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IIA-CIA-Part3 practice test questions answers

IIA IIA-CIA-Part3 Dumps Questions Answers

Exam Code:
IIA-CIA-Part3
Last Update: Dec 25, 2024
340 Questions
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IIA IIA-CIA-Part3 Exam Dumps FAQs

The IIA IIA-CIA-Part3 Exam, also known as the Certified Internal Auditor Part 3 exam, focuses on business knowledge for internal auditing. It covers topics such as business acumen, information security, information technology, and financial management.
The target audience includes internal auditors, audit managers, and professionals seeking to enhance their knowledge and skills in internal auditing and business management.

The IIA IIA-CIA-Part3 exam covers four main domains:

  • Business Acumen (35%)
  • Information Security (25%)
  • Information Technology (20%)
  • Financial Management (20%)
The IIA IIA-CIA-Part3 exam consists of 100 multiple-choice questions, and candidates have 120 minutes to complete it.
Yes, candidates must have completed the first two parts of the CIA exam and meet the eligibility requirements set by the IIA.

The IIA IIA-CIA-Part3 and IIA-CIA-Part3-3P exams are both parts of the Certified Internal Auditor (CIA) certification, but they have some differences in focus and structure:

  • IIA IIA-CIA-Part3 Exam: The IIA IIA-CIA-Part3 Exam is centered on business knowledge for internal auditing. It covers four main domains: Business Acumen, Information Security, Information Technology, and Financial Management.
  • IIA-CIA-Part3-3P Exam: The IIA-CIA-Part3-3P Exam is a specialized version of the Part 3 exam, designed for professionals who have a specific focus on public sector auditing.
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Business Knowledge for Internal Auditing Questions and Answers

Questions 1

Which of the following is most appropriately placed in the financing section of an organization's cash budget?

Options:

A.

Collections from customers

B.

Sale of securities.

C.

Purchase of trucks.

D.

Payment of debt, including interest

Questions 2

Which of the following statements is true regarding user-developed applications (UDAs)?

Options:

A.

UDAs are less flexible and more difficult to configure than traditional IT applications.

B.

Updating UDAs may lead to various errors resulting from changes or corrections.

C.

UDAs typically are subjected to application development and change management controls.

D.

Using UDAs typically enhances the organization's ability to comply with regulatory factors.

Questions 3

As it relates to the data analytics process, which of the following best describes the purpose of an internal auditor who cleaned and normalized cate?

Options:

A.

The auditor eliminated duplicate information.

B.

The auditor organized data to minimize useless information.

C.

The auditor made data usable for a specific purpose by ensuring that anomalies were Identified and corrected.

D.

The auditor ensured data fields were consistent and that data could be used for a specific purpose.

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