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Exam Code: IIA-CIA-Part3
Exam Name: Business Knowledge for Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI and H2, respectively.
The company has a policy that only the Controllers and those above them can approve capital Items on requisitions and purchase orders. However, the Purchase Manager (who reports to the Controller) must also be able to authorize capital purchases.
The account range for capital items is: 2000-2599.
The relevant approval limits are:
1) Purchase Manager in both BGs: $100,000
2) Controller in BGI: $500,000 3) Controller in BG2: $200,000
Which two options represent a valid and efficient approval process? (Choose two.)
A. A buyer in BG2 raises a purchase order for $10,000 with charge for inventory items to be stocked in an asset subinventory. The Purchase Manager in BG2 verifies and forwards it to the Controller in BG2.
B. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 approves it and instructs the buyer to ensure a 2-year warranty on this equipment. The buyer in BG2 places the order on the supplier.
C. An employee in BG2 raises a capital requisition for $250,000, which is verified by the employee's manager and then forwarded to the group Controller in BG2 who approves it.
D. An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it.
E. The buyer hi BGI raises a standard purchase order for $250,000 with the charge account 2106. The Purchase Manager verifies it and forwards it to the controller in BGI who approves it.
F. The shop floor supervisor in BGI raises a requisition for a new drilling machine for $250,000. The supervisor's manager (Production Manager) verifies the requisition and forwards it to the Controller in BGI for a final approval.
Answer: B,E

NEW QUESTION: 2
ビジネス要件では、10%から25%の割引がある商談は、リージョナルセールスマネージャー(RSM)によって承認される必要があることを指定しています。ビジネス要件に対処するアプローチはどれですか?
A. RSMへのワークフロータスクと電子メール通知を作成します。
B. RSMを承認者として、承認ステップを作成します。
C. 保存時に商談の所有者をRSMに変更します。
D. 承認ステップとワークフロールールを作成して、RSMのタスクを作成します。
Answer: B

NEW QUESTION: 3
The FusionSphere Virtualization Suite can be upgraded smoothly to the FusionSphere Cloud Suite.
A. TRUE
B. FALSE
Answer: B


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