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- Exam Code: IIA-CIA-Part3
- Exam Name: Business Knowledge for Internal Auditing
- Version: V12.35
- Q & A: 70 Questions and Answers
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NEW QUESTION: 1
A. Option C
B. Option D
C. Option B
D. Option A
Answer: B,D
NEW QUESTION: 2
In your client company, proration has been enabled on the element. The payroll user has updated the Grade of the employee in the middle of the payroll period. This has triggered the proration Event. What happens once the proration event is triggered?
A. It creates two Input Values: one for the payroll period up to the day before the event, and one from the date of the event to the end of the period.
B. The employee is added to an Assignment Set for that payroll period.
C. It runs the payroll run twice: once before the event and once after the event.
D. It creates two Run Results: one from the payroll period start date up to the day before the event, and one from the date of the event to the end of the period.
E. It creates two Global Values: one for the payroll period up to the day before the event, and one from the date of the event to the end of the period.
Answer: D
Explanation:
Explanation
Proration is expected to have two different results using the date as the demarcation Note:
BRM does the following to calculate the prorated fee for each product that is valid during the cycle:
1. Calculates the unit intervals. See "Calculating the Unit Interval".
2.Calculates the scales for the part of the period to be prorated that falls into each unit interval.
3.Sums up the scales for all the unit intervals to get the scale for the entire period to be prorated.
4.Calculates the prorated amount by multiplying the scale for the entire period by the cycle fee amount.
NEW QUESTION: 3
The costs of quality that are incurred in detecting units of product that do not conform to product specifications are referred to as:
A. Failure costs.
B. Prevention costs.
C. Appraisal costs.
D. Rework costs.
Answer: C
Explanation:
Appraisal activities include inspection and testing. Appraisal costs (such as test equipment maintenance and destructive testing) are incurred to detect products not conforming to specifications.
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