IIA IIA-CIA-Part3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing Online Training
IIA IIA-CIA-Part3-3P Online Training
The questions for IIA-CIA-Part3-3P were last updated at Jan 19,2025.
- Exam Code: IIA-CIA-Part3-3P
- Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 19,2025
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
- A . Adequate segregation of duties between data processing controls and file security controls.
- B . Documented procedures for remote job entry and for local data file retention.
- C . Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
- D . Established procedures to prevent and detect unauthorized changes to data files.
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
- A . Adequate segregation of duties between data processing controls and file security controls.
- B . Documented procedures for remote job entry and for local data file retention.
- C . Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
- D . Established procedures to prevent and detect unauthorized changes to data files.
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
- A . Adequate segregation of duties between data processing controls and file security controls.
- B . Documented procedures for remote job entry and for local data file retention.
- C . Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
- D . Established procedures to prevent and detect unauthorized changes to data files.
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
- A . Adequate segregation of duties between data processing controls and file security controls.
- B . Documented procedures for remote job entry and for local data file retention.
- C . Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
- D . Established procedures to prevent and detect unauthorized changes to data files.
5
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?
- A . Cost X is a variable cost.
- B . Cost X is a fixed cost.
- C . Cost X is a semi-fixed cost.
- D . Cost X and the value of Output Produced are unrelated.
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?
- A . The distorted unit cost of a service is 50 percent lower than the true cost, while the true cost is 50 percent higher than the competition’s cost.
- B . The organization is losing $1,000,000 annually because it incorrectly outsourced an operation based on information from its current system.
- C . The cost of rework, hidden by the current system, is 50 percent of the total cost of all services.
- D . 50 percent of total organizational cost has been allocated on a volume basis.
Which of the following is the most likely reason an organization may decide to undertake a stock split?
- A . To keep stock price constant.
- B . To keep shareholders’ equity constant.
- C . To increase shareholders’ equity.
- D . To enhance the stock liquidity.
An organization facing rapid growth decides to employ a third party service provider to manage its customer relationship management function .
Which of the following is true regarding the supporting application software used by that provider compared to an in-house developed system?
1) Updating documentation is always a priority.
2) System availability is usually more reliable.
3) Data security risks are lower.
4) Overall system costs are lower.
- A . 1 and 2 only
- B . 1 and 3 only
- C . 2 and 4 only
- D . 3 and 4 only
A capital investment project will have a higher net present value, everything else being equal, if it has:
- A . A higher initial investment level.
- B . A higher discount rate.
- C . Cash inflows that are larger in the later years of the life of the project.
- D . Cash inflows that are larger in the earlier years of the life of the project.
Within an enterprise, IT governance relates to the:
1) Alignment between the enterprise’s IT long term plan and the organization’s objectives.
2) Organizational structures of the company that are designed to ensure that IT supports the organization’s strategies and objectives.
3) Operational plans established to support the IT strategies and objectives.
4) Role of the company’s leadership in ensuring IT supports the organization’s strategies and objectives.
- A . 1 and 2 only
- B . 3 and 4 only
- C . 1, 2, and 4 only
- D . 2, 3, and 4 only
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