IIA-CIA-Part3 Free Practice Test

- (Exam Topic 1)
Which of the following best describes the concept of relevant cost?

1. A. A future cost that is the same among alternatives.
2. B. A future cost that differs among alternatives.
3. C. A past cost that is the same among alternatives.
4. D. A past cost that differs among alternatives.

Correct Answer: B

- (Exam Topic 2)
When using data analytics during a review of the procurement process what is the first step in the analysis process?

1. A. Identity data anomalies and outliers
2. B. Define questions to be answered
3. C. identify data sources available
4. D. Determine the scope of the data extract

Correct Answer: C

- (Exam Topic 2)
Which of the following would be a risk in the development of end-user computing (EUC) applications, compared to traditional information systems?

1. A. Management might place the same degree of reliance in reports produced by EUC applications as it does in reports produced under traditional systems development procedures .
2. B. The organization may incur higher application development and maintenance costs for EUC systems.
3. C. Since development time is typically longer for EUC applications, management may not be able to respond quickly to competitive pressures
4. D. Management may not be able to make quick and accurate decisions due to a diminished capacity to respond to managerial requests for computerized information

Correct Answer: A

- (Exam Topic 1)
Refer to the exhibit.

The figure below shows the network diagram for the activities of a large project. What is the shortest number of days in which the project can be completed?

1. A. 21 days.
2. B. 22 days.
3. C. 27 days.
4. D. 51 days.

Correct Answer: C

- (Exam Topic 1)
An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?

1. A. Exception report identifying payment anomalies.
2. B. Documented policy and procedures.
3. C. Periodic account reconciliation of contractor charges.
4. D. Monthly management review of all contractor activity.

Correct Answer: B