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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

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CIA Exam Part Three: Business Knowledge for Internal Auditing

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Total Questions : 488

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Question # 41

Which of the following network types should an organization choose if it wants to allow access only to its own personnel?

Options:

A.  

An extranet

B.  

A local area network.

C.  

An intranet

D.  

The internet

Discussion 0
Question # 42

Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?

Options:

A.  

It calculates the overall value of a project

B.  

It ignores the time value of money

C.  

It calculates the time a project takes to break even.

D.  

It begins at time zero for the project.

Discussion 0
Question # 43

Which of the following situations best applies to an organization that uses a project rather man a process to accomplish its business activities?

Options:

A.  

A clothing company designs makes and sells a new item.

B.  

A commercial constructor company is hired to build a warehouse.

C.  

A city department sets up a new firefighter training program.

D.  

A manufacturing organization acquires component parts from a contracted vendor

Discussion 0
Question # 44

A bond that matures after one year has a face value of $250,000 and a coupon of $30,000. If the market price of the bond is $265,000, which of the following would be the market interest rate?

Options:

A.  

Less than 12 percent.

B.  

12 percent.

C.  

Between 12.01 percent and 12.50 percent.

D.  

More than 12.50 percent.

Discussion 0
Question # 45

An organization's account for office supplies on hand had a balance of S9,000 at the end of year one. During year two. the organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

Options:

A.  

A debit to office supplies on hand for S2.500

B.  

A debit to office supplies on hand for $11,500

C.  

A debit to office supplies on hand for S20.500

D.  

A debit to office supplies on hand for S42.500

Discussion 0
Question # 46

Which of the following application controls checks the integrity of data entered into a business application?

Options:

A.  

Input controls.

B.  

Output controls

C.  

Processing controls

D.  

Integrity controls

Discussion 0
Question # 47

An internal auditor observed that the organization's disaster recovery solution will make use of a code site in a town several miles away Which of the following is likely to be a characteristic of this disaster recovery solution?

Options:

A.  

Data is synchronized in real lime

B.  

Recovery time is expected to be less than one week

C.  

Servers are not available and need to be procured

D.  

Recovery resources and data restore processes have not been defined

Discussion 0
Question # 48

Which of the following application controls can be defined as controls that monitor data Being processed and in storage to ensure it remains consistent and correct?

Options:

A.  

Input controls

B.  

Output controls

C.  

Integrity controls

D.  

Processing controls

Discussion 0
Question # 49

Which of the following would most likely be found in an organization that uses a decentralized organizational structured?

Options:

A.  

There is a higher reliance on organizational culture

B.  

There are clear expectations set for employees

C.  

There are electronic monitoring techniques employed

D.  

There is a defined code for employee behavior

Discussion 0
Question # 50

An organization is considering outsourcing its IT services, and the internal auditor is assessing the related risks. The auditor grouped the related risks into three categories:

Risks specific to the organization itself.

Risks specific to the service provider.

Risks shared by both the organization and the service provider.

Which of the following risks should the auditor classify as specific to the service provider?

Options:

A.  

Unexpected increases in outsourcing costs.

B.  

Loss of data privacy.

C.  

Inadequate staffing.

D.  

Violation of contractual terms.

Discussion 0
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