Excellent IIA-CIA-Part3-3P Updated 2025 Dumps With 100% Exam Passing Guarantee [Q209-Q226]

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Excellent IIA-CIA-Part3-3P Updated 2025 Dumps With 100% Exam Passing Guarantee

Best way to practice test for IIA IIA-CIA-Part3-3P

Obtaining the IIA-CIA-Part3-3P certification demonstrates a candidate’s expertise in business knowledge for internal auditing and can enhance their career prospects in the field. CIA Exam Part Three: Business Knowledge for Internal Auditing certification is recognized globally and is highly valued by employers. Additionally, maintaining the certification requires ongoing professional development, which ensures that certified individuals stay up-to-date with the latest trends and best practices in the field of internal auditing.

NO.209 Which of me following is true of matrix organizations?

A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager

A combination of product and functional departments allows management lo utilize personnel from various functions

Authority responsibility and accountability of the units involved may vary based on the project’s life, or the organization’s culture

It is best suited for firms with scattered locations or for multi-lira. large-scale firms

NO.210 Which of me Wowing summarizes information about the cash receipts and cash payments for a specific time period?

Income statement

Statement of cash flows.

Balance sheet

Owner’s equity statement

NO.211 An organization engages in questionable financial reporting practices due to pressure to meet unrealistic performance targets. Which internal control component is most negatively affected?

Monitoring.

Control activities.

Risk assessment.

Control environment.

NO.212 Which of the following is a cybersecurity monitoring activity intended to deter disruptive codes from being installed on an organization’s systems?

Boundary defense.

Penetration tests.

Malware defense.

Wireless access controls.

NO.213 A remote location contains a data center with hardware available to support critical production systems as required in the recovery plan IT personnel periodically test and update systems at the data center. This is an example of which of the following recovery solutions?

Cold recovery plan

Critical recovery plan

Warm recovery plan

Tested recovery plan

NO.214 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.

NO.215 In which of the following scenarios would transfer pricing be used?

Company A owns Company B; Company B sells goods to Company A.

Company A does not own Company B. Company A charges Company B a fee to sell Company B’s goods without taking ownership of the goods.

Company A owns both Company B and Company C; all three companies sell goods to the public.

Company A moves goods internally from one location to another.

NO.216 Which of the following application controls checks the integrity of data entered into a business application?

Input controls.

Output controls

Processing controls

Integrity controls

NO.217 Unsecured loans are loans:

That do not have to be repaid for over one year.

That appear to be too risky for most lenders to consider.

Granted on the basis of a company’s credit standing.

Backed by mortgaged assets.

NO.218 An organization is experiencing a high turnover. Which of the following can human resources deploy to effectively detect the root cause of turnover?

Require regular performance appraisals

Perform exit interviews

Encourage periodic rotation of employee duties.

Ensure mandatory vacations

NO.219 Which of the following costs would be incurred in an inventory stockout?

Lost sales, lost customers, and backorder.

Lost sales, safety stock, and backorder.

Lost customers, safety stock, and backorder.

Lost sales, lost customers, and safety stock.

NO.220 The audit committee of a global corporation has mandated a change in the organization’s business ethics policy. Which of the following approaches describes the best way to accomplish the policy’s diffusion worldwide?

Deploy the policy in the corporate headquarters’ language, so everyone gets an unfiltered version simultaneously.

Introduce the policy region by region, using any lessons learned to change the subsequent version of the policy for the next area.

Consult with legal and operational management in each affected country to ensure the final version can be implemented globally, following audit committee approval.

Send the board-approved version of the policy to each country’s senior leadership and empower them to tailor the policy to the local language and culture.

NO.221 Which of the following are the most appropriate measures for evaluating the change in an organization’s liquidity position?

Times interest earned, return on assets, and inventory turnover.

Accounts receivable turnover, inventory turnover in days, and the current ratio.

Accounts receivable turnover, return on assets, and the current ratio.

Inventory turnover in days, the current ratio, and return on equity.

NO.222 All of the following are true with regard to the first-in, first-out inventory valuation method except:

It values inventory close to current replacement cost.

It generates the highest profit when prices are rising.

It approximates the physical flow of goods.

It minimizes current-period income taxes.

NO.223 Senior management is trying to decide whether to use the direct write-off or allowance method for recording bad debt on accounts receivables.
Which of the following would be the best argument for using the direct write-off method?

It is useful when losses are considered insignificant.

It states receivables at net realizable value on the balance sheet.

It provides a better alignment with revenue.

It is the preferred method according to The IIA.

NO.224 In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

Identifying the processes at the activity level.

Analyzing the organization’s strategic plan where the business processes are defined.

Analyzing the organization’s objectives and identifying the processes needed to achieve the objectives.

Identifying the risks affecting the organization, the objectives, and then the processes concerned.

NO.225 When using data analytics during a review of the procurement process, what is the first step in the analysis process?

Identify data anomalies and outliers

Define questions to be answered

Identify data sources available

Determine the scope of the data extract.

NO.226 According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:

Recognize that organizations use different techniques for managing risk.

Seek assurance that the key objectives of the risk management processes are being met.

Determine and accept the level of risk for the organization.

Treat the evaluation of risk management processes differently from the risk analysis used to plan audit engagements.

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IIA-CIA-Part3-3P exam is a computer-based test and consists of 100 multiple-choice questions. Candidates have 2.5 hours to complete the exam, and the passing score is 600 out of 800. IIA-CIA-Part3-3P exam is available in several languages, including English, Spanish, French, Russian, and Chinese, among others.

CIA Exam Part Three: Business Knowledge for Internal Auditing Certification Sample Questions and Practice Exam: https://www.dumpstests.com/IIA-CIA-Part3-3P-latest-test-dumps.html

Excellent IIA-CIA-Part3-3P Updated 2025 Dumps With 100% Exam Passing Guarantee [Q209-Q226]

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