IIA Internal Audit Function - IIA-CIA-Part3 FREE EXAM DUMPS QUESTIONS & ANSWERS

All of the following are true with regard to the first-in, first-out inventory valuation method except:

According to the Standards, the internal audit activity must evaluate risk exposures relating to which of the following when examining an organization ' s risk management process?
* Organizational governance.
* Organizational operations.
* Organizational information systems.
* Organizational structure.

Which of the following represents an example of a physical security control?

Which observations should the chief audit executive include in the executive summary of the final engagement communication?

Which of the following is a key characteristic of a zero-based budget?

For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?
* It significantly raises compensation and staffing costs.
* It produces resentment among the organization ' s employees in host countries.
* It limits career mobility for parent-country nationals.
* It can lead to cultural myopia.

An internal auditor is using data analytics to focus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the data. Which of the following statements is true regarding this scenario?

A company records income from an investment in common stock when it does which of the following?

Management has decided to change the organizational structure from one that was previously decentralized to one that is now highly centralized. As such: which of the following would be a characteristic of the now highly centralized organization?

During a payroll audit, the internal auditor is assessing the security of the local area network of the payroll department computers. Which of the following IT controls should the auditor test?

Which of the following situations best illustrates a " false positive " in the performance of a spam filter?

Which of the following statements accurately describes the responsibility of the internal audit activity regarding IT governance?
* The internal audit activity does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization.
* The internal audit activity must assess whether the IT governance of the organization supports the organization ' s strategies and objectives.
* The internal audit activity may assess whether the IT governance of the organization supports the organization ' s strategies and objectives.
* The internal audit activity may accept requests from management to perform advisory services regarding how the IT governance of the organization supports the organization ' s strategies and objectives.

Which of the following would best prevent unauthorized external changes to an organization ' s data?