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
Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization’s cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?
- A . Electronic funds transfer.
- B . Knowledge-based systems.
- C . Biometrics.
- D . Standardized graphical user interface.
Refer to the exhibit.
The figure below shows the network diagram for the activities of a large project .
What is the shortest number of days in which the project can be completed?
- A . 21 days.
- B . 22 days.
- C . 27 days.
- D . 51 days.
An organization is considering the outsourcing of its business processes related to payroll and information technology functions .
Which of the following is the most significant area of concern for management regarding this proposed agreement?
- A . Ensuring that payments to the vendor are appropriate and timely for the services delivered.
- B . Ensuring that the vendor has complete management control of the outsourced process.
- C . Ensuring that there are means of monitoring the efficiency of the outsourced process.
- D . Ensuring that there are means of monitoring the effectiveness of the outsourced process.
A key advantage of developing a computer application by using the prototyping approach is that it:
- A . Does not require testing for user acceptance.
- B . Allows applications to be portable across multiple system platforms.
- C . Is less expensive since it is self-documenting.
- D . Better involves users in the design process.
According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization’s social and environmental impact on the local community?
1) Determine whether previous incidents have been reported, managed, and resolved.
2) Determine whether a business contingency plan exists.
3) Determine the extent of transparency in reporting.
4) Determine whether a cost/benefit analysis was performed for all related projects.
- A . 1 and 3.
- B . 1 and 4.
- C . 2 and 3.
- D . 2 and 4.
At what point during the systems development process should an internal auditor verify that the new application’s connectivity to the organization’s other systems has been established correctly?
- A . Prior to testing the new application.
- B . During testing of the new application.
- C . During implementation of the new application.
- D . During maintenance of the new application.
Which of the following techniques would be least effective in resolving the conflict created by an internal audit client’s perception of the audit report as a personal attack on his management performance?
- A . The auditor should focus on the audit client as a person and understand him, rather than just concentrating on the problem.
- B . The auditor should make recommendations based on objective criteria, rather than based on a subjective assessment.
- C . The auditor should explore alternative solutions to address the audit problem, so the audit client has options.
- D . The auditor should take a flexible position on the recommendations and focus on resolving the issue by addressing the interests of the people concerned.
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?
- A . Giving assurance that risks are evaluated correctly.
- B . Developing the risk management strategy for the board’s approval.
- C . Facilitating the identification and evaluation of risks.
- D . Coaching management in responding to risk.
A global business organization is selecting managers to post to various international (expatriate) assignments.
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1) Superior technical competence.
2) Willingness to attempt to communicate in a foreign language.
3) Ability to empathize with other people.
- A . 1 and 2 only
- B . 1 and 3 only
- C . 2 and 3 only
- D . 1, 2, and 3
Which of the following standards would be most useful in evaluating the performance of a customer-service group?
- A . The average time per customer inquiry should be kept to a minimum.
- B . Customer complaints should be processed promptly.
- C . Employees should maintain a positive attitude when dealing with customers.
- D . All customer inquiries should be answered within seven days of receipt.
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