Most Recent IIA-CIA-Part3-3P Exam Dumps

Prepare for the IIA CIA Exam Part Three: Business Knowledge for Internal Auditing exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-CIA-Part3-3P exam and achieve success.

The questions for IIA-CIA-Part3-3P were last updated on Feb 20, 2025.

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Question No. 1

Which of the following is a characteristic of big data?

ABig data is often structured.

BBig data analytic results often need to be visualized.

CBig data is often generated slowly and is highly variable.

DBig data comes from internal sources kept in data warehouses.

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Correct Answer: C

Question No. 2

According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?

AKey processes across the entity which impact quality must be identified and included.

BThe quality management system must be documented in the articles of incorporation, quality manual,
procedures, work instructions, and records.

CManagement must review the quality policy, analyze data about quality management system
performance, and assess opportunities for improvement and the need for change.

DThe entity must have processes for inspections, testing, measurement, analysis, and improvement.

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Correct Answer: B

Question No. 3

Which stage of group development is characterized by a decrease in conflict and hostility among group members and an increase in cohesiveness?

AForming stage.

BNorming stage.

CPerforming stage.

DStorming stage.

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Correct Answer: B

Question No. 4

Which of the following should be included m a company's year-end inventory valuation?

ACompany goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer

BGoods purchased by the company free on board destination mat have not yet been received

CGoods on consignment, which the company is trying to sell for its customers

DCompany goods tor sale on consignment at a consignment shop

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Correct Answer: A

Question No. 5

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?

ADiversification

BVertical integration

CRisk avoidance

DDifferentiation

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Correct Answer: B

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