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Quiz 2022 IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing Authoritative Trustworthy Dumps
Quiz 2022 IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing Authoritative Trustworthy Dumps
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NEW QUESTION 39
Which of the following is false with regard to Internet connection firewalls?

  • A. Firewalls can protect against computer viruses.
  • B. Firewalls may be software-based or hardware-based.
  • C. Firewalls provide network administrators tools to retaliate against hackers.
  • D. Firewalls monitor attacks from the Internet.

Answer: A

 

NEW QUESTION 40
Which of me following statements is true regarding the reporting of tangible and intangible assets?

  • A. The organization must expense any cost incurred in developing a plant asset
  • B. For intangible assets cost includes the purchase price and development costs
  • C. For plant assets cost includes the purchase price and the cost of design and construction
  • D. Due to their indefinite nature intangible assets are not subject to amortization

Answer: D

 

NEW QUESTION 41
An organization recently documented its procedures for recovering systems and data after a disaster How are these documented procedures most likely to be used during a disaster simulation exercise''

  • A. To help validate the contact information of key personnel required to recover systems and data
  • B. To help ensure that the team members who are required to recover systems and data understand their roles.
  • C. To help property configure mass communication notification tools
  • D. To help identify training needs across the functional areas required to recover systems and data.

Answer: B

 

NEW QUESTION 42
Assuming that the real rate of interest is the same in both countries, if Country A has a higher nominal interest rate than Country B, the currency of Country A will likely be selling at a:

  • A. Forward discount relative to the currency of Country B.
  • B. Forward premium relative to the currency of Country
  • C. Spot premium relative to the currency of Country B.
  • D. Spot discount relative to the currency of Country B.

Answer: A

Explanation:
If the real rates of interest are equal, the country with the higher nominal interest rate is expected to experience a higher rate of inflation. A higher rate of inflation is associated with a devaluing currency, so the currency of the country with the higher nominal interest rate will likely be selling at a forward discount.

 

NEW QUESTION 43
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