IIA IIA-CIA-Part3-3P Dumps

It values inventory close to current replacement cost.

It generates the highest profit when prices are rising.

It approximates the physical flow of goods.

It minimizes current-period income taxes.

Each party's negotiator presents a menu of options to the other party.

Each party adopts one initial position from which to start.

Each negotiator minimizes the information provided to the other party.

Each negotiator starts with an offer, which is optimal from the negotiator's perspective.

Cash discounts.

Quantity discounts.

Functional discounts.

Seasonal discounts.

Sort on product identification code and identify missing product identification codes.

Review store identification code and identify missing product identification codes.

Compare product identification codes for consecutive periods.

Compare product identification codes by store for consecutive periods.

In a matrix organization, conflict between functional and product managers may arise.

In a matrix organization, staff under dual command is more likely to suffer stress at work.

Matrix organizations offer the advantage of greater flexibility.

Matrix organizations minimize costs and simplify communication.

Monitoring.

Control activities.

Risk assessment.

Control environment.

Cutbacks in preventive maintenance.

An inadequately trained and supervised labor force.

A large number of rush orders.

Production of more units than planned for in the master budget.

Test marketing

Experimentation

Segmentation

Positioning

Process element.

Key principles.

Maturity model.

Assurance.

1 and 4 only

2 and 3 only

2, 3, and 4 only

1, 2, and 4 only

Adequate segregation of duties between data processing controls and file security controls.

Documented procedures for remote job entry and for local data file retention.

Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.

Established procedures to prevent and detect unauthorized changes to data files.

Merger.

Strategic fit.

Joint venture.

Strategic goal.

There is an external market for that service.

The selling department operates at 50 percent of its capacity.

The purchasing department has more negotiating power than the selling department.

There is no external market for that service.

Both the key used to encrypt the data and the key used to decrypt the data are made public.

The key used to encrypt the data is kept private but the key used to decrypt the data is made public.

The key used to encrypt the data is made public but the key used to decrypt the data is kept private.

Both the key used to encrypt the data and the key used to decrypt the data are made private.

Unrealized expectations can be avoided with open and honest discussion.

Reorganization would probably not help ambiguous or overlapping jurisdictions.

Deferring action should be used until there is sufficient time to fully deal with the issue.

Timely and unambiguous clarification of roles and responsibilities will eliminate most interpersonal conflict.

Have to initiate a price war in order to enter the industry.

Face increased production costs.

Face increased marketing costs.

Face higher learning costs, which would increase fixed costs.

End users have their read-only applications approved by the information systems department before accessing the database.

Concurrency update controls are in place.

End-user applications are developed on personal computers before being implemented on the

mainframe.

A hierarchical database model is adopted so that multiple users can be served at the same time.

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.

Times interest earned, return on assets, and inventory turnover.

Accounts receivable turnover, inventory turnover in days, and the current ratio.

Accounts receivable turnover, return on assets, and the current ratio.

Inventory turnover in days, the current ratio, and return on equity.

The process is not sustained and is not optimized as planned.

There is a lack of alignment to organizational strategies.

The operational quality is less than projected.

There is increased potential for loss of assets.

Introduction.

Growth.

Maturity.

Decline.

Priority over common stock with regard to dilution of shares.

Priority over common stock with regard to earnings.

Priority over common stock with regard to dividend payment.

Priority over common stock with regard to assets.

Marketing.

Finance.

Production.

Diversification.

Common stock pays dividends as a stated percentage of face value.

Common stock has priority over preferred stock with regard to earnings and assets.

Preferred dividends are usually cumulative.

Preferred stock with no conversion feature has a higher dividend yield than does convertible preferred stock.

Buying an insurance policy to protect against loss events.

Hedging against natural gas price fluctuations.

Selling a non-strategic business unit.

Outsourcing a high risk process to a third party.

Risk response.

Risk identification.

Identification of context.

Risk assessment.

Star network.

Bus network.

Token ring network.

Mesh network.

Conform with all other parts of The IIA's Standards and provide appropriate disclosures.

Conform with all other parts of The IIA's Standards; there is no need to provide appropriate disclosures.

Continue the engagement without conforming with the other parts of The IIA's Standards.

Withdraw from the engagement.

Basing performance evaluations on the number of projects completed.

Comparing results with those of other engineering departments.

Creating a quality council within the engineering department.

Conducting post-project surveys on performance.

Interviewing the organization's employees.

Observing the organization's operations.

Reading the board's minutes.

Inspecting manuals and documents.

$34,000

$51,000

$60,000

$320,000

$160

$210

$350

$490

1 and 3.

1 and 4.

2 and 3.

2 and 4.

1 and 2 only

2 and 3 only

3 and 4 only

1, 2, and 3 only

Accommodating.

Compromising.

Collaborating.

Competing.

Exception report identifying payment anomalies.

Documented policy and procedures.

Periodic account reconciliation of contractor charges.

Monthly management review of all contractor activity.

1 and 3 only

1 and 4 only

2 and 3 only

2 and 4 only

$1.480.000

$1 500 000

$1,610.000

$1650 000

Liquidity.

Profitability.

Solvency.

Efficiency.

Open-book management

Quality control circles

Self-managed teams

Cross-functional teams

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.

