Quickly and Easily Pass IIA Exam with IIA-CIA-Part3 real Dumps Updated on Feb-2026
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IIA-CIA-Part3 exam covers a wide range of topics, including financial management, operations management, risk management, and governance. It tests the candidate's knowledge of business processes, financial statements, internal controls, and risk management frameworks. IIA-CIA-Part3 exam is designed to ensure that internal auditors have a deep understanding of the business environment and can effectively assess the risks and controls within an organization.
IIA-CIA-Part3 exam is an essential step in the CIA certification program. It is designed to test the business knowledge and skills of internal auditors and ensure that they have the necessary expertise to operate effectively in real-world scenarios. Candidates who pass the exam will receive the CIA certification, which is a valuable professional designation that will enhance their career opportunities.
NEW QUESTION # 235
Based on its current operating levels Glucose LLC estimates that its annual level of taxable profit in the foreseeable future will be US $200,000 annually_ Enacted tax rates for the tax jurisdiction in which Glucose operates are 15% for the first US $50.000 of taxable profit.
25% for the next US $50.000 of taxable profit, and 35% for taxable profit in excess of US $100,000. Which tax rate should Glucose use to measure a deferred tax liability or asset?
- A. 15%
- B. 0
- C. 25%
- D. 27.5%
Answer: D
Explanation:
In measuring a deferred tax liability DTL or asset DTA), the objective is to use the enacted or substantively enacted tax rate(s) expected to apply to taxable profit in the periods in which the deferred tax liability or asset is expected to be settled or realized. If different rates apply to different taxable profit levels, a DTA or DTL is measured based on the average rates expected to apply in the periods when the TDs are expected to reverse. Accordingly, the applicable tax rate is 21.5%.
NEW QUESTION # 236
Which of the following would be the strongest control to prevent unauthorized wireless network access?
- A. Allowing access to the organization's network only through a virtual private network.
- B. Logging devices that access the network, including the date. time, and identity of the user.
- C. Tracking all mobile device physical locations and banning access from non-designated areas.
- D. Permitting only authorized IT personnel to have administrative control of mobile devices.
Answer: D
NEW QUESTION # 237
Which of the following network types should an organization choose if it wants to allow access only to its own personnel?
- A. A local area network (LAN).
- B. An intranet.
- C. An extranet.
- D. The internet.
Answer: B
Explanation:
Comprehensive and Detailed In-Depth Explanation:
An intranet is a private network used by an organization for internal communication and information sharing among employees. It is accessible only to authorized personnel within the company.
Option A (Extranet) - Allows external parties (e.g., suppliers, partners) to access limited information.
Option B (LAN) - Refers to a network infrastructure rather than controlled access.
Option D (Internet) - Is public and not restricted to internal personnel.
Thus, Option C (Intranet) is the correct answer as it ensures access only to organizational personnel.
Reference: IIA IT Security - Network Access Controls
NEW QUESTION # 238
An organization and its trading partner rely on a computer-to-computer exchange of digital business documents. Which of the following best describes this scenario?
- A. Use of a central processing unit
- B. Use of a local area network
- C. Use of electronic data Interchange
- D. Use of a database management system
Answer: C
NEW QUESTION # 239
Annual inventory holding costs equal:
- A. US $1,250
- B. US $2,250
- C. US $1,750
- D. US $750
Answer: C
Explanation:
Given that demand is constant and the EOQ is 2,500 units, the average inventory level-1 without regard to safety stock is 1,250 units 2,500 - 2). Adding safety stock results in an average level of 1,750 units 1,250 + 500). Given also that annual holding costs are 25% of average inventory and that unit cost i s U $4, total annual holding cost i s U $1 ,750 [(1 ,750 units : $4) 25%]. Using an EOQ analysis assuming a constant demand), it is determined that the optimal order quantity is 2,500. The company desires a safety stock of 500 units. A five day lead time is needed for delivery. Annual inventory holding costs equal 25°!a of the average inventory level. It costs the company US $4 per unit to buy the product, which it sells for US $8. It costs the company US $150 to place a detailed order, and the monthly demand for the product is 4,000 units.
NEW QUESTION # 240
A company that supplies medications to large hospitals relies heavily on subcontractors to replenish any shortages within 24 hours. Where should internal auditors look for evidence that subcontractors are held responsible for this obligation?
- A. The signed service-level agreement.
- B. The subcontractors' annual satisfaction survey.
- C. The third-party management risk register.
- D. The company's code of ethics.
Answer: A
NEW QUESTION # 241
Which of the following best describes an objective for an audit of an environmental management system?
- A. To evaluate executive management oversight.
- B. To assess whether an annual control review is necessary.
