Free IIA-CIA-Part3 Exam Dumps

Question 91

- (Exam Topic 1)
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.

Correct Answer:B

Question 92

- (Exam Topic 2)
Which of the following principles is shared by both hierarchical and open organizational structures?
* 1. A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions
* 2. A supervisor's span of control should not exceed seven subordinates
* 3. Responsibility should be accompanied by adequate authority
* 4. Employees at all levels should be empowered to make decisions.

Correct Answer:A

Question 93

- (Exam Topic 1)
Which of the following statements is correct regarding risk analysis?

Correct Answer:A

Question 94

- (Exam Topic 2)
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?

Correct Answer:D

Question 95

- (Exam Topic 1)
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

Correct Answer:B