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The Certified Internal Auditor (CIA) Exam is a globally recognized certification program that measures the knowledge, skills, and competencies required of internal auditors. The IIA-CIA-Part3-3P Exam is one of the three exams that candidates must pass to earn their CIA certification. IIA-CIA-Part3-3P exam, also known as the Business Knowledge for Internal Auditing exam, covers the fundamental principles of business management, including financial management, corporate governance, risk management, and information technology.
IIA-CIA-Part3-3P exam consists of 100 multiple-choice questions that applicants must answer within a three-hour time limit. IIA-CIA-Part3-3P exam focuses on three key areas: governance and business ethics, risk management, and organizational structure and business processes. Applicants who pass the exam demonstrate their knowledge of these critical areas, as well as their ability to apply this knowledge in real-world situations. Passing the IIA-CIA-Part3-3P exam is a significant achievement and a testament to an individual's commitment to professional development in the field of internal auditing.
NEW QUESTION # 267
Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?
- A. Political.
- B. Financial.
- C. Tariff.
- D. Social.
Answer: A
NEW QUESTION # 268
An internal audit activity is piloting a data analytics model, which aims to identify anomalies in payments to vendors and potential fraud indicators Which of the following would be the most appropriate criteria for assessing the success of the piloted model?
- A. The number of criminal investigations initiated based on the outcomes of the model
- B. The percentage of cases flagged by the model and confirmed as positives.
- C. The development and maintenance costs associated with the model
- D. The feedback of auditors involved with developing the model
Answer: C
NEW QUESTION # 269
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?
- A. Access control via biometric authentication.
- B. Access control via security question authentication.
- C. Access control via swipe pattern authentication.
- D. Access control via passcode authentication.
Answer: A
NEW QUESTION # 270
Which of the following application controls can be defined as controls that monitor data Being processed and in storage to ensure it remains consistent and correct?
- A. Input controls
- B. Output controls
- C. Integrity controls
- D. Processing controls
Answer: C
NEW QUESTION # 271
According to IIA guidance on IT which of the following best describes a but recovery and restore processes have not been defined?
- A. Warm recovery plan
- B. Hot recovery plan
- C. Cold recovery plan.
- D. Absence of recovery plan
Answer: D
NEW QUESTION # 272
Which of the following controls is designed to mitigate a physical IT risk?
- A. Access control restrictions in a system.
- B. Anti-malware protection software.
- C. An automated fire prevention system.
- D. A network isolating firewall system.
Answer: A
NEW QUESTION # 273
Which of the following practices impacts copyright issues related to the manufacturer of a smart device?
- A. Session hijacking.
- B. Eavesdropping.
- C. Jailbreaking.
- D. Authentication.
Answer: C
NEW QUESTION # 274
New data privacy laws require an organization to use collected customer information for me sole purpose of meeting the organization's business requirements. Which of the following best addresses the risk of the organization not complying with this objective?
- A. Provide training on social engineering attacks
- B. Allocate access profiles for each end user of the information
- C. Encrypt the customer information retained by the organization
- D. Establish policies that discipline those who misuse customer information
Answer: C
NEW QUESTION # 275
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls.
Which of the following audit procedures would not provide assurance to the auditor on this matter?
- A. Reading the board's minutes.
- B. Interviewing the organization's employees.
- C. Observing the organization's operations.
- D. Inspecting manuals and documents.
Answer: A
NEW QUESTION # 276
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. $540,000
- B. $170,000
- C. $300,000
- D. $280,000
Answer: B
NEW QUESTION # 277
Which of the following data security policies is most likely to be the result of a data privacy law?
- A. Updates to systems containing sensitive data must be approved before being moved to production.
- B. Access to personally identifiable information is limited to those who need it to perform their job.
- C. A record of employees with access to insider information must be maintained and those employees may not trade company stock during blackout periods
- D. Confidential data must be backed up and recoverable within a 24-hour period.
Answer: B
NEW QUESTION # 278
When using cost-volume-profit analysts which of the following will increase operating income once the break-even point has been reached?
- A. Gross margin per unit for each additional unit sold
- B. Contribution margin per unit for each additional unit sold
- C. Fixed costs per unit for each additional unit sold
- D. Variable costs per unit for each additional unit sold
Answer: B
NEW QUESTION # 279
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. A source code review
- B. An access control review
- C. An application control review
- D. A design review
Answer: D
NEW QUESTION # 280
A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25,000 shirts. Actual sales total $300,000.
What is margin of safety sales for the company?
- A. $200,000
- B. $275,000
- C. $100,000
- D. $500,000
Answer: A
NEW QUESTION # 281
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?
- A. Identify and prioritize the CSR issues that are important to the organization.
- B. Consult on project design and implementation of the CSR program.
- C. Evaluate the effectiveness of the organization's CSR efforts.
- D. Serve as an advisor on internal controls related to CSR.
Answer: A
NEW QUESTION # 282
Which of the following statements is true regarding the "management-by-objectives" method?
- A. Management by objectives is most helpful in mechanistic organizations with rigidly defined tasks.
- B. Management by objectives helps organizations to distinguish clearly strategic goals from operational goals
- C. Management by objectives is most helpful in organizations that nave rapid changes.
- D. Management by objectives helps organizations to keep employees motivated.
Answer: D
NEW QUESTION # 283
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