Exam Details

  • Exam Code
    :IIA-CIA-PART3-3P
  • Exam Name
    :CIA Exam Part Three: Business Knowledge for Internal Auditing
  • Certification
    :IIA Certifications
  • Vendor
    :IIA
  • Total Questions
    :413 Q&As
  • Last Updated
    :

IIA IIA Certifications IIA-CIA-PART3-3P Questions & Answers

  • Question 341:

    When initiating international ventures, an organization should consider cultural dimensions in order to prevent misunderstandings. Which of the following does not represent a recognized cultural dimension in a work environment?

    A. Self control.

    B. Power distance.

    C. Masculinity versus femininity.

    D. Uncertainty avoidance.

  • Question 342:

    An organization produces two products, X and Y. The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows:

    Product X Product Y Selling price per unit $10 $13 Materials per unit (at $1/kg) 2 kg 6 kg Monthly demand 100 units 120 units In order to maximize profit, how much of product Y should the organization produce each month?

    A. 50 units.

    B. 60 units.

    C. 100 units.

    D. 120 units.

  • Question 343:

    Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?

    A. Submit batches of test transactions through the current system and verify with expected results.

    B. Use a test program to simulate the normal data entering process.

    C. Select a sample of records from the database and ensure it matches supporting documentation.

    D. Evaluate compliance with the organization's change management process.

  • Question 344:

    Which of the following standards would be most useful in evaluating the performance of a customer-service group?

    A. The average time per customer inquiry should be kept to a minimum.

    B. Customer complaints should be processed promptly.

    C. Employees should maintain a positive attitude when dealing with customers.

    D. All customer inquiries should be answered within seven days of receipt.

  • Question 345:

    Which of the following actions is most likely to gain support for process change?

    A. Set clear objectives.

    B. Engage the various communities of practice within the organization.

    C. Demonstrate support from senior management.

    D. Establish key competencies.

  • Question 346:

    Capacity overbuilding is most likely to occur when management is focused on which of the following?

    A. Marketing.

    B. Finance.

    C. Production.

    D. Diversification.

  • Question 347:

    Which of the following steps should an internal auditor take during an audit of an organization's business

    continuity plans?

    1) Evaluate the business continuity plans for adequacy and currency.

    2) Prepare a business impact analysis regarding the loss of critical business.

    3) Identify key personnel who will be required to implement the plans.

    4) Identify and prioritize the resources required to support critical business processes.

    A. 1 only

    B. 2 and 4 only

    C. 1, 3, and 4 only

    D. 1, 2, 3, and 4

  • Question 348:

    An organization facing rapid growth decides to employ a third party service provider to manage its

    customer relationship management function. Which of the following is true regarding the supporting

    application software used by that provider compared to an in- house developed system?

    1) Updating documentation is always a priority.

    2) System availability is usually more reliable.

    3) Data security risks are lower.

    4) Overall system costs are lower.

    A. 1 and 2 only

    B. 1 and 3 only

    C. 2 and 4 only

    D. 3 and 4 only

  • Question 349:

    Which of the following is the most likely reason an organization may decide to undertake a stock split?

    A. To keep stock price constant.

    B. To keep shareholders' equity constant.

    C. To increase shareholders' equity.

    D. To enhance the stock liquidity.

  • Question 350:

    Which of the following statements best describes the frameworks set forth by the International Standards Organization?

    A. Globally accepted standards for industries and processes.

    B. Bridging the gaps among control requirements, technical issues, and business risks.

    C. Practical guidance and benchmarks for all organizations that use information systems.

    D. Frameworks and guidance on enterprise risk management, internal control, and fraud deterrence.

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