[Jun-2022] IIA-CIA-Part3-3P Exam Dumps – Free Demo & 365 Day Updates [Q246-Q268]

NEW QUESTION 246
An organization is considering outsourcing its IT services, and the internal auditor is assessing the related risks. The auditor grouped the related risks into three categories:
Risks specific to the organization itself.
Risks specific to the service provider.
Risks shared by both the organization and the service provider.
Which of the following risks should the auditor classify as specific to the service provider?

NEW QUESTION 247
Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?

NEW QUESTION 248
Which of the following options correctly defines a transmission control protocol/Internet protocol (TCP/IP)?

NEW QUESTION 249
Which of the following statements accurately describes the responsibility of the internal audit activity (IAA) regarding IT governance?
1) The IAA does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization.
2) The IAA must assess whether the IT governance of the organization supports the organization’s strategies and objectives.
3) The IAA may assess whether the IT governance of the organization supports the organization’s strategies and objectives.
4) The IAA may accept requests from management to perform advisory services regarding how the IT governance of the organization supports the organization’s strategies and objectives.

NEW QUESTION 250
The board has requested that the internal audit activity be involved in all phases of the organization’s outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization’s right-to-audit clause is drafted effectively?

NEW QUESTION 251
According to the Standards, which of the following is based on the assertion that the quality of an organization’s risk management process should improve with time?

NEW QUESTION 252
Which of the following are appropriate reasons for internal auditors to document processes as part of an audit engagement?
1) To determine areas of primary concern.
2) To establish a standard format for process mapping.
3) To define areas of responsibility within the organization.
4) To assess the performance of employees.

NEW QUESTION 253
During an audit of the organization’s annual financial statements, the internal auditor notes that the current cost of goods sold percentage is substantially higher than in prior years. Which of the following is the most likely explanation for this increase?

NEW QUESTION 254
Technological uncertainty, subsidy, and spin-offs are usually characteristics of:

NEW QUESTION 255
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

NEW QUESTION 256
Which of the following statements is true concerning the basic accounting treatment of a partnership?

NEW QUESTION 257
Which of the following statements about COBIT is not true?

NEW QUESTION 258
Which of the following statements are true regarding the use of heat maps as risk assessment tools?
1. They focus primarily on known risks, limiting the ability to identify new risks.
2. They rely heavily on objective assessments and related risk tolerances.
3. They are too complex to provide an easily understandable view of key risks.
4. They are helpful but limited in value in a rapidly changing environment.

NEW QUESTION 259
An internal audit manager is explaining to a newly hired staff auditor the various analytics techniques frequently used by the internal audit activity Which of the following statements is true regarding these analytics techniques?

NEW QUESTION 260
Which mindset promotes the most comprehensive risk management strategy?

NEW QUESTION 261
Which of the following would be a risk in the development of end-user computing (EUC) applications, compared to traditional information systems?

NEW QUESTION 262
During which of the following phases of contracting does the organization analyze whether the market is aligned with organizational objectives?

NEW QUESTION 263
In the years after the mind-service point of a depreciable asset which of the following depreciation methods will result in the highest depreciation expense?

NEW QUESTION 264
Organization X owns a 38 percent equity stake in Organization Y.
Which of the following statements is true regarding the financial treatment for this relationship?

NEW QUESTION 265
Which of the following is a key characteristic of a zero-based budget?

NEW QUESTION 266
In an organization’s established accounts payable department employees perform highly structured activities follow clearly defined procedures and have strict deadlines for performing their tasks The head of the department recently retired, and a new department head was hired To achieve the greatest benefit for this department and avoid redundancy the new leader should adopt which of the following leadership styles?

NEW QUESTION 267
An employee frequently uses a personal smart device to send and receive work-related emails. Which of the following controls would be most effective to mitigate security risks related to these transmissions?

NEW QUESTION 268
Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered:
Activity Level –
Maintenance Cost
Month
Patient Days
January
5,600
$7,900
February
7,100
$8,500
March
5,000
$7,400
April
6,500
$8,200
May
7,300
$9,100
June
8,000
$9,800
If the cost of maintenance is expressed in an equation, what is the independent variable for this data?