Easy To Download IIA IIA-CIA-Part3-3P Exam Dumps Updated 487 Questions [Q123-Q137]

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Easy To Download IIA IIA-CIA-Part3-3P Exam Dumps Updated 487 Questions

New Updated IIA-CIA-Part3-3P Exam Questions 2022

NO.123 If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

NO.124 A remote location contains a data center with hardware available to support critical production systems as required in the recovery plan IT personnel periodically test and update systems at the data center. This is an example of which of the following recovery solutions?

Cold recovery plan

Critical recovery plan

Warm recovery plan

Tested recovery plan

NO.125 Which of the following accounting methods is an investor organization likely to use when buying 40 percent of the stock of another organization?

Cost method

Equity method

Consolidation method

Fair value method

NO.126 At what stage of project integration management would a project manager and project management team typically coordinate the various technical and organizational interfaces that exist in the project?

Project quality planning.

Project plan development.

Project plan execution.

Integrated change control.

NO.127 Which of the following statements is true regarding user-developed applications (UDAs) and traditional IT applications?

A UDA usually includes system documentation to illustrate its functions, and IT-developed applications typically do not require such documentation.

UDAs and traditional IT applications typically follow a similar development life cycle.

Unlike traditional IT applications, UDAs typically are developed with little consideration of controls.

IT testing personnel usually review both types of applications thoroughly to ensure they were developed properly.

NO.128 A company produces water buckets with the following costs per bucket:
Direct labor = $2
Direct material = $5
Fixed manufacturing = $3.50
Variable manufacturing = $2.50
The water buckets are usually sold for $15. However, the company received a special order for 50,000 water buckets at $11 each.
Assuming there is adequate manufacturing capacity and all other variables are constant, what is the relevant cost per unit to consider when deciding whether to accept this special order at the reduced price?

$11

$10.50

$9.50

$13

NO.129 Technological uncertainty, subsidy, and spin-offs are usually characteristics of:

Fragmented industries.

Declining industries.

Mature industries.

Emerging industries.

NO.130 Which of the following statements is true regarding outsourced business processes?

Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.

The system of internal controls may be better and more efficient when the business process is

The key controls of outsourced business processes typically are more difficult to audit because they are designed and managed externally.

Generally, independence is improved when the internal audit activity reviews outsourced business processes.

outsourced compared to internally sourced.

NO.131 According to Porter’s model of competitive strategy, which of the following is a generic strategy?
1 Differentiation.
2) Competitive advantage.
3) Focused differentiation.
4) Cost focus.

2 only

3 and 4 only

1, 3, and 4 only

1, 2, 3, and 4

NO.132 A multinational organization allows its employees to access work email via personal smart devices. However, users are required to consent to the installation of mobile device management (MDM) software that will remotely wipe data in case of theft or other incidents.
Which of the following should the organization ensure in exchange for the employees’ consent?

That employee consent includes appropriate waivers regarding potential breaches to their privacy.

That personal data on the device cannot be accessed and deleted by system administrators.

That monitoring of employees’ online activities is conducted in a covert way to avoid upsetting them.

That those employees who do not consent to MDM software cannot have an email account.

NO.133 Which of the following devices best controls both physical and logical access to information systems?

Plenum.

Biometric lock.

Electromechanical lock.

Identification card.

NO.134 Which of the following is the best example of IT governance controls?

Controls that focus on segregation of duties, financial and change management

Personnel policies that define and enforce conditions for staff in sensitive IT areas

Standards that support IT policies by more specifically defining required actions

Controls that focus on data structures and the minimum level of documentation required

NO.135 Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization’s physical assets?

Observation.

Inspection.

Original cost.

Vouching.

NO.136 According to IIA guidance, which of the following is the correct order to conduct a business impact analysis (BIA) for the potential loss of an organization’s network services”
1. identify resources and partners to provide required recovery services
2. Identify the business processes supporting the network functionality
3. Obtain approval of the BIA from the operating managers relative to their areas of responsibility
4. Identify the business impact if the network services cannot be performed

1, 2, 3, 4

2, 1, 4, 3

2, 4, 1, 3

4, 2, 1, 3

NO.137 Which of the following data analytics tools would be applied by an internal audit activity positioned at the lowest level of maturity?

Workflow and data capture technology

Data visualization applications.

Software integrated with central data warehouse

Spreadsheets.

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