Free IIA IIA-CIA-Part3-3P Practice Exam with Questions & Answers | Set: 12

Name: How to Pass IIA-CIA-Part3-3P Exams
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Questions 111

Which of the following conflict resolution methods should be applied when the intention of the parties is to solve the problem by clarifying differences and attaining everyone's objectives?

Options:

Accommodating.

Compromising.

Collaborating.

Competing.

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Questions 112

Which of the following is true regarding an organization's relationship with external stakeholders?

Options:

Specific guidance must be followed when interacting with nongovernmental organizations.

Disclosure laws tend to be consistent from one jurisdiction to another.

There are several internationally recognized standards for dealing with financial donors.

Legal representation should be consulted before releasing internal audit information to other assurance

Questions 113

The main reason to establish internal controls in an organization is to:

Options:

Encourage compliance with policies and procedures.

Safeguard the resources of the organization.

Ensure the accuracy, reliability, and timeliness of information.

Provide reasonable assurance on the achievement of objectives.

Questions 114

Which of the following costs would be incurred in an inventory stockout?

Options:

Lost sales, lost customers, and backorder.

Lost sales, safety stock, and backorder.

Lost customers, safety stock, and backorder.

Lost sales, lost customers, and safety stock.

Questions 115

Which of the following statements is correct regarding corporate compensation systems and related bonuses?

1) A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.

2) Compensation systems are not part of an organization's control system and should not be reported as such.

3) An audit of an organization's compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

Options:

1 only

2 only

3 only

2 and 3 only

Questions 116

Which of the following is an element of effective negotiating?

Options:

Ensuring that the other party has a personal stake in the agreement.

Focusing on interests rather than on obtaining a winning position.

Considering a few select choices during the settlement phase.

Basing the agreement on negotiating power and positioning leverage.

Questions 117

One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:

Options:

Program versions are synchronized across the network.

Emergency move procedures are documented and followed.

Appropriate users are involved in program change testing.

Movement from the test library to the production library is controlled.

Questions 118

If a bank's activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?

Options:

Product departmentalization.

Process departmentalization.

Functional departmentalization.

Customer departmentalization.

Questions 119

Which stage in the industry life cycle is characterized by many different product variations?

Options:

Introduction.

Growth.

Maturity.

Decline.