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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 # 81

What are the objectives of governance as defined by the Standards?

A.

Inform, direct, manage, and monitor.

B.

Identify, assess, manage, and control.

C.

Organize, assign, authorize, and implement.

D.

Add value, improve, assure, and conform.

Question # 82

A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:

A.

A transmission control protocol/Internet protocol (TCP/IP).

B.

An operating system.

C.

A web browser.

D.

A web server.

Question # 83

According to Porter ' s model of competitive strategy, which of the following is a generic strategy?

1 Differentiation.

2) Competitive advantage.

3) Focused differentiation.

4) Cost focus.

A.

2 only

B.

3 and 4 only

C.

1, 3, and 4 only

D.

1, 2, 3, and 4

Question # 84

When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:

A.

Identifying risks to the organization ' s operations.

B.

Observing and analyzing controls.

C.

Prioritizing known risks.

D.

Reviewing organizational objectives.

Question # 85

In order to provide useful information for an organization ' s risk management decisions, which of the following factors is least important to assess?

A.

The underlying causes of the risk.

B.

The impact of the risk on the organization ' s objectives.

C.

The risk levels of current and future events.

D.

The potential for eliminating risk factors.

Question # 86

Which of the following is a role of the board of directors in the governance process?

A.

Conduct periodic assessments of the organization ' s governance systems.

B.

Obtain assurance concerning the effectiveness of the organization ' s governance systems.

C.

Implement an effective system of internal controls to support the organization ' s governance systems.

D.

Review and approve operational goals and objectives.

Question # 87

According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?

A.

Access system security.

B.

Policy development.

C.

Change management.

D.

Operations processes.

Question # 88

A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

A.

Sort on product identification code and identify missing product identification codes.

B.

Review store identification code and identify missing product identification codes.

C.

Compare product identification codes for consecutive periods.

D.

Compare product identification codes by store for consecutive periods.

Question # 89

Which of the following does not provide operational assurance that a computer system is operating properly?

A.

Performing a system audit.

B.

Making system changes.

C.

Testing policy compliance.

D.

Conducting system monitoring.

Question # 90

Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?

A.

In a regressive personal tax system, an individual ' s marginal tax rate is normally greater than his average tax rate.

B.

In a regressive personal tax system, an individual ' s marginal tax rate is normally equal to his average tax rate.

C.

In a progressive personal tax system, an individual ' s marginal tax rate is normally equal to his average tax rate.

D.

In a progressive personal tax system, an individual ' s marginal tax rate is normally greater than his average tax rate.

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