How to Pass the IIA IIA-CIA-Part3 Exam: Comprehensive Business Knowledge for Internal Auditing Guide and Tips

Name: How to Pass IIA-CIA-Part3 Exams
Brand: Examstrack
SKU: iia-cia-part3
Price: 42 USD
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Questions 41

An IT auditor is evaluating IT controls of a newly purchased information system. The auditor discovers that logging is not configured al database and application levels. Operational management explains that they do not have enough personnel to manage the logs and they see no benefit in keeping logs. Which of the fallowing responses best explains risks associated with insufficient or absent logging practices?

Options:

The organization will be unable to develop preventative actions based on analytics.

The organization will not be able to trace and monitor the activities of database administers.

The organization will be unable to determine why intrusions and cyber incidents took place.

The organization will be unable to upgrade the system to newer versions.

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Questions 42

A large retail customer made an offer to buy 10.000 units at a special price of $7 per unit. The manufacturer usually sells each unit for §10, Variable Manufacturing costs are 55 per unit and fixed manufacturing costs are $3 per unit. For the manufacturer to accept the offer, which of the following assumptions needs to be true?

Options:

Fixed and Variable manufacturing costs are less than the special offer selling price.

The manufacturer can fulfill the order without expanding the capacities of the production facilities.

Costs related to accepting this offer can be absorbed through the sale of other products.

The manufacturer’s production facilities are currently operating at full capacity.

Questions 43

Which of the following statements distinguishes a router from a typical switch?

Options:

A router operates at layer two. while a switch operates at layer three of the open systems interconnection model.

A router transmits data through frames, while a switch sends data through packets.

A router connects networks, while a switch connects devices within a network.

A router uses a media access control address during the transmission of data, whie a switch uses an internet protocol address.

Questions 44

The board of directors wants to implement an incentive program for senior management that is specifically tied to the long-term health of the organization. Which of the following methods of compensation would be best to achieve this goal?

Options:

Commissions.

Stock options

Gain-sharing bonuses.

Allowances

Questions 45

Which of the following disaster recovery plans includes recovery resources available at the site, but they may need to be configured to support the production system?

Options:

Warm site recovery plan.

Hot site recovery plan.

Cool site recovery plan.

Cold site recovery plan.

Questions 46

A restaurant decided to expand its business to include delivery services, rather than relying on third-party food delivery services. Which of the following best describes the restaurants strategy?

Options:

Diversification

Vertical integration

Risk avoidance

Differentiation

Questions 47

An internal auditor considers the financial statement of an organization as part of a financial assurance engagement. The auditor expresses the organization's electricity and depreciation expenses as a percentage of revenue to be 10% and 7% respectively. Which of the following techniques was used by the internal auditor In this calculation?

Options:

Horizontal analysis

Vertical analysis

Ratio analysis

Trend analysis

Questions 48

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

Options:

Verify whether the organization uses the most recent database software version.

Verify whether the database software version is supported by the vendor.

Verify whether the database software version has been recently upgraded.

Verify whether .access to database version information is appropriately restricted.

Questions 49

An organization produces products X and Y. The materials used for the production of both products are limited to 500 Kilograms

IIA-CIA-Part3 Question 49

(kg ) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows in order to maximize profit, how much of product Y should the organization produce each month?

$10 $13

2 kg

70 units

6 kg

120 units

Options:

50 units

60 units

70 units

1:20 units

Questions 50

According to 11A guidance on it; which of the following statements is true regarding websites used in e-commerce transactions?