IIA IIA-CIA-Part3-3P - CIA Exam Part Three: Business Knowledge for Internal Auditing
Which of the following factors is considered a disadvantage of vertical integration?
Which of the following is false with regard to Internet connection firewalls?
Which of the following corporate social responsibility strategies is likely to be most effective in minimizing confrontations with influential activists and lobbyists?
Which of the following descriptions of the internal control system are indicators that risks are managed effectively?
1) Existing controls promote compliance with applicable laws and regulations.
2) The control environment is designed to address all identified risks to the organization.
3) Key controls for significant risks to the organization remain consistent over time.
4) Monitoring systems are in place to alert management to unexpected events.
Which of the following statements about slack time and milestones are true?
1) Slack time represents the amount of time a task may be delayed without delaying the entire project.
2) A milestone is a moment in time that marks the completion of the project's major deliverables.
3) Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.
4) A milestone requires resource allocation and needs time to be completed.
The main reason to establish internal controls in an organization is to:
When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:
Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?
A manager has difficulty motivating staff to improve productivity, despite establishing a lucrative individual reward system. Which of the following is most likely the cause of the difficulty?
Refer to the exhibit.
If the profit margin of an organization decreases, and all else remains equal, which of the following describes
how the "Funds Needed" line in the graph below will shift?