An organization has recorded the following profit and expenses: Profit before interest and tax $200,000 Sales $2,300,000 Purchases of materials $700,000 Interest expenses $30,000

  If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?

  A. $34,000
  B. $51,000
  C. $60,000
  D. $320,000
  D. $320,000

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  Explanation

• Question 948:

  A country has a comparative advantage in international trade when

  A. Firms in the country have a lower cost of production because of natural resources.
  B. It has an absolute advantage with respect to at least one input to production.
  C. Firms in the country have a lower cost of production because of transportation and other geographic factors.
  D. It produces whatever it can produce most efficiently.
  D. It produces whatever it can produce most efficiently.

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  Explanation

  A country has a comparative advantage when it can achieve a lower cost of production due to a focus on and a cooperative specialization in a particular product. The greatest advantage from trade is obtained when each nation specializes in producing what it can produce most efficiently. If nations specialize and then exchange with others, more is produced and consumed than if each nation tries to be self-sufficient. Specialization of labor is beneficial for individuals; the same principle applies to nations.

• Question 949:

  A staff auditor is technically outstanding and works well with audit clients but is not good at leading an audit team. To improve the auditor's performance, the auditor should be:

  A. Put in charge of the biggest project; the only way to learn is by performing the task.
  B. Put in charge of small projects with set milestones and a fully trained staff.
  C. Sent to school for management theory classes.
  D. Left alone and given assignments that accentuate personal strengths and avoid personal weaknesses.
  B. Put in charge of small projects with set milestones and a fully trained staff.

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  Explanation

  The auditor can learn to lead small teams, which will in turn prepare him or her to lead larger projects.

• Question 950:

  For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?

  1. It significantly raises compensation and staffing costs.

  2. It produces resentment among the organization's employees in host countries.

  3. It limits career mobility for parent-country nationals.

  4. It can lead to cultural myopia.

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

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  Explanation