Question No. 1

Which of these instances accurately describes the responsibilities for big data governance?

AManagement must ensure information storage systems are appropriately defined and processes to update critical data elements are clear.

BExternal auditors must ensure that analytical models are periodically monitored and maintained.

CThe board must implement controls around data quality dimensions to ensure that they are effective.

DInternal auditors must ensure the quality and security of data, with a heightened focus on the riskiest data elements.

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Correct Answer: A

Question No. 2

Which of the following concepts of managerial accounting is focused on achieving a point of low or no inventory?

ATheory of constraints.

BJust-in-time method.

CActivity-based costing.

DBreak-even analysis

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Correct Answer: C

Question No. 3

Which of the following analytical techniques would an internal auditor use to verify that none of an organization's employees are receiving fraudulent invoice payments?

APerform gap testing.

BJoin different data sources.

CPerform duplicate testing.

DCalculate statistical parameters.

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Correct Answer: B

Question No. 4

An organization that relies heavily on IT wants to contain the impact of potential business disruption to a period of approximately four to seven days. Which of the following

business recovery strategies would most efficiently meet this organization's needs?

AA recovery strategy whereby a separate site has not yet been determined, but hardware has been reserved for purchase and data backups.

BA recovery strategy whereby a separate site has been secured and is ready for use, with fully configured hardware and real-time synchronized data

CA recovery strategy whereby a separate site has been secured and the necessary funds for hardware and data backups have been reserved.

DA recovery strategy whereby a separate site has been secured with configurable hardware and data backups.

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Correct Answer: D

Question No. 5

An organization has a declining inventory turnover but an Increasing gross margin rate, Which of the following statements can best explain this situation?

AThe organization's operating expenses are increasing.

BThe organization has adopted just-in-time inventory.

CThe organization is experiencing Inventory theft

DThe organization's inventory is overstated.

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Correct Answer: B

Free IIA IIA-CIA-Part3 Exam Actual Questions

The questions for IIA-CIA-Part3 were last updated On Nov 18, 2024