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IIA-CIA-Part3-3P exam covers a broad range of topics related to the business world, including financial management, marketing, operations management, and strategic planning. IIA-CIA-Part3-3P exam tests the candidate's knowledge of the business environment and how it affects internal auditing. Candidates are required to demonstrate an understanding of business ethics, corporate governance, and risk management.

IIA-CIA-Part3-3P (CIA Exam Part Three: Business Knowledge for Internal Auditing) Certification Exam is an essential certification for anyone looking to pursue a career in internal auditing. IIA-CIA-Part3-3P exam focuses on the core business knowledge and skills required to be an effective internal auditor. It is offered by the Institute of Internal Auditors (IIA), which is a professional organization dedicated to promoting and enhancing the practice of internal auditing worldwide.

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IIA-CIA-Part3-3P exam is a computer-based exam that consists of 100 multiple-choice questions. IIA-CIA-Part3-3P exam is divided into two sections, with a total testing time of two and a half hours. The first section of the exam covers the core concepts of internal auditing, including risk management, internal control, and governance. The second section of the exam focuses on business knowledge, including financial management, operations management, and strategic management.

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing Sample Questions (Q49-Q54):

NEW QUESTION # 49
Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?

  • A. Higher accounts receivable
  • B. Higher inventory balances
  • C. Higher cash flow and treasury balances
  • D. Higher accounts payable

Answer: A


NEW QUESTION # 50
Which of the following would provide the most relevant assurance that the application under development will provide maximum value to the organization?

  • A. Adequate software documentation.
  • B. End-user involvement.
  • C. Formalized non-regression testing phase.
  • D. Use of a formal systems development lifecycle.

Answer: B


NEW QUESTION # 51
Which of the following cybersecurity-related activities is most likely to be performed by the second line of defense?

  • A. Administer security procedures, training, and testing.
  • B. implement vulnerability management with internal and external scans.
  • C. Monitor incidents, key risk indicators, and remediation
  • D. Deploy intrusion detection systems and conduct penetration testing

Answer: A


NEW QUESTION # 52
When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?

  • A. User accounts are deleted when the work is completed.
  • B. User accounts specify expiration dates and are based on services provided.
  • C. Access is approved by the supervising manager.
  • D. Administrator access is provided for a limited period.

Answer: B


NEW QUESTION # 53
Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?

  • A. Set goals for implementation.
  • B. Ensure compliance with the model.
  • C. Identify management functions.
  • D. Identify emerging issues.

Answer: B


NEW QUESTION # 54
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