IIA IIA-CIA-Part3 Quiz 5 Topic 3 Questions 21-25

Question: 1

At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?

APrior to testing the new application.

BDuring testing of the new application.

CDuring implementation of the new application.

DDuring maintenance of the new application.

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Question: 2

Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?

ABorrowers may not sign all required mortgage loan documentation.

BFees paid by the borrower at the time of the loan may not be deposited in a timely manner.

CThe bank's loan documentation may not meet the government's disclosure requirements.

DLoan officers may override the lending criteria established by senior management.

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Question: 3

Which of the following are appropriate functions for an IT steering committee?

1) Assess the technical adequacy of standards for systems design and programming.

2) Continually monitor of the adequacy and accuracy of software and hardware in use.

3) Assess the effects of new technology on the organization`s IT operations.

4) Provide broad oversight of implementation, training, and operation of new systems.

A1, 2, and 3

B1, 2, and 4

C1, 3, and 4

D2, 3, and 4

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Question: 4

Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:

If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:

A$100

B$200

C$300

D$500

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Question: 5

Which of the following local area network physical layouts is subject to the greatest risk of failure if one device fails?

AStar network.

BBus network.

CToken ring network.

DMesh network.

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IIA IIA-CIA-Part3 Quiz:5 Topic:3 Questions:21-25