[May 18, 2022] New IIA-CIA-Part3 Exam Dumps with High Passing Rate [Q96-Q117]

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[May 18, 2022] New IIA-CIA-Part3 Exam Dumps with High Passing Rate

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IIA IIA-CIA-Part3 Exam Syllabus Topics:

Topic	Details
Topic 1	Recognize the application of data analytics methods in internal auditing Explain the purpose and use of various information security controls
Topic 2	?Explain general concepts of managerial accounting ?Examine the risk and control implications of common business processes
Topic 3	Recognize the various forms and elements of contracts ?Identify project management techniques
Topic 4	?Recognize advanced and emerging financial accounting concepts Organizational Structure and Business Processes
Topic 5	Explain basic IT infrastructure and network concepts ?Recognize existing and emerging cybersecurity risks
Topic 6	Define the operational roles of a network administrator, database administrator, and help desk

NO.96 Which of the following types of analytics focuses less on analysis and more on condensing data into mote meaningful pieces of information?

Diagnostic analytics

Descriptive analytics

Prescriptive analytics

Predictive analytics

NO.97 The best preventive measure against a computer virus is to:

Compare software in use with authorized versions of the software.

Execute virus exterminator programs periodically on the system.

Allow only authorized software from known sources to be used on the system.

Prepare and test a plan for recovering from the incidence of a virus.

NO.98 In relation to the monetary unit amount of sales, which of the following cost classifications is appropriate for advertising and sales salaries costs?

Option A

Option B

Option C

Option D

NO.99 Consumer protection regulations have resulted in all of the following except

Food label laws requiring a list of ingredients and nutritional data.

Product safety laws that establish the liability of producers of unsafe or defective products.

Rules allowing the award of monetary damages to persons injured by false and misleading advertising.

Truth-in-lending requirements that lenders must identify the total dollars to be paid by the borrower over the term of the loan.

NO.100 The process model used in a theory of constraints (TOC) analysis is called:

Just-in-time.

Drum-buffer-rope.

Materials requirements planning.

Lean production.

NO.101 Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?

The risk that users try to bypass controls and do not install required software updates.

The risk that smart devices can be lost or stolen due to their mobile nature.

The risk that an organization intrusively monitors personal information stored on smart devices.

The risk that proprietary information is not deleted from the device when an employee leaves.

NO.102 Which of the following statements regarding database management systems is not correct?

Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.

The database management system acts as a layer between the application software and the operating system.

Applications pass on the instructions for data manipulation which are then executed by the database management system.

The data within the database management system can only be manipulated directly by the database management system administrator.

NO.103 If bonds are sold at a discount and the effective interest method of amortization is used, interest expense will:

Increase from one period to another.

Remain constant from one period to another.

Equal the cash interest payment each period.

Be less than the cash interest payment each period.

NO.104 An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?

Develop and test the organization’s disaster recovery plan.

Install and test fire detection and suppression equipment.

Restrict access to tangible IT resources.

Ensure that at least one developer has access to both systems and operations.

NO.105 The ending inventory balance under the first-in, first-out-FIFO) method of inventory valuation is:

US $3,050

US $3,150

US $3,230 D US $3.430

NO.106 An investor has been given several financial ratios for an entity but none of the financial reports. Which combination of ratios can be used to derive return on equity?

Market-to-book-value ratio and total-debt-to-total-assets ratio.

Price-to-earnings ratio, earnings per share, and profit margin.

Price-to-earnings ratio and return-on-assets ratio.

Profit margin, total assets turnover, and equity multiplier.

NO.107 Which of the following statements accurately describes the responsibility of the internal audit activity (IAA) regarding IT governance?
1. The IAA does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization.
2. The IAA must assess whether the IT governance of the organization supports the organization’s strategies and objectives.
3. The IAA may assess whether the IT governance of the organization supports the organization’s strategies and objectives.
4. The IAA may accept requests from management to perform advisory services regarding how the IT governance of the organization supports the organization’s strategies and objectives.

1 only

4 only

2 and 4

3 and 4

NO.108 Which of the following is not one of the seven elements of risk?

Frequency

Timing.

ROI analysis.

Uncertainty.

NO.109 Which one of the following is least likely to be recommended by the auditor when an EDIEFT system is being designed?

The identity of the individual approving an electronic document should be stored as a data field.

Disaster recovery plans should be established.

Data security procedures should be written to prevent changes to data by unauthorized individuals

Remote access to electronic data should be denied.

NO.110 The practice of maintaining a test program library separate from the production program library is an example of:

An organizational control.

Physical security.

An input control.

A concurrency control.

NO.111 Which adjusting entry should be used at year-end to account for interest expense on the long-term debt?

Interest expense US $100,000 Interest payable US $100,000

Interest expense US $50,000 Cash US $50,000

Interest payable US $100,000 Interest expense US $100,000

Interest expense US $50,000 Interest payable US $50,000

NO.112 When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?

Review and acquire the external audit service.

Assess the appraisal and actuarial services.

Determine the selection criteria.

Identify regulatory requirements to be considered.

NO.113 Which of the following is a false statement about XBRL?

XBRL is freely licensed.

XBRL facilitates the automatic exchange of information

XBRL is used primarily in the U.S.

XBRL is designed to work with a variety of software applications.

NO.114 Which of the following describes the most effective control that restricts access to secure areas?

Employee security policy.

Access log reviews.

Biometric authorization.

Security cameras.

NO.115 The following transactions and events occurred during the year:

– $300,000 of raw materials were purchased, of which $20,000 were returned because of defects
– $600,000 of direct labor costs were incurred.
– S750.000 of manufacturing overhead costs were incurred.
What is the organization’s cost of goods sold for the year?

$1.480.000

$1 500 000

$1,610.000

$1650 000

NO.116 A supervisor receives a complaint from an employee who is frustrated about having to learn a new software program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:

Empathetic listening.

Reframing.

Reflective listening.

Dialogue.

NO.117 How much must the steel: to worth at expiration for a call holder to break even if the exercise price is US $60 and the call premium was U` $ 3?

US $57.00

US $60.00

US $61.50

US $63.00