Free IIA-CIA-Part3 Exam Braindumps

- (Exam Topic 1)
According to Porter, which of the following is associated with fragmented industries?

1. A. Weak entrance barriers.
2. B. Significant scale economies.
3. C. Steep experience curve.
4. D. Strong negotiation power with suppliers.

Correct Answer: A

- (Exam Topic 1)
When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
* 1. Management’s tolerance for specific risks.
* 2. The cost versus benefit of implementing a control.
* 3. Whether a control can mitigate multiple risks.
* 4. The ability to test the effectiveness of the control.

1. A. 1, 2, and 3
2. B. 1, 2, and 4
3. C. 1, 3, and 4
4. D. 2, 3, and 4

Correct Answer: C

- (Exam Topic 2)
What would be the effect it an organization paid one of its liabilities twice during the year in error?

1. A. Assets liabilities and owners' equity would be understated
2. B. Assets net income and owners' equity would be unaffected
3. C. Assets and liabilities would be understated
4. D. Assets net income and owners' equity would be understated, but liabilities would be overstated

Correct Answer: B

- (Exam Topic 1)
Which of the following is false with regard to Internet connection firewalls?

1. A. Firewalls can protect against computer viruses.
2. B. Firewalls monitor attacks from the Internet.
3. C. Firewalls provide network administrators tools to retaliate against hackers.
4. D. Firewalls may be software-based or hardware-based.

Correct Answer: A

- (Exam Topic 1)
Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?

1. A. Specializing in proven manufacturing techniques that have made the organization profitable in the past.
2. B. Substituting its own production technology with advanced techniques used by its competitors.
3. C. Forgoing profits over a period of time to gain market share from its competitors.
4. D. Using the same branding to sell its products through new sales channels to target new markets.

Correct Answer: A