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Exam Code:
IIA-CIA-Part2
Exam Name:
Practice of Internal Auditing
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1
Opto Co. is a publicly-traded, consolidated enterprise reporting segment information. Which of the
following items is a required enterprise-wide disclosure regarding external customers?
A. The fact that transactions with a particular external customer constitute more than 10% of the total
enterprise revenues.
B. The identity of any external customer providing 10% or more of a particular operating segment's
revenue.
C. The identity of any external customer considered to be "major" by management.
D. Information on major customers is not required in segment reporting.
Answer: A
Explanation:
Choice "a" is correct. In order to conform to GAAP, financial statements for public business enterprises
must report segment information about a company's major customers if that customer provides 10% or
more of the combined revenue, internal and external, of all operating segments.
Choice "b" is incorrect. Revenue is 10% of ALL operating segments not "a particular" segment.
Choice "c" is incorrect. Disclosure is not at management's discretion.
Choice "d" is incorrect. Disclosure is required.

NEW QUESTION: 2
What was the function of a pest house in the preindustrial period?
A. To provide refuge to those who were threatened by pests.
B. To eradicate pests.
C. To treat contagious diseases.
D. To house people who had a contagious disease.
Answer: D

NEW QUESTION: 3
Which of the extension provides the generic CPQ backoffice customizing valid for both supported engines.
The customizing Attributes are part of Hybris item SAPConfiguration?
A. sapproductconfigbackoffice extension
B. Project or project task.
C. Required for an invoice
D. Unique project reference
Answer: A

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