Free IIA-CIA-Part3 Exam Braindumps

- (Exam Topic 2)
Which of the following is improved by the use of smart devices?

1. A. Version control
2. B. Privacy
3. C. Portability
4. D. Secure authentication

Correct Answer: C

- (Exam Topic 2)
An organization's account for office supplies on hand had a balance of S9,000 at the end of year one. During year two. the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

1. A. A debit to office supplies on hand for S2.500
2. B. A debit to office supplies on hand for $11,500
3. C. A debit to office supplies on hand for S20.500
4. D. A debit to office supplies on hand for S42.500

Correct Answer: A

- (Exam Topic 1)
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?

1. A. The process is not sustained and is not optimized as planned.
2. B. There is a lack of alignment to organizational strategies.
3. C. The operational quality is less than projected.
4. D. There is increased potential for loss of assets.

Correct Answer: D

- (Exam Topic 1)
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?

1. A. Consult on project design and implementation of the CSR program.
2. B. Serve as an advisor on internal controls related to CSR.
3. C. Identify and prioritize the CSR issues that are important to the organization.
4. D. Evaluate the effectiveness of the organization's CSR efforts.

Correct Answer: C

- (Exam Topic 1)
An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?

1. A. 7 percent simple interest with a 10 percent compensating balance.
2. B. 7 percent simple interest paid at the end of each year.
3. C. 7 percent discount interest.
4. D. 7 percent compounding interest.

Correct Answer: B