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IIA-CIA-Part3 exam consists of 100 multiple-choice questions, which candidates must complete within three hours. IIA-CIA-Part3 Exam's content is divided into four domains: Business Acumen, Information Security, Information Technology (IT), and Financial Management. Candidates must demonstrate their understanding of these domains by answering questions on topics such as risk management, auditing project management, IT governance, and financial analysis. Passing the exam requires a minimum score of 600 out of a possible 750 points. Business Knowledge for Internal Auditing certification is highly respected in the industry and demonstrates that an auditor has a comprehensive understanding of the business landscape and the risks associated with it.

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IIA-CIA-Part3 exam is designed to test the candidate's knowledge of business concepts and practices as they relate to internal auditing. IIA-CIA-Part3 exam covers a wide range of topics, including macro and microeconomics, financial statement analysis, budgeting and forecasting, risk management, and corporate governance.

IIA-CIA-Part3 exam is designed to test candidates on their knowledge of business and risk management, governance, communication, and IT. IIA-CIA-Part3 Exam consists of 100 multiple-choice questions and is timed at two hours and forty-five minutes. To be eligible to take IIA-CIA-Part3 exam, candidates must have completed the CIA Part 1 and CIA Part 2 exams or have obtained other approved certifications.

IIA Business Knowledge for Internal Auditing Sample Questions (Q363-Q368):

NEW QUESTION # 363
The marketing department's proposal was finally accepted, and the marketing employees attended a class in using the report writer. Soon, the marketing analysts found that it was easier to download the data and manipulate it on their own desktop computers in spreadsheets than to perform all the data manipulation on the server. One analyst became highly skilled at downloading and wrote downloading command sequences for the other employees. When the analyst left the company for a better job, the department had problems making modifications to these command sequences. The department's problems are most likely due to inadequate:

A. Data backup.
B. Program testing.
C. Anti-virus software.
D. Documentation.

Answer: D

Explanation:
One risk of end-user computing is that documentation may be poor and that important knowledge may be limited to one person. The command sequences should have been documented so that other analysts could use and modify them readily.

NEW QUESTION # 364
Regulatory agencies usually do not have power to:

A. Impose agency taxes on private industry.
B. Issue rules and regulations.
C. Conduct hearings and decide whether violations have occurred.
D. Investigate violations of statutes and rules.

Answer: A

Explanation:
A regulatory agency may regulate some aspect of all industries or may regulate a specific industry in accordance with power delegated by the enabling legislation. Agency functions include executive, adjudicatory, and rule-making activities. Such agencies, however, may not impose taxes.

NEW QUESTION # 365
How is the letter x in the standard regression equation best described?

A. Independent Variable
B. Dependent Variable
C. Coefficient of determination
D. Constant coefficient

Answer: A

Explanation:
The letters x in the standard regression equation is the independent variable. For example, in a regression to determine the total cost of production, equal units produced. In preparing the annual profit plan for the coming year, Wilkens Company wants to determine the cost behavior pattern of the maintenance costs. Wilkens has decided to use linear regression by employing the equation = a + bx for maintenance costs. The prior year's data regarding maintenance hours and costs, and the results of the regression analysis, are given below and in the opposite column.

NEW QUESTION # 366
Using the information collected, the organization should focus on:

A. The number of computer complaints associated with CD-ROM problems and new software usage.
B. The total number of personal computer complaints that occurred.
C. The cost to alleviate all computer complaints.
D. The number of computer complaints associated with the lack of user knowledge and hardware problems.

Answer: D

Explanation:
Complaints based on lack of user knowledge and hardware problems are by far the most frequent according to this chart. Consequently, the company should devote its resources primarily to these issues. An organization has collected data on the complaints made by personal computer users and has categorized the complaints. An organization has collected data on the complaints made by personal computer users and has categorized the complaints.

NEW QUESTION # 367
Which of the following is the method of adding a standard markup to the cost of the product?

A. Penetration pricing.
B. Cost-based pricing.
C. Price skimming.
D. Going-rate pricing.

Answer: B

Explanation:
Cost-based pricing is a pricing method in which a standard markup or target profit is added to the cost of the product in determining the product's sales price.

NEW QUESTION # 368
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