Free IIA-CIA-Part3-3P Exam Braindumps certification guide Q&A [Q206-Q230]

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Free IIA-CIA-Part3-3P Exam Braindumps certification guide Q&A

IIA-CIA-Part3-3P Certification Overview Latest IIA-CIA-Part3-3P PDF Dumps

IIA-CIA-Part3-3P (CIA Exam Part Three: Business Knowledge for Internal Auditing) exam is one of the certification exams offered by the Institute of Internal Auditors (IIA). IIA-CIA-Part3-3P exam is designed to test the candidate’s knowledge and understanding of the business environment and the role of internal auditing in the organization. IIA-CIA-Part3-3P exam covers various topics, including business acumen, risk management, organizational structure, and financial management.

QUESTION 206
Which of the following is always true regarding the use of encryption algorithms based on public key infrastructure (PKI)?

PKI uses an independent administrator to manage the public key.

The public key is authenticated against reliable third-party identification.

PKI’s public accessibility allows it to be used readily for e-commerce.

The private key uniquely authenticates each party to a transaction.

QUESTION 207
A manager at a publishing company received an email that appeared to be from one of her vendors with an attachment that contained malware embedded in an Excel spreadsheet. When the spreadsheet was opened, the cybercriminal was able to attack the company’s network and gain access to an unpublished and highly anticipated book.
Which of the following controls would be most effective to prevent such an attack?

Restricting access and blocking unauthorized access to the network.

Using whitelists and blacklists to manage network traffic.

Monitoring network traffic.

Educating employees throughout the company to recognize phishing attacks.

QUESTION 208
According to IIA guidance, which of the following would be a primary reason for an internal auditor to test the organization’s IT contingency plan?

To ensure that adequate controls exist to prevent any significant business interruptions.

To identify and address potential security weaknesses within the system.

To ensure that tests contribute to improvement of the program.

To ensure that deficiencies identified by the audit are promptly addressed.

QUESTION 209
Which of the following factors is considered a disadvantage of vertical integration?

It may reduce the flexibility to change partners.

It may not reduce the bargaining power of suppliers.

It may limit the organization’s ability to differentiate the product.

It may lead to limited control of proprietary knowledge.

QUESTION 210
Organizations mat adopt just-in-time purchasing systems often experience which of the following?

A slight increase in carrying costs.

A greater need for inspection of goods as the goods arrive.

A greater need for linkage with a vendor s computerized order entry system.

An increase in the number of suitable suppliers

QUESTION 211
Which of the following methods is most closely associated to year over year trends?

Horizontal analysis

Vertical analysis

Common-size analysis

Ratio analysis

QUESTION 212
Refer to the exhibit.
If the profit margin of an organization decreases, and all else remains equal, which of the following describes how the “Funds Needed” line in the graph below will shift?

The “Funds Needed” line will remain pointed upward, but will become less steep.

The “Funds Needed” line will remain pointed upward, but will become more steep.

The “Funds Needed” line will point downward with a minimal slope.

The “Funds Needed” line will point downward with an extreme slope.

QUESTION 213
The leadership of an organization encourages employees to form voluntary problem-solving groups whereby several employees from the same work area meet regularity during work hours to discuss improvements and creative ways to reduce costs. Which of the following best describes this approach?

Open-book management

Quality control circles

Self-managed teams

Cross-functional teams

QUESTION 214
With regard to project management when of the following statements about prefect crashing is true?

It leads to an increase in risk and often results in rework

It is an optimization technique where activities are performed in parallel rather than sequentially

It involves a revaluation of protect requirements and/or scope.

It is a compression technique in which resources are added to the protect

QUESTION 215
According to MA guidance on IT. which of the following best describes a logical access control?

Require complex passwords to be established and changed quarterly

Require swipe cards to control entry into secure data centers

Monitor access to the data center with closed circuit camera surveillance.

Maintain current role definitions to ensure appropriate segregation of duties

QUESTION 216
Which of the following practices impacts copyright issues related to the manufacturer of a smart device?

Authentication.

Session hijacking.

Jailbreaking.

Eavesdropping.

QUESTION 217
An internal audit activity is piloting a data analytics model, which aims to identify anomalies in payments to vendors and potential fraud indicators Which of the following would be the most appropriate criteria for assessing the success of the piloted model?

