An international nonprofit organization finances medical research. The majority of its revenue and support comes from fundraising activities, investments, and specific grants from an initial sponsoring corporation. The organization has been in operation over 15 years and has a small internal audit department. The organization has just finished a major fundraising drive that raised US $500 million for the current fiscal period.The following are selected data from recent financial statements (US dollar figures in millions):The auditor wishes to determine if the change in investment income during the current year was due to (a) changes in investment strategy, (b) changes in portfolio mix, or (c) other factors.Which of the following analytical review procedures should the auditor use?
Answer(s): D
Regression analysis develops an equation to explain the behavior of a dependent variable (for example, investment income) in terms of one or more independent variables (for example, market risk and the risks of particular investments). Multiple regression analysis is the best approach because it allows the auditor to regress the change in investment income on more than one independent variable.
Which of the following is not an appropriate time series forecasting technique?
Answer(s): C
The Delphi technique is an approach in which the manager solicits opinions on a problem from experts, summarizes the opinions, and feeds the summaries back to the experts (without revealing any of the participants to each other). The process is reiterated until the opinions converge on an optimal solution. Thus, the Delphi technique is a qualitative, not a quantitative, method.
A company in the process of analyzing inventory safety stock levels is having difficulty because demand vanes widely from one week to the next. However, it has been discovered that demand occurs according to a probability distribution.Which of the following is a stochastic model that the company could use in this situation?
Answer(s): A
A stochastic model is probabilistic. Markov processes quantify the likelihood of a future event based on the current state of the process.
A company experiences both variable usage rates and variable lead times for its inventory items. The probability distributions for both usage and lead times are known. A technique the company could use for determining the optimal safety stock levels for an inventory item is:
Simulation is a technique for experimenting with mathematical models using a computer. Monte Carlo simulation is a technique to generate the individual values for a random variable. A random number generator is used to produce numbers with a uniform probability distribution. The second step of the Monte Carlo process then transforms the random numbers into values consistent with the desired distribution. The performance of a model under conditions of uncertainty may be investigated by randomly selecting values for each of the variables in the model based on the probability distribution of each variable and then calculating the value of the solution. Advantages of Monte Carlo simulation are that time can be compressed, alternative policies can be considered, and complex systems can be analyzed.
A bank is designing an on-the-job training program for its branch managers. The bank would like to design the program so that participants can complete it as quickly as possible. The training program requires that certain activities be completed before others. For example, a participant cannot make credit loan decisions without first having obtained experience in the loan department. An appropriate scheduling technique for this training program is:
PERT/CPM is a network technique for scheduling interrelated time series activities and identifying any critical paths in the series of activities The critical path is the longest path through the network.
Share your comments for Financial CIA-III exam with other users:
q:37 c is correct
q6 exam topic: terramearth, c: correct answer: copy 1petabyte to encrypted usb device ???
explained answers
plan to take theaws certified developer - associate dva-c02 in the next few weeks
very helpfull
good questions
help to practice csa exam
nice tip and well documented
i need the exam
please upload
prepping for fsc exam
pd1 with great experience
@t it seems like azure service bus message quesues could be the best solution
helpful to check your understanding.
question 128 the answer should be static not auto
more comments here
great support to appear for exams
useful dumps
making progress
q31 answer should be d i think
is this real?
q10: c and f are also true. q11: this is outdated. you no longer need ownership on a pipe to operate it
good questions with simple explanation
admin guide (windows) respond to malicious causality chains. when the cortex xdr agent identifies a remote network connection that attempts to perform malicious activity—such as encrypting endpoint files—the agent can automatically block the ip address to close all existing communication and block new connections from this ip address to the endpoint. when cortex xdrblocks an ip address per endpoint, that address remains blocked throughout all agent profiles and policies, including any host-firewall policy rules. you can view the list of all blocked ip addresses per endpoint from the action center, as well as unblock them to re-enable communication as appropriate. this module is supported with cortex xdr agent 7.3.0 and later. select the action mode to take when the cortex xdr agent detects remote malicious causality chains: enabled (default)—terminate connection and block ip address of the remote connection. disabled—do not block remote ip addresses. to allow specific and known s
very inciting
question 5, it seems a instead of d, because: - care plan = case - patient = person account - product = product2;
it look like real one
i am taking oracle fcc certification test next two days, pls share question dumps
i need dumps
its time to comptia sec+
question 35 has an answer for a different question. i believe the answer is "a" because it shut off the firewall. "0" in registry data means that its false (aka off).
helpful content
oracle 19c is complex db
helpful for practice