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

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

Vendor: IIA

Certifications: CIA

Exam Code: IIA-CIA-PART3-3P

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

Updated: Nov 29, 2024

Q&As: 413

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IIA-CIA-PART3-3P Online Practice Questions and Answers

Questions 1

Which of the following statements is most accurate with respect to various forms, elements, and characteristics of business contracts?

A. A contract is a tool used by both suppliers and customers, the model and complexity of which generally remains constant

B. Collaboration during contract negotiation encourages stakeholders to develop consensus but typically increases cycle times and the likelihood that the contract will fail

C. Differing legal requirements affect the attitudes of contracting parties as well as the length content and language of contracts

D. A contract is a tool used by both suppliers and customers though it offers commercial assurance of the relationship, purely from a customer perspective

Show Answer
Questions 2

The following transactions and events occurred during the year:

- $300,000 of raw materials were purchased, of which $20,000 were returned because of defects

-$600,000 of direct labor costs were incurred.

-

S750.000 of manufacturing overhead costs were incurred. What is the organization's cost of goods sold for the year?

A.

$1.480.000

B.

$1 500 000

C.

$1,610.000

D.

$1650 000

Show Answer
Questions 3

An organization's network administrator received an email that appeared to come from the organization's external IT service provider requesting his credentials to perform an update of a server operating system If the IT service provider did not send the email, which of the following best describes the likely purpose of the email?

A. An attempt at phishing.

B. An attempt at penetration testing

C. An attempt to patch the server

D. An attempt to launch malware

Show Answer More Questions

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