Free IIA IIA-CIA-Part3-3P Practice Exam with Questions & Answers | Set: 13

According to the Standards, the internal audit activity must evaluate risk exposures relating to which of the following when examining an organization's risk management process?

1) Organizational governance.

2) Organizational operations.

3) Organizational information systems.

4) Organizational structure.

Which of the following would provide the most relevant assurance that the application under development will provide maximum value to the organization?

Under a value-added taxing system:

Which of the following best describes the concept of relevant cost?

Capacity overbuilding is most likely to occur when management is focused on which of the following?

An organization uses a database management system (DBMS) as a repository for data. The DBMS, in turn, supports a number of end-user developed applications which were created using fourth-generation programming languages. Some of the applications update the database. Which of the following is the most important control related to the integrity of the data in the database?

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?

Where complex problems need to be addressed, which of the following communication networks would be most appropriate?

In which type of business environment are price cutting strategies and franchising strategies most appropriate?

An organization engages in questionable financial reporting practices due to pressure to meet unrealistic performance targets. Which internal control component is most negatively affected?