IIA-CIA-Part3 Practice Test

At an organization that uses a periodic inventory system, the accountant accidentally understated the organization s beginning inventory. How would the accountant's accident impact the income statement?

A. Cost of goods sold will be understated and net income will be overstated.

B. Cost of goods sold will be overstated and net income will be understated

C. Cost of goods sold will be understated and there Wi-Fi be no impact on net income.

D. There will be no impact on cost of goods sold and net income will be overstated

What relationship exists between decentralization and the degree, importance, and range of lower-level decision making?

A. Mutually exclusive relationship.

B. Direct relationship.

C. Intrinsic relationship.

D. Inverse relationship.

Management has established a performance measurement focused on the accuracy of disbursements. The disbursement statistics, provided daily to ail accounts payable and audit staff, include details of payments stratified by amount and frequency. Which of the following is likely to be the greatest concern regarding this performance measurement?

A. Articulation of the data

B. Availability of the data.

C. Measurability of the data

D. Relevance of the data.

Which of the following practices impacts copyright issues related to the manufacturer of a smart device?

A. Session hijacking

B. Jailbreaking

C. Eavesdropping,

D. Authentication.

According to IIA guidance, which of the following best describes an adequate management (audit.) trail application control for the general ledger?

A. Report identifying data that is outside of system parameters

B. Report identifying general ledger transactions by time and individual.

C. Report comparing processing results with original Input

D. Report confirming that the general ledger data was processed without error