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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 256

Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?

Correct Answer: A
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Question 257

At December 31, SCM Ltd., a calendar-year entity, reported the following accounts for which the carrying amount differed from the tax base:

What taxable and deductible amounts are related to these temporary differences?

Correct Answer: B
The difference between the carrying amount of an asset or liability and its tax base is a temporary difference TD). A taxable (deductible) TD results in taxable deductible) amounts in the future when the carrying amount of the asset or liability is recovered or settled. The tax base is the amount Attributed for tax purposes to an asset or liability. The tax base of an asset is the amount deductible against Future taxable economic benefits when the asset's carrying amount is recovered. The tax base of a liability is the portion of the carrying amount that will not be deductible against future taxable economic benefits for tax Purposes. The tax base of revenue received in advance a liability) is the portion of the carrying amount taxable in the future. Thus, the US $70,000 temporary difference$150,000 carrying amount - $80,000 tax base) related to the depreciable assets is classified as a taxable amount. When income, such as rental income, is taxable before being recognized in accounting profit, future sacrifices to provide the rental service or refund amounts paid will result in future tax deductible amounts when the liability is settled. Thus, the US $40,000 temporary difference$40,000 carrying amount $0 tax base) related to the deferred rental Revenue is classified as a deductible amount.
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Question 258

Which of the following would be the strongest control to prevent unauthorized wireless network access?

Correct Answer: D
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Question 259

One drawback of business process reengineering BPR), sometimes referred to as business process analysis, is:

Correct Answer: D
Business process reengineering BPR), or business process analysis, involves process innovation and process redesign. Instead of improving existing procedures, it finds new ways of doing things. One major drawback of BPR is that employees may be resistant due to fear of layoffs, being replaced, or insecurity about new required skills or tasks that the employee now has to perform.
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Question 260

Which of the following principles are common to both hierarchical and open organizational structures?
1. Employees at all levels should be empowered to make decisions.
2. A supervisor's span of control should not exceed seven subordinates.
3. Responsibility should be accompanied by adequate authority.
4. A superior cannot delegate the ultimate responsibility for results.

Correct Answer: B
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