IIA-CIA-Part3 exam

Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?A . Ensure compliance with the model.B . Identify management functions.C . Identify emerging issues.D . Set goals for implementation.View AnswerAnswer: A

Which of the following best describes the concept of relevant cost?A . A future cost that is the same among alternatives.B . A future cost that differs among alternatives.C . A past cost that is the same among alternatives.D . A past cost that differs among alternatives.View AnswerAnswer: B

Which of the following would not impair the objectivity of internal auditor?A . Management assurance on risks.B . Implementing risk responses on behalf of management.C . Providing assurance that risks assessed are correctly evaluated.D . Setting the risk appetite.View AnswerAnswer: C

Organizations generally have flexibility regarding what is included in a CSR program.A . 1, 2, and 3 onlyB . 1, 2, and 4 onlyC . 1, 3, and 4 onlyD . 2, 3, and 4 onlyView AnswerAnswer: B

Which of the following does not provide operational assurance that a computer system is operating properly?A . Performing a system audit.B . Making system changes.C . Testing policy compliance.D . Conducting system monitoring.View AnswerAnswer: B

Which of the following statements accurately describes one of the characteristics that distinguishes a multinational company from a domestic company?A . A multinational company has stockholders in other countries.B . A multinational company exports its products to other countries.C . A multinational company operates outside of its country of origin.D...

In mergers and acquisitions, which of the following is an example of a horizontal combination?A . Dairy manufacturing company taking over a large dairy farm.B . A movie producer acquires movie theaters.C . A petroleum processing company acquires an agro-processing firm.D . A baker taking over a competitor.View AnswerAnswer: D

Monitoring systems are in place to alert management to unexpected events.A . 1 and 3.B . 1 and 4.C . 2 and 3.D . 2 and 4.View AnswerAnswer: B

Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?A . Times interest earned, return on assets, and inventory turnover.B . Accounts receivable turnover, inventory turnover in days, and the current ratio.C . Accounts receivable turnover, return on assets, and the current...

Which of the following purchasing scenarios would gain the greatest benefit from implementing electronic data interchange?A . A time-sensitive just-in-time purchase environment.B . A large volume of custom purchases.C . A variable volume sensitive to material cost.D . A currently inefficient purchasing process.View AnswerAnswer: A