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Whenever you are planning to enter the IT field, you should be well aware of the fact that this field is not that easy as it might seem to be. In order to get success in this career, one must prepare with devotion and determination. It is not easy as it requires a lot of concentration and hard work. Your preparation will also determine your level of success in this field.
The first step is to take the Certified Internal Auditor (CIA) Part 3 exam. This particular exam is considered as one of the toughest exams for IT professionals to pass. So, if you want to become a successful IT professional then you have to go through this test at least once in your lifetime. IIA CIA part 3 exam dumps are one of the most reliable study guides that can help you to prepare for the exam.
If you have not yet taken the Certified Internal Auditor (CIA) part 3 exam then it is high time that you should now do so because it is very important for a successful career in IT. You will be able to get more opportunities by taking this test because there are lots of people out there who are looking for IT professionals to work for them.
This test is conducted by the International Institute of Audit and Control (IIA). It is one of the most prestigious institutes which conducts tests on.
NEW QUESTION # 265
Which of the following is a likely result of outsourcing?
Answer: A
Explanation:
* Understanding Outsourcing and Its Impact:
* Outsourcing refers to contracting external vendors to handle business functions that were previously managed in-house.
* While it can reduce costs and improve efficiency, it increases reliance on external suppliers for critical services.
* Why Increased Dependence on Suppliers is the Most Likely Result:
* Loss of Internal Control: Companies lose direct oversight over quality, delivery times, and operational processes, depending on the supplier's performance.
* Risk of Supplier Disruptions: If the supplier faces financial difficulties, operational failures, or compliance issues, the outsourcing company is directly affected.
* Vendor Lock-in: Over time, switching suppliers becomes difficult due to integration costs and proprietary dependencies.
* Why Other Options Are Incorrect:
* B. Increased importance of market strategy - Incorrect.
* While outsourcing can free up resources to focus on core business strategy, it does not necessarily increase the importance of market strategy.
* C. Decreased sensitivity to government regulation - Incorrect.
* Outsourcing often increases regulatory risks, as companies must ensure third-party compliance with data protection, labor laws, and industry regulations.
* D. Decreased focus on costs - Incorrect.
* Outsourcing is typically done to reduce costs, not decrease cost focus. Organizations still monitor costs closely to ensure vendor contracts remain cost-effective.
* IIA's Perspective on Outsourcing and Risk Management:
* IIA Standard 2120 - Risk Management requires internal auditors to evaluate risks associated with outsourcing.
* IIA GTAG (Global Technology Audit Guide) on Third-Party Risk Management highlights risks related to supplier dependence, service quality, and compliance.
* COSO ERM Framework recommends ongoing supplier performance monitoring to mitigate risks of over-dependence.
IIA References:
* IIA Standard 2120 - Risk Management & Vendor Oversight
* IIA GTAG - Third-Party Risk Management
* COSO ERM - Managing Outsourcing Risks
Thus, the correct and verified answer is A. Increased dependence on suppliers.
NEW QUESTION # 266
Activity scheduling information for the installation of a new computer system is given below
The earliest completion time for the project is:
Answer: D
Explanation:
The critical path is the longest path because it defines the minimum duration of the project. A-D-E 4 + 6 + 5 = 15) is the critical path.
NEW QUESTION # 267
When auditing databases, which of the following risks would an Internal auditor keep In mind In relation to database administrators?
Answer: C
Explanation:
Database administrators (DBAs) have privileged access, meaning they can make unauthorized or hidden changes to data, database structures, and security settings without detection. This presents a high risk of fraud, data manipulation, and security breaches.
* A. The risk that database administrators will disagree with temporarily preventing user access to the database for auditing purposes. (Incorrect)
* While resistance from DBAs during an audit can be a challenge, it is not a significant risk compared to the ability to manipulate data unnoticed.
* B. The risk that database administrators do not receive new patches from vendors that support database software in a timely fashion. (Incorrect)
* Patch management is a security concern but does not directly relate to the unique risk of DBAs abusing privileged access.
* C. The risk that database administrators set up personalized accounts for themselves, making the audit time-consuming. (Incorrect)
* While personal accounts can complicate audits, the greater risk is that DBAs can make changes without detection.
* IIA GTAG 4 - Management of IT Auditing emphasizes the need for controls over privileged access to prevent unauthorized database modifications.
* IIA Standard 2110 - Governance requires internal auditors to assess risks related to IT governance and privileged access management.
* IIA GTAG 8 - Auditing Application Controls highlights that auditors must review DBA activity logs and ensure segregation of duties.
Explanation of Answer Choices:IIA References:Thus, the correct answer is D. The risk that database administrators could make hidden changes using privileged access.
NEW QUESTION # 268
Which of the following statements is true concerning internal control in an electronic data interchange (EDI) system?
Answer: C
Explanation:
In general, preventive controls are more important than detective controls because the benefits typically outweigh the costs. In electronic processing, once a transaction is accepted, there is often little opportunity to apply detective controls. Thus, it is important to prevent errors or frauds before they happen.
NEW QUESTION # 269
In a traditional ERP system, the receipt of a customer order may result in:
I. Customer tracking of the order's progress
II. Automatic replenishment of inventory by a supplier
III. Hiring or reassigning of employees
IV.
Automatic adjustment of output schedules
Answer: D
Explanation:
The traditional ERP system is one in which subsystems share data and coordinate their activities. Thus, if marketing receives an order, it can quickly verify that inventory is sufficient to notify shipping to process the order. Otherwise, production is notified to manufacture more of the product, with a consequent automatic adjustment of output schedules. If materials are inadequate for this purpose, the system will issue a purchase order. If more labor is needed, human resources will be instructed to reassign or hire employees. However, the subsystems in a traditional ERP system are internal to the organization. Hence, they are, often called back-office functions. The information produced is principally but not exclusively) intended for internal use by the organization's managers. The current generation of ERP software ERP II) has added front-office functions. Consequently, ERP II. but not traditional ERP, is capable of customer tracking of the order's progress and automatic replenishment of inventor/ by a supplier.
NEW QUESTION # 270
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