IIA-CIA-Part3 Training Online: Internal Audit Function & Internal Audit Function Dumps Torrent

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| Section | Weight | Objectives |
|---|
| Information Technology | 20% | - IT Governance and Strategy
- 1. IT alignment with business goals
- 2. IT governance frameworks (COBIT, ITIL)
- 3. IT investment and portfolio management
- Emerging Technologies and Data Analytics
- 1. Continuous auditing and monitoring
- 2. Data analytics concepts and tools
- 3. AI, RPA, blockchain, IoT
- IT Infrastructure and Applications
- 1. Application development and controls
- 2. Hardware, software, and networks
- 3. Database and data management
- 4. Cloud computing and virtualization
|
| Business Acumen | 35% | - Organizational Objectives, Behavior, and Performance
- 1. Management and leadership effectiveness
- 2. Organizational behavior and leadership
- 3. Strategic planning and alignment
- 4. Performance measurement and management
- Governance, Risk, and Control
- 1. Control frameworks and design
- 2. Ethics and compliance
- 3. Risk management methodologies
- 4. Corporate governance frameworks
- Organizational Structure and Business Processes
- 1. Project management principles
- 2. Structure types and risk implications
- 3. Core business processes and risks
- 4. Outsourcing and third-party management
|
| Financial Management | 20% | - Financial Management and Capital Budgeting
- 1. Capital budgeting techniques (NPV, IRR)
- 2. Working capital management
- 3. Tax and regulatory considerations
- 4. Capital structure and financing
- Managerial Accounting
- 1. Budgeting and variance analysis
- 2. Pricing and product decisions
- 3. Cost concepts and allocation
- Financial Accounting and Reporting
- 1. Financial statement analysis
- 2. Accounting principles and standards
- 3. Basic financial statements and elements
|
| Information Security | 25% | - Security Risks and Controls
- 1. Data protection and privacy
- 2. Access control and identity management
- 3. Network and infrastructure security
- 4. Threats, vulnerabilities, and attacks
- Security Incidents and Continuity
- 1. Incident response and management
- 2. Business continuity planning
- 3. Disaster recovery
- Information Security Principles
- 1. Security governance and policies
- 2. Confidentiality, integrity, availability
- 3. Security frameworks and standards
|
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IIA Internal Audit Function Sample Questions (Q95-Q100):
NEW QUESTION # 95
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?
- A. Assess the appraisal and actuarial services.
- B. Identify regulatory requirements to be considered.
- C. Review and acquire the external audit service.
- D. Determine the selection criteria.
Answer: B
NEW QUESTION # 96
Which of the following risks would Involve individuals attacking an oil company's IT system as a sign of solidarity against drilling in a local area?
- A. Piracy
- B. Hacking
- C. Tampering
- D. Phishing
Answer: B
NEW QUESTION # 97
An employee ' s mobile device used for work was stolen in a home burglary. Which control, if already implemented by the organization, would best prevent unauthorized access to organizational data stored on the employee ' s device?
- A. Access control via swipe pattern authentication.
- B. Access control via security question authentication.
- C. Access control via passcode authentication.
- D. Access control via biometric authentication.
Answer: D
Explanation:
Biometric authentication is the strongest control listed for preventing unauthorized access to data on a stolen mobile device. It relies on a physical characteristic of the authorized user, such as fingerprint, face, or retina recognition, making it harder for a thief to bypass than a passcode, swipe pattern, or security question.
Passcodes and swipe patterns can be guessed, observed, shared, or captured. Security questions are often weak because answers may be discoverable or predictable. Internal audit should also expect supporting controls such as encryption, remote wipe, mobile device management, automatic lockout, and incident reporting. However, among the options provided, biometric authentication provides the strongest access prevention control. Therefore, Option A is correct.
NEW QUESTION # 98
The following forms of short-term borrowing are available to an entity: Floating lien Factoring Revolving credit Chattel mortgages Bankers' acceptances . Lines of credit Commercial paper
The forms of short-term borrowing that are unsecured credit are:
- A. Factoring, chattel mortgage, bankers' acceptances, and line of credit
- B. Floating lien, revolving credit, chattel mortgage, and commercial paper
- C. Floating lien, chattel mortgage, bankers' acceptances, and line of credit
- D. Revolving credit, bankers' acceptances, line of credit, and commercial paper
Answer: D
Explanation:
An unsecured loan is a loan made by a bank based on credit information about the borrower and the ability of the borrower to repay the obligation. The loan is not secured by collateral, but is made on the signature of the borrower. Unsecured credit is not backed by collateral. Revolving credit bankers' acceptances, lines of credit, and commercial paper are all unsecured means of borrowing. A chattel mortgage is a loan secured by personal property movable property such as equipment or livestock). A floating lien is also secured by property, such as inventory, the composition of which may be constantly changing. Factoring is a form of financing in which receivables serve as security.
NEW QUESTION # 99
How is the letter x in the standard regression equation best described?
- A. Dependent Variable
- B. Coefficient of determination
- C. Constant coefficient
- D. Independent Variable
Answer: D
Explanation:
The letters x in the standard regression equation is the independent variable. For example, in a regression to determine the total cost of production, equal units produced. In preparing the annual profit plan for the coming year, Wilkens Company wants to determine the cost behavior pattern of the maintenance costs. Wilkens has decided to use linear regression by employing the equation = a + bx for maintenance costs. The prior year's data regarding maintenance hours and costs, and the results of the regression analysis, are given below and in the opposite column.
NEW QUESTION # 100
......
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