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 statements describes the typical benefit of using a flat organizational structure for the internal audit activity, compared to a hierarchical structure?
- A . A flat structure results in lower operating and support costs than a hierarchical structure.
- B . A flat structure results in a stable and very collaborative environment.
- C . A flat structure enables field auditors to report to and learn from senior auditors.
- D . A flat structure is more dynamic and offers more opportunities for advancement than a hierarchical structure.
An organization’s board of directors is particularly focused on positioning, the organization as a leader in the industry and beating the competition.
Which of the following strategies offers the greatest alignment with the board’s focus?
- A . Divesting product lines expected to have negative profitability.
- B . Increasing the diversity of strategic business units.
- C . Increasing investment in research and development for a new product.
- D . Relocating the organization’s manufacturing to another country.
At what stage of project integration management would a project manager and project management team typically coordinate the various technical and organizational interfaces that exist in the project?
- A . Project plan development.
- B . Project plan execution
- C . Integrated change control.
- D . Project quality planning
Internal auditors want to increase the likelihood of identifying very small control and transaction anomalies in their testing that could potentially be exploited to cause material breaches.
Which of the following techniques would best meet this objective?
- A . Analysis of the full population of existing data.
- B . Verification of the completeness and integrity of existing data.
- C . Continuous monitoring on a repetitive basis.
- D . Analysis of the databases of partners, such as suppliers.
CORRECT TEXT
Which of the following is a project planning methodology that involves a complex series of required simulations to provide information about schedule risk?
- A . Monte Carlo Analysis.
- B . Project Management Information System (PMIS).
- C . Earned Value Management (EVM).
- D . Integrated Project Plan
For which of the following scenarios would the most recent backup of the human resources database be the best source of information to use?
- A . An incorrect program fix was implemented just prior to the database backup.
- B . The organization is preparing to train all employees on the new self-service benefits system.
- C . There was a data center failure that requires restoring the system at the backup site.
- D . There is a need to access prior year-end training reports for all employees in the human resources database
Which of the following security controls would be me most effective in preventing security breaches?
- A . Approval of identity request
- B . Access logging.
- C . Monitoring privileged accounts
- D . Audit of access rights
Which of the following biometric access controls uses the most unique human recognition characteristic?
- A . Facial comparison using photo identification.
- B . Signature comparison.
- C . Voice comparison.
- D . Retinal print comparison.
A company produces water buckets with the following costs per bucket:
Direct labor = 82
Direct material = $5
Fixed manufacturing = 83.50
Variable manufacturing = 82.50
The water buckets are usually sold for $15. However, the company received a special order for 50.000 water buckets at 311 each.
Assuming there is adequate manufacturing capacity and ail other variables are constant, what is the relevant cost per unit to consider when deciding whether to accept this special order at the reduced price?
- A . $9.50
- B . $10.50
- C . $11
- D . $13
Which of the following financial statements provides the best disclosure of how a company’s money was used during a particular period?
- A . Income statement.
- B . Owner’s equity statement.
- C . Balance sheet.
- D . Statement of cash flows.
Latest IIA-CIA-Part3 Dumps Valid Version with 402 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
