IIA Business Knowledge for Internal Auditing - IIA-CIA-Part3 Exam Questions

QUESTION NO: 1
An organization and its trading partner rely on a computer-to-computer exchange of digital business documents. Which of the following best describes this scenario?

QUESTION NO: 2
Which of the following statements is true regarding cost-volume-profit analysis?

QUESTION NO: 3
The IT department maintains logs of user identification and authentication for all requests for access to the network. What is the primary purpose of these logs?

QUESTION NO: 4
During the process of setting the annual audit plan, the chief audit executive receives a request from senior management to conduct an assurance engagement on the cybersecurity controls of the organization. Which of the following is a reason cybersecurity should be included in the annual internal audit plan?

QUESTION NO: 5
Which of the following information security controls has the primary function of preventing unauthorized outside users from accessing an organization's data through the organization's network?

QUESTION NO: 6
An organization decided to outsource its human resources function. As part of its process migration, the organization is implementing controls over sensitive employee data.
What would be the most appropriate directive control in this area?

QUESTION NO: 7
Management has decided to change the organizational structure from one that was previously decentralized to one that is now highly centralized. As such: which of the following would be a characteristic of the now highly centralized organization?

QUESTION NO: 8
An internal auditor considers the financial statement of an organization as part of a financial assurance engagement. The auditor expresses the organization's electricity and depreciation expenses as a percentage of revenue to be 10% and 7% respectively. Which of the following techniques was used by the internal auditor In this calculation?

QUESTION NO: 9
Which of the following scenarios indicates an effective use of financial leverage?

QUESTION NO: 10
The board is considering outsourcing the internal audit function to an external service provider. Which of the following would always remain the responsibility of the organization?

QUESTION NO: 11
Which of the following would most likely be found in an organization that uses a decentralized organizational structure?

QUESTION NO: 12
Which of the following types of date analytics would be used by a hospital to determine which patients are likely to require remittance for additional treatment?

QUESTION NO: 13
A manufacturer ss deciding whether to sell or process materials further. Which of the following costs would be relevant to this decision?

QUESTION NO: 14
During a payroll audit, the internal auditor is assessing the security of the local area network of the payroll department computers. Which of the following IT controls should the auditor test?

QUESTION NO: 15
A company produces water buckets with the following costs per bucket:
Direct labor = 82
Direct material = $5
Fixed manufacturing = 83.50
Variable manufacturing = 82.50
The water buckets are usually sold for $15. However, the company received a special order for 50.000 water buckets at 311 each.
Assuming there is adequate manufacturing capacity and ail other variables are constant , what is the relevant cost per unit to consider when deciding whether to accept this special order at the reduced price?