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IIA-CIA-Part3-3P
CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

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Viewing questions 31-40 out of questions

Questions # 31:

Which of the following most accurately describes the purpose of application authentication controls?

Options:

To ensure that data input into business applications is valid, complete, and accurate.

To prevent or detect errors in data processed using business applications.

To ensure that business applications are protected from unauthorized logical access.

To ensure the validity, accuracy, and completeness of outputs from business applications.

Answer

Questions # 32:

Which of following best demonstrates the application of the cost principle?

Options:

A company reports trading and investment securities at their market cost.

A building purchased last year for $1 million is currently worth $1.2 million, but the company still reports the building at $1 million.

A building purchased last year for $1 million is currently worth $1.2 million, and the company adjusts the records to reflect the current value.

A company reports assets at either historical or fair value, depending which is closer to market value.

Answer

Explanation

[Reference: https://www.smartcapitalmind.com/what-are-the-applications-of-cost-principle.htm, , ]

Questions # 33:

When is an organic organizational structure likely to be more successful than a mechanistic organizational structure?

Options:

When a manufacturing organization has stable demand for its products.

When an organization is subjected to strong political and social pressures

When a manufacturer has reliable resources and suppliers

When an organization is infrequently affected by technological advances

Answer

Questions # 34:

According to Maslow's hierarchy of needs theory, which of the Mowing best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?

Options:

Esteem by colleagues

Sell-fulfillment

Sense of belonging in the organization

Job security

Answer

Questions # 35:

Which of the following statements is true regarding reversing entries in an accounting cycled

Options:

Reversing all previous closing adjustments is a mandatory step in the accounting cycle

Reversing entries should be completed at the end of the next accounting period after recording regular transactions of the period

Reversing entries are identical to the adjusting entries made in the previous period.

Reversing entries are the exact opposite of the adjustments made in the previous period.

Answer

Questions # 36:

While auditing an organization's customer call center, an internal auditor notices that key performance indicators show a positive trend despite the fact that there have been increasing customer complaints over the same period Which of the following audit recommendations would most likely correct the cause of this inconsistency?

Options:

Review the the call center script used by customer service agents to interact with callers and update the script rf necessary

De-emphasize the importance of call center employees completing a certain number of calls per hour

Retrain call center staff on area processes and common technical issues that they will Likely be asked to resolve

Increase the incentive for call center employees to complete calls quickly and raise the number of calls completed daily

Answer

Questions # 37:

Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization's cybersecurity policies?

Options:

Assigning new roles and responsibilities for senior IT management.

Growing use of bring your own devices tor organizational matters

Expansion of operations into new markets with united IT access

Hiring new personnel within the IT department tor security purposes

Answer

Questions # 38:

An internal auditor is assessing the risks related to an organization's mobile device pokey She notes that the organization allows third parties (vendors and visitors) to use outside smart devices to access its proprietary networks and systems Which of the following types of smart device risks should the internal auditor be most concerned about?