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CIA Changed IIA-CIA-Part3-3P Questions

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Total 488 questions
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CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

Question 53

Which of the following conditions could lead an organization to enter into a new business through internal development rather than through acquisition?

Options:

A.

It is expected that there will be slow retaliation from incumbents.

B.

The acquiring organization has information that the selling organization is weak.

C.

The number of bidders to acquire the organization for sale is low.

D.

The condition of the economy is poor.

Question 54

Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

Options:

A.

Increasing complexity over time.

B.

Interface with corporate systems.

C.

Ability to meet user needs.

D.

Hidden data columns or worksheets.

Question 55

In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?

Options:

A.

Identifying the processes at the activity level.

B.

Analyzing the organization's strategic plan where the business processes are defined.

C.

Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.

D.

Identifying the risks affecting the organization, the objectives, and then the processes concerned.

Question 56

The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?

Options:

A.

Risk acceptance.

B.

Risk sharing.

C.

Risk avoidance.

D.

Risk reduction.

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Total 488 questions
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