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Exam Code: IAA-IAP
Exam Name: Internal Audit Practitioner
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
Sam is a member of the Finance Administration group and the Everyone group. Everyone has No
Access and the Finance Administration group has been assigned the predefined Schedule access level to the Finance Reports subfolder. Which two tasks can Sam perform? (Choose two.)
A. Check the history of objects in the Finance Reports subfolder.
B. Schedule report objects in the Finance Reports subfolder.
C. View objects in the Finance Reports subfolder on demand.
D. Delete objects in the Finance Reports subfolder.
Answer: A,B

NEW QUESTION: 2
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
A. Expected consideration value is applicable to all industries.
B. Revenue and performance obligation liabilities are not dependent on billing.
C. Pricing estimates cannot be used in the absence of pricing data.
D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: A,C

NEW QUESTION: 3
Which one of the following is "synchronous link" design?
A. Bonded T1s
B. Internet VPN
C. MPLS VPN
D. SSL VPN over serial cable modem
Answer: A


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