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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2024-06-15.q282 Dumps
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Question 46

Which of the following data security policies is most likely to be the result of a data privacy law?

Correct Answer: D
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Question 47

Assume that each day an entity writes and receives checks totaling US $10,000. If it takes
5 days for the checks to clear and be deducted from the entity's account and only 4 days for the deposits to clear, what is the float?

Correct Answer: A
The float period is the time between when a check is written and when it clears the payer's checking account. Check float results in an interest-free loan to the payer because of the delay between payment by check and its deduction from the bank account. If checks written require one more day to clear than checks received, the net float equals one day's receipts. The entity will have free use of the money for one day_ In this case, the amount is US $10,000.
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Question 48

A benefit of using computer-aided software engineering CASE) technology is that it can ensure that:

Correct Answer: D
CASE is an automated technology at least in part) for developing and maintaining software and managing projects. A benefit of using CASE technology is that it can ensure that data integrity mules, including those for validation and access, are applied consistently across all files.
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Question 49

According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?

Correct Answer: C
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Question 50

An organization's account for office supplies on hand had a balance of S9,000 at the end of year one. During year two. the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

Correct Answer: B
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