IIA-CIA-Part3 Practice Test

With regard to project management, which of the following statements about project crashing Is true?

A. It leads to an increase in risk and often results in rework.

B. It is an optimization technique where activities are performed in parallel rather than sequentially.

C. It involves a revaluation of project requirements and/or scope.

D. It is a compression technique in which resources are added so the project.

An organization is considering outsourcing its IT services, and the internal auditor as assessing the related risks. The auditor grouped the related risks into three categories;
- Risks specific to the organization itself.
- Risks specific to the service provider.
- Risks shared by both the organization and the service provider
Which of the following risks should the auditor classify as specific to the service provider?

A. Unexpected increases in outsourcing costs.

B. Loss of data privacy.

C. Inadequate staffing.

D. Violation of contractual terms.

An internal auditor identified a database administrator with an incompatible dual role. Which of the following duties should not be performed by the identified administrator?

A. Designing and maintaining the database.

B. Preparing input data and maintaining the database.

C. Maintaining the database and providing its security,

D. Designing the database and providing its security

An organization buys equity securities for trading purposes and sells them within a short time period. Which of the following is the correct way to value and report those securities at a financial statement date?

A. At fair value with changes reported in the shareholders' equity section.

B. At fair value with changes reported in net income.

C. At amortized cost in the income statement.

D. As current assets in the balance sheet

According to Herzberg's Two-Factor Theory of Motivation, which of the following is a factor mentioned most often by satisfied employees?

A. Security.

B. Status.

C. Recognition.

D. Relationship with coworkers