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IIA IIA-CIA-Part2 exam
  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
At the end of an accounting period, each expense that has been incurred but not yet paid should be recorded as ________.
A. a closing entry
B. an adjusting entry
C. a reversing entry
D. an opening entry
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Expenses should be recognized in the period in which they are incurred. In order to be consistent with the matching principle, an adjusting entry must be made to record the expense, regardless of whether it has been paid.

NEW QUESTION: 2
You need to configure security and compliance for the corporate website files.
Which Azure Blob storage settings should you use? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.

Answer:
Explanation:

Reference:
https://docs.microsoft.com/en-us/azure/storage/common/storage-introduction
https://docs.microsoft.com/en-us/azure/storage/files/storage-files-monitoring

NEW QUESTION: 3
An IBM Notes user can create personal signatures from a text, HTML, or image file. What statement below describes using an HTML or image file correctly?
A. The file can exist anywhere on the client computer.
B. The file can exist on any IBM Domino mail server.
C. The file can exist in the user's mail file.
D. The file can exist on the user's home mail server.
Answer: A

NEW QUESTION: 4
Your management team is considering using Porter's Value Chain to assist it in developing a new competitive strategy for the business.
Which THREE of the following statements would inform your management team about Porter's Value Chain?
A. It can help assess competitive pressures in the market.
B. It can help understanding of the linkages between business activities.
C. It can easily import data from existing management accounts.
D. It can help identify the processes that add customer value.
E. It can help identify the processes that add costs.
Answer: B,D,E

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