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【General】 Practice IIA-CIA-Part3 Mock | IIA-CIA-Part3 Exam Consultant

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IIA Business Knowledge for Internal Auditing Sample Questions (Q291-Q296):NEW QUESTION # 291
An organization decided to outsource its human resources function. As part of its process migration, the organization is implementing controls over sensitive employee data.
What would be the most appropriate directive control in this area?
  • A. Require a Service Organization Controls (SOC) report from the service provider
  • B. Encrypt the employees ' data before transmitting it to the service provider
  • C. Include a data protection clause in the contract with the service provider.
  • D. Obtain a nondisclosure agreement from each employee at the service provider who will handle sensitive data.
Answer: C

NEW QUESTION # 292
Which of the following is the elementary unit of data storage used to represent individual attributes of an entity?
  • A. Record.
  • B. File.
  • C. Data field.
  • D. Database.
Answer: C
Explanation:
A data item or field) is a group of characters. It is used to represent individual attributes of an entity, such as an employee's address. A field is an item in a record.

NEW QUESTION # 293
Which of the following techniques would be least effective in resolving the conflict created by an internal audit client's perception of the audit report as a personal attack on his management performance?
  • A. The auditor should focus on the audit client as a person and understand him, rather than just concentrating on the problem.
  • B. The auditor should explore alternative solutions to address the audit problem, so the audit client has options.
  • C. The auditor should take a flexible position on the recommendations and focus on resolving the issue by addressing the interests of the people concerned.
  • D. The auditor should make recommendations based on objective criteria, rather than based on a subjective assessment.
Answer: A
Explanation:
Explanation

NEW QUESTION # 294
With regard to project management, which of the following statements about project crashing Is true?
  • A. It is an optimization technique where activities are performed in parallel rather than sequentially.
  • B. It is a compression technique in which resources are added so the project.
  • C. It leads to an increase in risk and often results in rework.
  • D. It involves a revaluation of project requirements and/or scope.
Answer: B
Explanation:
* Definition of Project Crashing:
* Project crashing is a schedule compression technique used in project management to reduce the project completion time without changing its scope.
* It involves adding extra resources (labor, equipment, budget) to critical path activities to complete them faster.
* Key Aspects of Project Crashing:
* Reduces project duration by increasing resources.
* Leads to higher costs due to additional labor or expedited material procurement.
* Used when project deadlines must be met and standard scheduling techniques are insufficient.
* Why Other Options Are Incorrect:
* A. It leads to an increase in risk and often results in rework:
* While crashing can increase costs and risk, it does not necessarily result in rework unless poorly executed.
* B. It is an optimization technique where activities are performed in parallel rather than sequentially:
* This describes fast-tracking, not crashing. Fast-tracking involves overlapping tasks, while crashing adds resources to speed up tasks.
* C. It involves a revaluation of project requirements and/or scope:
* Crashing does not change project scope; it only shortens the schedule by allocating additional resources.
* IIA's Perspective on Project Risk and Management:
* IIA Standard 2110 - Governance emphasizes the importance of project risk assessment, including schedule compression risks.
* COSO ERM Framework identifies project cost overruns and resource misallocations as key risks in project execution.
* PMBOK (Project Management Body of Knowledge) defines crashing as a schedule compression technique used when deadlines must be met at additional cost.
IIA References:
* IIA Standard 2110 - Governance & Risk Oversight in Project Management
* COSO Enterprise Risk Management (ERM) - Project Risk Considerations
* PMBOK Guide - Schedule Compression Techniques (Crashing & Fast-Tracking) Thus, the correct and verified answer is D. It is a compression technique in which resources are added so the project is completed faster.

NEW QUESTION # 295
When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
1. Management's tolerance for specific risks.
2. The cost versus benefit of implementing a control.
3. Whether a control can mitigate multiple risks.
4. The ability to test the effectiveness of the control.
  • A. 1, 2, and 4
  • B. 1, 2, and 3
  • C. 1, 3, and 4
  • D. 2, 3, and 4
Answer: C

NEW QUESTION # 296
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