The percentage of cases flagged by the model and confirmed as positives.

The development and maintenance costs associated with the model

The feedback of auditors involved with developing the model

The number of criminal investigations initiated based on the outcomes of the model

QUESTION 218
Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?

Intranet.

Extranet.

Digital subscriber line.

Broadband.

QUESTION 219
When management uses the absorption costing approach, fixed manufacturing overhead costs are classified as which of the following types of costs?

Direct product costs

Indirect product costs

Direct period costs

Indirect period costs.

QUESTION 220
Which of the following statements is true regarding the risks associated with the increased use of smart devices at work?

Due to their small size and portability smart devices and their associated data are typically less susceptible to physical loss

The Bluetooth and WI-FI features of smart devices enhance the security of data while in transit

The global positioning system (GPS) capability of smart devices could be exploited to plan cyberattacks

When the user fads to perform jailbreaking or rooting, data security and privacy risks we increased

QUESTION 221
Which of the following is classified as a product cost using the variable costing method?
1) Direct labor costs
2) Insurance on a factory.
3) Manufacturing supplies.
4) Packaging and shipping costs

1 and 2

1 and 3

2 and 4

3 and 4

QUESTION 222
Which component of an organization’s cybersecurity risk assessment framework would allow management to implement user controls based on a user’s role?

Inventory of information assets.

Information access management.

Prompt response and remediation policy.

Standard security configurations.

QUESTION 223
Much of the following authentication device credentials is the most difficult to revoke when an employee’s access rights need to be removed?

A traditional key lock

A biometric device.

A card-key system

A proximity device

QUESTION 224
What is the most significant potential problem introduced by just-in-time inventory systems?

They require significant computer resources.

They are susceptible to supply-chain disruptions.

They require complicated materials-supply contracts.

They prevent manufacturers from scaling up or down to meet changing demands.

QUESTION 225
An organization recently documented its procedures for recovering systems and data after a disaster How are these documented procedures most likely to be used during a disaster simulation exercise?

To help property configure mass communication notification tools

To help identify training needs across the functional areas required to recover systems and data.

To help ensure that the team members who are required to recover systems and data understand their roles.

To help validate the contact information of key personnel required to recover systems and data

QUESTION 226
An internal auditor is trying to assess control risk and the effectiveness of an organization’s internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

Interviewing the organization’s employees.

Observing the organization’s operations.

Reading the board’s minutes.

Inspecting manuals and documents.

QUESTION 227
Which of the following is the best example of IT governance controls?

Controls that focus on data structures and the minimum level of documentation required

Standards that support IT policies by more specifically defining required actions

Personnel policies that define and enforce conditions for staff in sensitive IT areas

Controls that focus on segregation of duties, financial and change management

QUESTION 228
Which of the following statements about mentoring is true?
1) Mentoring can be used effectively for increasing employee retention
2) Mentoring can be used effectively in reducing employees frustration.
3) Mentoring can be used effectively for increasing organization communication.
4) Mentoring can be used effectively as a short term activity consisting of instruction and training

1 2. and 3 only.

1. 2 and 4 only

1, 3. and 4 only.

1,2. 3, and 4

QUESTION 229
Which of the following best describes the primary objective of cybersecurity?

To protect the effective performance of IT general and application controls.

To regulate users’ behavior in the web and cloud environment.

To prevent unauthorized access to information assets.

To secure application of protocols and authorization routines.

QUESTION 230
According to IIA guidance, which of the following corporate social responsibility (CSR) activities is appropriate for the internal audit activity to perform?

Determine the optimal amount of resources for the organization to invest in CSR.

Align CSR program objectives with the organization’s strategic plan.

Integrate CSR activities into the organization’s decision-making process.

Determine whether the organization has an appropriate policy governing its CSR activities.

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The Certified Internal Auditor (CIA) credential is recognized worldwide as a symbol of excellence in the internal audit profession. The CIA Exam is a rigorous test of knowledge, skills, and abilities required of internal auditors. IIA-CIA-Part3-3P exam is divided into three parts, and each part focuses on a different aspect of the internal audit profession. The third part, known as CIA Exam Part Three: Business Knowledge for Internal Auditing, assesses the candidate’s understanding of business processes, risks, and controls.

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