Free IIA-CIA-Part3 Exam Braindumps

- (Exam Topic 1)
One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:

1. A. Program versions are synchronized across the network.
2. B. Emergency move procedures are documented and followed.
3. C. Appropriate users are involved in program change testing.
4. D. Movement from the test library to the production library is controlled.

Correct Answer: A

- (Exam Topic 1)
A capital investment project will have a higher net present value, everything else being equal, if it has:

1. A. A higher initial investment level.
2. B. A higher discount rate.
3. C. Cash inflows that are larger in the later years of the life of the project.
4. D. Cash inflows that are larger in the earlier years of the life of the project.

Correct Answer: D

- (Exam Topic 1)
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

1. A. $350,000
2. B. $500,000
3. C. $850,000
4. D. $1,200,000

Correct Answer: B

- (Exam Topic 1)
Which of the following statements regarding organizational governance is not correct?

1. A. An effective internal audit function is one of the four cornerstones of good governance.
2. B. Those performing governance activities are accountable to the customer.
3. C. Accountability is one of the key elements of organizational governance.
4. D. Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.

Correct Answer: B

- (Exam Topic 2)
An organization is developing a new online collaboration tool for employees. The tool includes a homepage that is customized to each employee according to his department and job function Which of the following engagements should be conducted to ensure that the organization has included all departments and job
functions in the system before it is implemented?

1. A. An application control review
2. B. A source code review
3. C. A design review
4. D. An access control review

Correct Answer: C