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Exam Code: IIA-CIA-Part2
Exam Name: Practice of Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
Which of the following is NOT a revenue recognition method when there is uncertainty surrounding the realizability of income?
A. Real Estate Method
B. Cost Recovery Method
C. Completed Contract Method
D. Installment Sales Method
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The completed contract method is used for revenue recognition in the case of long-term contracts. In particular, it is chosen instead of the percentage-of-completion method if there are no reliable measures of the degree to which the contract obligations have been fulfilled.

NEW QUESTION: 2
Which characteristic distinguishes a project from regular business operations?
A. Produces benefits
B. Introduces business change
C. Manages stakeholders
D. Incurs cost
Answer: B

NEW QUESTION: 3
A volume with a single LUN shows 30% deduplication savings. However, the output of df on the cluster does not show the 30% savings back to the volume or aggregate.
What is causing this behavior?
A. LUN space reserve is enabled.
B. LUN space reserve is disabled.
C. Volume space guarantee is set to none.
D. Volume space guarantee is set to volume.
Answer: A


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