IIA IIA Certifications IIA-CIA-PART3 Questions & Answers

• Question 101:

  When using data analytics during a review of the procurement process, what is the first step in the analysis process?

  A. Identify data anomalies and outliers.

  B. Define questions to be answered.

  C. Identify data sources available.

  D. Determine the scope of the data extract.

  Correct Answer: D

• Question 102:

  What is the primary purpose of an integrity control?

  A. To ensure data processing is complete, accurate, and authorized.

  B. To ensure data being processed remains consistent and intact.

  C. To monitor the effectiveness of other controls.

  D. To ensure the output aligns with the intended result.

  Correct Answer: B

  Reference: https://phoenixnap.com/blog/what-data-integrity

• Question 103:

  Which of the following physical access controls is most likely to be based on "something you have" concept?

  A. A retina characteristics reader.

  B. A PIN code reader.

  C. A card-key scanner.

  D. A fingerprint scanner.

  Correct Answer: D

• Question 104:

  According to IIA guidance, which of the following statements is true regarding analytical procedures?

  A. Data relationships are assumed to exist and to continue where no known conflicting conditions exist.

  B. Analytical procedures are intended primarily to ensure the accuracy of the information being examined.

  C. Data relationships cannot include comparisons between operational and statistical data.

  D. Analytical procedures can be used to identify unexpected differences, but cannot be used to identify the absence of differences.

  Correct Answer: B

• Question 105:

  An organization uses the management-by-objectives method, whereby employee performance is based on defined goals. Which of the following statements is true regarding this approach?

  A. It is particularly helpful to management when the organization is facing rapid change.

  B. It is a more successful approach when adopted by mechanistic organizations.

  C. It is more successful when goal-setting is performed not only by management, but by all team members, including lower-level staff.

  D. It is particularly successful in environments that are prone to having poor employer-employee relations.

  Correct Answer: D

• Question 106:

  Which of the following is a disadvantage in a centralized organizational structure?

  A. Communication conflicts.

  B. Slower decision making.

  C. Loss of economies of scale.

  D. Vulnerabilities in sharing knowledge.

  Correct Answer: B

  Reference: https://smallbusiness.chron.com/disadvantages-centralized-control-business-20670.html

• Question 107:

  An organization's account for office supplies on hand had a balance of $9,000 at the end of year one. During year two, the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two, a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

  A. A debit to office supplies on hand for $2,500

  B. A debit to office supplies on hand for $11,500

  C. A debit to office supplies on hand for $20,500

  D. A debit to office supplies on hand for $42,500

  Correct Answer: C

• Question 108:

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

  A. The business continuity management charter.

  B. The business continuity risk assessment plan.

  C. The business impact analysis plan.

  D. The business case for business continuity planning.

  Correct Answer: C

  Reference: https://searchitchannel.techtarget.com/feature/Business-impact-analysis-for-businesscontinuity-Recovery-time-requirements

• Question 109:

  An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

  A. 26 days.

  B. 90 days.

  C. 100 days.

  D. 110 days.

  Correct Answer: D

• Question 110:

  According to IIA guidance on IT, which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?

  A. Formulas and static data are locked or protected.

  B. The spreadsheet is stored on a network server that is backed up daily.

  C. The purpose and use of the spreadsheet are documented.

  D. Check-in and check-out software is used to control versions.

  Correct Answer: A