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Home IIA IIA-CIA-Part3

IIA IIA-CIA-Part3 Exam Practice Questions (P. 2)

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Question #11
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:
  1. A
    Access to read application logs is restricted to authorized users.
  2. B
    Account balance information is encrypted in the database.
  3. C
    The web server used to host the application is located in a physically secure area.
  4. D
    Sensitive data, such as account numbers, are submitted using encrypted communications.

Correct Answer:
D

Question #12
Which of the following steps should an internal auditor take during an audit of an organization's business continuity plans?
1. Evaluate the business continuity plans for adequacy and currency.
2. Prepare a business impact analysis regarding the loss of critical business.
3. Identify key personnel who will be required to implement the plans.
4. Identify and prioritize the resources required to support critical business processes.
  1. A
    1 only
  2. B
    2 and 4 only
  3. C
    1, 3, and 4 only
  4. D
    1, 2, 3, and 4

Correct Answer:
A

Question #13
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?
  1. 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.
  2. B
    The organization is losing $1,000,000 annually because it incorrectly outsourced an operation based on information from its current system.
  3. C
    The cost of rework, hidden by the current system, is 50 percent of the total cost of all services.
  4. D
    50 percent of total organizational cost has been allocated on a volume basis.

Correct Answer:
D

Question #14
Which of the following control techniques would minimize the risk of interception during transmission in an electronic data interchange system?
1. Encryption.
2. Traffic padding.
3. Edit checks.
4. Structured data format.
  1. A
    1 and 2 only
  2. B
    2 and 3 only
  3. C
    3 and 4 only
  4. D
    1, 2, and 3 only

Correct Answer:
A

Question #15
For an engineering department with a total quality management program, important elements of quality management include all of the following except:
  1. A
    Basing performance evaluations on the number of projects completed.
  2. B
    Comparing results with those of other engineering departments.
  3. C
    Creating a quality council within the engineering department.
  4. D
    Conducting post-project surveys on performance.

Correct Answer:
A

Question #16
Refer to the exhibit.

The figure below shows the network diagram for the activities of a large project. What is the shortest number of days in which the project can be completed?
  1. A
    21 days.
  2. B
    22 days.
  3. C
    27 days.
  4. D
    51 days.

Correct Answer:
C

Question #17
Which of the following is a characteristic of just-in-time inventory management systems?
  1. A
    Users determine the optimal level of safety stocks.
  2. B
    They are applicable only to large organizations.
  3. C
    They do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.
  4. D
    They rely heavily on high quality materials.

Correct Answer:
D

Question #18
The economic order quantity for inventory is higher for an organization that has:
  1. A
    Lower annual unit sales.
  2. B
    Higher fixed inventory ordering costs.
  3. C
    Higher annual carrying costs as a percentage of inventory value.
  4. D
    A higher purchase price per unit of inventory.

Correct Answer:
B

Question #19
What must be monitored in order to manage risk of consumer product inventory obsolescence?
1. Inventory balances.
2. Market share forecasts.
3. Sales returns.
4. Sales trends.
  1. A
    1 only
  2. B
    4 only
  3. C
    1 and 4 only
  4. D
    1, 2, and 3 only

Correct Answer:
C

Question #20
The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:
  1. A
    Use an aging schedule to more closely estimate uncollectible accounts.
  2. B
    Eliminate the need for an allowance for doubtful accounts.
  3. C
    Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
  4. D
    Use a method that approximates the matching principle.

Correct Answer:
D

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