Most UptoDate IIA IIA-CIA-Part3 Exam Dumps PDF 2024 [Q134-Q150]

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Most UptoDate IIA IIA-CIA-Part3 Exam Dumps PDF 2024

100% Free Certified Internal IIA-CIA-Part3 Dumps PDF Demo Cert Guide Cover

Things You Should Know about the IIA CIA Part 3 Exam

The IIA CIA Part 3 course is designed to help you pass the Part 3 exam in just two days. The course focuses on all the major topics that you need to be familiar with in order to pass the test.

It is important to keep in mind that while you are taking your test it is a good idea to take a break and relax as much as possible. Taking a break will help keep your mind off of how much time has passed since you last took a test. It also gives you an opportunity to get back on track and focus on what you are doing.

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IIA-CIA-Part3 Exam is a computer-based exam, and candidates must complete it within four hours. IIA-CIA-Part3 exam consists of 100 multiple-choice questions, and candidates must score at least 600 out of 800 to pass. Candidates can take the exam at any Prometric testing center worldwide, and the exam fee varies depending on the candidate’s location.

NEW QUESTION 134
Ramseur’s equivalent units for direct materials for the current month would be:

175,000 units

181.500 units

195,000 units

200,000 units

NEW QUESTION 135
An auditor has just completed a physical security audit of a data center. Because the center engages in top- secret defense contract work, the auditor has chosen to recommend biometric authentication for workers entering the building. The recommendation might include devices that verify all of the following except:

Fingerprints.

Retina patterns.

Speech patterns.

Password patterns.

NEW QUESTION 136
Which one of the following is least likely to be recommended by the auditor when an EDIEFT system is being designed?

The identity of the individual approving an electronic document should be stored as a data field.

Disaster recovery plans should be established.

Data security procedures should be written to prevent changes to data by unauthorized individuals

Remote access to electronic data should be denied.

NEW QUESTION 137
Which of the following stages of group development is associated with accepting team responsibilities?

Forming stage.

Performing stage.

Norming stage.

Storming stage.

NEW QUESTION 138
Which of the following inventory items would be the most frequently reviewed in an ABC inventory control system?

Expensive, frequently used, high stock-out cost items with short lead times.

Expensive, frequently used, low stock-out cost items with long lead times.

Inexpensive, frequently used, high stock-out cost items with long lead times.

Expensive, frequently used, high stock-out cost items with long lead times.

NEW QUESTION 139
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 140
Which of the following is not an appropriate time series forecasting technique?

Least squares.

Exponential smoothing.

The Delphi technique.

Moving averages.

NEW QUESTION 141
The economic order quantity is the size of the order that minimizes total inventory costs which include ordering and holding carrying) costs. It can be calculated using the formula

If Q = order size in units, D = annual demand in units, p = cost per purchase order, s = carrying cost per year for one unit of inventory. If the annual demand decreases by 369/o the optimal order size will:

Decrease by 20%.

Increase by 20%.

Increase by 6%. Decrease by 6%.

NEW QUESTION 142
The carrying costs associated with inventory management include:

Insurance costs, shipping costs, storage costs, and obsolescence.

Storage costs, handling costs, capital invested, and obsolescence.

Purchasing costs, shipping costs, setup costs, and quantity discounts lost.

Obsolescence, setup costs, capital invested, and purchasing costs.

NEW QUESTION 143
Under a value-added taxing system:

Businesses must pay a tax only if they make a profit.

The consumer ultimately bears the cost of the tax through higher prices.

Consumer savings are discouraged.

The amount of value added is the difference between an organization’s sales and its cost of goods sold.

NEW QUESTION 144
Simu-lation, a widely used technique in decision modeling, is a(n):

Process of modeling whereby real activities are represented in mathematical or other form.

Technique used to pinpoint random deviations in industrial processes and other repetitive operations.

Technique used to separate costs into fixed and variable portions.

Inventory management model that is used to calculate the optimum order quantity

NEW QUESTION 145
Which of the following IT controls includes protection for mainframe computers and workstations?

Change management controls

Physical and environmental controls.

System software controls

Organization and management controls

NEW QUESTION 146
Based on lest results an IT auditor concluded that the organization would suffer unacceptable toss of data if there was a disaster at its data center. Which of the following test results would likely lead the auditor to this conclusion?

Requested backup tapes were not returned from the offsite vendor in a timely manner

Returned backup tapes from the offsite vendor contained empty spaces

Critical systems have been Backed up more frequently than required.

Critical system backup tapes are taken off site less frequently than required.

NEW QUESTION 147
Which of the following is not a factor, with respect to pending litigation that must be considered in determining whether a provision should be recognized?

The time period in which the underlying cause of action occurred.

The probability of an unfavorable outcome.

The ability to make a reliable estimate of the amount of loss.

The number of parties involved in the litigation.

NEW QUESTION 148
At the inception of a finance lease, how should the lessee account for guaranteed residual value?

As part of minimum lease payments at present value.

As part of minimum lease payments at future value.

As part of minimum lease payments at future value of an annuity due.

As not a part of the lease contract.

NEW QUESTION 149
The College Honor Society sells hot pretzels at the home football games. The pretzels are sold for $1.00 each, and the cost per pretzel is $.30. Any unsold pretzels are discarded because they will be stale before the next home game.
The frequency distribution of the demand for pretzels per game is presented as follows:
Unit Sales VolumeProbability
2.000 pretzels.10 3,000 pretzels.15
4.000
pretzels.20
5.000
pretzels.35
6.000
pretzels.20
The estimated demand for pretzels at the next home football game using an expected value approach is:

4.000 pretzels.

4.400 pretzels.

5,000 pretzels.

None of the answers are correct.

NEW QUESTION 150
The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?

Risk acceptance.

Risk sharing.

Risk avoidance.

Risk reduction.

IIA-CIA-Part3 Certification Exam consists of 100 multiple-choice questions that must be answered within two and a half hours. Candidates who pass the exam are awarded the Certified Internal Auditor (CIA) designation, which is recognized by employers and industry organizations worldwide. Business Knowledge for Internal Auditing certification program is designed to help internal auditors develop the skills and knowledge necessary to provide effective and efficient audit services to their organizations.

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Things You Should Know about the IIA CIA Part 3 Exam

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