[Feb 17, 2024] IIA-CIA-Part3-3P Test Prep Training Practice Exam Questions Practice Tests
Exam Questions Answers Braindumps IIA-CIA-Part3-3P Exam Dumps PDF Questions
NEW QUESTION # 260
An internal auditor is evaluating an organization's business continuity management program According to the guidance on IT. which of the following tests would best demonstrate the ability to perform Key processes without significant problems?
- A. Desk check testing
- B. Tabletop or boardroom-style testing
- C. IT systems and application walkthrough
- D. End-to-end testing
Answer: D
NEW QUESTION # 261
An organization produces two products, X and Y.
The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows:
Product X
Product Y
Selling price per unit
$10
$13
Materials per unit (at $1/kg)
2 kg
6 kg
Monthly demand
100 units
120 units
In order to maximize profit, how much of product Y should the organization produce each month?
- A. 100 units.
- B. 50 units.
- C. 60 units.
- D. 120 units.
Answer: B
NEW QUESTION # 262
Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?
- A. The risk that proprietary information is not deleted from the device when an employee leaves.
- B. The risk that an organization intrusively monitors personal information stored on smart devices.
- C. The risk that smart devices can be lost or stolen due to their mobile nature.
- D. The risk that users try to bypass controls and do not install required software updates.
Answer: B
NEW QUESTION # 263
Which of the following should be included m a company's year-end inventory valuation?
- A. Goods purchased by the company free on board destination mat have not yet been received
- B. Company goods tor sale on consignment at a consignment shop
- C. Company goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer
- D. Goods on consignment, which the company is trying to sell for its customers
Answer: C
NEW QUESTION # 264
When would a contract be closed out?
- A. When there's a dispute between the contracting parties.
- B. When all contractual obligations have been discharged.
- C. When the termination clause is enacted.
- D. When there is a force majeure.
Answer: B
NEW QUESTION # 265
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?
- A. $1,200,000
- B. $850,000
- C. $500,000
- D. $350,000
Answer: C
NEW QUESTION # 266
Which of the following is a key component of an organization's cybersecurity governance?
- A. Senior management of the organization setting the cybersecurity policy
- B. Management identifying and classifying the types of critical data in the organization's system
- C. Administrators monitoring the use, assignment and configuration of privileges on the network.
- D. The IT department establishing implementing, and actively managing security configurations.
Answer: A
NEW QUESTION # 267
In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?
- A. An increase in the cost of capital.
- B. A higher cost per unit sold.
- C. A tougher collections policy that reduces the bad debt loss ratio.
- D. A longer average collection period.
Answer: C
NEW QUESTION # 268
Which of the following statements regarding program change management is not correct?
- A. The goal of the change management process is to sustain and improve organizational operations.
- B. In order to protect the production environment, changes must be managed in a repeatable, defined, and predictable manner.
- C. The degree of risk associated with a proposed change determines if the change request requires authorization.
- D. All changes should be tested in a non-production environment before migrating to the production environment.
Answer: C
NEW QUESTION # 269
Which of the following activities best illustrates a user's authentication control?
- A. Functions can be performed based on access rights.
- B. Logs are checked for misaligned identities and access rights.
- C. Users have to validate their identity with a smart card.
- D. Identity requests are approved in two steps.
Answer: D
NEW QUESTION # 270
Which of the following is the best approach to overcome entry barriers into a new business?
- A. Offer a standard product that is targeted in the recognized market.
- B. Enter into a slow-growing market.
- C. Use an established distribution relationship.
- D. Invest in commodity or commodity-like product businesses.
Answer: C
NEW QUESTION # 271
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. Classification
- C. Joining data sources
- D. Gap analysis
Answer: C
NEW QUESTION # 272
One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:
- A. Emergency move procedures are documented and followed.
- B. Program versions are synchronized across the network.
- C. Movement from the test library to the production library is controlled.
- D. Appropriate users are involved in program change testing.
Answer: B
NEW QUESTION # 273
A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25,000 shirts. Actual sales total $300,000.
What is margin of safety sales for the company?
- A. $500,000
- B. $200,000
- C. $100,000
- D. $275,000
Answer: B
NEW QUESTION # 274
An internal audit manager is explaining to a newly hired staff auditor the various analytics techniques frequently used by the internal audit activity Which of the following statements is true regarding these analytics techniques?
- A. Data mining is a type of data analysis that focuses on finding statistical relationships in order to create profiles
- B. Data mining involves examining small amounts of structured data in a systematic manner
- C. Process analysis is a type of data mining where the data subject is a designated area of a process
- D. Process mining is a type of data analysts where the data subject is a process
Answer: A
NEW QUESTION # 275
Which of the following is true regarding an organization's relationship with external stakeholders?
- A. Specific guidance must be followed when interacting with nongovernmental organizations.
- B. Disclosure laws tend to be consistent from one jurisdiction to another.
- C. There are several internationally recognized standards for dealing with financial donors.
- D. Legal representation should be consulted before releasing internal audit information to other assurance
Answer: D
NEW QUESTION # 276
The leadership of an organization encourages employees to form voluntary problem-solving groups whereby several employees from the same work area meet regularity during work hours to discuss improvements and creative ways to reduce costs. Which of the following best describes this approach?
- A. Quality control circles
- B. Self-managed teams
- C. Cross-functional teams
- D. Open-book management
Answer: B
NEW QUESTION # 277
Which of the following local area network physical layouts is subject to the greatest risk of failure if one device fails?
- A. Mesh network.
- B. Token ring network.
- C. Bus network.
- D. Star network.
Answer: B
NEW QUESTION # 278
Which of the following is not a barrier to effective communication?
- A. Filtering.
- B. Lack of source credibility.
- C. Communication overload.
- D. Similar frames of reference.
Answer: D
NEW QUESTION # 279
Which of the following IT controls includes protection for mainframe computers and workstations?
- A. Physical and environmental controls.
- B. Change management controls
- C. System software controls
- D. Organization and management controls
Answer: A
NEW QUESTION # 280
Which of the following devices best controls both physical and logical access to information systems?
- A. Electromechanical lock.
- B. Identification card.
- C. Plenum.
- D. Biometric lock.
Answer: D
NEW QUESTION # 281
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