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 Jan 20, 2025.

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Question No. 1

Which of the following is true of matrix organizations?

AA unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager.

BA combination of product and functional departments allows management to utilize personnel from various Junctions.

CAuthority, responsibility and accountability of the units Involved may vary based on the project's life, or the organization's culture

DIt is best suited for firms with scattered locations or for multi-line, Large-scale firms.

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Correct Answer: B

Question No. 2

Which of the following is a sound network configuration practice to enhance information security?

AChange management practices to ensure operating system patch documentation is retained.

BUser role requirements are documented in accordance with appropriate application-level control needs.

CValidation of intrusion prevention controls is performed to ensure intended functionality and data integrity.

DInterfaces reinforce segregation of duties between operations administration and database development.

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Correct Answer: C

Question No. 3

Which of the following best explains why an organization would enter into a capital lease contract?

ATo increase the ability to borrow additional funds from creditors

BTo reduce the organization's free cash flow from operations

CTo Improve the organization's free cash flow from operations

DTo acquire the asset at the end of the lease period at a price lower than the fair market value

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Correct Answer: C

Question No. 4

Which of the following is the most appropriate way lo record each partner's initial Investment in a partnership?

AAt the value agreed upon by the partners.

BAt book value.

CAt fair value

DAt the original cost.

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Correct Answer: D

Question No. 5

A bond that matures after one year has a face value of S250,000 and a coupon of $30,000. if the market price of the bond is 5265,000, which of the following would be the market interest rate?

ALess than 12 percent.

B12 percent.

CBetween 12.01 percent and 12.50 percent.

DMore than 12 50 percent.

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Correct Answer: A

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