IIA-CIA-PART3 practice questions 121–130

1. Question 121 · 336 in bank

   Which of the following is the most appropriate test to assess the privacy risks associated with an organization's workstations?

   • APenetration test.
   • BSocial engineering test.
   • CVulnerability test.
   • DPhysical control test.

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   Answer: C

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2. Question 122 · 336 in bank

   Which of the following is an advantage of a decentralized organizational structure, as opposed to a centralized structure?

   • AGreater cost-effectiveness,
   • BIncreased economies of scale.
   • CLarger talent pool.
   • DStrong internal controls.

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   Answer: A

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3. Question 123 · 336 in bank

   An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?

   • A7 percent simple interest with a 10 percent compensating balance.
   • B7 percent simple interest paid at the end of each year.
   • C7 percent discount interest.
   • D7 percent compounding interest.

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   Answer: B

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4. Question 124 · 336 in bank

   Which of the following is an example of a physical control?

   • AProviding fire detection and suppression equipment.
   • BEstablishing a physical security policy and promoting it throughout the organization.
   • CPerforming business continuity and disaster recovery planning.
   • DKeeping an offsite backup of the organization's critical data.

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   Answer: B

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5. Question 125 · 336 in bank

   Which of the following contract concepts is typically given in exchange for the execution of a promise?

   • ALawfulness.
   • BConsideration
   • CAgreement
   • DDischarge.

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   Answer: B

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6. Question 126 · 336 in bank

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

   • ATo assess whether an annual control review is necessary.
   • BTo determine conformance with requirements and agreements.
   • CTo evaluate executive management oversight.
   • DTo promote environmental awareness.

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   Answer: B

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7. Question 127 · 336 in bank

   Which of the following IT layers would require the organization to maintain communication with a vendor in a tightly controlled and monitored manner?

   • AApplications.
   • BTechnical infrastructure.
   • CExternal connections.
   • DIT management.

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   Answer: C

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8. Question 128 · 336 in bank

   Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

   • AThe board has overall responsibility for the internal control processes associated with the CSR program.
   • BManagement has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with the CSR program.
   • CThe internal audit activity is responsible for ensuring that CSR principles are integrated into the organization's policies and procedures.
   • DEvery employee has a responsibility for ensuring the success of the organization's CSR objectives.

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   Answer: D

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9. Question 129 · 336 in bank

   Which of the following is the most appropriate way to record each partner's initial investment in a partnership?

   • AAt the value agreed upon by the partners.
   • BAt book value.
   • CAt fair value.
   • DAt the original cost.

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   Answer: A

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10. Question 130 · 336 in bank

    Which of the following descriptions of the internal control system are indicators that risks are managed effectively? 1. Existing controls promote compliance with applicable laws and regulations. 2. The control environment is designed to address all identified risks to the organization. 3. Key controls for significant risks to the organization remain consistent over time. 4. Monitoring systems are in place to alert management to unexpected events.

    • A1 and 3.
    • B1 and 4.
    • C2 and 3.
    • D2 and 4.

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    Answer: B

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IIA-CIA-PART3 practice, question 121. 336 questions available.