IIA-CIA-Part3 Practice Questions
Internal Audit Function
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Total Questions : 791
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An internal auditor found the following information while reviewing the monthly financial statements for a wholesaler of safety glasses: Opening inventory: 1,000 units at $2 per unit; Purchased: 5,000 units at $3 per unit; Sold: 3,000 units at $7 per unit. The cost of goods sold was reported at $8,500. Which of the following inventory methods was used to derive this value?
Which of the following controls is the most effective in mitigating activities of bots that continuously attempt to access a user’s account?
Which of the following job design techniques would most likely be used to increase employee motivation through job responsibility and recognition?
Which of the following is most influenced by a retained earnings policy?
The internal audit function conducted an engagement on maintenance operations of a construction organization and identified several issues of medium importance. The head of maintenance proposed an improvement plan with deadlines and personnel responsible. The internal audit function issued the final report to senior management. Senior management was dissatisfied with the report as they believed that improvement plan deadlines should be considerably shorter. Which of the following should the internal audit function change in the reporting process?
Which of the following statements is true regarding the management-by-objectives method?
A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25.000 shirts. Actual sales total S300.000. What is margin of safety sales for the company?
A supervisor receives a complaint from an employee who is frustrated about having to learn a new software program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:
Which of the following accurately describes the proper order of steps for an internal auditor to use when analyzing data?
Which of the following would be a concern related to the authorization controls utilized for a system?
Which of the following practices circumvents administrative restrictions on smart devices, thereby increasing data security risks?
When executive compensation is based on the organization ' s financial results, which of the following situations is most likely to arise?
According to IIA guidance, whose input must be considered when developing the annual internal audit plan?
An internationally recognized brand name is an entrance barrier to new competitors because new competitors would:
Which of the following controls is the most effective for ensuring confidentially of transmitted information?
