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IIA-CHAL-QISA Exam Simulator
  • Exam Code: IIA-CHAL-QISA
  • Exam Name: Qualified Info Systems Auditor CIA Challenge Exam
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  • Q & A: 40 Questions and Answers
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NEW QUESTION: 1
CORRECT TEXT
Fill in the blank.
Type the command and syntax to view critical devices on a cluster member in a ClusterXL environment.
Answer:
Explanation:
cphaprob -ia list

NEW QUESTION: 2
Reserve Banks must issue operating circulars, which, together with Regulation J, govern the details of handling items through the Reserve Bank, including
A. Handling of government items
B. Handling of clearing instruments
C. Handling of government items and foreign instruments
D. Handling of foreign instruments
Answer: C

NEW QUESTION: 3
In the prior accounting period, an entity incorrectly expensed a newly purchased piece of equipment rather than establishing an asset balance and beginning to depreciable it over the estimated useful life of the item. To correct this material error in the single period financial statements of the current period, the entity records which entry?

A. Option D
B. Option C
C. Option B
D. Option A
Answer: D
Explanation:
To correct the prior-period material error, the entity must, in the single-period statements issued for the current period, adjust the affected opening balances. Hence, the entity must debit equipment for its cost and credit accumulated depreciation for the depreciation expense appropriate for the first year of the estimated useful life. Retained earnings must be credited because the error understated profit or overstated loss in the prior period.

NEW QUESTION: 4
DRAG DROP


Answer:
Explanation:


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