Most Recent IIA-CIA-Part3-3P Exam Questions & Answers

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 Nov 17, 2024.

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Question No. 1

Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?

AConsult on project design and implementation of the CSR program.

BServe as an advisor on internal controls related to CSR.

CIdentify and prioritize the CSR issues that are important to the organization.

DEvaluate the effectiveness of the organization's CSR efforts.

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Correct Answer: C

Question No. 2

When using data analytics during a review of the procurement process what is the first step in the analysis process?

AIdentity data anomalies and outliers

BDefine questions to be answered

Cidentify data sources available

DDetermine the scope of the data extract

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Correct Answer: C

Question No. 3

An employee's mobile device used for work was stolen in a home burglary.

Which control, if already implemented by the organization, would best prevent unauthorized access to organizational data stored on the employee's device?

AAccess control via biometric authentication.

BAccess control via passcode authentication.

CAccess control via swipe pattern authentication.

DAccess control via security question authentication.

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Correct Answer: A

Question No. 4

Which of the following should be established by management during implementation of big data systems to enable ongoing production monitoring?

AKey performance indicators

BReports of software customization

CChange and patch management

DMaster data management

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Correct Answer: A

Question No. 5

During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of $1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?

A$170,000

B$280,000

C$300,000

D$540,000

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Correct Answer: A

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