New IIA IIA-CIA-Part3-3P Test Review, Sample IIA-CIA-Part3-3P Questions Answers

New IIA IIA-CIA-Part3-3P Test Review, Sample IIA-CIA-Part3-3P Questions Answers

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IIA-CIA-Part3-3P exam consists of 100 multiple-choice questions that candidates must complete within a time limit of 2.5 hours. IIA-CIA-Part3-3P exam syllabus covers topics such as financial management, strategic planning, risk management, corporate governance, ethics, and fraud. Candidates must have a solid understanding of these topics to pass the exam.

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IIA-CIA-Part3-3P exam is a crucial certification for internal auditors who are seeking to enhance their knowledge and skills in the field of internal auditing. CIA Exam Part Three: Business Knowledge for Internal Auditing certification is recognized globally and is highly valued by employers. It is an essential certification for those who wish to pursue a career in internal auditing or advance their careers in this field. IIA-CIA-Part3-3P exam is a challenging one, but with proper preparation and study, professionals can pass it and gain the necessary skills and knowledge to excel in their careers.

IIA-CIA-Part3-3P certification exam is designed for individuals who wish to become certified internal auditors. IIA-CIA-Part3-3P exam is the third part of the CIA (Certified Internal Auditor) exam series and focuses on business knowledge for internal auditing. IIA-CIA-Part3-3P exam covers topics such as financial management, communication skills, risk management, governance, and ethics. It is intended for individuals who have already passed the first two parts of the CIA exam and have acquired basic knowledge of internal auditing.

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing Sample Questions (Q111-Q116):

In which of the following plans is an employee most likely to find guidance on action and performance standards?

  • A. Strategic plans.
  • B. Tactical plans.
  • C. Operational plans.
  • D. Mission plans.

Answer: C

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?

  • A. The cost of goods sold for the period will be overstated.
  • B. The net income for the period will be understated.
  • C. The cost of goods sold for the period will be understated.
  • D. There will be no effect on the cost of goods sold or the net income for the period.

Answer: A

Which of the following is useful for forecasting the required level of inventory?
1) Statistical modeling.
2) Information about seasonal variations in demand.
3) Knowledge of the behavior of different business cycles.
4) Pricing models linked to seasonal demand.

  • A. 1, 2, 3, and 4
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 1, 2, and 3 only

Answer: D

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

  • A. 1 and 3
  • B. 1 and 2
  • C. 3 and 4
  • D. 2 and 4

Answer: A

Which of the following IT-related activities is most commonly performed by the second line of defense?

  • A. Provide independent assessment of IT security.
  • B. Review disaster recovery test results.
  • C. Block unauthorized traffic.
  • D. Encrypt data.

Answer: B


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