IIA-ACCA Exam Practice Test Instant Access

Question 1

An organization requires an average of 58 days to convert raw materials into finished products to sell. An average of 42 additional days is required to collect receivables. If the organization takes an average of 10 days to pay for the raw materials, how long is its total cash conversion cycle?

A26 days.

B90 days.

C100 days.

D110 days.

Answer : B

Question 2

A large hospital has an existing contract with a vendor in another country to provide software support and maintenance of the hospital's patient records information system. From the hospital management's perspective, which of the following controls would be most effective to address privacy risks related to this outsourcing arrangement^

AConduct periodic reviews of the privacy policy to ensure that the existing policy meets current legislation requirements in both regions.

BInclude a 'right to audit' clause in the contract and impose detailed security obligations on the outsourced vendor

CImplement mandatory privacy training for management to help with identifying privacy risks when outsourcing services

DDevelop an incident monitoring and response plan to track breaches from internal and external sources

Answer : A

Question 3

Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?

AHigher cash flow and treasury balances

BHigher inventory balances

CHigher accounts receivable

DHigher accounts payable

Answer : C

Question 4

According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

AReport identifying data that is outside of system parameters

BReport identifying general ledger transactions by time and individual

CReport comparing processing results with original input

DReport confirming that the general ledger data was processed without error.

Answer : B

Question 5

Which of the following is a key component of an organization's cybersecunty governance?

AAdministrators monitoring the use, assignment and configuration of privileges on the network.

BThe IT department establishing^ implementing, and actively managing security configurations.

CManagement identifying and classifying the types of critical data in the organization's system

DSenior management of the organization setting the cybersecurity policy

Answer : D

Question 6

Which of the following are the most common characteristics of big data?

AVisibility, validity, vulnerability

BVelocity, variety volume.

CComplexity completeness constancy

DContinuity, control convenience

Answer : B

Question 7

Which of the following characteristics is most important specifically for a global manager to possess in order to be successful?

AKnowledge of different languages.

BUnderstanding of uncertainty avoidance differences

CEmotional intelligence

DCultural intelligence

Answer : D

IIA ACCA CIA Challenge Exam Practice Test