IIA IIA-CIA-Part3 Quiz 10 Topic 1 Questions 46-50

Question: 1

When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?

AReview and acquire the external audit service.

BAssess the appraisal and actuarial services.

CDetermine the selection criteria.

DIdentify regulatory requirements to be considered.

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Question: 2

All of the following are possible explanations for a significant unfavorable material efficiency variance except:

ACutbacks in preventive maintenance.

BAn inadequately trained and supervised labor force.

CA large number of rush orders.

DProduction of more units than planned for in the master budget.

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Question: 3

In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?

AA tougher collections policy that reduces the bad debt loss ratio.

BA higher cost per unit sold.

CA longer average collection period.

DAn increase in the cost of capital.

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Question: 4

One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:

AProgram versions are synchronized across the network.

BEmergency move procedures are documented and followed.

CAppropriate users are involved in program change testing.

DMovement from the test library to the production library is controlled.

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Question: 5

Which of the following steps should an internal auditor take during an audit of an organization's business continuity plans?

1) Evaluate the business continuity plans for adequacy and currency.

2) Prepare a business impact analysis regarding the loss of critical business.

3) Identify key personnel who will be required to implement the plans.

4) Identify and prioritize the resources required to support critical business processes.

A1 only

B2 and 4 only

C1, 3, and 4 only

D1, 2, 3, and 4

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IIA IIA-CIA-Part3 Quiz:10 Topic:1 Questions:46-50