IIA IIA-CIA-Part3-3P Certification All-in-One Exam Guide Dec-2022 [Q238-Q253]

QUESTION 238
Which of the following describes the free trade zone in an e-commerce environment?

QUESTION 239
Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?

QUESTION 240
Which of the following organization structures would most likely be able to cope with rapid changes and uncertainties?

QUESTION 241
Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

QUESTION 242
Which of the following statements is true concerning the basic accounting treatment of a partnership?

QUESTION 243
According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization’s social and environmental impact on the local community?
1) Determine whether previous incidents have been reported, managed, and resolved.
2) Determine whether a business contingency plan exists.
3) Determine the extent of transparency in reporting.
4) Determine whether a cost/benefit analysis was performed for all related projects.

QUESTION 244
A global business organization is selecting managers to post to various international (expatriate) assignments.
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1) Superior technical competence.
2) Willingness to attempt to communicate in a foreign language.
3) Ability to empathize with other people.

QUESTION 245
What is the most significant potential problem introduced by just-in-time inventory systems?

QUESTION 246
How do data analysis technologies affect internal audit testing?

QUESTION 247
An organization has recorded the following profit and expenses:
Profit before interest and tax
$200,000
Sales
$2,300,000
Purchases of materials
$700,000
Interest expenses
$30,000
If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?

QUESTION 248
Which of the following best describes an objective for an audit of an environmental management system?

QUESTION 249
Which of the following price adjustment strategies encourages prompt payment?

QUESTION 250
Which of the following is classified as a product cost using the variable costing method?
1) Direct labor costs
2) Insurance on a factory.
3) Manufacturing supplies.
4) Packaging and shipping costs

QUESTION 251
An organization facing rapid growth decides to employ a third party service provider to manage its customer relationship management function. Which of the following is true regarding the supporting application software used by that provider compared to an in-house developed system?
1) Updating documentation is always a priority.
2) System availability is usually more reliable.
3) Data security risks are lower.
4) Overall system costs are lower.

QUESTION 252
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

QUESTION 253
Which of the following is the best example of IT governance controls?