[Sep 11, 2022] Latest Questions IIA-CIA-Part3 Guide to Prepare Free Practice Tests [Q209-Q233] : Free Exams Dumps Materials : http://exams.dumpsmaterials.com

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[Sep 11, 2022] Latest Questions IIA-CIA-Part3 Guide to Prepare Free Practice Tests [Q209-Q233]

[Sep 11, 2022] Latest Questions IIA-CIA-Part3 Guide to Prepare Free Practice Tests

Reliable IIA-CIA-Part3 Dumps Questions Available as Web-Based Practice Test Engine

NO.209 According to IIA guidance, which of the following statements is true with regard to workstation computers that access company information stored on the network?

individual workstation computer controls are not as important as companywide server controls.

Particular attention should be paid to housing workstations away from environmental hazards.

Cybersecurity issues can be controlled at an enterprise level making workstation level controls redundant

With security risks near an all-time high workstations should not be connected to the company network

NO.210 A local area network LAN) is best described as a(n):

Computer system that connects computers of all sizes, workstations, terminals, and
other devices within a limited proximity

System to allow computer users to meet and share ideas and information.
C Electronic library containing millions of items of data that can be reviewed, retrieved, and
analyzed.
D Method to offer specialized software, hardware, and data-handling techniques that
improve effectiveness and reduce costs.

NO.211 A capital investment project will have a higher net present value, everything else being equal, if it has:

A higher initial investment level.

A higher discount rate.

Cash inflows that are larger in the later years of the life of the project.

Cash inflows that are larger in the earlier years of the life of the project.

NO.212 An antifraud law that prohibits trading on the basis of inside information about a business corporation’s stock most likely applies to:

Officers and directors.

All officers, directors, and shareholders.

Officers, directors, and holders of a large amount of the corporation’s stock.

Anyone who bases his/her trading activities on the inside information.

NO.213 Which of the following statements accurately describes one of the characteristics that distinguishes a multinational company from a domestic company?

A multinational company has stockholders in other countries.

A multinational company exports its products to other countries.

A multinational company operates outside of its country of origin.

A multinational company uses raw materials and components from more than one country.

NO.214 Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:

Motivation.

Performance.

Organizational structure.

Communication.

NO.215 How do temporary and permanent differences between taxable income and pre-tax financial income differ?

Temporary differences do not give rise to future taxable or deductible amounts.

Only permanent differences have deferred tax consequences

Only temporary differences have deferred tax consequences

Temporary differences include items that enter into prepay financial income but never into taxable income.

NO.216 Management’s enthusiasm for computer security seems to vary with changes in the environment, particularly the occurrence of other computer disasters. Which of the following concepts should be addressed when making a comprehensive recommendation regarding the costs and benefits of computer security?
I. Potential loss if security is not implemented
II. Probability of occurrences
III.
Cost and effectiveness of the implementation and operation of computer security

I only.

I and II only.

III only.

I, II, and III.

NO.217 Which of the following is useful for forecasting the required level of inventory?
1.Statistical modeling.
2.Information about seasonal variations in demand.
3.Knowledge of the behavior of different business cycles.
4.Pricing models linked to seasonal demand.

1 and 2 only

2 and 3 only

1, 2, and 3 only

1, 2, 3, and 4

NO.218 A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:

Adequate segregation of duties between data processing controls and file security controls.

Documented procedures for remote job entry and for local data file retention.

Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.

Established procedures to prevent and detect unauthorized changes to data files.

NO.219 The average labor cost per unit for the first batch produced by a new process is US $120. The cumulative average labor cost after the second batch is US $72 per product. Using a batch size of 100 and assuming the learning curve continues, the total labor cost of four batches will be:

US$4,320

US$10,368

US$2,592

US$17,280

NO.220 The entity has an accounts receivable balance of:

US $12

US $26

US $36

US $66

NO.221 Which of the following is a limiting factor for capacity expansion?

Government pressure on organizations to increase or maintain employment.

Production orientation of management.

Lack of credible market leader in the industry.

Company diversification.

NO.222 When using cost-volume-profit analysts which of the following will increase operating income once !he break-even point has been reached?

Fixed costs per unit for each additional unit sold

Variable costs per unit for each additional unit sold

Contribution margin per unit for each additional unit sold

Gross margin per unit for each additional unit sold

NO.223 What is the overall audit objective when auditing an e-commerce activity?

To ensure that all e-commerce processes have efficient internal controls.

To ensure that all e-commerce processes have effective internal controls.

To ensure that all e-commerce processes are adequate to fulfill their intended objectives.

To ensure that all e-commerce processes meet the functionality requirements of the end users.

NO.224 Which of the following is not a component of physical distribution?

Transportation.

Pricing.

Location of retail outlets.

Warehousing.

NO.225 Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?

Higher cash flow and treasury balances

Higher inventory balances

Higher accounts receivable

Higher accounts payable

NO.226 The estimated demand for pretzels at the next home football game using a deterministic approach based on the most likely outcome is:

4,000 pretzels.

4,400 pretzels.

5,000 pretzels.

6,000 pretzels.

NO.227 An entity started in Year 1 with 200 scent. 1 3ndles on hand at a cost of US $3.50 each.
These candles sell Lich. The following schedule represents the purchases and sales of candles during Year 1:

If the entity uses periodic FIFO inventory pricing, the gross profit for Year 1 would be:

US $2,755

US $2,805

US $2,854

US $2,920

NO.228 Based on test results, an IT auditor concluded that the organization would suffer unacceptable loss of data if there was a disaster at its data center. Which of the following test results would likely lead the auditor to this conclusion?

Requested backup tapes were not returned from the offsite vendor in a timely manner.

Returned backup tapes from the offsite vendor contained empty spaces.

Critical systems have been backed up more frequently than required.

Critical system backup tapes are taken off site less frequently than required

NO.229 If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

NO.230 In which of the following organizational structures does total quality management (TQM) work best?

Hierarchal.

Teams of people from the same specialty.

Teams of people from different specialties.

Specialists working individually.

NO.231 An appropriate technique for planning and controlling manufacturing inventories, such as
raw materials, components, and subassemblies whose demand depends on the level of production is:

Materials requirements planning.

Regression analysis.

Capital budgeting.

Linear programming.

NO.232 Which of the following steps in the accounting cycle is completed later than the others?

Adjustments.

Journalization

Posting.

Identification and measurement of transactions.

NO.233 The main reason to establish internal controls in an organization is to:

Encourage compliance with policies and procedures.

Safeguard the resources of the organization.

Ensure the accuracy, reliability, and timeliness of information.

Provide reasonable assurance on the achievement of objectives.

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