IIA-CIA-Part3 Study Materials & IIA-CIA-Part3 Latest Exam Practice
IIA-CIA-Part3 Study Materials & IIA-CIA-Part3 Latest Exam Practice
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IIA-CIA-Part3 exam is a computer-based test that consists of 100 multiple-choice questions. Candidates are given two and a half hours to complete the exam. To be eligible to take IIA-CIA-Part3 exam, candidates must have completed the IIA-CIA-Part1 and IIA-CIA-Part2 exams. Passing IIA-CIA-Part3 exam is a critical step towards obtaining the CIA certification, which is recognized globally as the standard for excellence in internal auditing.
Things You Should Know about the IIA CIA Part 3 Exam
The IIA CIA Part 3 course is designed to help you pass the Part 3 exam in just two days. The course focuses on all the major topics that you need to be familiar with in order to pass the test.
It is important to keep in mind that while you are taking your test it is a good idea to take a break and relax as much as possible. Taking a break will help keep your mind off of how much time has passed since you last took a test. It also gives you an opportunity to get back on track and focus on what you are doing.
If you want to know more about our training programs and some of the other things that we offer then please visit our website. You can learn more about the different kinds of tests that we offer and the many types of training materials that we have available for your use. IIA CIA Part 3 exam dumps will help you prepare for the exam, and also help you to get the best score possible. We also offer free practice exams so that you can see if our training program is right for you.
IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing exam is a certification offered by the Institute of Internal Auditors (IIA). Business Knowledge for Internal Auditing certification is designed to test the knowledge and competency of internal auditors in areas such as business acumen, financial management, and strategic planning. Passing IIA-CIA-Part3 Exam is an excellent way to demonstrate one's expertise in these areas and to advance in the field of internal auditing.
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IIA Business Knowledge for Internal Auditing Sample Questions (Q223-Q228):
NEW QUESTION # 223
The graph depicts the domestic supply of and demand for a product that is also sold in the domestic market by foreign producers. The domestic producers are protected by a tariff of the amount Pt minus Pw. Bt is the domestic price including the tariff, and Rw is the world price for the product. The effect of the tariff is to:
- A. Increase domestic production from Oa to Ob.
- B. Increase domestic production from Ob to Cc.
- C. Reduce the domestic price from ORw to ORt
- D. Reduce foreign sales in the domestic market from ac to bc.
Answer: A
Explanation:
Without the tariff, domestic production is determined by the intersection of the Pw line with the domestic supply curve at the quantity Oa. Domestic production increases from Oa to Ob as a result of the introduction of the tariff. Supply intersects the Pt line at a higher price and at a greater domestic quantity, Ob.
NEW QUESTION # 224
Which of the following application controls, implemented by management, monitors data being processed to ensure the data remains consistent and accurate?
- A. Integrity controls
- B. Output controls.
- C. Management trail controls
- D. input controls
Answer: A
NEW QUESTION # 225
Which of the following criteria would be most useful to a sales department manager in evaluating the performance of the manager's customer-service group?
- A. All customer inquiries should be answered within 7 days of receipt.
- B. The customer is always right.
- C. Customer complaints should be processed promptly.
- D. Employees should maintain a positive attitude when dealing with customers.
Answer: A
Explanation:
A criterion that requires all customer inquiries to be answered within 7 days of receipt permits accurate measurement of performance. The quantitative and specific nature of the appraisal using this standard avoids the vagueness, subjectivity, and personal bias that may afflict other forms of personnel evaluations.
NEW QUESTION # 226
Company P, which produces computers, uses a target pricing and costing approach. The following is Company P's costs and revenues for the year just ended:
Company P plans to increase sales of computers to 15,000 in the next year by reducing the unit price to US $1,250. If Company P wishes to achieve a unit target operating income of 10%, by what amount must it reduce the full cost per unit?
- A. US $250
- B. US $100
- C. US $125
- D. US $225
Answer: D
Explanation:
Unit target operating income is US $125 10% $1,250 target price). Thus, the unit target full cost is US $1,125 $I,250 $125). The current full cost per unit is US $1,350 [($8,000,000 cost of goods sold + $5,500,000 operating costs excluding production) - 10,000 units sold], so the necessary reduction in full cost per unit is US $225 $1,350 - $1 .125).
NEW QUESTION # 227
Which of the following is not required when ISO 9000 standards are adopted?
- A. Organization of a quality management system.
- B. On-site inspections by a registrar.
- C. Creation of an internal audit system.
- D. Consistent high quality products.
Answer: D
Explanation:
ISO 9000 is a set of generic standards for establishing and maintaining a quality system within a company. The standards provide no basis for judging the quality of the end product.
The marketplace it will make this determination on its own. The objective of ISO 9000 standards is to ensure consistent quality.
NEW QUESTION # 228
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