CIA IIA-CIA-Part3-3P Exam Questions and Answers PDF

CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

Question 69

Which of the following price adjustment strategies encourages prompt payment?

Cash discounts.

Quantity discounts.

Functional discounts.

Seasonal discounts.

Question 70

Which of the following budgets must be prepared first?

Cash budget.

Production budget.

Sales budget.

Selling and administrative expenses budget.

Question 71

One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:

Program versions are synchronized across the network.

Emergency move procedures are documented and followed.

Appropriate users are involved in program change testing.

Movement from the test library to the production library is controlled.

Question 72

Which of the following statements about COBIT is not true?

COBIT helps management understand and manage the risks associated with information technology (IT) processes.

Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.

COBIT control objectives are specific to various IT platforms and help determine minimum controls.

COBIT provides management with the capability to conduct self-assessments against industry best practices.