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IIA-CIA-Part3: Certified Internal Auditor - Part 3, The Internal Audit Activity's -  Business Analysis and Information Technology

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IIA

Exam Questions:
340
 Learners
  2.370
Last Updated
February - 2025
Language
English
9 Quizzes
PDF | VPLUS

This study guide should help you understand what to expect on the exam and includes a summary of the topics the exam might cover and links to additional resources. The information and materials in this document should help you focus your studies as you prepare for the exam.

Related questions

Question 1

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Which of the following physical security controls is able to serve as both a detective and preventive control?

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Question 2

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Which of the following performance measures includes both profits and investment base?

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Question 3

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Which of the following statements is true regarding cost-volume-profit analysis?

Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.
Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.
Breakeven point is the amount of units sold to cover variable costs.
Breakeven point is the amount of units sold to cover variable costs.
Breakeven occurs when the contribution margin covers fixed costs.
Breakeven occurs when the contribution margin covers fixed costs.
Following breakover1, he operating income will increase by the excess of fixed costs less the variable costs per units sold.
Following breakover1, he operating income will increase by the excess of fixed costs less the variable costs per units sold.
Suggested answer: C
asked 18/09/2024
wilson tan
45 questions

Question 4

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Which of the following common quantitative techniques used in capital budgeting is best associated with the use of a table that describes the present value of an annuity?

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Question 5

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At an organization that uses a periodic inventory system, the accountant accidentally understated the organization s beginning inventory. How would the accountant's accident impact the income statement?

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Question 6

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A retail organization mistakenly did have include $10,000 of Inventory in the physical count at the end of the year. What was the impact to the organization's financial statements?

Cost of sales and net income are understated.
Cost of sales and net income are understated.
Cost of sales and net income are overstated.
Cost of sales and net income are overstated.
Cost of sales is understated and not income is overstated.
Cost of sales is understated and not income is overstated.
Cost of sales is overstated and net Income is understated.
Cost of sales is overstated and net Income is understated.
Suggested answer: D
asked 18/09/2024
Salih Igde
39 questions

Question 7

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Which of the following is the best example of a compliance risk that Is likely to arise when adopting a bring-your-own-device (BYOD) policy?

The risk that users try to bypass controls and do not install required software updates.
The risk that users try to bypass controls and do not install required software updates.
The risk that smart devices can be lost or stolen due to their mobile nature..
The risk that smart devices can be lost or stolen due to their mobile nature..
The risk that an organization intrusively monitors personal Information stored on smart devices.
The risk that an organization intrusively monitors personal Information stored on smart devices.
The risk that proprietary information is not deleted from the device when an employee leaves.
The risk that proprietary information is not deleted from the device when an employee leaves.
Suggested answer: D
asked 18/09/2024
saiming wong
37 questions

Question 8

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A newly appointed board member received an email that appeared to be from the company's CEO.

The email stated:

"Good morning. As you remember, the closure of projects is our top priority. Kindly organize prompt payment of the attached invoice for our new solar energy partners." The board member quickly replied to the email and asked under which project the expense should be accounted. Only then did he realize that the sender 's mail domain was different from the company's. Which of the following cybersecurity risks nearly occurred in the situation described?

A risk of spyware and malware.
A risk of spyware and malware.
A risk of corporate espionage.
A risk of corporate espionage.
A ransomware attack risk.
A ransomware attack risk.
A social engineering risk.
A social engineering risk.
Suggested answer: A
asked 18/09/2024
Leandro Ruwer
46 questions

Question 9

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Which of the following is a result of Implementing on e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and biting?

Higher cash flow and treasury balances.
Higher cash flow and treasury balances.
Higher inventory balances
Higher inventory balances
Higher accounts receivable.
Higher accounts receivable.
Higher accounts payable
Higher accounts payable
Suggested answer: C
asked 18/09/2024
Anu V
34 questions

Question 10

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An internal audit activity is piloting a data analytics model, which aims to identify anomalies in payments to vendors and potential fraud indicators. Which of the following would be the most appropriate criteria for assessing the success of the piloted model?

The percentage of cases flagged by the model and confirmed as positives.
The percentage of cases flagged by the model and confirmed as positives.
The development and maintenance costs associated with the model
The development and maintenance costs associated with the model
The feedback of auditors involved with developing the model.
The feedback of auditors involved with developing the model.
The number of criminal investigations initiated based on the outcomes of the model
The number of criminal investigations initiated based on the outcomes of the model
Suggested answer: A
asked 18/09/2024
Christian Weber
33 questions