Summer Sale Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: buysanta

Exact2Pass Menu

CIA Exam Part Three: Business Knowledge for Internal Auditing

Last Update 15 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 15 hours ago. Deciding to include IIA-CIA-Part3-3P practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our IIA-CIA-Part3-3P exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these IIA-CIA-Part3-3P sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any CIA Exam Part Three: Business Knowledge for Internal Auditing practice test comfortably within the allotted time.

Question # 141

Which of me Wowing summarizes information about the cash receipts and cash payments for a specific time period?

A.

Income statement

B.

Statement of cash flows.

C.

Balance sheet

D.

Owner ' s equity statement

Question # 142

Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?

A.

Market price.

B.

Negotiation-based.

C.

Full absorption cost

D.

Variable cost

Question # 143

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?

A.

Unexpected increases in outsourcing costs.

B.

Loss of data privacy.

C.

Inadequate staffing.

D.

Violation of contractual terms.

Question # 144

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

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

Question # 145

Which of the following principles is shared by both hierarchical and open organizational structures?

1) A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions

2) A supervisor ' s span of control should not exceed seven subordinates

3) Responsibility should be accompanied by adequate authority

4) Employees at all levels should be empowered to make decisions.

A.

1 and 3 only.

B.

1 and 4 only.

C.

2 and 3 only

D.

3 and 4 only.

Question # 146

When is an organic organizational structure likely to be more successful than a mechanistic organizational structure?

A.

When a manufacturing organization has stable demand for its products.

B.

When an organization is subjected to strong political and social pressures

C.

When a manufacturer has reliable resources and suppliers

D.

When an organization is infrequently affected by technological advances

Go to page: