Free IIA IIA-CIA-Part3-3P Practice Exam with Questions & Answers | Set: 2

Name: How to Pass IIA-CIA-Part3-3P Exams
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Questions 11

An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500. Which of the following statements is true regarding this transaction?

Options:

The capital accounts of the partners should be increased by the original cost of the contributed equipment.

The capital accounts should be increased using a weighted average based on the current percentage of ownership

No action is needed as the capital account of each partner was increased by the correct amount

The capital accounts of the partners should be increased by the fair market value of their contribution

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Questions 12

How do data analysis technologies affect internal audit testing?

Options:

They improve the effectiveness of spot check testing techniques

They allow greater insight into high risk areas.

They reduce the overall scope of the audit engagement.

They increase the internal auditor's objectivity

Questions 13

Which of the following application controls verifies the accuracy of transaction results in a system?

Options:

Input controls

Output controls

Processing controls

Integrity controls

Questions 14

Which of the following statements is true regarding user-developed applications (UDAs)?

Options:

UDAs are less flexible and more difficult to configure than traditional IT applications.

Updating UDAs may lead to various errors resulting from changes or corrections.

UDAs typically are subjected to application development and change management controls.

Using UDAs typically enhances the organization's ability to comply with regulatory factors.

Questions 15

An internal auditor has been approved lo gather data directly horn the organization's relational database management system tor data analyses To collect the data which of the Wowing is most important for the auditor to know?

Options:

Structured query language

Spreadsheet software such as Excel

Data management system such as Oracle

Basic web development

Questions 16

If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

Options:

Questions 17

Which of the following is classified as a product cost using the variable costing method?

1) Direct labor costs

2) Insurance on a factory.

3) Manufacturing supplies.

4) Packaging and shipping costs

Options:

1 and 2

1 and 3

2 and 4

3 and 4

Questions 18

Which of the following is an example of a smart device security control intended to prevent unauthorized users from gaining access to a device's data or applications?

Options:

Anti-malware software.

Authentication.

Spyware.

Rooting.

Questions 19

Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization's cybersecurity policies?

Options:

Assigning new roles and responsibilities for senior IT management.

Growing use of bring your own devices tor organizational matters

Expansion of operations into new markets with united IT access

Hiring new personnel within the IT department tor security purposes

Questions 20

For employees, the primary value of implementing job enrichment is which of the following?

Options:

Validation of the achievement of their goals and objectives.

Increased knowledge through the performance of additional tasks.

Support for personal growth and a meaningful work experience.

An increased opportunity to manage better the work done by their subordinates.