Get Oct-2026 updated IIA-CIA-Part3 Certification Exam Sample Questions [Q33-Q55]

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Get Oct-2026 updated IIA-CIA-Part3 Certification Exam Sample Questions

IIA-CIA-Part3 Study Guide Cover to Cover as Literally

IIA-CIA-Part3 exam is a challenging and rigorous certification exam that is designed to test the knowledge and skills of individuals who are interested in pursuing a career in internal auditing. Successful completion of IIA-CIA-Part3 exam is a critical step in achieving the CIA designation, and is highly valued by employers around the world. With the right preparation and study, candidates can confidently approach IIA-CIA-Part3 exam and realize their professional goals.

NEW QUESTION 33
What relationship exists between decentralization and the degree, importance, and range of lower-level decision making?

Mutually exclusive relationship.

Direct relationship.

Intrinsic relationship.

Inverse relationship.

NEW QUESTION 34
What is the tax expense that would have been reported on Lally’s income statement for the year ended December 31 Year 1?

US $1,560,000

US $1.528.000 C US $1.600.000
D US $1,568,000

NEW QUESTION 35
An internal auditor is assigned to perform data analytics. Which of the following is the next step the auditor should undertake after she has ascertained the value expected from the review?

Normalize the data

Obtain the data

identify the risks

Analyze the data

NEW QUESTION 36
On January 2, Year 1, Kine Co. granted Morgan, its preside -I t. share options to buy 1.000 shares of Kine’s US $10 per ordinary stock. The options call for a price of US$20 per share and are exercisable for 3 years following the grant date. Morgan exercised the options on December 31, Year 1. The market price of the shares was US $50 on January 2, Year 1, and US $70 on the following for December 31. The market price of the shares is followed because the fair value of the option is not reliable measurable, by what net amount should equity increased as a result of the grant and exercise of the options?

US $ 20,000

US $30,000

US $50,000

US $70,000

NEW QUESTION 37
Refer to the exhibit.

The figure below shows the network diagram for the activities of a large project. What is the shortest number of days in which the project can be completed?

21 days.

22 days.

27 days.

51 days.

NEW QUESTION 38
On the last day of the year, a total cost of S 150.000 was incurred in indirect labor related to one of the key products an organization makes. How should the expense be reported on that year’s financial statements?

It should be reported as an administrative expense on the income statement.

It should be reported as period cost other than a product cost on the management accounts

It should be reported as cost of goods sold on the income statement.

It should be reported on the balance sheet as part of inventory.

NEW QUESTION 39
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?

We are a people-and-goods mover.

We supply energy.

We make movies.

We provide climate control in the home.

NEW QUESTION 40
Which of the following is a characteristic of just-in-time inventory management systems?

Users determine the optimal level of safety stocks.

They are applicable only to large organizations.

They do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.

They rely heavily on high quality materials.

NEW QUESTION 41
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?

Each party’s negotiator presents a menu of options to the other party.

Each party adopts one initial position from which to start.

Each negotiator minimizes the information provided to the other party.

Each negotiator starts with an offer, which is optimal from the negotiator’s perspective.

NEW QUESTION 42
An organization ‘ s IT systems can only be accessed using the organization ‘ s virtual private network.
However, organizational emails, videoconferencing, and file-sharing tools are cloud-based and can be accessed using multi-factor authentication via any device. Which of the following risks should the organization acknowledge?

The risk that internal data can be leaked via unapproved applications

The risk that virtual private networks are not secure

The risk that remote access controls are usually ineffective in cloud solutions

The risk that employees may read organizational emails outside of business hours

NEW QUESTION 43
Which of the following does not provide operational assurance that a computer system is operating properly?

Performing a system audit.

Making system changes.

Testing policy compliance.

Conducting system monitoring.

NEW QUESTION 44
An organization has instituted a bring-your-own-device (BYOD) work environment. Which of the following policies best addresses the increased risk to the organization’s network incurred by this environment?

Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data

Ensure that relevant access to key applications is strictly controlled through an approval and review process

Institute detection and authentication controls for all devices used for network connectivity and data storage

Use management software to scan and then prompt patch reminders when devices connect to the network

NEW QUESTION 45
At one organization, the specific terms of a contract require both the promisor end promise to sign the contract in the presence of an independent witness.
What is the primary role to the witness to these signatures?

A witness verifies the quantities of the copies signed.

A witness verifies that the contract was signed with the free consent of the promisor and promise.

A witness ensures the completeness of the contract between the promisor and promise.

A witness validates that the signatures on the contract were signed by tire promisor and promise.

NEW QUESTION 46
If a central bank wishes to implement an expansionary monetary policy, which one of the following actions would it take?

Raise the reserve requirement and the rate at which member banks may borrow from the central bank.

Purchase additional government securities and lower the rate at which member banks may borrow from the central bank.

Reduce the reserve requirement and raise the rate at which member banks may borrow from the central bank.

Raise the rate at which member banks may borrow from the central bank and sell government securities.

NEW QUESTION 47
An organization decided to reorganize into a flatter structure. Which of the following changes would be expected with this new structure?

Lower costs.

Slower decision making at the senior executive level.

Limited creative freedom in lower-level managers.

Senior-level executives more focused on short-term, routine decision making

NEW QUESTION 48
The feasible solution region is bounded by the lines connecting points:

3, 4, 6, and 7

1, 5, 6, and 8.

2, 4, 5 6, and 8.

3, 5, 6, and 7.

NEW QUESTION 49
An organization wants to offer a standard product across all markets but also wants to differentiate the product to fit local demands in different geographic markets and to meet government regulations.
Which of the following strategies may help the organization achieve its goal?

Globalization strategy.

Transnational strategy.

Multidomestic strategy.

Export strategy.

NEW QUESTION 50
A new chief audit executive (CAE) reviews long overdue audit recommendations, which have been repeatedly reported to senior management but have not been implemented, and is unsure which issues should be escalated to the board. Which of the following would serve as the best guide in this scenario?

The CAE’s personal judgment

The organization’s code of conduct

The organization’s risk acceptance policy

The organization’s internal audit charter

NEW QUESTION 51
An organization uses the management-by-objectives method whereby employee performance is based on defined goals. Which of the following statements is true regarding this approach?

It is particularly helpful to management when the organization is facing rapid change.

It is a more successful approach when adopted by mechanistic organizations.

It is mere successful when goal setting is performed not only by management, but by all team members, including lower-level staff.

It is particularly successful in environments that are prone to having poor employer-employee relations.

NEW QUESTION 52
Which of the following parties is most likely to be responsible for maintaining the infrastructure required to prevent the failure of a real-time backup of a database?

IT database administrator.

IT data center manager.

IT help desk function.

IT network administrator.

NEW QUESTION 53
The effect of just-in-time production approaches:

Reduces the dependency on suppliers.

Reduces the cost of implementing strategies.

Decreases production facility flexibility.

Increases the need for a dependable workforce.

NEW QUESTION 54
Which of the following is generally considered a best practice related to data backup?
* Performing full system backups on weekdays.
* Storing system backups onsite in a secured location.
* Testing system backup media periodically.
* Verifying backup media can be retrieved within seven years.

2 only.

3 only.

1, 2, and 3 only.

2, 3, and 4 only.

NEW QUESTION 55
An organization has instituted a bring-your-own-device (BYOD) work environment Which of the following policies best addresses the increased risk to the organization’s network incurred by this environment?

Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data.

Ensure that relevant access to key applications is strictly controlled through an approval and review process

Institute detection and authentication controls for all devices used for network connectivity and data storage

Use management software to scan and then prompt patch reminders when devices connect to the network

IIA-CIA-Part3 exam is a certification exam offered by the Institute of Internal Auditors (IIA) for internal auditors seeking to enhance their knowledge and skills in the area of business knowledge. IIA-CIA-Part3 exam is designed to test the candidate’s understanding of business principles and practices, including financial management, marketing, operations, and information technology. It is one of the three exams required to obtain the Certified Internal Auditor (CIA) designation, which is recognized globally as the standard for internal auditors.

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