Most Recent IIA-CIA-Part3 Exam Questions & Answers

Prepare for the IIA Certified Internal Auditor-Internal Audit Knowledge Elements 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 exam and achieve success.

The questions for IIA-CIA-Part3 were last updated on Nov 19, 2024.

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Question No. 1

Which of the following statements is true concerning the basic accounting treatment of a partnership?

AThe initial investment of each partner should be recorded at book value.

BThe ownership ratio identifies the basis for dividing net income and net toss.

CA partner's capital only changes due to net income or net loss.

DThe basis for sharing net incomes or net kisses must be fixed.

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Correct Answer: A

Question No. 2

According to UA guidance on IT, at which of the following stages of the project life cycle would the project manager most likely address the need to coordinate project resources?

AInitiation.

BPlanning.

CExecution.

DMonitoring.

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Correct Answer: B

Question No. 3

While conducting an audit of the accounts payable department, an internal auditor found that 3% of payments made during the period under review did not agree with the submitted invoices. Which of the following key performance indicators (KPIs) for the department would best assist the auditor in determining the significance of the test results?

AA KPI that defines the process owner's tolerance for performance deviations.

BA KPI that defines the importance of performance levels and disbursement statistics being measured.

CA KPI that defines timeliness with regard to reporting disbursement data errors to authorized personnel.

DA KPI that defines operating ratio objectives of the disbursement process.

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Correct Answer: A

Question No. 4

Which of the following would be the best method to collect information about employees' job satisfaction?

AOnline surveys sent randomly to employees.

BDirect onsite observations of employees.

CTown hall meetings with employees.

DFace-to-face interviews with employees.

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Correct Answer: D

Question No. 5

An organization suffered significant damage to its local: file and application servers as a result of a hurricane. Fortunately, the organization was able to recover all information backed up by its overseas third-party contractor. Which of the following approaches has been used by the organization?

AApplication management

BData center management

CManaged security services

DSystems integration

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Correct Answer: C

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