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CIA Exam Part Three: Business Knowledge for Internal Auditing

Last Update 16 hours ago Total Questions : 488

The CIA Exam Part Three: Business Knowledge for Internal Auditing content is now fully updated, with all current exam questions added 16 hours ago. Deciding to include IIA-CIA-Part3-3P practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 121

Which of the following can be classified as debt investments?

A.

Investments in the capital stock of a corporation.

B.

Acquisition of government bonds.

C.

Contents of an investment portfolio.

D.

Acquisition of common of a stock corporation.

Question # 122

Which of the following organization structures would most likely be able to cope with rapid changes and uncertainties?

A.

Decentralized.

B.

Centralized.

C.

Departmentalized.

D.

Tall structure.

Question # 123

Which of me following is true of matrix organizations?

A.

A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager

B.

A combination of product and functional departments allows management lo utilize personnel from various functions

C.

Authority responsibility and accountability of the units involved may vary based on the project ' s life, or the organization ' s culture

D.

It is best suited for firms with scattered locations or for multi-lira. large-scale firms

Question # 124

Data encryption is an example of which of the following controls?

A.

Application control.

B.

IT general control

C.

Data input control

D.

Data output control

Question # 125

An organization has received funding to continue a program that utilizes an in-house Due to new legislative requirements the application will require additional features to capture information not previously collected Which of the following is the most critical for completing this specific project?

A.

A detailed budget that identifies hardware resources for the project

B.

A Gantt chart that identifies the critical path for completing the project

C.

Change management controls to avoid technical conflicts within the application

D.

A project plan with a flexible scope to accommodate legislative requirements

Question # 126

Which component of an organization ' s cybersecurity risk assessment framework would allow management to implement user controls based on a user ' s role?

A.

Prompt response and remediation policy.

B.

Inventory of information assets.

C.

Information access management.

D.

Standard security configurations.

Question # 127

A restaurant deeded to expand its business to include delivery services rather than relying on third-party food delivery services. Which of the following best describes the restaurant ' s strategy?

A.

Diversification

B.

Vertical integration

C.

Risk avoidance

D.

Differentiation

Question # 128

The mobility of personal smart devices significantly increases which of the following risks?

A.

Data integrity risks

B.

Compliance risks.

C.

Physical security risks

D.

Privacy risks

Question # 129

In reviewing an organization ' s IT infrastructure risks, which of the following controls is to be tested as part of reviewing workstations?

A.

Input controls.

B.

Segregation of duties.

C.

Physical controls.

D.

Integrity controls.

Question # 130

In an organization ' s established accounts payable department employees perform highly structured activities follow clearly defined procedures and have strict deadlines for performing their tasks The head of the department recently retired, and a new department head was hired To achieve the greatest benefit for this department and avoid redundancy the new leader should adopt which of the following leadership styles?

A.

Achievement-oriented style

B.

People-oriented style

C.

Goal-oriented style

D.

Task-oriented style

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