Enhance Your Career With Available Preparation Guide for IIA-CIA-Part3 Exam [Q142-Q161]

Rate this post

Enhance Your Career With Available Preparation Guide for IIA-CIA-Part3 Exam

Get Special Discount Offer of IIA-CIA-Part3 Certification Exam Sample Questions and Answers

IIA-CIA-Part3 exam is designed to test candidates on their knowledge of business and risk management, governance, communication, and IT. IIA-CIA-Part3 exam consists of 100 multiple-choice questions and is timed at two hours and forty-five minutes. To be eligible to take IIA-CIA-Part3 exam, candidates must have completed the CIA Part 1 and CIA Part 2 exams or have obtained other approved certifications.

IIA CIA Part 3 Exam Study Guide Gets You Certified Faster

Start preparing Now Before You Take IIA CIA Part 3 Exam

Are you looking for a reliable, tested and proven study guide to help you prepare for the IIA CIA Part 3 Exam?

If you are looking for a reliable, tested and proven study guide to help you prepare for the IIA CIA Part 3 exam, then I suggest you look no further than this study guide.

The IIA CIA part 3 exam is the next one after the CIA part 2. It is a very competitive exam. So if you want to get the best score possible, you need to make sure that you are prepared.

When it comes to studying for a test, we all know that when you study the best, you will learn the most. But how do you find a study guide that is guaranteed to help you learn the most? IIA CIA part 3 exam dumps will help you prepare for the exam, and get you certified faster than you think.

In this article, I’m going to give you a list of everything you need to pass your IIA CIA Part 3 exam. And I’m going to show you exactly how to use this study guide to help you pass your IIA CIA Part 3 exam in no time.

So if you want to study smarter, get faster and learn the most, then read on&mldr;

Q142. When writing a business memorandum, the writer should choose a writing style that achieves all of the following except:

Draws positive attention to the writing style.

Treats all receivers with respect.

Suits the method of presentation and delivery.

Develops ideas without overstatement.

Q143. Which of the following describes a typical desktop workstation used by most employees in their daily work?

Workstation contains software that prevents unauthorized transmission of information into and out of the organization’s network.

Workstation contains software that controls information flow between the organization’s network and the Internet.

Workstation contains software that enables the processing of transactions and is not shared among users of the organization’s network.

Workstation contains software that manages user’s access and processing of stored data on the organization’s network.

Q144. In the standard regression equation y= a + bx, how is the letter b best described?

Independent variable

Dependent variable

Y intercept

Slope of the regression line

Q145. Which of the following is the most appropriate way to record each partner’s initial investment in a partnership?

At the value agreed upon by the partners.

At book value.

At fair value.

At the original cost.

Q146. Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

The board has overall responsibility for the internal control processes associated with the CSR program.

Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with the CSR program.

The internal audit activity is responsible for ensuring that CSR principles are integrated into the organization’s policies and procedures.

Every employee has a responsibility for ensuring the success of the organization’s CSR objectives.

Q147. A large fishing operation has information on the interval, time, and probabilities of shrimp schools staying beneath their fishing boats. In order to use this information to predict when and where to send their boats, which of the following techniques should be used?

Simulation.

Least squares.

Queuing theory.

Exponential smoothing.

Q148. 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.

Q149. How is the letter x in the standard regression equation best described?

Independent Variable

Dependent Variable

Constant coefficient

Coefficient of determination

Q150. 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?

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.

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

Q151. An entity has accounts payable of US $5 million with terms of 2% discount within 15 days, net 30 days 2115 net 30 It can borrow funds from a bank at an annual rate of 12%, or it can wait until the 30th day when it will receive revenues to cover the payment If it borrows funds on the last day of the discount period in order to obtain the discount, its total cost will be:

US $51,000 less

US $75,500 less

US $100,000 less

US $24,500 more

Q152. Which of the following steps in the accounting cycle is completed later than the others?

Adjustments.

Journalization

Posting.

Identification and measurement of transactions.

Q153. A transfer of receivables with recourse, in exchange for cash should:

Not be recorded until all of the receivables have been collected.

Be recorded as a sale or a borrowing transaction, depending on the provisions of the transfer agreement.

Be recorded as a sale of receivables. D Be recorded as a borrowing transaction.

Q154. If bonds are initially sold at a discount and the effective-interest method of amortization is used:

Interest expense in the earlier periods will be less than interest expense in the later periods.

Interest expense in the earlier periods will be greater than interest expense in the later periods.

Interest expense will equal the cash interest payment each period.

Interest expense will be less than the cash interest payment each period.

Q155. Which of the following techniques would be least effective in resolving the conflict created by an internal audit client’s perception of the audit report as a personal attack on his management performance?

The auditor should focus on the audit client as a person and understand him, rather than just concentrating on the problem.

The auditor should make recommendations based on objective criteria, rather than based on a subjective assessment.

The auditor should explore alternative solutions to address the audit problem, so the audit client has options.

The auditor should take a flexible position on the recommendations and focus on resolving the issue by addressing the interests of the people concerned.

Q156. At what stage of project integration management would a project manager and project management team typically coordinate the various technical and organizational interfaces that exist in the project?

Project plan development.

Project plan execution

Integrated change control.

Project quality planning

Q157. Which of the following bring-your-own-device (BYOD) practices is likely to increase the risk of infringement on local regulations, such as copyright or privacy laws?

Not installing anti-malware software.

Updating operating software in a haphazard manner.

Applying a weak password for access to a mobile device.

Jailbreaking a locked smart device.

Q158. The use of teams in total quality management TOM) is important because:

Well-managed teams can be highly creative and are able to address complex problems better than individuals can.

Teams are quicker to make decisions, thereby helping to reduce cycle time.

Employee motivation is higher for team members than for individual contributors.

The use of teams eliminates the need for supervision, thereby alloying a company to become leaner and more profitable.

Q159. If the value of the U.S. dollar in foreign currency markets changes from US $1 = .95 euros to US $1 = .90 euros.

The euro has depreciated against the dollar.

Products imported from Europe to the U.S. will become more expensive.

U.S. tourists in Europe will find their dollars will buy more European products.

U.S. exports to Europe should decrease.

Q160. How much must the steel: to worth at expiration for a call holder to break even if the exercise price is US $60 and the call premium was U` $ 3?

US $57.00

US $60.00

US $61.50

US $63.00

Q161. Listed below are selected line items from the cost-of-quality report for Company B for
What is Company B’s total prevention and appraisal cost for last month?

US $786

US $1,154

US $1,940

US $2,665