IIA-CIA-Part3 Revolutionary Guide To Exam IIA Dumps [Q20-Q35]

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IIA-CIA-Part3 Revolutionary Guide To Exam IIA Dumps

IIA-CIA-Part3 Free Study Guide! with New Update 344 Exam Questions

To be eligible to take the IIA-CIA-Part3 Certification Exam, candidates must have completed the IIA-CIA-Part1 and IIA-CIA-Part2 exams, and have at least 24 months of internal auditing experience. IIA-CIA-Part3 exam is administered by the Institute of Internal Auditors (IIA) and is available in multiple languages. The IIA also offers a range of study materials, including textbooks, practice exams, and online courses, to help candidates prepare for the exam. With the IIA-CIA-Part3 Certification Exam, internal auditors can demonstrate their expertise in business knowledge and gain a competitive edge in their careers.

QUESTION 20
According to Herzberg’s Two-Factor Theory of Motivation, which of the following factors are mentioned most often by satisfied employees?

Salary and status.

Responsibility and advancement.

Work conditions and security.

Peer relationships and personal life.

QUESTION 21
Which of the following physical access control is most likely to be based on ”something you have” concept?

A retina characteristics reader

A P3M code reader

A card-key scanner

A fingerprint scanner

QUESTION 22
If the average age of inventory is 60 days, the average age of the accounts payable is 30 days, and the average age of accounts receivable is 45 days, the number of days in the cash flow cycle is:

135 days.

90 days.

75 days.

105 days.

QUESTION 23
Which of the following are appropriate functions for an IT steering committee?
1. Assess the technical adequacy of standards for systems design and programming.
2. Continually monitor of the adequacy and accuracy of software and hardware in use.
3. Assess the effects of new technology on the organization`s IT operations.
4. Provide broad oversight of implementation, training, and operation of new systems.

1, 2, and 3

1, 2, and 4

1, 3, and 4

2, 3, and 4

QUESTION 24
Using the cost-recovery method of revenue, profit on an installment sale is recognized:

On the date of the installment sale.

In proportion to the cash collections.

After cash collections equal to the cost of goods sold have been received.

On the date the final cash collection is received.

QUESTION 25
According to I1A guidance on IT. which of the following activities regarding information security Is most likely to be the responsibility of line management as opposed to executive management, internal auditors, or the board?

Review and monitor security controls.

Dedicate sufficient security resources.

Provide oversight to the security function.

Assess information control environments.

QUESTION 26
When comparing absorption costing with variable costing, which of the following statements is not true?

Absorption costing enables managers to increase operating profits in the short run by increasing inventories.

When sales volume is more than production volume. variable costing will result in higher operating profit

A manager who is evaluated based on variable costing operating profit would be tempted to increase production at the end of a period in order to get a more favorable review.

Under absorption costing. operating profit is a function of both sales volume and production volume.

QUESTION 27
Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization’s physical assets?

Observation.

Inspection.

Original cost.

Vouching.

QUESTION 28
An internal auditor is assigned to perform data analytics. Which of the following is the next step the auditor should undertake after she has ascertained the value expected from the review?

Normalize the data

Obtain the data

identify the risks

Analyze the data

QUESTION 29
In calculating diluted earnings per share when an entity has convertible bonds outstanding, the weighted- average number of ordinary shares outstanding must be <List Ax to adjust for the conversion feature of the bonds, and the profit attributable to ordinary shareholders must be <List Be by the amount of interest expense on the bonds, net of tax.List A List B

Increased Increased

Increased Decreased

Decreased Increased

Decreased Decreased

QUESTION 30
Copper Co will report year-end total assets of:

US $800,000

US $890,000

US $950,000

US $1,010,000

QUESTION 31
Which of the following is an example of a contingent liability?

A retail store in a shopping mall pays the lesser a minimum monthly rent plus an agreed-upon percentage of sales

A company is refusing to pay the invoice for the annual audit because it seems higher than the amount agreed upon with the public accounting entity’s partner

A company accrues income tax payable in its interim financial statements

A lessee agrees to reimburse a lesser for a shortfall in the residual value of an asset under lease

QUESTION 32
A multinational organization allows its employees to access work email via personal smart devices. However, users are required to consent to the installation of mobile device management (MDM) software that will remotely wipe data in case of theft or other incidents. Which of the following should the organization ensure in exchange for the employees’ consent?

That those employees who do not consent to MDM software cannot have an email account.

That personal data on the device cannot be accessed and deleted by system administrators.

That monitoring of employees’ online activities is conducted in a covert way to avoid upsetting them.

That employee consent includes appropriate waivers regarding potential breaches to their privacy.

QUESTION 33
The total exports of Vietnam are US $20,000,000 worth of rice to Greece, and the total exports of Greece are US $18, 11,111100 worth of olives to Vietnam. The terms of trade are:

Option A

Option B

Option C

Option D

QUESTION 34
While reviewing the contracts for a large city, the internal auditor learns that the organization contracted to perform trash collection is paid based on the number of bins emptied each week As a result, the city has minimal control over payments Which of the following actions should the auditor recommend to give the city greater control over payments?

Change the contract so payment is based on the distances traveled by the contractor during collection.

Renegotiate a lump-sum contract when the contract is up for renewal

Assign a city employee to verify the number of bins emptied each day

Require that the contractor provide supervisory review of the number of bins emptied each day

QUESTION 35
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:

There is an external market for that service.

The selling department operates at 50 percent of its capacity.

The purchasing department has more negotiating power than the selling department.

There is no external market for that service.