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Pass Guaranteed 2025 IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing–Reliable Exam Study Guide

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What is the exam cost of the IIA CIA Part 3 Exam

The IIA CIA Part 2 Exam fee of the member is the USD 230, the nonmember fee is the USD 345 and Student/Professor fee is the USD 180.

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IIA-CIA-Part3 exam is a certification exam that is designed to test the knowledge and skills of individuals who are interested in pursuing a career in internal auditing. IIA-CIA-Part3 exam is part of the Certified Internal Auditor (CIA) program offered by the Institute of Internal Auditors (IIA) and is focused on the business knowledge required for internal auditing.

IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing exam is an excellent way for internal auditors to demonstrate their knowledge and competency in key areas related to their profession. Passing IIA-CIA-Part3 Exam is a significant achievement and can help internal auditors advance in their careers. The IIA-CIA-Part3 exam is challenging, but with proper preparation and study, candidates can successfully pass the exam and earn the CIA certification.

IIA Business Knowledge for Internal Auditing Sample Questions (Q287-Q292):

NEW QUESTION # 287
Which of the following is an example of two-factor authentication?

A. The user's password and a separate passphrase.
B. The user's facial geometry and voice recognition.
C. The user's key fob and a smart card.
D. The user's fingerprint and a personal Identification number.

Answer: D

NEW QUESTION # 288
Which of the following performance measures would be appropriate for evaluating an
investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?

A. Variance analysis.
B. A flexible budget.
C. A contribution margin income statement by segment.
D. Residual income.

Answer: D

NEW QUESTION # 289
Which of the following business practices promotes a culture of high performance?

A. Reiterating the importance of compliance with established policies and procedures.
B. Celebrating employees' individual excellence.
C. Avoiding status differences among employees.
D. Periodically rotating operational managers.

Answer: C

NEW QUESTION # 290
When the economic order quantity (EOQ) decision model is employed, the <List A> are being offset or balanced by the <List B>.

A. Option A
B. Option C
C. Option B
D. Option D

Answer: A

Explanation:
The objective of the EOQ model is to find an optimal order quantity that balances carrying and ordering costs. Only variable costs should be considered. The EOQ is the point where the ordering cost and carrying cost curves intersect. It corresponds to the minimum point on the total inventory cost curve.

NEW QUESTION # 291
An organization upgraded to a new accounting software. Which of the following activities should be performed by the IT software vendor immediately following the upgrade?

A. Backup and restoration.
B. Market analysis lo identify trends
C. Software testing and validation
D. Services to manage and maintain the IT Infrastructure.

Answer: A

NEW QUESTION # 292
......

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