IIA-ACCA Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

In which of the following scenarios would transfer pricing be used?

ACompany A owns Company B; Company B sells goods to Company A.

BCompany A does not own Company B. Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods.

CCompany A owns both Company B and Company C; all three companies sell goods to the public.

DCompany A moves goods internally from one location to another.

Correct : A

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ACompany A owns Company B; Company B sells goods to Company A.

BCompany A does not own Company B. Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods.

CCompany A owns both Company B and Company C; all three companies sell goods to the public.

DCompany A moves goods internally from one location to another.

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Question 2

A multinational organization involved in online business has planned to set up a help desk service. Which of the following best describes the role performed by the help desk?

AMonitoring access to the online database.

BBacking up and maintaining archived data.

CResponding to customer inquiries.

DMaintaining and assuring network security.

Correct : C

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AMonitoring access to the online database.

BBacking up and maintaining archived data.

CResponding to customer inquiries.

DMaintaining and assuring network security.

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Question 3

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?

AThe auditor eliminated duplicate information.

BThe auditor organized data to minimize useless information.

CThe auditor made data usable for a specific purpose by ensuring that anomalies were identified and corrected.

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

Correct : C

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AThe auditor eliminated duplicate information.

BThe auditor organized data to minimize useless information.

CThe auditor made data usable for a specific purpose by ensuring that anomalies were identified and corrected.

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

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Question 4

An organization has a complex systems infrastructure consisting of multiple internally developed, off the shelf, and purchased but significantly customized applications. Some of these applications share databases or process data that is used by another stand-alone application, and interfaces have been written to move data between these applications as needed through batch processing Which of the following situations presents the greatest risk exposure given this environment?

ADocumentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.

BBatch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.

CThe job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.

DThe implementation of a major update for a key application is delayed until any potential interdependencies are identified and analyzed.

Correct : A

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ADocumentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.

BBatch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.

CThe job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.

DThe implementation of a major update for a key application is delayed until any potential interdependencies are identified and analyzed.

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Question 5

What is the most significant potential problem introduced by just-in-time inventory systems?

AThey require significant computer resources.

BThey are susceptible to supply-chain disruptions.

CThey require complicated materials-supply contracts.

DThey prevent manufacturers from scaling up or down to meet changing demands.

Correct : B

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AThey require significant computer resources.

BThey are susceptible to supply-chain disruptions.

CThey require complicated materials-supply contracts.

DThey prevent manufacturers from scaling up or down to meet changing demands.

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Master IIA-ACCA Exam with Reliable Practice Questions

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