Free IIA IIA-CIA-Part3 Exam Dumps Questions & Answers

Which type of bond sells at & discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

• A.  Commodity-backed bonds
• B.  High-yield bonds
• C.  Zero coupon bonds
• D.  Junk bonds

Which of the following attributes of data analytics relates to the growing number of sources from which data is being generated?

• A.  Veracity.
• B.  Volume.
• C.  Velocity.
• D.  Variety.

Which of the following statements is true regarding the use of public key encryption to secure data while it is being transmitted across a network?

• A.  Both the key used to encrypt the data and the key used to decrypt the data are made private.
• B.  The key used to encrypt the data is kept private but the key used to decrypt the data is made public.
• C.  Both the key used to encrypt the data and the key used to decrypt the data are made public.
• D.  The key used to encrypt the data is made public but the key used to decrypt the data is kept private.

Which of the following statements is correct regarding corporate compensation systems and related bonuses?
* A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.
* Compensation systems are not part of an organization ' s control system and should not be reported as such.
* An audit of an organization ' s compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

• A.  2 only
• B.  3 only
• C.  2 and 3 only
• D.  1 only

Which of the following best explains why an organization would enter into a capital lease contract?

• A.  To increase the ability to borrow additional funds from creditors
• B.  To reduce the organization ' s free cash flow from operations
• C.  To acquire the asset at the end of the lease period at a price lower than the fair market value
• D.  To Improve the organization ' s free cash flow from operations