Pre-Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 65pass65

IIA-CIA-Part3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing is now Stable and With Pass Result | Test Your Knowledge for Free

Exams4sure Dumps

IIA-CIA-Part3-3P Practice Questions

CIA Exam Part Three: Business Knowledge for Internal Auditing

Last Update 4 days ago
Total Questions : 488

Dive into our fully updated and stable IIA-CIA-Part3-3P practice test platform, featuring all the latest CIA exam questions added this week. Our preparation tool is more than just a IIA study aid; it's a strategic advantage.

Our free CIA practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about IIA-CIA-Part3-3P. Use this test to pinpoint which areas you need to focus your study on.

IIA-CIA-Part3-3P PDF

IIA-CIA-Part3-3P PDF (Printable)
$43.75
$124.99

IIA-CIA-Part3-3P Testing Engine

IIA-CIA-Part3-3P PDF (Printable)
$50.75
$144.99

IIA-CIA-Part3-3P PDF + Testing Engine

IIA-CIA-Part3-3P PDF (Printable)
$63.7
$181.99
Question # 11

An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Which of the following approaches is most appropriate to address this concern?

Options:

A.  

The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.

B.  

The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.

C.  

The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.

D.  

The organization should work with the service provider to review the current agreement and

expectations relating to objectives, processes, and overall performance.

Discussion 0
Question # 12

Refer to the exhibit.

If the profit margin of an organization decreases, and all else remains equal, which of the following describes

how the "Funds Needed" line in the graph below will shift?

Options:

A.  

The "Funds Needed" line will remain pointed upward, but will become less steep.

B.  

The "Funds Needed" line will remain pointed upward, but will become more steep.

C.  

The "Funds Needed" line will point downward with a minimal slope.

D.  

The "Funds Needed" line will point downward with an extreme slope.

Discussion 0
Question # 13

Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?

Options:

A.  

Intranet.

B.  

Extranet.

C.  

Digital subscriber line.

D.  

Broadband.

Discussion 0
Question # 14

Which of the following professional organizations sets standards for quality and environmental audits?

Options:

A.  

The Committee of Sponsoring Organizations of the Treadway Commission.

B.  

The Board of Environmental, Health, and Safety Auditor Certifications.

C.  

The International Organization of Supreme Audit Institutions.

D.  

The International Standards Organization.

Discussion 0
Question # 15

During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of $1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?

Options:

A.  

$170,000

B.  

$280,000

C.  

$300,000

D.  

$540,000

Discussion 0
Question # 16

A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

Options:

A.  

Sort on product identification code and identify missing product identification codes.

B.  

Review store identification code and identify missing product identification codes.

C.  

Compare product identification codes for consecutive periods.

D.  

Compare product identification codes by store for consecutive periods.

Discussion 0
Question # 17

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?

Options:

A.  

Accommodating.

B.  

Compromising.

C.  

Collaborating.

D.  

Competing.

Discussion 0
Question # 18

Multinational organizations generally spend more time and effort to identify and evaluate:

Options:

A.  

Internal strengths and weaknesses.

B.  

Break-even points.

C.  

External trends and events.

D.  

Internal risk factors.

Discussion 0
Question # 19

Which of the following must be adjusted to index a progressive tax system to inflation?

Options:

A.  

Tax deductions, exemptions, and tax filings.

B.  

Tax deductions, exemptions, and tax brackets.

C.  

Tax brackets, tax deductions, and tax payments.

D.  

Tax brackets, exemptions, and nominal tax receipts.

Discussion 0
Question # 20

When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:

Options:

A.  

Identifying risks to the organization's operations.

B.  

Observing and analyzing controls.

C.  

Prioritizing known risks.

D.  

Reviewing organizational objectives.

Discussion 0
Get IIA-CIA-Part3-3P dumps and pass your exam in 24 hours!

Free Exams Sample Questions