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IIA-CIA-PART3-3P Exam Questions & Answers

Exam Code: IIA-CIA-PART3-3P

Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing

Updated: May 08, 2024

Q&As: 413

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Practice These Free Questions and Answers to Pass the CIA Exam

Questions 1

Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:

If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:

A. $100

B. $200

C. $300

D. $500

Show Answer
Questions 2

In terms of international business strategy, which of the following is true regarding a multi- domestic strategy?

A. It uses the same products in all countries.

B. It centralizes control with little decision-making authority given to the local level.

C. It is an effective strategy when large differences exist between countries.

D. It provides cost advantages, improves coordinated activities, and speeds product development.

Show Answer
Questions 3

Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?

A. Monte Carlo Analysis

B. Project Management Information System (PMIS)

C. Earned Value Management (EVM).

D. Integrated Project Plan A

Show Answer
Questions 4

Which of the following control features consists of a set of authorization codes that distinguishes among actions such as reading, adding, and deleting records?

A. Internally encrypted passwords

B. System access privileges.

C. Logon passwords

D. Protocol controls.

Show Answer
Questions 5

During which phase of the contacting process ate contracts drafted for a proposed business activity?

A. Initiation phase

B. Bidding phase

C. Development phase

D. Management phase

Show Answer

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