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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

Last Update 4 days ago
Total Questions : 488

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Question # 51

The head of the research and development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?

1) Favorable labor efficiency variance.

2) Adverse labor rate variance.

3) Adverse labor efficiency variance.

4) Favorable labor rate variance.

Options:

A.  

1 and 2.

B.  

1 and 4.

C.  

3 and 4.

D.  

2 and 3.

Discussion 0
Question # 52

Which of the following is a systems software control?

Options:

A.  

Restricting server room access to specific individuals

B.  

Housing servers with sensitive software away from environmental hazards.

C.  

Ensuring that ail user requirements are documented.

D.  

Performing of intrusion testing on a regular basis

Discussion 0
Question # 53

An internal auditor has been approved lo gather data directly horn the organization's relational database management system tor data analyses To collect the data which of the Wowing is most important for the auditor to know?

Options:

A.  

Structured query language

B.  

Spreadsheet software such as Excel

C.  

Data management system such as Oracle

D.  

Basic web development

Discussion 0
Question # 54

Which of the following is likely to occur when an organization decides to adopt a decentralized organizational structure?

Options:

A.  

A slower response to external change.

B.  

Less controlled decision making.

C.  

More burden on higher-level managers.

D.  

Less use of employees' true skills and abilities.

Discussion 0
Question # 55

As it relates to the data analytics process, which of the following best describes the purpose of an internal auditor who cleaned and normalized data?

Options:

A.  

The auditor eliminated duplicate information.

B.  

The auditor organized data to minimize useless information.

C.  

The auditor made data usable for a specific purpose by ensuring that anomalies were identified and corrected.

D.  

The auditor ensured data fields were consistent and that data could be used for a specific purpose.

Discussion 0
Question # 56

During a review of the accounts payable process, an internal auditor gathered all of the vendor payment transactions for the past 24 months. The auditor then used an analytics tool to identify the top five vendors that received the highest sum of payments.

Which of the following analytics techniques did the auditor apply?

Options:

A.  

Process analysis.

B.  

Process mining.

C.  

Data analysis.

D.  

Data mining.

Discussion 0
Question # 57

An employee frequently uses a personal smart device to send and receive work-related emails. Which of the following controls would be most effective to mitigate security risks related to these transmissions?

Options:

A.  

Hardware encryption.

B.  

Software encryption

C.  

Data encryption.

D.  

Authentication.

Discussion 0
Question # 58

Which of the following statements is true regarding user-developed applications (UDAs) and traditional IT applications?

Options:

A.  

UDAs and traditional IT applications typically follow a similar development life cycle.

B.  

A UDA usually includes system documentation to illustrate its functions, and IT-developed applications typically do not require such documentation.

C.  

Unlike traditional IT applications, UDAs typically are developed with little consideration of controls.

D.  

IT testing personnel usually review both types of applications thoroughly to ensure they were developed properly.

Discussion 0
Question # 59

An organization has a total asset turnover of 3.0 times and a total debt-to-total assets ratio of 80 percent. If the organization has total debt of $1 000 000 what is the organization's sales level?

Options:

A.  

$266.667

B.  

$416,667

C.  

$3.750.000

D.  

$5 000.000

Discussion 0
Question # 60

When using data analytics during a review of the procurement process, what is the first step in the analysis process?

Options:

A.  

Identify data anomalies and outliers

B.  

Define questions to be answered

C.  

Identify data sources available

D.  

Determine the scope of the data extract.

Discussion 0
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