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?
A. Perform gap testing.
B. Join different data sources.
C. Perform duplicate testing.
D. Calculate statistical parameters.
Which of the following statements is true concerning the basic accounting treatment of a partnership?
A. The initial investment of each partner should be recorded at book value.
B. The ownership ratio identifies the basis for dividing net income and net loss.
C. A partner's capital only changes due to net income or net loss.
D. The basis for sharing net incomes or net losses must be fixed.
An organization accomplishes its goal to obtain a 40 percent share of the domestic market, but is unable to get the desired return on investment and output per hour of labor. Based on this information, the organization is most likely focused on which of the following?
A. Capital investment and not marketing.
B. Marketing and not capital investment.
C. Efficiency and not input economy.
D. Effectiveness and not efficiency.
An internal auditor reviews a data population and calculates the mean, median, and range. What is the most likely purpose of performing this analytic technique?
A. To inform the classification of the data population.
B. To determine the completeness and accuracy of the data.
C. To identify whether the population contains outliers.
D. To determine whether duplicates in the data inflate the range.
An organization that sells products to a foreign subsidiary wants to charge a price that will decrease import tariffs. Which of the following is the best course of action for the organization?
A. Decrease the transfer price.
B. Increase the transfer price.
C. Charge at the arm's length price.
D. Charge at the optimal transfer price.
An investor has acquired an organization that has a dominant position in a mature, slow-growth industry and consistently creates positive financial income. Which of the following terms would the investor most likely label this investment in her portfolio?
A. A star.
B. A cash cow.
C. A question mark.
D. A dog.
An organization with global headquarters in the United States has subsidiaries in eight other nations. If the organization operates with an ethnocentric attitude, which of the following statements is true?
A. Standards used for evaluation and control are determined at local subsidiaries, not set by headquarters.
B. Orders, commands, and advice are sent to the subsidiaries from headquarters.
C. People of local nationality are developed for the best positions within their own country.
D. There is a significant amount of collaboration between headquarters and subsidiaries.
Which of the following data security policies is most likely to be the result of a data privacy law?
A. Access to personally identifiable information is limited to those who need it to perform their job.
B. Confidential data must be backed up and recoverable within a 24-hour period.
C. Updates to systems containing sensitive data must be approved before being moved to production.
D. A record of employees with access to insider information must be maintained, and those employees may not trade company stock during blackout periods.
A large retail customer made an offer to buy 10,000 units at a special price of $7 per unit. The manufacturer usually sells each unit for $10. Variable manufacturing costs are $5 per unit and fixed manufacturing costs are $3 per unit. For the manufacturer to accept the offer, which of the following assumptions needs to be true?
A. Fixed and variable manufacturing costs are less than the special offer selling price.
B. The manufacturer can fulfill the order without expanding the capacities of the production facilities.
C. Costs related to accepting this offer can be absorbed through the sale of other products.
D. The manufacturer's production facilities are currently operating at full capacity.
Which of the following responsibilities would ordinarily fall under the help desk function of an organization?
A. Maintenance service items such as production support.
B. Management of infrastructure services, including network management.
C. Physical hosting of mainframes and distributed servers.
D. End-to-end security architecture design.
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only IIA exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your IIA-CIA-PART3 exam preparations and IIA certification application, do not hesitate to visit our Vcedump.com to find your solutions here.