- C. To promote environmental awareness.
- D. To determine conformance with requirements and agreements.
Answer: D
NEW QUESTION # 242
COBIT is targeted at all of the following except:
- A. Shareholders.
- B. Users.
- C. Management.
- D. Auditors.
Answer: A
Explanation:
COBIT is targeted at three distinct audiences: management, users, and auditors. Management must balance risks and control costs in the volatile IT environment. Users need assurance about the security of, and controls over, internal or third-parry IT services. Auditors must be able to support their opinions conveyed to management and others about the state of internal control. Because shareholders are not directly involved with IT services used in the day-to-day management of an organization, they are not a targeted audience of COBIT.
NEW QUESTION # 243
Which of the following is a primary driver behind the creation and prloritteation of new strategic Initiatives established by an organization?
- A. Governance
- B. Performance
- C. Risk tolerance
- D. Threats and opportunities
Answer: D
NEW QUESTION # 244
A small software development firm designs and produces custom applications for businesses. The application development team consists of employees from multiple departments who all report to a single project manager. Which of the following organizational structures does this situation represent?
- A. Divisional organization
- B. Product departmentalization
- C. Matrix organization.
- D. Functional departmentalization.
Answer: C
NEW QUESTION # 245
While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix. The manager has asked the auditor for advice about increasing advertising of various products. During which stage of the life cycle would it be appropriate to advertise that the company's product is the lowest price and best quality of all competitors?
- A. Introduction stage.
- B. Maturity stage.
- C. Growth stage.
- D. Decline stage.
Answer: B
Explanation:
The maturity stage is the ideal time for advertising lower prices and superior quality because this is the period during a product's life when competition is greatest. Due to the availability of many alternatives or substitutes, a firm has reasons to set itself apart. Because price and quality are both concerns of customers during the maturity stage, it is ideal for the firm to differentiate its product by advertising low prices and higher quality.
NEW QUESTION # 246
Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?
- A. Fees paid by the borrower at the time of the loan may not be deposited in a timely manner.
- B. The bank's loan documentation may not meet the government's disclosure requirements.
- C. Loan officers may override the lending criteria established by senior management.
- D. Borrowers may not sign all required mortgage loan documentation.
Answer: C
NEW QUESTION # 247
In a responsibility accounting system, managers are accountable for
- A. Costs over which they have significant influence_
- B. Product costs but not for period costs.
- C. Variable costs but not for fixed costs.
- D. Incremental costs.
Answer: A
Explanation:
The most desirable measure for evaluating a departmental manager is one that holds the
manager responsible for the revenues and expenses s)he can control. Controllability is the basic concept of responsibility accounting.
NEW QUESTION # 248
Which of the following are elements of risk management and mitigation?
I. Threat events and cost/benefit analysis
II. Safeguards, controls, and POI analysis
III. Frequency and uncertainty
IV.
Safeguard and control costs
- A. II only.
- B. II and IV only.
- C. I only
- D. I and Ill only.
Answer: B
Explanation:
The elements relating to risk management and mitigation include safeguards and controls, safeguard and control costs, and cost/benefit or POI analysis. The other elements of risk threat events, single loss exposure value, frequency, and uncertainty- comprise risk identification and quantification.
NEW QUESTION # 249
The cost of goods sold under the specific identification method of inventory valuation is:
- A. US $1,'. 1
- B. US $1,:
- C. US. $1,1z.1
- D. US $1.+1 ,1I
Answer: D
Explanation:
Of the 800 units sold during the period, the 300 units said on March 15 were purchased on January 12 at a cost of US $2.00 per unit. The remaining 500 units were purchased on May 5 at a cost of US $2.20 per unit. The cost of goods sold under the specific identification method is therefore US $1.700 [(300 units x $2.00) +500 units ? $2.20)].
NEW QUESTION # 250
The mobility of personal smart devices significantly increases which of the following risks?
- A. Physical security risks
- B. Data integrity risks
- C. Compliance risks.
- D. Privacy risks
Answer: A
NEW QUESTION # 251
Which of the following is not included in the process of user authentication?
- A. Validation.
- B. Authorization.
- C. Verification.
- D. Identification.
Answer: B
NEW QUESTION # 252
Which of the following best describes the type of control provided by a firewall?
- A. Corrective
- B. Preventive
- C. Detective
- D. Discretionary
Answer: B
NEW QUESTION # 253
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IIA-CIA-Part3 exam is a critical component of the CIA certification process. It tests candidates' abilities to apply business concepts to internal auditing and prepares them for the challenges of the modern business environment. Candidates who pass the exam can demonstrate their competence and commitment to the internal auditing profession, which can help them achieve their career goals.
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