PDF (New 2025) Actual IIA IIA-CIA-Part3-3P Exam Questions
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Passing the CIA Exam Part Three: Business Knowledge for Internal Auditing is essential for anyone who wants to become a Certified Internal Auditor. IIA-CIA-Part3-3P exam is designed to ensure that candidates have a deep understanding of the business environment and can apply that knowledge to the internal audit function. IIA-CIA-Part3-3P exam measures the candidate's ability to identify and assess business risks and develop effective strategies to mitigate those risks.
NEW QUESTION # 283
An organization uses a database management system (DBMS) as a repository for data. The DBMS, in turn, supports a number of end-user developed applications which were created using fourth-generation programming languages. Some of the applications update the database. Which of the following is the most important control related to the integrity of the data in the database?
- A. A hierarchical database model is adopted so that multiple users can be served at the same time.
- B. Concurrency update controls are in place.
- C. End users have their read-only applications approved by the information systems department before accessing the database.
- D. End-user applications are developed on personal computers before being implemented on the mainframe.
Answer: B
NEW QUESTION # 284
Organizational activities that complement each other and create a competitive advantage are called a:
- A. Joint venture.
- B. Strategic fit.
- C. Merger.
- D. Strategic goal.
Answer: B
NEW QUESTION # 285
Which of the following devices best controls both physical and logical access to information systems?
- A. Biometric lock.
- B. Identification card.
- C. Plenum.
- D. Electromechanical lock.
Answer: A
NEW QUESTION # 286
An organization is developing a new online collaboration tool for employees. The tool includes a homepage that is customized to each employee according to his department and job function Which of the following engagements should be conducted to ensure that the organization has included all departments and job functions in the system before it is implemented?
- A. An application control review
- B. A design review
- C. An access control review
- D. A source code review
Answer: B
NEW QUESTION # 287
Which of the following is true regarding an organization's relationship with external stakeholders?
- A. Specific guidance must be followed when interacting with nongovernmental organizations.
- B. Disclosure laws tend to be consistent from one jurisdiction to another.
- C. There are several internationally recognized standards for dealing with financial donors.
- D. Legal representation should be consulted before releasing internal audit information to other assurance
Answer: D
NEW QUESTION # 288
A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?
- A. Full cost plus a markup.
- B. Full cost
- C. Market price of the product
- D. Variable cost plus a markup
Answer: C
NEW QUESTION # 289
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
- A. Established procedures to prevent and detect unauthorized changes to data files.
- B. Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
- C. Documented procedures for remote job entry and for local data file retention.
- D. Adequate segregation of duties between data processing controls and file security controls.
Answer: C
NEW QUESTION # 290
A capital investment project will have a higher net present value, everything else being equal, if it has:
- A. Cash inflows that are larger in the later years of the life of the project.
- B. A higher initial investment level.
- C. Cash inflows that are larger in the earlier years of the life of the project.
- D. A higher discount rate.
Answer: C
NEW QUESTION # 291
Which of the following risks is best addressed by encryption?
- A. Access risk
- B. Information integrity risk.
- C. Privacy risk
- D. Software risk
Answer: C
NEW QUESTION # 292
Which of the following local area network physical layouts is subject to the greatest risk of failure if one device fails?
- A. Token ring network.
- B. Bus network.
- C. Mesh network.
- D. Star network.
Answer: A
NEW QUESTION # 293
Which of the following should be included m a company's year-end inventory valuation?
- A. Goods purchased by the company free on board destination mat have not yet been received
- B. Goods on consignment, which the company is trying to sell for its customers
- C. Company goods tor sale on consignment at a consignment shop
- D. Company goods that were sold during the year free on board shipping point that have been shipped but not yet received by the customer
Answer: D
NEW QUESTION # 294
Which of the following best describes the concept of relevant cost?
- A. A future cost that is the same among alternatives.
- B. A past cost that differs among alternatives.
- C. A future cost that differs among alternatives.
- D. A past cost that is the same among alternatives.
Answer: C
NEW QUESTION # 295
The economic order quantity can be calculated using the following formula:
Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?
- A. Decrease by about 17 percent.
- B. Increase by about 7 percent.
- C. Increase by about 17 percent.
- D. Decrease by about 7 percent.
Answer: C
NEW QUESTION # 296
Which of the following assumptions regarding cost-volume-profit analysis is true?
- A. Only variable costs have to be classified accurately.
- B. Costs are affected by changes in activity only.
- C. The behavior of costs and revenues is inverse.
- D. When more than one type of product is sold, the sales mix changes.
Answer: B
NEW QUESTION # 297
Which of the following statements is true regarding user-developed applications (UDAs)?
- A. UDAs are less flexible and more difficult to configure than traditional IT applications.
- B. Updating UDAs may lead to various errors resulting from changes or corrections.
- C. UDAs typically are subjected to application development and change management controls.
- D. Using UDAs typically enhances the organization's ability to comply with regulatory factors.
Answer: B
NEW QUESTION # 298
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