344 Exam Questions for IIA-CIA-Part3 Updated Versions With Test Engine [Q113-Q131]

QUESTION 113
A service entity’s working capital at the beginning of January was 70,000. The following transactions occurred during January.

What is the amount of working capital at the end of January?

QUESTION 114
The following data are available from the records of a department store for the year ended
December 31, Year 1:

Using the retail method to approximate valuation at lower of average cost or net realizable value, the department store’s merchandise inventory at December 3-1, Year 1 is

QUESTION 115
Which of the following is a unique reporting problem associated with the determination of the results of operations for an interim period?

QUESTION 116
Passwords far personal computer software programs are designed to prevent:

QUESTION 117
In a traditional manufacturing operation, direct costs would normally include:

QUESTION 118
The leadership of an organization encourages employees to form voluntary problem-solving groups whereby several employees from the same work area meet regularity during work hours to discuss improvements and creative ways to reduce costs. Which of the following best describes this approach?

QUESTION 119
If certain goods owned by an entity were not recorded as a purchase and were not counted in ending inventory, in error, then:

QUESTION 120
One company executive has expressed concern about the operating loss that has occurred in Product Line 2 and has suggested that Product Line 2 be discontinued. If Product Line 2 is dropped, the manager of the line would be retained and assigned other duties with the company, but the other employees would not be retained. Management has indicated that the nature of the company’s advertising might change with the elimination of Product Line 2, but the total dollar amount would not change. If Product Line 2 were to be dropped, the operating income of the company would:

QUESTION 121
After using the report writer for several months, the marketing analysts gained confidence in using it but the marketing department manager became concerned. Whenever analysts revised reports they had written earlier, the coding errors kept reappearing in their command sequences. The manager was sure that all the analysts knew what the errors were and how to avoid them. The most likely cause of the reappearance of the same coding errors is inadequate:

QUESTION 122
In a responsibility accounting system, managers are accountable for

QUESTION 123
How is the letter x in the standard regression equation best described?

QUESTION 124
The errors cause the reported profit for the year ending Deg-ember 31. Year 4, to be:

QUESTION 125
Which of the following statements is true regarding outsourced business processes?

QUESTION 126
The relationship between the present value of a future sum and the future value of a present sum can be expressed in terms of their respective interest factors the present value of US $200,000 due at the end of 8 years at 10% is US $93,300 what is the approximate future value of US $200,000 invested for the same length of time and at the same rate?

QUESTION 127
Which of the following statements is false regarding the internal audit approach when a set of standards other than The IIA’s Standards is applicable to a specific engagement?

QUESTION 128
Which of the following is a characteristic of big data?

QUESTION 129
IFPS 2, Share-Based payment, normally requires entities to a account for their share based employee compensation plans in accordance with which of the following methods?

QUESTION 130
Which of the following is a security feature that involves the use of hardware and software to fitter or prevent specific information from moving between the outside network and the outside network?

QUESTION 131
An organization’s technician was granted a role that enables him to prioritize projects throughout the organization. Which type of authority will the technician most likely be exercising?