← Back to exam page

IIA-CIA-Part3 – Certified Internal Auditor - Part 3, Business Analysis and Information Technology

Loading demo links...

Showing 4–6 of 15 questions

Question 4

What must be monitored in order to manage risk of consumer product inventory obsolescence?

1. Inventory balances.

2. Market share forecasts.

3. Sales returns.

4. Sales trends.

Select an option, then click Submit answer.

  • ○

    1 only
  • ○

    4 only
  • ○

    1 and 4 only
  • ○

    1, 2, and 3 only
Question 5

Which of the following is a key characteristic of a zero-based budget?

Select an option, then click Submit answer.

  • ○

    A zero-based budget provides estimates of costs that would be incurred under different levels of activity.
  • ○

    A zero-based budget maintains focus on the budgeting process.
  • ○

    A zero-based budget is prepared each year and requires each item of expenditure to be justified.
  • ○

    A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.
Question 6

A manager at a publishing company received an email that appeared to be from one of her vendors with an attachment that contained malware embedded in an Excel spreadsheet. When the spreadsheet was opened, the cybercriminal was able to attack the company's network and gain access to an unpublished and highly anticipated book.

Which of the following controls would be most effective to prevent such an attack?

Select an option, then click Submit answer.

  • ○

    Monitoring network traffic.
  • ○

    Using whitelists and blacklists to manage network traffic.
  • ○

    Restricting access and blocking unauthorized access to the network.
  • ○

    Educating employees throughout the company to recognize phishing attacks.