IIA IIA-CIA-Part3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing Exam Exam Practice Test Questions

• Question 1

  A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

  • Sort on product identification code and identify missing product identification codes.
  • Review store identification code and identify missing product identification codes.
  • Compare product identification codes for consecutive periods.
  • Compare product identification codes by store for consecutive periods.

  Show Answer Answer: D Next

• Question 2

  Which of me following is applicable to both a job order cost system and a process cost system?

  • Total manufacturing costs are determined at the end of each period.
  • Costs are summarized in a production cost repot for each department
  • Three manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.
  • The unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

  Show Answer Answer: C Next

• Question 3

  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

  Show Answer Answer: B Next

• Question 4

  Within an enterprise, IT governance relates to the:1) Alignment between the enterprise's IT long term plan and the organization's objectives.2) Organizational structures of the company that are designed to ensure that IT supports the organization's strategies and objectives.3) Operational plans established to support the IT strategies and objectives.4) Role of the company's leadership in ensuring IT supports the organization's strategies and objectives.

  • 1 and 2 only
  • 3 and 4 only
  • 1, 2, and 4 only
  • 2, 3, and 4 only

  Show Answer Answer: C Next

• Question 5

  According to MA guidance on IT. which of the following controls the routing of data packets to link computers?

  • Operating system.
  • Control environment.
  • Network.
  • Application program code.

  Show Answer Answer: C Next