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
Which of the following statements about COBIT is not true?
- A . COBIT helps management understand and manage the risks associated with information technology (IT) processes.
- B . Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.
- C . COBIT control objectives are specific to various IT platforms and help determine minimum controls.
- D . COBIT provides management with the capability to conduct self-assessments against industry best practices.
During which phase of disaster recovery planning should an organization identify the business units, assets, and systems that are critical to continuing an acceptable level of operations?
- A . Scope and initiation phase.
- B . Business impact analysis.
- C . Plan development.
- D . Testing.
Which of the following conflict resolution methods should be applied when the intention of the parties is to solve the problem by clarifying differences and attaining everyone’s objectives?
- A . Accommodating.
- B . Compromising.
- C . Collaborating.
- D . Competing.
The economic order quantity can be calculated using the following formula:
Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?
- A . Decrease by about 17 percent.
- B . Decrease by about 7 percent.
- C . Increase by about 7 percent.
- D . Increase by about 17 percent.
Which of the following is true regarding an organization’s relationship with external stakeholders?
- A . Specific guidance must be followed when interacting with nongovernmental organizations.
- B . Disclosure laws tend to be consistent from one jurisdiction to another.
- C . There are several internationally recognized standards for dealing with financial donors.
- D . Legal representation should be consulted before releasing internal audit information to other assurance
According to the Standards, which of the following is based on the assertion that the quality of an organization’s risk management process should improve with time?
- A . Process element.
- B . Key principles.
- C . Maturity model.
- D . Assurance.
Which of the following local area network physical layouts is subject to the greatest risk of failure if one device fails?
- A . Star network.
- B . Bus network.
- C . Token ring network.
- D . Mesh network.
Which of the following statements is in accordance with COBIT?
1) Pervasive controls are general while detailed controls are specific.
2) Application controls are a subset of pervasive controls.
3) Implementation of software is a type of pervasive control.
4) Disaster recovery planning is a type of detailed control.
- A . 1 and 4 only
- B . 2 and 3 only
- C . 2, 3, and 4 only
- D . 1, 2, and 4 only
The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:
- A . Use an aging schedule to more closely estimate uncollectible accounts.
- B . Eliminate the need for an allowance for doubtful accounts.
- C . Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
- D . Use a method that approximates the matching principle.
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
- A . It uses the same products in all countries.
- B . It centralizes control with little decision-making authority given to the local level.
- C . It is an effective strategy when large differences exist between countries.
- D . It provides cost advantages, improves coordinated activities, and speeds product development.
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