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  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
  • Version: V17.95
  • Q & A: 400 Questions and Answers
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  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
  • Version: V17.95
  • Q & A: 400 Questions and Answers
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  • Exam Code: IIA-CIA-Part2
  • Exam Name: Practice of Internal Auditing
  • Version: V17.95
  • Q & A: 400 Questions and Answers
  • Software Price: $51.98
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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. 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.
B. 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.
C. 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.
D. 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.
E. 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.
F. 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.
Answer: C,D
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
Which three statements about DWDM are true? (Choose three)
A. It can multiplex up to 256 channels on a single fiber
B. It is used for long-distance and submarine cable systems
C. Each channel can carry up to a 1-Gbps signal
D. It supports both the SDH and SONET standards
E. It supports simplex communications over multiple strands of fiber
F. It allows a single strand of fiber to support bidirectional communications
Answer: A,C,D
Explanation:
Explanation: ref:
https://www.cisco.com/en/US/products/hw/optical/ps2011/products_data_sheet09186a008012a900.html

NEW QUESTION: 3
In which phase of the analytic lifecycle would you expect to spend most of the project time?
A. Data preparation
B. Discovery
C. Communicate Results
D. Operationalize
Answer: A
Explanation:
Explanation/Reference:


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