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Practice of Internal Auditing

  • Exam Number/Code : IIA-CIA-Part2
  • Exam Name : Practice of Internal Auditing
  • Questions and Answers : 213 Q&As
  • Update Time: 2019-01-10
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NEW QUESTION: 1
Which statement is true about OSPF Network LSAs?
A. They are originated by Area Border Router and are sent into a single area to advertise an Autonomous System Border Router.
B. They are originated by the DR on every multi-access network. They include all attached routers including the DR itself.
C. They are originated by every router in the OPSF network. They include all routers on the link, interfaces, the cost of the link, and any known neighbor on the link.
D. They are originated by Area Border Routers and are sent into a single area to advertise destinations outside that area.
Answer: B
Explanation:
The point of this question is OSPF Network LSAs The feature of OSPF Network LSAs is that they are generated by DR, and DR only exist on multiaccess network, the use of OSPF Network LSAs is that it list all neighbors around and send it to every router which run OSPF. Incorrect
Answer> OSPF Network LSAs are not originated by Area Border Routers.

NEW QUESTION: 2
In US for year 2013, Dependent parent's relief for each parent living with the tax payer in the same household is ___________ and the same is______________ for each parent if they are not living with the tax payer in the same household.
A. $3,500; $2,250
B. $2,250; $3,500
C. $7,000; $4,500
D. $4,500; $7,000
Answer: C

NEW QUESTION: 3
With which standard, the auditor's substantive procedures must include reconciling the financial statements to the accounting records and should include examining material adjustments made during the course of preparing the financial statements.
A. Public Company Accounting Oversight Board
B. National Association of Insurance Commission
C. Audit of Financial Reporting over Internal Control
D. Integrated Audit Financial Statement
Answer: A

NEW QUESTION: 4
The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?
A. The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
B. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
C. The published budget is always a percentage of the total budget pool.
D. The published amount stay with the manager when workers are reassigned or their eligibility changes.
Answer: B