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IIA-CIA-Part1

Exam Code: IIA-CIA-Part1

Exam Name: Essentials of Internal AuditingCertification

Version: V16.75

Q & A: 400 Questions and Answers

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NEW QUESTION: 1
Which three are traits of the Sandboxes feature?
A. Planners can immediately see the effect of their changes
B. Sandboxes can be enabled at the application level only
C. Planners can have multiple sandboxes
D. Sandboxes can be enabled for BSO and ASO cubes
E. When working in a sandbox, planners can add members
Answer: A,C,E
Explanation:
Planners can have multiple sandboxes and switch among them.
To make versions available to sandboxes, administrators create Version members and then select the member property Enable Sandboxes.

NEW QUESTION: 2
Which of the following items is considered as an objective of the three dimensional model within the framework described in COSO ERM?
A. Risk assessment
B. Control environment
C. Financial reporting
D. Monitoring
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The COSO ERM (Enterprise Risk Management) frame work is a 3-dimensional model. The dimensions and their components include:
Strategic Objectives - includes strategic, operations, reporting, and compliance.

Risk Components - includes Internal Environment, Objectives settings, Event identification, Risk

assessment, Risk response, Control activities, Information and communication, and monitoring.
Organizational Levels - include subsidiary, business unit, division, and entity-level.

The COSO ERM framework contains eight risk components:
Internal Environment

Objective Settings

Event Identification

Risk Assessment

Risk Response

Control Activities

Information and Communication

Monitoring

Section 404 of the Sarbanes-Oley act specifies a three dimensional model- COSO ERM, comprised of Internal control components, Internal control objectives, and organization entities. All the items listed are components except Financial reporting which is an internal control objective.
Incorrect Answers:
A, C, D: They are the Internal control components, not the Internal control objectives.

NEW QUESTION: 3
Which two fields should be examined when you use the show otv overlay command to verify that the overlay interface is enabled and the parameters match on both sides?
(Choose two.)
A. Site VLAN
B. Join interface
C. VPN state
D. Data group range
E. Control group
F. VPN name
Answer: C,E

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