IIA-CIA-Part3 V3

Which of the following facilitates data extraction from an application?A . Application program code.B . Database system.C . Operating system.D . Networks.View AnswerAnswer: B

Which of the following best explains the matching principle?A . Revenues should be recognized when earned.B . Revenue recognition is matched with cash.C . Expense recognition is tied to revenue recognition.D . Expenses are recognized at each accounting period.View AnswerAnswer: C

In an effort to increase business efficiencies and improve customer service offered to its major trading partners, management of a manufacturing and distribution company established a secure network, which provides a secure channel for electronic data interchange between the company and its partners. Which of the following network types is...

Which of the following is most influenced by a retained earnings policy?A . Cash.B . Dividends.C . Gross margin.D . Net income.View AnswerAnswer: B

Which component of an organization's cybersecurity risk assessment framework would allow management to implement user controls based on a user's role?A . Prompt response and remediation policyB . Inventory of information assetsC . Information access managementD . Standard security configurationsView AnswerAnswer: C

Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?A . The term describes budgets that exclude fixed costs.B . Flexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.C . The term...

A large retail customer made an offer to buy 10.000 units at a special price of $7 per unit. The manufacturer usually sells each unit for §10, Variable Manufacturing costs are 55 per unit and fixed manufacturing costs are $3 per unit. For the manufacturer to accept the offer, which...

What is the primary purpose of an Integrity control?A . To ensure data processing is complete, accurate, and authorized.B . To ensure data being processed remains consistent and intact.C . To monitor the effectiveness of other controlsD . To ensure the output aligns with the intended result.View AnswerAnswer: A

Which of the following best explains the matching principle?A . Revenues should be recognized when earned.B . Revenue recognition is matched with cash.C . Expense recognition is tied to revenue recognition.D . Expenses are recognized at each accounting period.View AnswerAnswer: C

A financial institution receives frequent and varied email requests from customers for funds to be wired out of their accounts. Which verification activity would best help the institution avoid falling victim to phishing?A . Reviewing the customer's wire activity to determine whether the request is typical.B . Calling the customer...