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IIA IIA-CIA-Part3 Exam Syllabus Topics:

SectionObjectives
Topic 1: Information Technology and Business Systems- System development lifecycle concepts
- Information systems and data governance
- IT controls and cybersecurity fundamentals
Topic 2: Business Acumen and Global Business Environment- Global business environment and market influences
- Organizational structure and business processes
- Business strategies and objectives alignment
Topic 3: Risk Management and Regulatory Environment- Compliance and regulatory frameworks
- Enterprise risk management (ERM) principles
- Internal controls and governance concepts
Topic 4: Information Security and Business Continuity- Business continuity and disaster recovery
- Data protection and privacy considerations
- Information security management principles
Topic 5: Financial Management- Managerial accounting concepts
- Financial statements and reporting basics
- Budgeting and cost control

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IIA Internal Audit Function Sample Questions (Q706-Q711):

NEW QUESTION # 706
Which of the following is a logical access control designed to enhance the security ot a computer-based application system?

Answer: D


NEW QUESTION # 707
The process of scenario planning begins with which of the following steps?

Answer: C


NEW QUESTION # 708
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?

Answer: A


NEW QUESTION # 709
During the past few years, Wilder Company has experienced the following average number of power outages:

Each power outage results in out-of-pocket costs of US $800. For US $1,000 per month, Wilder can lease a generator to provide power during outages. If Wilder leases a generator in the coming year, the estimated savings (or additional expense) for the year will be

Answer: A

Explanation:
Each outage costs US $800, but this expense can be avoided by paying US $1,000 per month (US $12,000 for the year). The expected-value approach uses the probability distribution derived from past experience to determine the average expected outages per month.
3/12x0 = 0.0 2/12x1 = 0.16667 4/12x2 = 0.66667 3/12x3 = 0.75000 1.58334
The company can expect to have, on average. 1.58334 outages per month. At US $800 per outage, the expected cost is US $1,266.67. Thus, paying US $1.000 to avoid an expense of US $1,266.67 saves US $266.67 per month, or US $3,200 per year.


NEW QUESTION # 710
Which of the following is the method of adding a standard markup to the cast of the
product?

Answer: B

Explanation:
Cast-based pricing is a pricing method in which a standard markup or target profit is added to the cast of the product in determining the product's sales price.


NEW QUESTION # 711
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