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 19,2025.
- Exam Code: IIA-CIA-Part3-3P
- Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 19,2025
Multinational organizations generally spend more time and effort to identify and evaluate:
- A . Internal strengths and weaknesses.
- B . Break-even points.
- C . External trends and events.
- D . Internal risk factors.
The economic order quantity for inventory is higher for an organization that has:
- A . Lower annual unit sales.
- B . Higher fixed inventory ordering costs.
- C . Higher annual carrying costs as a percentage of inventory value.
- D . A higher purchase price per unit of inventory.
Which of the following is an element of effective negotiating?
- A . Ensuring that the other party has a personal stake in the agreement.
- B . Focusing on interests rather than on obtaining a winning position.
- C . Considering a few select choices during the settlement phase.
- D . Basing the agreement on negotiating power and positioning leverage.
Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?
- A . Submit batches of test transactions through the current system and verify with expected results.
- B . Use a test program to simulate the normal data entering process.
- C . Select a sample of records from the database and ensure it matches supporting documentation.
- D . Evaluate compliance with the organization’s change management process.
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program?
1) Every employee generally has a responsibility for ensuring the success of CSR objectives.
2) The board has overall responsibility for the effectiveness of internal control processes associated with CSR.
3) Public reporting on the CSR governance process is expected.
4) Organizations generally have flexibility regarding what is included in a CSR program.
- A . 1, 2, and 3 only
- B . 1, 2, and 4 only
- C . 1, 3, and 4 only
- D . 2, 3, and 4 only
A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:
- A . A transmission control protocol/Internet protocol (TCP/IP).
- B . An operating system.
- C . A web browser.
- D . A web server.
Which of the following is the most appropriate test to assess the privacy risks associated with an organization’s workstations?
- A . Penetration test.
- B . Social engineering test.
- C . Vulnerability test.
- D . Physical control test.
Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?
- A . Lack of flexibility.
- B . Incompatibility with client/server technology.
- C . Employee resistance to change.
- D . Inadequate technical support.
Which of the following statements accurately describes the responsibility of the internal audit activity (IAA) regarding IT governance?
1) The IAA does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization.
2) The IAA must assess whether the IT governance of the organization supports the organization’s strategies and objectives.
3) The IAA may assess whether the IT governance of the organization supports the organization’s strategies and objectives.
4) The IAA may accept requests from management to perform advisory services regarding how the IT governance of the organization supports the organizationâ™s strategies and objectives.
- A . 1 only
- B . 4 only
- C . 2 and 4
- D . 3 and 4
Which of the following best describes a market signal?
- A . The bargaining power of buyers is forcing a drop in market prices.
- B . There is pressure from the competitor’s substitute products.
- C . Strategic analysis by the organization indicates feasibility of expanding to new market niches.
- D . The competitor announces a new warranty program.
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