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Exam Code: IIA-CIA-Part2
Exam Name: Practice of Internal Auditing
Vendor: IIA

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NEW QUESTION: 1
You manage a Hyper-V 2012 cluster by using System Center Virtual Machine Manager 2012 SP1. You need to ensure high availability for business-critical virtual machines (VMs) that host business-critical SQL Server databases.
Solution: You create an availability set and place each business-critical VM in the set.
Does this meet the goal?
A. Yes
B. No
Answer: A
Explanation:
Explanation/Reference:
Explanation:
When you place multiple virtual machines in an availability set, VMM will attempt to keep those virtual machines on separate hosts and avoid placing them together on the same host whenever possible. This helps to improve continuity of service.
References: https://technet.microsoft.com/en-us/library/jj628163.aspx

NEW QUESTION: 2

A. Global Supplier Registration
B. External Supplier Registration
C. Internal Supplier Registration
D. Discrete Supplier Registration
Answer: B

NEW QUESTION: 3
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with
Quo's president and outside accountants, made changes in accounting policies, corrected several errors
dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these
transactions as: a change in accounting principle, a change in accounting estimate, a correction of an
error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is
preferable, accounting for these long-term contracts was switched from the completed-contract method to
the percentage-of-completion method.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Change in accounting estimate.
C. Neither an accounting change nor an accounting error.
D. Change in accounting principal.
Answer: D
Explanation:
Choice "a" is correct. Switching from the completed-contract method of accounting to the percentage-of
completion method is a "change in accounting principle."


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