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  • IIA-CIA-Part3 pdf
  • Exam Code: IIA-CIA-Part3
  • Exam Name: Business Knowledge for Internal Auditing
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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  • Exam Code: IIA-CIA-Part3
  • Exam Name: Business Knowledge for Internal Auditing
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NEW QUESTION: 1
Your company uses Microsoft SharePoint Online for collaboration.
A document library is configured as shown in the following table.

You need to enable the coauthoring of documents in the library.
What should you do?
A. Change the Who should see draft items in this document library? setting to Any user who can read items.
B. Change the Require content approval for submitted items? setting to No.
C. Change the Create a version each time you edit a file in this document library? setting to No Versioning.
D. Change the Require documents to be checked out before they can be edited? setting to No.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The question states that coauthoring of documents in the library is required. Coauthoring means the ability of multiple people to be able to edit a document simultaneously.
One way to control document collaboration is to require check-out of files, especially when multiple users have access to the library. If you have a file checked out, you can be sure that other people cannot overwrite it. However, you are also preventing other people from seeing the latest changes or making changes themselves.
Do not configure your library to require checkout if people plan to co-author documents in the library.
People cannot work simultaneously on documents when required check-out is turned on.

NEW QUESTION: 2
You have a hybrid deployment between a Microsoft Exchange Online tenant and on-premises Exchange Server 2019 organization. The on-premises organization contains several Exchange Server 2019 servers.
You discover that delivery fails for all email messages sent from the on-premises organization to Microsoft
365.
You discover that the certificate for an on-premises Exchange server expired.
You need to resolve the issue as quickly possible. The solution must minimize administrative effort.
What should you do on the on-premises Exchange server?
A. Generate a certificate request.
B. Create a new self-signed certificate.
C. Generate a certificate renewal request.
D. Add the certificate for a new root certification authority (CA).
Answer: C
Explanation:
Reference:
https://practical365.com/exchange-server/how-to-generate-ssl-certificate-request-exchange-2016/

NEW QUESTION: 3
What are two functions that WLAN management provides? (Choose two)
A. enhances security
B. system tests
C. uses standalone access points
D. simplifies daily operations
E. accommodates additional routers
Answer: A,D
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4
Yummy Doughnuts (YD) sells a variety of doughnuts and other related items through both company-owned locations and franchise locations. YD has experienced significant growth over the past five years.
However, barriers to entry are low and competition is increasing.
Linda Haas, CFA, follows YD for Gibraltar Capital. Gibraltar Capital prides itself on its thorough fundamental analysis of investment opportunities. The company uses a bottom-up approach to the investment process. Haas's security selection process utilizes residual income models to determine a stock's intrinsic value. Haas obtains YD's 2008 financial statements shown in Exhibit 1. In addition, Haas provides supporting information about YD's financials and other related material found in Exhibit 2.

Haas makes the following statements during her YD presentation to the investment committee.
Statement 1: Based on ROE mean reversion, YD's continuing residual income is assumed to decline to zero over time.
Statement 2: The residual income model states that if YD's ROE equals its equity cost of capital, then YD's intrinsic value will equal its book value per share.
Based on Exhibit 1, Exhibit 2, and the single-stage residual income model, YD's intrinsic value is closest to:
A. $13.00 per share.
B. $9.00 per share.
C. $11.00 per share.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
V0=B0 + [(ROE-r) x B0] / (r-g).
adjusted book value = (adjusted assets - adjusted liabilities) / total shares adjusted book value = [(total assets + op lease + capitalized R&D expense) - (current liabs + total debt + op lease)] / total shares adjusted book value = [(181 + 57 + (20 - 4)) - (38 + 12 + 57)] / 18.6 = 147 / 18.6 = 7.90 r = cost of equity = 0.15 (given in Exhibit 2) ROE = 0.17 (given in Exhibit 2) g = 0.10 (given in Exhibit 2) V0 = 7.90 + [(0.17 - 0.15) x 7.90] / (0.15 - 0.10) = 11.06 (Stud/ Session 13, LOS 43.f)

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