Market price.

Negotiation-based.

Full absorption cost

Variable cost

All personal information, by definition is considered to be sensitive, requiring specialized controls.

Information is not considered personal if it can only be linked to or used to identify an individual indirectly.

Individuals who provide personal information to organizations share in the risk of inappropriate

disclosure.

Good protection controls remove any restrictions on the quantity of personal information that can be collected

Investments in the capital stock of a corporation.

Acquisition of government bonds.

Contents of an investment portfolio.

Acquisition of common of a stock corporation.

Change management controls

Physical and environmental controls.

System software controls

Organization and management controls

The business continuity management charter.

The business continuity risk assessment plan

The business impact analysis plan

The business case for business continuity planning

Encrypted physical copies of the data and their encryption keys are stored together at the organization and are readily available upon request

Encrypted physical copies of the data are stored separately from their encryption keys and both are held in secure locations a few hours away from me organization

Encrypted reports on usage and database structure changes are stored on a cloud-based. secured database that is readily accessible

Encrypted copies of the data are stored in a separate secure location a few hours away while the encryption keys are stored at the organization and are readily available

To inform the classification of the data population.

To determine the completeness and accuracy of the data.

To identify whether the population contains outliers.

To determine whether duplicates in the data inflate the range.

Value-added network (VAN).

Local area network (LAN).

Metropolitan area network (MAN).

Wide area network (WAN).

Workflow and data capture technology

Data visualization applications.

Software integrated with central data warehouse

Spreadsheets.

Standards used for evaluation and control are determined at local subsidiaries, not set by headquarters.

Orders, commands and advice are sent to the subsidiaries from headquarters.

People of local nationality are developed for the best positions within their own country

There is a significant amount of collaboration between headquarters and subsidiaries.

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

It is a more successful approach when adopted by mechanistic organizations

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

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

To protect the effective performance of IT general and application controls.

To regulate users' behavior in the web and cloud environment.

To prevent unauthorized access to information assets.

To secure application of protocols and authorization routines.

Affective component.

Cognition component.

Thinking component.

Behavioral component.

Reversing all previous closing adjustments is a mandatory step in the accounting cycle

Reversing entries should be completed at the end of the next accounting period after recording regular transactions of the period

Reversing entries are identical to the adjusting entries made in the previous period.

Reversing entries are the exact opposite of the adjustments made in the previous period.

Sum of the years' digits

Declining balance

Double-declining balance

Straight line

The auditor is normalizing data in preparation for analyzing it

The auditor is analyzing the data in preparation for communicating the results

The auditor is cleaning the data in preparation for determining which processes may tie involved

The auditor is reviewing the data prior to defining the question

Suspend assumptions and negative feedback

Weight suggestions based on the speaker's level of authority.

Discuss the details of all options presented

Provide documentation to support their positions

They improve the effectiveness of spot check testing techniques

They allow greater insight into high risk areas.

They reduce the overall scope of the audit engagement.

They increase the internal auditor's objectivity

Diagnostic analytics

Descriptive analytics

Prescriptive analytics

Predictive analytics

Data center operations manager.

Response and support team.

Database administrator.

Network administrator.

Requested backup tapes were not returned from the offsite vendor in a timely manner

Returned backup tapes from the offsite vendor contained empty spaces

Critical systems have been Backed up more frequently than required.

Critical system backup tapes are taken off site less frequently than required.

Data is synchronized in real lime

Recovery time is expected to be less than one week

Servers are not available and need to be procured

Recovery resources and data restore processes have not been defined

End-to-end testing

IT systems and application walkthrough

Tabletop or boardroom-style testing

Desk check testing

Data values fall within a prescribed range.

Error listings are generated and promptly remediated.

Report distribution is restricted to authorized personnel.

Field amounts contain an upper or lower limit.

A slight increase in carrying costs.

A greater need for inspection of goods as the goods arrive.

A greater need for linkage with a vendor s computerized order entry system.

An increase in the number of suitable suppliers

Divesting product lines expected to have negative profitability.

Increasing the diversity of strategic business units.

Increasing investment in research and development for a new product.

Relocating the organization's manufacturing to another country.

User accounts will be locked alter three unsuccessful attempts to access the system

Users will not be allowed to use any of their last five passwords to access the system

Users will be assigned rights to access the system based on their job responsibilities

Users will automatically lose access to the system after 15 minutes of inactivity

Export strategy

Transnational strategy.

Multi-domestic strategy

Globalization strategy.

A clothing company designs makes and sells a new item.

A commercial constructor company is hired to build a warehouse.

A city department sets up a new firefighter training program.

A manufacturing organization acquires component parts from a contracted vendor

When a manufacturing organization has stable demand for its products.

When an organization is subjected to strong political and social pressures

When a manufacturer has reliable resources and suppliers

When an organization is infrequently affected by technological advances

The lack of legal and industry frameworks on privacy.

The absence of generally accepted privacy principles.

The rapid growth and evolution of technology.

The legislated need to retain sensitive personal information.

Cybercriminals hacking into the organization's time and expense system to collect employee personal data.

Hackers breaching the organization's network to access research and development reports.

A denial-of-service attack that prevents access to the organization's website.

A hacker accessing the financial information of the company.