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IIA IIA-CIA-Part3 Exam Sample Questions


Question # 1

What is the primary risk associated with an organization adopting a decentralized structure?
A. Inability to adapt.
B. Greater costs of control function.
C. Inconsistency in decision making.
D. Lack of resilience.


C. Inconsistency in decision making.




Question # 2

Which of the following analytical techniques would an internal auditor use to verify that none of an organization's employees are receiving fraudulent invoice payments?
A. Perform gap testing.
B. Join different data sources.
C. Perform duplicate testing.
D. Calculate statistical parameters.


B. Join different data sources.




Question # 3

Which of the following common quantitative techniques used in capital budgeting is best associated with the use of a table that describes the present value of an annuity?
A. Cash payback technique.
B. Discounted cash flow technique: net present value
C. Annual rate of return
D. Discounted cash flow technique: internal rate of return.


B. Discounted cash flow technique: net present value




Question # 4

According to 11A guidance on IT, which of the following are indicators of poor change management?
1. Inadequate control design.
2. Unplanned downtime.
3. Excessive troubleshooting .
4. Unavailability of critical services.
A. 2 and 3 only.
B. 1, 2, and 3 only
C. 1, 3, and 4 only
D. 2, 3, and 4 only


D. 2, 3, and 4 only




Question # 5

Which of the following performance measures includes both profits and investment base?
A. Residual income
B. A flexible budget
C. Variance analysis.
D. A contribution margin income statement by segment.


C. Variance analysis.



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