IIA CIA Exam Part Three: Business Knowledge for Internal Auditing - IIA-CIA-Part3-3P Exam Questions
QUESTION NO: 1
Which of the following are the most common characteristics of big data?
Which of the following are the most common characteristics of big data?
Correct Answer: C
QUESTION NO: 2
The greatest advantage of functional departmentalization is that it:
The greatest advantage of functional departmentalization is that it:
Correct Answer: A
QUESTION NO: 3
While auditing an organization's customer call center, an internal auditor notices that key performance indicators show a positive trend, despite the fact that there have been increasing customer complaints over the same period.
Which of the following audit recommendations would most likely correct the cause of this inconsistency?
While auditing an organization's customer call center, an internal auditor notices that key performance indicators show a positive trend, despite the fact that there have been increasing customer complaints over the same period.
Which of the following audit recommendations would most likely correct the cause of this inconsistency?
Correct Answer: B
QUESTION NO: 4
Which of the following best describes a detective control designed to protect an organization from cyberthreats and attacks?
Which of the following best describes a detective control designed to protect an organization from cyberthreats and attacks?
Correct Answer: B
QUESTION NO: 5
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?
Correct Answer: B
QUESTION NO: 6
Which of the following IT-related activities is most commonly performed by the second line of defense?
Which of the following IT-related activities is most commonly performed by the second line of defense?
Correct Answer: C
QUESTION NO: 7
Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization's cybersecurity policies?
Which of the following actions would senior management need to consider as pan of new IT guidelines regarding the organization's cybersecurity policies?
Correct Answer: A
QUESTION NO: 8
What must be monitored in order to manage risk of consumer product inventory obsolescence?
1) Inventory balances.
2) Market share forecasts.
3) Sales returns.
4) Sales trends.
What must be monitored in order to manage risk of consumer product inventory obsolescence?
1) Inventory balances.
2) Market share forecasts.
3) Sales returns.
4) Sales trends.
Correct Answer: C
QUESTION NO: 9
In an organization's established accounts payable department employees perform highly structured activities follow clearly defined procedures and have strict deadlines for performing their tasks The head of the department recently retired, and a new department head was hired To achieve the greatest benefit for this department and avoid redundancy the new leader should adopt which of the following leadership styles?
In an organization's established accounts payable department employees perform highly structured activities follow clearly defined procedures and have strict deadlines for performing their tasks The head of the department recently retired, and a new department head was hired To achieve the greatest benefit for this department and avoid redundancy the new leader should adopt which of the following leadership styles?
Correct Answer: B
QUESTION NO: 10
Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?
Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?
Correct Answer: A
