Get IIA IIA-CIA-Part3-3P Dumps Questions [2022] To Gain Brilliant Result [Q129-Q152]

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Get IIA IIA-CIA-Part3-3P Dumps Questions [2022] To Gain Brilliant Result

IIA-CIA-Part3-3P dumps – Real4Prep – 100% Passing Guarantee

QUESTION 129
The first step in determining product price is:

Determining the cost of the product.

Developing pricing objectives.

Evaluating prices set by the competitors.

Selecting a pricing method.

QUESTION 130
Which of the following statements is true regarding an organization’s inventory valuation1?

The valuation will be incorrect it the inventory includes goods m transit shipped free on board (FOB) destination to another organization

The valuation will be correct if the inventory includes goods received on consignment from another organization

The valuation will be incorrect it the inventory includes goods in transit shipped FOB shipping point from another organization

The valuation will be correct it the inventory includes goods sent on consignment to another organization

QUESTION 131
Which of the following standards would be most useful in evaluating the performance of a customer-service group?

The average time per customer inquiry should be kept to a minimum.

Customer complaints should be processed promptly.

Employees should maintain a positive attitude when dealing with customers.

All customer inquiries should be answered within seven days of receipt.

QUESTION 132
Which of the following should be established by management during implementation of big data systems to enable ongoing production monitoring?

Key performance indicators

Reports of software customization

Change and patch management

Master data management

QUESTION 133
When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:

Identifying risks to the organization’s operations.

Observing and analyzing controls.

Prioritizing known risks.

Reviewing organizational objectives.

QUESTION 134
Which of the following IT disaster recovery plans includes a remote site designated for recovery with available space for basic services, such as internet and telecommunications, but does not have servers or infrastructure equipment?

Warm site.

Frozen site.

Hot site.

Cold site.

QUESTION 135
According to IIA guidance, which of the following corporate social responsibility (CSR) activities is appropriate for the internal audit activity to perform?

Determine the optimal amount of resources for the organization to invest in CSR.

Align CSR program objectives with the organization’s strategic plan.

Integrate CSR activities into the organization’s decision-making process.

Determine whether the organization has an appropriate policy governing its CSR activities.

QUESTION 136
According to IIA guidance on IT which of the following best describes a but recovery and restore processes have not been defined?

Hot recovery plan

Warm recovery plan

Cold recovery plan.

Absence of recovery plan

QUESTION 137
Which of the following statements is true regarding change management?

The degree of risk associated with a proposed change determines whether the change request requires authorization.

To protect the production environment, changes must be managed in a repeatable, defined, and predictable manner.

Changes are only required by software programs.

Program changes generally are developed and tested in the production environment.

QUESTION 138
Which of the following is a characteristic of big data?

Big data is often structured.

Big data is often generated slowly and is highly variable.

Big data analytic results often need to be visualized.

Big data comes from internal sources kept in data warehouses.

QUESTION 139
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?

An application control review

A source code review

A design review

An access control review

QUESTION 140
A retail organization mistakenly did not include S10.000 of inventory in the physical count at the end of the year. What was the impact to the organization’s financial statements?

Cost of sales and net income are understated

Cost of sales and net income are overstated

Cost of sales is understated and net income is overstated.

Cost of sales is overstated and net income is understated.

QUESTION 141
Which of the following statements is true regarding the risks associated with the increased use of smart devices at work?

Due to their small size and portability smart devices and their associated data are typically less susceptible to physical loss

The Bluetooth and WI-FI features of smart devices enhance the security of data while in transit

The global positioning system (GPS) capability of smart devices could be exploited to plan cyberattacks

When the user fads to perform jailbreaking or rooting, data security and privacy risks we increased

QUESTION 142
A multinational organization involved in online business has planned to set up a help desk service. Which of the following best describes the role performed by the help desk?

Monitoring access to the online database.

Backing up and maintaining archived data.

Responding to customer inquiries.

Maintaining and assuring network security.

QUESTION 143
An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?

Avoidance.

Reduction.

Elimination.

Sharing.

QUESTION 144
An internal auditor computed that one of the organization’s accounting divisions is processing 30 travel reports per hour while another accounting division is processing 22 travel reports per hour.
Which of the following efficiency measures did the internal auditor most likely employ?

Asset efficiency rate.

Productivity rate.

Resource utilization rate.

Operating rate.

QUESTION 145
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?

The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.

The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.

The organization should work with the service provider to review the current agreement and

The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.

QUESTION 146
Which of the following can be classified as debt investments?

Acquisition of common of a stock corporation.

Investments in the capital stock of a corporation.

Acquisition of government bonds.

Contents of an investment portfolio.

QUESTION 147
Which of the following examples demonstrates that the internal audit activity uses descriptive analytics in its engagements?

An internal auditor analyzed electricity production and sales interim reports and compiled a risk assessment.

An internal auditor extracted sales data to a spreadsheet and applied judgmental analysis for sampling.

An internal auditor classified solar panel sales by region and discovered unsuccessful sales representatives.

An internal auditor broke down a complex process into smaller pieces to make it more understandable.

QUESTION 148
Which of the following describes a third-party network that connects an organization specifically with its trading partners?

Wide area network (WAN).

Local area network (LAN).

Metropolitan area network (MAN).

Value-added network (VAN).

QUESTION 149
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?

$350,000

$500,000

$850,000

$1,200,000

QUESTION 150
Which of the following is the first step an internal audit activity should undertake when executing a data analytics process?

Conduct a risk assessment regarding the effectiveness of the data analytics process.

Analyze possible and available sources of raw data

Define the purpose and the anticipated value

Select data for cleaning and normalization procedures.

QUESTION 151
During disaster recovery planning, the organization established a recovery point objective. Which of the following best describes this concept?

The minimum recovery resources needed after the occurrence of an incident.

The maximum tolerable data loss after the occurrence of an incident.

The maximum tolerable risk related to the occurrence of an incident.

The maximum tolerable downtime after the occurrence of an incident.

QUESTION 152
According to IIA guidance on IT. which of the following plans would pair the identification of critical business processes with recovery time objectives?

The business continuity management charter.

The business continuity risk assessment plan

The business impact analysis plan

The business case for business continuity planning