IIA-CIA-Part3 Free Practice Test

- (Exam Topic 1)
Refer to the exhibit.

Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:

1. A. $100
2. B. $200
3. C. $300
4. D. $500

Correct Answer: A

- (Exam Topic 1)
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?

1. A. Establishing risk category definitions and a common risk language for likelihood and impact measures.
2. B. Defining ERM roles and responsibilities.
3. C. Providing the board with an independent, objective risk perspective on financial reporting.
4. D. Guiding integration of ERM with other management activities.

Correct Answer: C

- (Exam Topic 2)
Which of the following is a key responsibility of a database administrator?

1. A. Troubleshoot end user problems
2. B. Provide production support.
3. C. Provide physical security of databases
4. D. Maintain database integrity

Correct Answer: D

- (Exam Topic 2)
A bank uses customer departmentalization to categorize its departments. Which of the following groups best exemplifies this method of categorization?

1. A. Community institutional and agricultural banking.
2. B. Mortgages credit cards and savings
3. C. South southwest and east.
4. D. Teller manager and IT specialist

Correct Answer: A

- (Exam Topic 2)
Which of the following would most likely be found in an organization that uses a decentralized organizational structured?

1. A. There is a higher reliance on organizational culture
2. B. There are clear expectations set for employees
3. C. There are electronic monitoring techniques employed
4. D. There is a defined code for employee behavior

Correct Answer: B