Free Certified Internal Auditor-Internal Audit Knowledge Elements Exam IIA-CIA-Part3 Exam Practice Test

In accounting, which of the following statements is true regarding the terms debit and credit?

• Debit indicates the right side of an account and credit the left side
• Debit means an increase in an account and credit means a decrease.
• Credit indicates the right side of an account and debit the left side.
• Credit means an increase in an account and debit means a decrease

Which of the following capital budgeting techniques considers the expected total net cash flows from investment?

• Cash payback
• Annual rate of return
• Incremental analysis
• Net present value

A financial institution receives frequent and varied email requests from customers for funds to be wired out of their accounts. Which verification activity would best help the institution avoid falling victim to phishing?

• Reviewing the customer's wire activity to determine whether the request is typical.
• Calling the customer at the phone number on record to validate the request.
• Replying to the customer via email to validate the sender and request.
• Reviewing the customer record to verify whether the customer has authorized wire requests from that email address.

Which of the following is a limitation of the remote wipe for a smart device?

• Encrypted data cannot be locked to prevent further access
• Default settings cannot be restored on the device.
• All data, cannot be completely removed from the device
• Mobile device management software is required for successful remote wipe

Which of the following is a result of Implementing on e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and biting?

• Higher cash flow and treasury balances.
• Higher inventory balances
• Higher accounts receivable.
• Higher accounts payable

Which of the following situations best illustrates a "false positive" in the performance of a spam filter?

• The spam filter removed Incoming communication that included certain keywords and domains.
• The spam filter deleted commercial ads automatically, as they were recognized as unwanted.
• The spam filter routed to the "junk|r folder a newsletter that appeared to include links to fake websites.
• The spam filter blocked a fitness club gift card that coworkers sent to an employee for her birthday.

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?

• 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.

Which of the following sites would an Internet service provider most likely use to restore operations after its servers were damaged by a natural disaster?

• On site.
• Cold site.
• Hot site.
• Warm site

Which of the following statements is true regarding cost-volume-profit analysis?

• Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.
• Breakeven point is the amount of units sold to cover variable costs.
• Breakeven occurs when the contribution margin covers fixed costs.
• Following breakover1, he operating income will increase by the excess of fixed costs less the variable costs per units sold.
• Answer: C ||