Free IIA IIA-CIA-Part3-3P Practice Exam with Questions & Answers | Set: 7

Which of the following IT operational areas is responsible for the integrity of data flow within an

organization?

Which of the following concepts of managerial accounting is focused on allocating overheads to products?

An internal auditor reviewed Finance Department records to obtain a list of current vendor addresses The auditor then compared the vendor addresses to a record of employee addresses maintained by the Payroll Department Which of the following types of data analysis did the auditor perform?

The head of the research and development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?

1) Favorable labor efficiency variance.

2) Adverse labor rate variance.

3) Adverse labor efficiency variance.

4) Favorable labor rate variance.

Which of the following is a likely result of outsourcing?

When attempting to devise creative solutions to problems, team members initially should do which of the following?

An organization with an annual demand of 25.000 units correctly computes its economic order quantity to be 1,000 units Its safety stock is 300 units and the lead time is two days If there are 250 production days in a year what is the reorder point1?

The board has requested that the internal audit activity be involved in all phases of the organization's outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization's right-to-audit clause is drafted effectively?

According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

Which of the following budgets serves as a basis for the budgeted income statement?