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CIA Challenge Exam
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ACCA CIA Challenge Exam Questions and Answers

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Viewing page 11 out of 13 pages

Viewing questions 151-165 out of questions

Questions # 151:

According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?

Options:

Establishing risk category definitions and a common risk language for likelihood and impact measures.

Defining ERM roles and responsibilities.

Providing the board with an independent, objective risk perspective on financial reporting.

Guiding integration of ERM with other management activities.

Answer

Questions # 152:

According to MA guidance on IT. which of the following controls the routing of data packets to link computers?

Options:

Operating system.

Control environment.

Network.

Application program code.

Answer

Questions # 153:

In which of the following scenarios would transfer pricing be used?

Options:

Company A owns Company B; Company B sells goods to Company A.

Company A does not own Company B. Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods.

Company A owns both Company B and Company C; all three companies sell goods to the public.

Company A moves goods internally from one location to another.

Answer

Questions # 154:

An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?

Options:

Develop and test the organization's disaster recovery plan.

Install and test fire detection and suppression equipment.

Restrict access to tangible IT resources.

Ensure that at least one developer has access to both systems and operations.

Answer

Questions # 155:

Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?

Options:

Promote closer linkage between organizational strategy and information.

Provide users with greater online access to information systems.

Enhance the functionality of application systems.

Expand the use of automated controls.

Answer

Questions # 156:

An internal auditor is investigating a potential fraudulent activity. What is the first test the auditor should perform on the transaction data under scrutiny?

Options:

Digital analysis for statistically unlikely occurrences that may indicate system tampering.

Verification of the completeness and integrity of the obtained data.

Detailed review of the data contents to strategize the best analytical techniques.

Calculation of statistical parameters to identify outliers requiring further scrutiny.

Answer

Questions # 157:

For employees, the primary value of implementing job enrichment is which of the following?

Options:

Validation of the achievement of their goals and objectives.

Increased knowledge through the performance of additional tasks.

Support for personal growth and a meaningful work experience.

An increased opportunity to manage better the work done by their subordinates.

Answer

Questions # 158:

When auditing an application change control process, which of the following procedures should be included in the scope of the audit?

1. Ensure system change requests are formally initiated, documented, and approved.

2. Ensure processes are in place to prevent emergency changes from taking place.

3. Ensure changes are adequately tested before being placed into the production environment.

4. Evaluate whether the procedures for program change management are adequate.

Options:

1 only

1 and 3 only

2 and 4 only

1, 3, and 4 only

Answer

Questions # 159:

Which of the following is false with regard to Internet connection firewalls?

Options:

Firewalls can protect against computer viruses.

Firewalls monitor attacks from the Internet.

Firewalls provide network administrators tools to retaliate against hackers.

Firewalls may be software-based or hardware-based.

Answer

Questions # 160:

Which of the following best describes an objective for an audit of an environmental management system?

Options:

To assess whether an annual control review is necessary.

To determine conformance with requirements and agreements.

To evaluate executive management oversight.

To promote environmental awareness.

Answer

Questions # 161:

Technological uncertainty, subsidy, and spin-offs are usually characteristics of:

Options:

Fragmented industries.

Declining industries.

Mature industries.

Emerging industries.

Answer

Questions # 162:

Which of the following purchasing scenarios would gain the greatest benefit from implementing electronic data interchange?

Options:

A time-sensitive just-in-time purchase environment.

A large volume of custom purchases.

A variable volume sensitive to material cost.

A currently inefficient purchasing process.

Answer

Questions # 163:

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?

Options:

The cost of goods sold for the period will be understated.

The cost of goods sold for the period will be overstated.

The net income for the period will be understated.

There will be no effect on the cost of goods sold or the net income for the period.

Answer

Questions # 164:

Which of the following is the primary benefit of including end users in the system development process?

Options:

Improved integrity of programs and processing.

Enhanced ongoing maintenance of the system.

Greater accuracy of the testing phase.

Reduced need for unexpected software changes.

Answer

Questions # 165:

The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to: