IIA-CIA-PART3-3P Online Practice Questions and Answers

Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?

A. Submit batches of test transactions through the current system and verify with expected results.

B. Use a test program to simulate the normal data entering process.

C. Select a sample of records from the database and ensure it matches supporting documentation.

D. Evaluate compliance with the organization's change management process.

Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?

A. Political.

B. Financial.

C. Social.

D. Tariff.

Technological uncertainty, subsidy, and spin-offs are usually characteristics of:

A. Fragmented industries.

B. Declining industries.

C. Mature industries.

D. Emerging industries.

What are the objectives of governance as defined by the Standards?

A. Inform, direct, manage, and monitor.

B. Identify, assess, manage, and control.

C. Organize, assign, authorize, and implement.

D. Add value, improve, assure, and conform.

According to the Standards, which of the following is based on the assertion that the quality of an organization's risk management process should improve with time?

A. Process element.

B. Key principles.

C. Maturity model.

D. Assurance.

What would be the effect if an organization paid one of its liabilities twice during the year in error?

A. Assets liabilities and owners' equity would be understated

B. Assets net income and owners' equity would be unaffected

C. Assets and liabilities would be understated

D. Assets net income and owners' equity would be understated, but liabilities would be overstated

Which of me following storage options would give the organization the best chance of recovering data?

A. Encrypted physical copies of the data and their encryption keys are stored together at the organization and are readily available upon request

B. Encrypted physical copies of the data are stored separately from their encryption keys and both are held in secure locations a few hours away from me organization

C. Encrypted reports on usage and database structure changes are stored on a cloud- based. secured database that is readily accessible

D. Encrypted copies of the data are stored in a separate secure location a few hours away while the encryption keys are stored at the organization and are readily available

A rapidly expanding retail organization continues to be tightly controlled by its original small management team. Which of the following is a potential risk in this vertically centralized organization?

A. Lack of coordination among different business units.

B. Operational decisions are inconsistent with organizational goals.

C. Suboptimal decision-making.

D. Duplication of business activities.

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

Which of the following statements about mentoring is true?

1) Mentoring can be used effectively for increasing employee retention

2) Mentoring can be used effectively in reducing employees frustration.

3) Mentoring can be used effectively for increasing organization communication.

4) Mentoring can be used effectively as a short term activity consisting of instruction and training

A. 1 2. and 3 only.

B. 1. 2 and 4 only

C. 1, 3. and 4 only.

D. 1,2. 3, and 4