Pass Your Exam With 100% Verified IIA-CIA-Part3-3P Exam Questions [Q36-Q57]

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Pass Your Exam With 100% Verified IIA-CIA-Part3-3P Exam Questions

IIA-CIA-Part3-3P Dumps PDF – IIA-CIA-Part3-3P Real Exam Questions Answers

IIA IIA-CIA-Part3-3P Exam Syllabus Topics:

Topic	Details
Topic 1	Differentiate the various forms of user authentication and authorization controls Identify concepts and underlying principles of financial accounting
Topic 2	Explain general concepts of managerial accounting Explain organizational behavior (individuals in organizations, groups, and how organizations behave, etc.)
Topic 3	Explain disaster recovery planning site concepts Recognize the purpose and applications of IT control frameworks
Topic 4	Differentiate costing systems (absorption, variable, fixed, activity-based, standard, etc.) Examine common performance measures
Topic 5	?Recognize advanced and emerging financial accounting concepts Describe revenue cycle, current asset management activities and accounting, and supply chain management
Topic 6	Recognize the various forms and elements of contracts Describe the strategic planning process and key activities
Topic 7	Explain basic IT infrastructure and network concepts Identify project management techniques

NEW QUESTION 36
During disaster recovery planning, the organization established a recovery point objective. Which of the following best describes this concept?

The minimum recovery resources needed after the occurrence of an incident.

The maximum tolerable data loss after the occurrence of an incident.

The maximum tolerable risk related to the occurrence of an incident.

The maximum tolerable downtime after the occurrence of an incident.

Reference:
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NEW QUESTION 37
When examining an organization’s strategic plan, an internal auditor should expect to find which of the following components?

Analysis of the competitive environment.

Plan for the procurement of resources.

Identification of achievable goals and timelines.

Plan for progress reporting and oversight.

NEW QUESTION 38
At what point during the systems development process should an internal auditor verify that the new application’s connectivity to the organization’s other systems has been established correctly?

Prior to testing the new application.

During testing of the new application.

During implementation of the new application.

During maintenance of the new application.

NEW QUESTION 39
An internal auditor observed that the organization’s disaster recovery solution will make use of a code site in a town several miles away Which of the following is likely to be a characteristic of this disaster recovery solution?

Data is synchronized in real lime

Recovery time is expected to be less than one week

Servers are not available and need to be procured

Recovery resources and data restore processes have not been defined

NEW QUESTION 40
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.

NEW QUESTION 41
Which of the following options correctly defines a transmission control protocol/Internet protocol (TCP/IP)?

System software that acts as an interface between a user and a computer.

A standardized set of guidelines that facilitates communication between computers on different networks.

System software that translates hypertext markup language to allow users to view a remote webpage.

A network of servers used to control a variety of mission-critical operations.

NEW QUESTION 42
Multinational organizations generally spend more time and effort to identify and evaluate:

Internal strengths and weaknesses.

Break-even points.

External trends and events.

Internal risk factors.

NEW QUESTION 43
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:

Access to read application logs is restricted to authorized users.

Account balance information is encrypted in the database.

The web server used to host the application is located in a physically secure area.

Sensitive data, such as account numbers, are submitted using encrypted communications.

NEW QUESTION 44
An organization has a complex systems infrastructure consisting of multiple internally developed, off the shelf, and purchased but significantly customized applications. Some of these applications share databases or process data that is used by another stand-alone application, and interfaces have been written to move data between these applications as needed through batch processing Which of the following situations presents the greatest risk exposure given this environment?

The job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.

The implementation of a major update for a key application is delayed until any potential

Documentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.

Batch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.

interdependencies are identified and analyzed.

NEW QUESTION 45
Which of the following is a likely result of outsourcing?

Decreased focus on costs.

Increased importance of market strategy.

Increased dependence on suppliers.

Decreased sensitivity to government regulation.

NEW QUESTION 46
An organization accumulated the following data for the prior fiscal year:
Value of Percentage of
Quarter
Output Produced
Cost X
1
$4,750,000
2.9
2
$4,700,000
3.0
3
$4,350,000
3.2
4
$4,000,000
3.5
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?

Cost X is a variable cost.

Cost X is a fixed cost.

Cost X is a semi-fixed cost.

Cost X and the value of Output Produced are unrelated.

NEW QUESTION 47
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?

Key processes across the entity which impact quality must be identified and included.

The quality management system must be documented in the articles of incorporation, quality manual, procedures, work instructions, and records.

Management must review the quality policy, analyze data about quality management system performance, and assess opportunities for improvement and the need for change.

The entity must have processes for inspections, testing, measurement, analysis, and improvement.

NEW QUESTION 48
If legal or regulatory standards prohibit conformance with certain parts of The IIA’s Standards, the auditor should do which of the following?

Conform with all other parts of The IIA’s Standards and provide appropriate disclosures.

Conform with all other parts of The IIA’s Standards; there is no need to provide appropriate disclosures.

Continue the engagement without conforming with the other parts of The IIA’s Standards.

Withdraw from the engagement.

NEW QUESTION 49
Which of me following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?

First-in first-out method (FIFO)

Last-in first-out method (LIFO)

Specific identification method

Average-cost method

NEW QUESTION 50
Which of the following statements is true regarding outsourced business processes?

Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.

Generally, independence is improved when the internal audit activity reviews outsourced business processes.

The key controls of outsourced business processes typically are more difficult to audit because they are designed and managed externally.

The system of internal controls may be better and more efficient when the business process is outsourced compared to internally sourced.

NEW QUESTION 51
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.

NEW QUESTION 52
Which of the following principles is shared by both hierarchical and open organizational structures?
1) A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions
2) A supervisor’s span of control should not exceed seven subordinates
3) Responsibility should be accompanied by adequate authority
4) Employees at all levels should be empowered to make decisions.

1 and 3 only.

1 and 4 only.

2 and 3 only

3 and 4 only.

NEW QUESTION 53
Which of the following statements is true regarding an organization’s servers?

Servers optimize data processing by sharing it with other computers on the information system

Servers manage the interconnectivity of system hardware devices in the information system.

Servers manage the data stored in databases residing on the information system.

Servers enforce access controls between networks transmitting data on the information system

NEW QUESTION 54
The economic order quantity can be calculated using the following formula:
Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?

Decrease by about 17 percent.

Decrease by about 7 percent.

Increase by about 7 percent.

Increase by about 17 percent.

NEW QUESTION 55
International marketing activities often begin with:

Standardization.

Global marketing.

Limited exporting.

Domestic marketing.

NEW QUESTION 56
According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization’s social and environmental impact on the local community?
1) Determine whether previous incidents have been reported, managed, and resolved.
2) Determine whether a business contingency plan exists.
3) Determine the extent of transparency in reporting.
4) Determine whether a cost/benefit analysis was performed for all related projects.

1 and 3.

1 and 4.

2 and 3.

2 and 4.

NEW QUESTION 57
The following transactions and events occurred during the year:
– $300,000 of raw materials were purchased, of which $20,000 were returned because of defects
– $600,000 of direct labor costs were incurred.
– S750.000 of manufacturing overhead costs were incurred.
What is the organization’s cost of goods sold for the year?

$1.480.000

$1 500 000

$1,610.000

$1650 000

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