IIA IIA-CIA-Part3 Quiz 6 Topic 2 Questions 26-30

Question: 1

Unsecured loans are loans:

AThat do not have to be repaid for over one year.

BThat appear to be too risky for most lenders to consider.

CGranted on the basis of a company's credit standing.

DBacked by mortgaged assets.

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Question: 2

When auditing an application change control process, which of the following procedures should be included in the scope of the audit?

1) Ensure system change requests are formally initiated, documented, and approved.

2) Ensure processes are in place to prevent emergency changes from taking place.

3) Ensure changes are adequately tested before being placed into the production environment.

4) Evaluate whether the procedures for program change management are adequate.

A1 only

B1 and 3 only

C2 and 4 only

D1, 3, and 4 only

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Question: 3

Organizations use matrix management to accomplish which of the following?

ATo improve the chain of command.

BTo strengthen corporate headquarters.

CTo focus better on a single market.

DTo increase lateral communication.

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Question: 4

During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:

AAccess to read application logs is restricted to authorized users.

BAccount balance information is encrypted in the database.

CThe web server used to host the application is located in a physically secure area.

DSensitive data, such as account numbers, are submitted using encrypted communications.

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Question: 5

Which of the following is the best approach to overcome entry barriers into a new business?

AOffer a standard product that is targeted in the recognized market.

BInvest in commodity or commodity-like product businesses.

CEnter into a slow-growing market.

DUse an established distribution relationship.

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IIA IIA-CIA-Part3 Quiz:6 Topic:2 Questions:26-30