Pass IIA-CIA-Part3 Exam – Real Test Engine PDF with 265 Questions [Q157-Q176]

Q157. Regardless of whether a company develops, buys, leases, or pays for the use of the software for EDI transmissions, internal audit should be responsible for evaluating whether the software:

Q158. A company manufactures banana hooks for retail sale. The bill of materials for this item and the parts inventory for each material required are as follows:

An incoming order calls for delivery of 2.000 banana hooks in 2 weeks. The company has 200 finished banana hooks in current inventory. If no safety stocks are required for inventory, what are the company’s net requirements for swag hooks and screws needed to fill this order?

Q159. Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?

Q160. All of the following are alternative marketable securities suitable for investment except:

Q161. 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?

Q162. If a company is customer-centered, its customers are defined as:

Q163. Which of the following factors is most likely to lead to a lack of cohesiveness in a project team?

Q164. COBIT is:

Q165. Which of the following controls would be the most effective in preventing the disclosure of an organization’s confidential electronic information?

Q166. At the start of its current fiscal year, Emper Corporation amended its defined postemployment benefit plan resulting in an increase in the present value of the defined benefit obligation DBO). The benefits become vested after 6 years of service. Past service cost arising from the plan amendment includes US $400,000 of benefits that are already vested and US $200,000 of non vested benefits. If the average period until vesting is 4 years. the minimum past service cost to be recognized in the first year is:

Q167. Costs incurred by a manufacturer-lesser to negotiate a finance lease are:

Q168. The purpose of an entry that contains a debit to prepaid property taxes and a credit to property tax expense is to recognize a(n):

Q169. A company’s financial balance sheet is presented below:
The company has net working capital of:

Q170. Which of the following is a likely result of outsourcing?

Q171. In a critical path analysis, if slack time in an activity exists, the activity:

Q172. A firm must decide the mix of production of Product X and Product Y. There are only two resources used in the two products, resources A and B. Data related to the two products is given in the following table:

What is the appropriate objective function to maximize profit?

Q173. If ending inventory is underestimated due to an error in the physical count of items on hand, the cost of goods sold for the period will be =List A> and net earnings will be =List B>.

Q174. A value-added tax is collected on the basis of:

Q175. Which of the following would not impair the objectivity of internal auditor?

Q176. The company estimates that by reducing its selling price to US $9.30 per unit, it can increase sales to 90.000 units annually. Fixed costs per year and unit variable costs will remain unchanged. If the company reduces its selling price to US $9.30 per unit, its profit will: