IIA-CIA-Part3 exam

All of the following are possible explanations for a significant unfavorable material efficiency variance except:A . Cutbacks in preventive maintenance.B . An inadequately trained and supervised labor force.C . A large number of rush orders.D . Production of more units than planned for in the master budget.View AnswerAnswer: D

Which of the following is always true regarding the use of encryption algorithms based on public key infrastructure (PKI)?A . PKI uses an independent administrator to manage the public key.B . The public key is authenticated against reliable third-party identification.C . PKI's public accessibility allows it to be used readily...

The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?A . Risk acceptance.B . Risk sharing.C . Risk avoidance.D . Risk reduction.View AnswerAnswer: D

All of the following are possible explanations for a significant unfavorable material efficiency variance except:A . Cutbacks in preventive maintenance.B . An inadequately trained and supervised labor force.C . A large number of rush orders.D . Production of more units than planned for in the master budget.View AnswerAnswer: D

Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?A . Control environment.B . Control activities.C . Information and communication.D . Monitoring.View AnswerAnswer: A

Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?A . Each party's negotiator presents a menu of options to the other party.B . Each party adopts one initial position from which to start.C . Each negotiator minimizes the information provided to the other party.D . Each...

An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?A . Develop and test the organization's disaster recovery plan.B . Install and test fire detection and suppression equipment.C . Restrict access to tangible IT resources.D . Ensure...

An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?A . 7 percent simple interest with a 10 percent compensating balance.B . 7 percent simple interest paid at the end of each year.C . 7...

Which of the following standards would be most useful in evaluating the performance of a customer-service group?A . The average time per customer inquiry should be kept to a minimum.B . Customer complaints should be processed promptly.C . Employees should maintain a positive attitude when dealing with customers.D . All...

Ability to empathize with other people.A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 3 onlyD . 1, 2, and 3View AnswerAnswer: C