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IIA IIA-CIA-Part1

Essentials of Internal Auditing

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NEW QUESTION: 1
Which SAP Fiori app types require the SAP HANA database?
There are 2 correct answers to this question
Response:
A. Legacy
B. Analytical
C. Factsheet
D. Transactional
Answer: B,C

NEW QUESTION: 2
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 sells extended service contracts on its products. Because related services are performed over several years, in 1993 Quo changed from the cash method to the accrual method of recognizing income from these service contracts.
List A (Select one)
A. Neither an accounting change nor an accounting error.
B. Change in accounting principal.
C. Correction of an error in previously presented financial statements.
D. Change in accounting estimate.
Answer: C

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B. Current year asset acquisition transactions
C. Accumulated depreciation per cost center
D. Closed year asset sale transactions
E. Current year posted depreciation
Answer: C,D,E

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IIA IIA-CIA-Part1

Essentials of Internal Auditing

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    IIA IIA-CIA-Part1 (Essentials of Internal Auditing)

    Questions and Answers : 347
    Q&A Update On : January 3, 2019
    File Format : PDF
    Windows Compatibility : Windows 10/8/7/Vista/2000/XP/98
    Mac Compatibility : All Versions including iOS 4/5/6/7
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    Linux : All Linux Versions
    Download IIA-CIA-Part1 Sample Questions

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    IIA IIA-CIA-Part1 (Essentials of Internal Auditing)

    VCE Exam Simulator Q&A : 347
    Q&A Update On : January 3, 2019
    File Format : Installable Setup (.EXE)
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