Complete IIA-CIA-Part3 IIA Materials

Business Knowledge for Internal Auditing Questions and Answers

Question 17

Which of the following is a likely result of outsourcing?

Options:

Increased dependence on suppliers.

Increased importance of market strategy.

Decreased sensitivity to government regulation

Decreased focus on costs

Question 18

The manager of the sales department wants to Increase the organization's net profit margin by 7% (from 43% in the prior year to 50% in the current year). Given the information provided in the table below, what would be the targeted sales amount for the current year?

Options:

$20,000,000

$24.500.000

$30.000.000

$35.200.000

Question 19

An organization created a formalized plan for a large project. Which of the following should be the first step in the project management plan?

Options:

Estimate time required to complete the whole project.

Determine the responses to expected project risks.

Break the project into manageable components.

Identify resources needed to complete the project

Question 20

An organization has instituted a bring-your-own-device (BYOD) work environment. Which of the following policies best addresses the increased risk to the organization's network incurred by this environment?

Options:

Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data.

Ensure that relevant access to key applications is strictly controlled through an approval and review process.

Institute detection and authentication controls for all devices used for network connectivity and data storage.

Use management software scan and then prompt parch reminders when devices connect to the network

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Business Knowledge for Internal Auditing Questions and Answers

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