Free IIA-CIA-Part3 Exam Dumps

Question 96

- (Exam Topic 2)
Which of the following is an example of a key systems development control typically found in the in-house development of an application system?

A. Logical access controls monitor application usage and generate audit trails.
B. The development process is designed to prevent, detect and correct errors that may occur
C. A record is maintained to track the process of data from input, to output, to storage
D. Business users' requirements are documented, and their achievement is monitored

Correct Answer:D

Question 97

- (Exam Topic 1)
Which of the following is an example of a risk avoidance response?

A. Buying an insurance policy to protect against loss events.
B. Hedging against natural gas price fluctuations.
C. Selling a non-strategic business unit.
D. Outsourcing a high risk process to a third party.

Correct Answer:C

Question 98

- (Exam Topic 2)
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?

A. Cost of raw material inventory items is decreasing.
B. Process to manufacture goods is more efficient.
C. Labor productivity to produce goods is increasing.
D. Write-off of inventory is increasing.

Correct Answer:A

Question 99

- (Exam Topic 1)
Which of the following are typical responsibilities for operational management within a risk management program?
* 1. Implementing corrective actions to address process deficiencies.
* 2. Identifying shifts in the organization's risk management environment.
* 3. Providing guidance and training on risk management processes.
* 4. Assessing the impact of mitigation strategies and activities.

A. 1 and 2 only
B. 1 and 4 only
C. 2 and 3 only
D. 3 and 4 only

Correct Answer:B

Question 100

- (Exam Topic 1)
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?

A. Consult on project design and implementation of the CSR program.
B. Serve as an advisor on internal controls related to CSR.
C. Identify and prioritize the CSR issues that are important to the organization.
D. Evaluate the effectiveness of the organization's CSR efforts.

Correct Answer:C