Free IIA-CIA-Part3 Exam Braindumps

- (Exam Topic 2)
According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

1. A. Report identifying data that is outside of system parameters
2. B. Report identifying general ledger transactions by time and individual
3. C. Report comparing processing results with original input
4. D. Report confirming that the general ledger data was processed without error.

Correct Answer: B

- (Exam Topic 2)
A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?

1. A. Full cost
2. B. Full cost plus a markup.
3. C. Market price of the product
4. D. Variable cost plus a markup

Correct Answer: C

- (Exam Topic 1)
An organization produces two products, X and Y. The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows:
Product X Product Y
Selling price per unit
$10
$13
Materials per unit (at $1/kg) 2 kg
6 kg
Monthly demand 100 units
120 units
In order to maximize profit, how much of product Y should the organization produce each month?

1. A. 50 units.
2. B. 60 units.
3. C. 100 units.
4. D. 120 units.

Correct Answer: A

- (Exam Topic 1)
For an engineering department with a total quality management program, important elements of quality management include all of the following except:

1. A. Basing performance evaluations on the number of projects completed.
2. B. Comparing results with those of other engineering departments.
3. C. Creating a quality council within the engineering department.
4. D. Conducting post-project surveys on performance.

Correct Answer: A

- (Exam Topic 1)
An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Which of the following approaches is most appropriate to address this concern?

1. A. The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.
2. B. The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.
3. C. The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.
4. D. The organization should work with the service provider to review the current agreement and expectations relating to objectives, processes, and overall performance.

Correct Answer: B