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PDF IIA-CIA-Part3 Study Guide

Business Knowledge for Internal Auditing Questions and Answers

Question 9

Which of the following is a primary driver behind the creation and prioritization of new strategic initiatives established by an organization?

Options:

A.

Risk tolerance.

B.

Performance.

C.

Threats and opportunities.

D.

Governance.

Question 10

As it relates to the data analytics process, which of the following best describes the purpose of an internal auditor who cleaned and normalized data?

Options:

A.

The auditor eliminated duplicate information

B.

The auditor organized data to minimize useless information

C.

The auditor made data usable for a specific purpose by ensuring that anomalies were identified and addressed

D.

The auditor ensured data fields were consistent and that data could be used for a specific purpose

Question 11

Which of the following network types should an organization choose if it wants to allow access only to its own personnel?

Options:

A.

An extranet.

B.

A local area network (LAN).

C.

An intranet.

D.

The internet.

Question 12

Which of the following is true of matrix organizations?

Options:

A.

A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager.

B.

A combination of product and functional departments allows management to utilize personnel from various functions.

C.

Authority, responsibility, and accountability of the units involved may vary based on the project's life or the organization's culture.

D.

It is best suited for firms with scattered locations or for multi-line, large-scale firms.