Updated Sep-2022 Premium IIA-CIA-Part3 Exam Engine pdf – Download Free Updated 265 Questions [Q22-Q45]

NEW QUESTION 22
A domestic company has sales divisions in country X and country Y. The company sells only one product. Which costs US $20 per unit to produce. There are no trade barriers or tariffs among the three countries. Information specific to each of the three countries is as follows:

When selling items to its sales division s) in <List A>. the Company should set the <List B>
allowable transfer price.

NEW QUESTION 23
Which of the following is the best example of a compliance risk that Is likely to arise when adopting a bring-your-own-device (BYOD) policy?

NEW QUESTION 24
Shown below is a forecast of sales for the first 4 months of the year all amounts are in thousands of dollars).

On average, 50% of credit sales are paid for in the month of sale, 30% in the month following the sale, and the remainder is paid 2 months after the month of sale. Assuming there are no bad debts, what is the expected cash inflow in March?

NEW QUESTION 25
If two entities, entity’ – and entity Y. are alike in all respects except that entity X employs more debt financing and less equity financing than entity Y does. which of the following statements is true?

NEW QUESTION 26
Assigning passwords to computer users is a control to prevent unauthorized access. Because a password does not conclusively identify a specific individual, it must be safeguarded from theft. A method used to protect passwords is to

NEW QUESTION 27
While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix. The manager has asked the auditor for advice about increasing advertising of various products. During which stage of the life cycle would it be appropriate to advertise that the entity’s product is the lowest price and best quality of all competitors?

NEW QUESTION 28
If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

NEW QUESTION 29
In an organization that produces chocolate, the leadership team decides that the organization will open a milk production facility for its milk chocolate. Which of the following strategies have the organization chosen?

NEW QUESTION 30
A characteristic of the payback method before taxes) is that it:

NEW QUESTION 31
According to IIA guidance, which of the following is a primary component of a network security strategy?

NEW QUESTION 32
A supervisor receives a complaint from an employee who is frustrated about having to learn a new software program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:

NEW QUESTION 33
Which of the following statements about voice communications is true?

NEW QUESTION 34
Which of the following is a result of Implementing on e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and biting?

NEW QUESTION 35
Traditional information systems development procedures that ensure proper consideration
of controls may not be followed by users developing end-user computing EUC) applications.
Which of the following is a prevalent risk in the development of EUC applications?

NEW QUESTION 36
What selling price would the company have to charge for its product in Year 2 to maintain the same contribution margin percentage rate as in Year 1?

NEW QUESTION 37
The bullwhip, or whiplash, effect on inventories begins when retailers face uncertain demand from consumers caused by randomness in buying habits. It can be avoided by:

NEW QUESTION 38
Which of the following is a primary driver behind the creation and prioritization of new strategic initiatives established by an organization?

NEW QUESTION 39
A vendor sells specialty inks on consignment to a manufacturer of colored paper at a price of US $200 per barrel. Payment is made to the vendor in the month the manufacturer uses the barrels in production. The vendor records revenues when the barrels are shipped and makes no adjusting entries to record unearned revenues until the December 31 closing of the books. At the end of July the manufacturer had 40 barrels of ink on consignment.
During August, the vendor consigned 50 barrels and received payment for 30 barrels. Another five barrels were returned to the vendor by the manufacturer for credit. At the end of August, what is the amount of unearned revenue contained in the vendor’s accounts receivable from the manufacturer?

NEW QUESTION 40
While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix Under such a philosophy, the price charged on a consistent basis for a specific product would probably be lowest during which life cycle stage?

NEW QUESTION 41
To avoid invalid data input, a bank added an extra number at the end of each account number and subjected the new number to an algorithm. This technique is known as:

NEW QUESTION 42
The economic value of an entity will rise following an increase in:

NEW QUESTION 43
During the past few years, Wilder Company has experienced the following average number of power outages:

Each power outage results in out-of-pocket costs of US $800. For US $1.000 per month, Wilder can lease a generator to provide power during outages. If Wilder leases a generator in the coming year, the estimated savings (or additional expense) for the year will be:

NEW QUESTION 44
Refer to the exhibit.

If the profit margin of an organization decreases, and all else remains equal, which of the following describes how the “Funds Needed” line in the graph below will shift?

NEW QUESTION 45
A manager has difficulty motivating staff to improve productivity, despite establishing a lucrative individual reward system. Which of the following is most likely the cause of the difficulty?