An organization prepares a statement of privacy to protect customers' personal information. Which of the following might violate the privacy principles?

The organization retains customers' personal information indefinitely.

Customers can access and update personal information when needed.

The organization retains customers' personal information indefinitely.

Customers reserve the right to reject sharing personal information with third parties.

The organization performs regular maintenance on customers' personal information.

Which of the following statements describes the typical benefit of using a flat organizational structure for the internal audit activity, compared to a hierarchical structure?

A flat structure results in lower operating and support costs than a hierarchical structure.

A flat structure results in a stable and very collaborative environment.

A flat structure enables field auditors to report to and learn from senior auditors.

A flat structure is more dynamic and offers more opportunities for advancement than a hierarchical structure.

Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?

Flexible budgets project data for different levels of activity.

The term describes budgets that exclude fixed costs.

Flexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.

The term is a red flag for weak budgetary control activities.

Flexible budgets project data for different levels of activity.

While conducting an audit of the accounts payable department, an internal auditor found that 3% of payments made during the period under review did not agree with the submitted invoices. Which of the following key performance indicators (KPIs) for the department would best assist the auditor in determining the significance of the test results?

A KPI that defines the process owner's tolerance for performance deviations.

A KPI that defines the importance of performance levels and disbursement statistics being measured.

A KPI that defines timeliness with regard to reporting disbursement data errors to authorized personnel.

A KPI that defines operating ratio objectives of the disbursement process.

Which of the following backup methodologies would be most efficient in backing up a database in the production environment?

An incremental backup of the database on a daily basis.

Disk mirroring of the data being stored on the database.

A differential backup that is performed on a weekly basis.

An array of independent disks used to back up the database.

An incremental backup of the database on a daily basis.

Senior management is trying to decide whether to use the direct write-off or allowance method for recording bad debt on accounts receivables. Which of the following would be the best argument for using the direct write-off method?

It is the preferred method according to The IIA.

It is useful when losses are considered insignificant.

It provides a better alignment with revenue.

It is the preferred method according to The IIA.

It states receivables at net realizable value on the balance sheet.

The chief audit executive (CAE) has been asked to evaluate the chief technology officer's proposal to outsource several key functions in the organization's IT department. Which of the following would be the most appropriate action for theCAE to determine whether the proposal aligns with the organization's strategy?

Perform a due diligence review or asses management's review of provider operations.

Understand strategic context and evaluate whether supporting information is reliable and complete.

Ascertain whether governance and approval processes are transparent, documented, and completed.

Perform a due diligence review or asses management's review of provider operations.

Identify key performance measures and data sources.

Which of the following types of budgets will best provide the basis for evaluating the organization's performance?

Selling and administrative expense budget.

Which of the following can be viewed as a potential benefit of an enterprisewide resource planning system?

Real-time processing of transactions and elimination of data redundancies.

Fewer data processing errors and more efficient data exchange with trading partners.

Exploitation of opportunities and mitigation of risks associated with e-business.

Integration of business processes into multiple operating environments and databases.

When executive compensation is based on the organization's financial results, which of the following situations is most likely to arise?

The organization encourages employee behavior that is inconsistent with the interests of relevant stakeholders.

The organization reports inappropriate estimates and accruals due to poof accounting controls.

The organization uses an unreliable process forgathering and reporting executive compensation data.

The organization experiences increasing discontent of employees, if executives are eligible for compensation amounts that are deemed unreasonable.

The organization encourages employee behavior that is inconsistent with the interests of relevant stakeholders.

Which of the following statements is true regarding a project life cycle?

Risk and uncertainty increase over the life of the project.

Costs and staffing levels are typically high as the project draws to a close.

Costs related to making changes increase as the project approaches completion.

The project life cycle corresponds with the life cycle of the product produced by or modified by the project.

Which of the following statements is true regarding activity-based costing (ABC)?

An ABC costing system may be used with either a job order or a process cost accounting system.

An ABC costing system is similar to conventional costing systems in how it treats the allocation of manufacturing overhead.

An ABC costing system uses a single unit-level basis to allocate overhead costs to products.

An ABC costing system may be used with either a job order or a process cost accounting system.

The primary disadvantage of an ABC costing system is less accurate product costing.

An organization selected a differentiation strategy to compete at the business level. Which of the following structures best fits this strategic choice?

Functional structure with cross-functional teams.

IIA IIA-CIA-Part3 Practice Test 9 - Free Online Exam Questions 321-340

Spam

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Sexually explicit or suggestive imagery or writing involving non-consenting adults or non-humans

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IIA IIA-CIA-Part3 Practice Test 9

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