IIA IIA-CIA-Part3 CIA Exam Part Three: Business Knowledge for Internal Auditing Online Training
IIA IIA-CIA-Part3 Online Training
The questions for IIA-CIA-Part3 were last updated at Jan 28,2025.
- Exam Code: IIA-CIA-Part3
- Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 28,2025
Which of the following best explains the matching principle?
- A . Revenues should be recognized when earned.
- B . Revenue recognition is matched with cash.
- C . Expense recognition is tied to revenue recognition.
- D . Expenses are recognized at each accounting period.
Which of the following best explains the matching principle?
- A . Revenues should be recognized when earned.
- B . Revenue recognition is matched with cash.
- C . Expense recognition is tied to revenue recognition.
- D . Expenses are recognized at each accounting period.
Which of the following best explains the matching principle?
- A . Revenues should be recognized when earned.
- B . Revenue recognition is matched with cash.
- C . Expense recognition is tied to revenue recognition.
- D . Expenses are recognized at each accounting period.
Which of the following best explains the matching principle?
- A . Revenues should be recognized when earned.
- B . Revenue recognition is matched with cash.
- C . Expense recognition is tied to revenue recognition.
- D . Expenses are recognized at each accounting period.
Which of the following intangible assets is considered to have an indefinite life?
- A . Underground oil deposits
- B . Copyright
- C . Trademark
- D . Land
Which of the following should internal auditors be attentive of when reviewing personal data consent and opt-in/opt-out management process?
- A . Whether customers are asked to renew their consent for their data processing at least quarterly.
- B . Whether private data is processed in accordance with the purpose for which the consent was obtained?
- C . Whether the organization has established explicit and entitywide policies on data transfer to third parties.
- D . Whether customers have an opportunity to opt-out the right to be forgotten from organizational records and systems.
An analytical model determined that on Friday and Saturday nights the luxury brands stores should be open for extended hours and with a doubled number of employees present; while on Mondays and Tuesdays costs can be minimized by reducing the number of employees to a minimum and opening only for evening hours.
Which of the following best categorizes the analytical model applied?
- A . Descriptive.
- B . Diagnostic.
- C . Prescriptive.
- D . Prolific.
Which of the following statements is true regarding a bring-your-own-device (BYOD) environment?
- A . There is a greater need for organizations to rely on users to comply with policies and procedures.
- B . With fewer devices owned by the organization, there is reduced need to maintain documented policies and procedures.
- C . Incident response times are less critical in the BYOD environment, compared to a traditional environment
- D . There is greater sharing of operational risk in a BYOD environment
Which of the following is a primary driver behind the creation and prloritteation of new strategic Initiatives established by an organization?
- A . Risk tolerance
- B . Performance
- C . Threats and opportunities
- D . Governance
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