Free IIA-CIA-Part3 Exam Braindumps

- (Exam Topic 2)
Which of the following is most important for an internal auditor to check with regard to the database version?

1. A. Verify whether the organization uses the most recent database software version
2. B. Verify whether the database software version is supported by the vendor.
3. C. Verify whether the database software version has been recently upgraded
4. D. Verify whether access to database version information is appropriately restricted

Correct Answer: B

- (Exam Topic 1)
Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?

1. A. A flexible budget.
2. B. Variance analysis.
3. C. A contribution margin income statement by segment.
4. D. Residual income.

Correct Answer: D

- (Exam Topic 2)
An internal auditor is investigating a potential fraudulent activity. What is the first test the auditor should perform on the transaction data under scrutiny?

1. A. Digital analysis for statistically unlikely occurrences that may indicate system tampering.
2. B. Verification of the completeness and integrity of the obtained data.
3. C. Detailed review of the data contents to strategize the best analytical techniques.
4. D. Calculation of statistical parameters to identify outliers requiring further scrutiny.

Correct Answer: B

- (Exam Topic 2)
Which of the following examples demonstrates that the internal audit activity uses descriptive analytics in its engagements?

1. A. An internal auditor analyzed electricity production and sales interim reports and compiled a risk assessment.
2. B. An internal auditor extracted sales data to a spreadsheet and applied judgmental analysis for sampling.
3. C. An internal auditor classified solar panel sales by region and discovered unsuccessful sales representatives.
4. D. An internal auditor broke down a complex process into smaller pieces to make it more understandable.

Correct Answer: A

- (Exam Topic 1)
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?

1. A. We are a people-and-goods mover.
2. B. We supply energy.
3. C. We make movies.
4. D. We provide climate control in the home.

Correct Answer: C