IIA IIA-CIA-Part3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing Online Training
IIA IIA-CIA-Part3-3P Online Training
The questions for IIA-CIA-Part3-3P were last updated at Jan 20,2025.
- Exam Code: IIA-CIA-Part3-3P
- Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 20,2025
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?
- A . Key processes across the entity which impact quality must be identified and included.
- B . The quality management system must be documented in the articles of incorporation, quality manual, procedures, work instructions, and records.
- C . Management must review the quality policy, analyze data about quality management system performance, and assess opportunities for improvement and the need for change.
- D . The entity must have processes for inspections, testing, measurement, analysis, and improvement.
According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?
- A . Access system security.
- B . Policy development.
- C . Change management.
- D . Operations processes.
For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?
1) It significantly raises compensation and staffing costs.
2) It produces resentment among the organization’s employees in host countries.
3) It limits career mobility for parent-country nationals.
4) It can lead to cultural myopia.
- A . 1 and 4 only
- B . 2 and 3 only
- C . 1, 2, and 3 only
- D . 1, 2, and 4 only
In order to provide useful information for an organization’s risk management decisions, which of the following factors is least important to assess?
- A . The underlying causes of the risk.
- B . The impact of the risk on the organization’s objectives.
- C . The risk levels of current and future events.
- D . The potential for eliminating risk factors.
Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?
- A . Specializing in proven manufacturing techniques that have made the organization profitable in the past.
- B . Substituting its own production technology with advanced techniques used by its competitors.
- C . Forgoing profits over a period of time to gain market share from its competitors.
- D . Using the same branding to sell its products through new sales channels to target new markets.
Which of the following budgets must be prepared first?
- A . Cash budget.
- B . Production budget.
- C . Sales budget.
- D . Selling and administrative expenses budget.
Which of the following statements is false regarding the internal audit approach when a set of standards other than The IIA’s Standards is applicable to a specific engagement?
- A . The internal auditor may cite the use of other standards during audit communications.
- B . If the other standards are government-issued, the internal auditor should apply them in conjunction with The IIA’s Standards.
- C . If there are inconsistencies between the other standards and The IIA’s Standards, the internal auditor must use the more restrictive standards.
- D . If there are inconsistencies between the other standards and The IIA’s Standards, the internal auditor must use the less restrictive standards.
Which of the following statements regarding organizational governance is not correct?
- A . An effective internal audit function is one of the four cornerstones of good governance.
- B . Those performing governance activities are accountable to the customer.
- C . Accountability is one of the key elements of organizational governance.
- D . Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.
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