IIA-CIA-Part3 Practice Questions| TestInsights

Question 1

Internal auditors want to increase the likelihood of identifying very small control and transaction anomalies in their testing that could potentially be exploited to cause material breaches. Which of the following techniques would best meet this objective?

AAnalysis of the full population of existing data.

BVerification of the completeness and integrity of existing data.

CContinuous monitoring on a repetitive basis.

DAnalysis of the databases of partners, such as suppliers.

Correct : A

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AAnalysis of the full population of existing data.

BVerification of the completeness and integrity of existing data.

CContinuous monitoring on a repetitive basis.

DAnalysis of the databases of partners, such as suppliers.

Question 2

An internal auditor discusses user-defined default passwords with the database administrator. Such passwords will be reset as soon as the user logs in for the first time, but the initial value of the password is set as "123456." Which of the following are the auditor and the database administrator most likely discussing in this situation?

AWhether it would be more secure to replace numeric values with characters.

BWhat happens in the situations where users continue using the initial password.

CWhat happens in the period between the creation of the account and the password change.

DWhether users should be trained on password management features and requirements.

Correct : B

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AWhether it would be more secure to replace numeric values with characters.

BWhat happens in the situations where users continue using the initial password.

CWhat happens in the period between the creation of the account and the password change.

DWhether users should be trained on password management features and requirements.

Question 3

Which of the following should internal auditors be attentive of when reviewing personal data consent and opt-in/opt-out management process?

AWhether customers are asked to renew their consent for their data processing at least quarterly.

BWhether private data is processed in accordance with the purpose for which the consent was obtained?

CWhether the organization has established explicit and entitywide policies on data transfer to third parties.

DWhether customers have an opportunity to opt-out the right to be forgotten from organizational records and systems.

Correct : C

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AWhether customers are asked to renew their consent for their data processing at least quarterly.

BWhether private data is processed in accordance with the purpose for which the consent was obtained?

CWhether the organization has established explicit and entitywide policies on data transfer to third parties.

DWhether customers have an opportunity to opt-out the right to be forgotten from organizational records and systems.

Question 4

In an effort to increase business efficiencies and improve customer service offered to its major trading partners, management of a manufacturing and distribution company established a secure network, which provides a secure channel for electronic data interchange between the company and its partners. Which of the following network types is illustrated by this scenario?

AA value-added network.

BA local area network.

CA metropolitan area network.

DA wide area network.

Correct : A

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AA value-added network.

BA local area network.

CA metropolitan area network.

DA wide area network.

Question 5

Which of the following statements is true regarding the term "flexible budgets" as it is used in accounting?

AThe term describes budgets that exclude fixed costs.

BFlexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.

CThe term is a red flag for weak budgetary control activities.

DFlexible budgets project data for different levels of activity.

Correct : D

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AThe term describes budgets that exclude fixed costs.

BFlexible budgets exclude outcome projections, which are hard to determine, and instead rely on the most recent actual outcomes.

CThe term is a red flag for weak budgetary control activities.

DFlexible budgets project data for different levels of activity.

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