Home / IIA / IIA-CIA-Part3

IIA IIA-CIA-Part3 Practice Test - Questions Answers, Page 29

Question list

List of questions

Question 281

(0)

A new clerk in the managerial accounting department applied the high-low method and computed the difference between the high and low levels of maintenance costs. Which type of maintenance costs did

Question 282

(0)

An organization with a stable rating, as assessed by International rating agencies, has issued a bond not backed by assets or collateral. Payments of the interests and the principal to bondholders a

Question 283

(0)

Which of the following is an indicator of liquidity that is more dependable than working capital?

Question 284

(0)

Which of the following Issues would be a major concern for internal auditors when using a free software to analyze a third-party vendor's big data?

Question 285

(0)

Which of the following attributes of data analytics relates to the growing number of sources from which data is being generated?

Question 286

(0)

Which of the following statements is true concerning the basic accounting treatment of a partnership?

Question 287

(0)

According to IIA guidance, which of the following is an IT project success factor?

Question 288

(0)

An organization buys equity securities for trading purposes and sells them within a short time period. Which of the following is the correct way to value and report those securities at a financial

Question 289

(0)

If an organization has a high amount of working capital compared to the industry average, which of the following is most likely true?

Question 290

(0)

An IT auditor is evaluating IT controls of a newly purchased information system. The auditor discovers that logging is not configured al database and application levels. Operational management expla

Related questions

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

Which of the following contract concepts is typically given in exchange for the execution of a promise?

An internal auditor is reviewing key phases of a software development project. Which of the following would; the auditor most likely use to measure the project team's performance related to how project tasks are completed?

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

An internal auditor observed that the organization's disaster recovery solution will make use of a cold site in a town several miles away. Which of the following is likely to be a characteristic of this disaster recover/ solution?

An organization is considering outsourcing its IT services, and the internal auditor as assessing the related risks. The auditor grouped the related risks into three categories; - Risks specific to the organization itself. - Risks specific to the service provider. - Risks shared by both the organization and the service provider Which of the following risks should the auditor classify as specific to the service provider?

A newly appointed board member received an email that appeared to be from the company's CEO. The email stated: "Good morning. As you remember, the closure of projects is our top priority. Kindly organize prompt payment of the attached invoice for our new solar energy partners." The board member quickly replied to the email and asked under which project the expense should be accounted. Only then did he realize that the sender 's mail domain was different from the company's. Which of the following cybersecurity risks nearly occurred in the situation described?

An employee was promoted within the organization and relocated to a new office in a different building. A few months later, security personnel discovered that the employee's smart card was being used to access the building where she previously worked. Which of the following security controls could prevent such an incident from occurring?

Which of the following best describes the use of predictive analytics?

Which of the following characteristics applies to an organization that adopts a flat structure?

Question 281

A new clerk in the managerial accounting department applied the high-low method and computed the difference between the high and low levels of maintenance costs. Which type of maintenance costs did the clerk determine?

Fixed maintenance costs.

Variable maintenance costs.

Mixed maintenance costs.

Indirect maintenance costs.

Show Answer Comment (0)

Question 282

An organization with a stable rating, as assessed by International rating agencies, has issued a bond not backed by assets or collateral. Payments of the interests and the principal to bondholders are guaranteed by the organization. Which type of bond did the organization issue?

A sinking fund bond.

A secured bond.

A junk bond.

A debenture bond

Show Answer Comment (0)

Question 283

Which of the following is an indicator of liquidity that is more dependable than working capital?

Acid-test (quick) ratio

Average collection period

Current ratio.

Inventory turnover.

Show Answer Comment (0)

Question 284

Which of the following Issues would be a major concern for internal auditors when using a free software to analyze a third-party vendor's big data?

The ability to use the software with ease to perform the data analysis to meet the engagement objectives.

The ability to purchase upgraded features of the software that allow for more In-depth analysis of the big data.

The ability to ensure that big data entered into the software is secure from potential compromises or loss.

The ability to download the software onto the appropriate computers for use in analyzing the big data.

Show Answer Comment (0)

Question 285

Which of the following attributes of data analytics relates to the growing number of sources from which data is being generated?

Volume.

Velocity.

Variety.

Veracity.

Show Answer Comment (0)

Question 286

Which of the following statements is true concerning the basic accounting treatment of a partnership?

The initial investment of each partner should be recorded at book value.

The ownership ratio identifies the basis for dividing net income and net toss.

A partner's capital only changes due to net income or net loss.

The basis for sharing net incomes or net kisses must be fixed.

Show Answer Comment (0)

Question 287

According to IIA guidance, which of the following is an IT project success factor?

Streamlined decision-making, rather than building consensus among users.

Consideration of the facts, rather than consideration of the emotions displayed by project stakeholders.

Focus on flexibility and adaptability, rather than use of a formal methodology.

Inclusion of critical features, rather than inclusion of an array of supplementary features.

Show Answer Comment (0)

Question 288

An organization buys equity securities for trading purposes and sells them within a short time period.

Which of the following is the correct way to value and report those securities at a financial statement date?

At fair value with changes reported in the shareholders' equity section.

At fair value with changes reported in net income.

At amortized cost in the income statement.

As current assets in the balance sheet

Show Answer Comment (0)

Question 289

If an organization has a high amount of working capital compared to the industry average, which of the following is most likely true?

Settlement of short-term obligations may become difficult.

Cash may be bed up in items not generating financial value.

Collection policies of the organization are ineffective.

The organization is efficient in using assets to generate revenue.

Show Answer Comment (0)

Question 290

An IT auditor is evaluating IT controls of a newly purchased information system. The auditor discovers that logging is not configured al database and application levels. Operational management explains that they do not have enough personnel to manage the logs and they see no benefit in keeping logs. Which of the fallowing responses best explains risks associated with insufficient or absent logging practices?

The organization will be unable to develop preventative actions based on analytics.

The organization will not be able to trace and monitor the activities of database administers.

The organization will be unable to determine why intrusions and cyber incidents took place.

The organization will be unable to upgrade the system to newer versions.

Show Answer Comment (0)

Total 340 questions

27 28 29 30 31

Go to page: of 34