IIA-CIA-Part3 IIA Business Knowledge for Internal Auditing Free Practice Exam Questions (2025 Updated)

The risk that users try to bypass controls and do not install required software updates

The risk that smart devices can be lost or stolen due to their mobile nature

The risk that an organization intrusively monitors personal information stored on smart devices

The risk that proprietary information is not deleted from the device when an employee leaves

Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted

Breakeven is the amount of units sold to cover variable costs

Breakeven occurs when the contribution margin covers fixed costs

Following breakeven, net operating income will increase by the excess of fixed costs less the variable costs per unit sold

Access to personally identifiable information is limited to those who need it to perform their job.

Confidential data must be backed up and recoverable within a 24-hour period.

Updates to systems containing sensitive data must be approved before being moved to production.

A record of employees with access to insider information must be maintained, and those employees may not trade company stock during blackout periods.