Get IIA IIA-CIA-Part3-3P Dumps Questions Study Exam Guide Jul 10, 2023 [Q103-Q121]

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Get IIA IIA-CIA-Part3-3P Dumps Questions Study Exam Guide Jul 10, 2023 [Q103-Q121]

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Get IIA IIA-CIA-Part3-3P Dumps Questions Study Exam Guide Jul 10, 2023

IIA-CIA-Part3-3P Premium Exam Engine – Download Free PDF Questions

IIA-CIA-Part3-3P exam is recognized globally as a standard for internal auditing professionals. Passing IIA-CIA-Part3-3P exam demonstrates that the candidate possesses the knowledge and skills required to perform their duties as an internal auditor effectively. Candidates who pass the exam are awarded the Certified Internal Auditor (CIA) designation, which is widely recognized and respected by employers and professionals in the auditing industry.

QUESTION 103
The main reason to establish internal controls in an organization is to:

Encourage compliance with policies and procedures.

Safeguard the resources of the organization.

Ensure the accuracy, reliability, and timeliness of information.

Provide reasonable assurance on the achievement of objectives.

QUESTION 104
Which of the following factors is most likely to lead to a lack of cohesiveness in a project team?

Prestige

Small size.

Competition

Common threat

QUESTION 105
A company’s financial balance sheet is presented below:
The company has net working capital of:

$160

$210

$350

$490

QUESTION 106
Which of the following situations best applies to an organization that uses a project rather man a process to accomplish its business activities?

A clothing company designs makes and sells a new item.

A commercial constructor company is hired to build a warehouse.

A city department sets up a new firefighter training program.

A manufacturing organization acquires component parts from a contracted vendor

QUESTION 107
According to the Standards, which of the following is based on the assertion that the quality of an organization’s risk management process should improve with time?

Process element.

Key principles.

Maturity model.

Assurance.

QUESTION 108
Which of the following is an example of a smart device security control intended to prevent unauthorized users from gaining access to a device’s data or applications?

Anti-malware software.

Authentication.

Spyware.

Rooting.

QUESTION 109
Which of the following statements is true regarding a bring-your-own-device (BYOD) environment?

There is a greater need Kr organizations to rely on users to comply with policies and procedures.

With fewer devices owned by the organization, there is reduced need to maintain documented policies and procedures.

Incident response times are less critical in the BYOD environment. compared to a traditional environment

There is greater sharing of operational risk in a BYOD environment.

QUESTION 110
Which of me following responsibilities would ordinary fall under the help desk function of an organization?

Maintenance service items such as production support

Management of infrastructure services including network management

Physical hosting of mainframes and distributed servers

End-to-end security architecture design

QUESTION 111
In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?

A tougher collections policy that reduces the bad debt loss ratio.

A higher cost per unit sold.

A longer average collection period.

An increase in the cost of capital.

QUESTION 112
An internal auditor is reviewing results from software development integration testing. What is the purpose of integration testing?

To verify that the application meets staled user requirements.

To verify that standalone programs match code specifications.

To verify that me application would work appropriately for the intended number of users.

To verify that all software and hardware components work together as intended

QUESTION 113
Which of the following is the most likely reason an organization may decide to undertake a stock split?

To keep stock price constant.

To keep shareholders’ equity constant.

To increase shareholders’ equity.

To enhance the stock liquidity.

QUESTION 114
Which of the following techniques would be least effective in resolving the conflict created by an internal audit client’s perception of the audit report as a personal attack on his management performance?

The auditor should focus on the audit client as a person and understand him, rather than just concentrating on the problem.

The auditor should make recommendations based on objective criteria, rather than based on a subjective assessment.

The auditor should explore alternative solutions to address the audit problem, so the audit client has options.

The auditor should take a flexible position on the recommendations and focus on resolving the issue by addressing the interests of the people concerned.

QUESTION 115
Which of the following is classified as a product cost using the variable costing method?
1) Direct labor costs
2) Insurance on a factory.
3) Manufacturing supplies.
4) Packaging and shipping costs

1 and 2

1 and 3

2 and 4

3 and 4

QUESTION 116
A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?

Evaluate the proposed external auditor fee.

Recommend criteria to be used in the selection process.

Develop appropriate performance metrics.

Monitor the work of the external auditors.

QUESTION 117
Management has established a performance measurement focused on the accuracy of disbursements The disbursement statistics, provided daily to all accounts payable and audit staff, include details of payments stratified by amount and frequency Which of the following is likely to be the greatest concern regarding this performance measurement?

Articulation of the data.

Availability of the data

Measurability of the data

Relevance of the data

QUESTION 118
Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered:
Activity Level –
Maintenance Cost
Month
Patient Days
January
5,600
$7,900
February
7,100
$8,500
March
5,000
$7,400
April
6,500
$8,200
May
7,300
$9,100
June
8,000
$9,800
If the cost of maintenance is expressed in an equation, what is the independent variable for this data?

Fixed cost.

Variable cost.

Total maintenance cost.

Patient days.

QUESTION 119
An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Which of the following approaches is most appropriate to address this concern?

The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.

The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.

The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.

The organization should work with the service provider to review the current agreement and expectations relating to objectives, processes, and overall performance.

QUESTION 120
According to MA guidance on IT. which of the following best describes a logical access control?

Require complex passwords to be established and changed quarterly

Require swipe cards to control entry into secure data centers

Monitor access to the data center with closed circuit camera surveillance.

Maintain current role definitions to ensure appropriate segregation of duties

QUESTION 121
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?

Data center management.

Systems integration.

Application management.

Managed security services.

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