IIA-CIA-Part3 IIA Exam Questions and Free Practice Test

Question 73

- (Exam Topic 1)
An organization accumulated the following data for the prior fiscal year: Value of
Percentage of Quarter
Output Produced Cost X
1
$4,750,000 2.9
2
$4,700,000 3.0
3
$4,350,000 3.2
4
$4,000,000 3.5
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.

Correct Answer:B

Question 74

- (Exam Topic 2)
An organization invests excess snort-term cash in trading securities. When of the following actions should an internal auditor take to test the valuation of those securities?

A. Use the equity method to recalculate the investment carrying value

B. Confirm the securities held by the broker

C. Perform a calculation of premium or discount amortization.

D. Compare the carrying value with current market quotations

Correct Answer:D

Question 75

- (Exam Topic 2)
New data privacy laws require an organization to use collected customer information for me sole purpose of meeting the organization's business requirements. Which of the following best addresses the risk of the organization not complying with this objective?

A. Provide training on social engineering attacks

B. Encrypt the customer information retained by the organization

C. Establish policies that discipline those who misuse customer information

D. Allocate access profiles for each end user of the information

Correct Answer:B

Question 76

- (Exam Topic 2)
A manager has allowed a subordinate employee to have greater control and responsibility over the tasks that he performs. This is an example of which of the following?

A. Job enlargement.

B. Job enlargement.

C. Horizontal loading of the job.

D. Job rotation

Correct Answer:A

Question 77

- (Exam Topic 2)
Which of the following IT operational areas is responsible for the integrity of data flow within an organization?

A. Network

B. Database

C. Operating system

D. Server

Correct Answer:A

Question 78

- (Exam Topic 1)
Which of the following are appropriate functions for an IT steering committee?
* 1. Assess the technical adequacy of standards for systems design and programming.
* 2. Continually monitor of the adequacy and accuracy of software and hardware in use.
* 3. Assess the effects of new technology on the organization`s IT operations.
* 4. Provide broad oversight of implementation, training, and operation of new systems.

A. 1, 2, and 3

B. 1, 2, and 4

C. 1, 3, and 4

D. 2, 3, and 4

Correct Answer:D

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