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Exam Code: IIA-CIA-Part1
Exam Name: Essentials of Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
SIMULATION
With IPv6, how many bits have been used for the interface identifier of an unicast address? (Specify the number using digits only.)
Answer:
Explanation:
64

NEW QUESTION: 2
In a business combination, the sum of the amounts assigned by the acquiring entity to assets acquired and liabilities incurred and assumed exceeds the consideration paid for the acquired entity. The excess should be reported as a:
A. Gain immediately in profit or loss.
B. Pro rata reduction of the amounts assigned to all acquired assets and a gain for any unallocated portion.
C. Reduction of the amounts assigned to current assets and a deferred credit for any unallocated portion.
D. Deferred credit
Answer: A
Explanation:
In a business combination, any excess of the fair value of the net assets acquired over the sum of the considerations transferred, any noncontrolling interests, and any previously held equity interest must be recognized immediately in profit or loss as a gain. Before concluding that the identification and measurement of the acquirer's assets, liabilities etc must be reassessed.

NEW QUESTION: 3
Select the transformation that will not allow a DQ mapplet to validate as a rule in version 9.1.
A. Aggregator Transformation
B. Address Validation Transformation
C. Labeler Transformation
D. Expression Transformation
Answer: A


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