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 Mar 31, 2025.

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Question No. 1

Which of the following is a key component of an organization's cybersecurity governance?

AAdministrators monitoring the use, assignment and configuration of privileges on the network.

BThe IT department establishing implementing, and actively managing security configurations.

CManagement identifying and classifying the types of critical data in the organization's system

DSenior management of the organization setting the cybersecurity policy

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Correct Answer: D

Question No. 2

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

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

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

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

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

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Correct Answer: D

Question No. 3

An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?

AException report identifying payment anomalies.

BDocumented policy and procedures.

CPeriodic account reconciliation of contractor charges.

DMonthly management review of all contractor activity.

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Correct Answer: B

Question No. 4

Which of the following security controls would provide the most efficient and effective authentication for customers to access their online shopping account?

A12-digit password feature.

BSecurity question feature.

CVoice recognition feature.

DTwo-level sign-on feature.

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Correct Answer: A

Question No. 5

Which of following best demonstrates the application of the cost principle?

AA company reports trading and investment securities at their market cost.

BA building purchased last year for $1 million is currently worth $1.2 million, but the company still reports the building at $1 million.

CA building purchased last year for $1 million is currently worth $1.2 million, and the company adjusts the records to reflect the current value.

DA company reports assets at either historical or fair value, depending which is closer to market value.

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Correct Answer: D

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