Free IIA IIA-CIA-Part3 Exam Dumps and IIA-CIA-Part3 Exam Questions

Question No: 1

MultipleChoice

Which of the following best describes the lessee's accounting for operating and finance leases?

Options

AOperating
Finance

BNot capitalized
Capitalized

CCapitalized
Capitalized

DNot capitalized
Not capitalized
Capitalized
Not capitalized

Question No: 2

MultipleChoice

Preferred stock has [List A] like common stock and [List B] payment like bonds.

Options

AList A
List B

BA maturity date
fixed periodic

CNo maturity date
No fixed periodic

DA maturity date
No fixed periodic
No maturity date
A fixed periodic

Question No: 3

MultipleChoice

Countries X and Y both have freely floating exchange rate systems and an active trading relationship. If incomes [List A] in country X while all other factors remain unchanged, then the currency of country X will tend to [List B] relative to the currency of country Y.

Options

AList A
List B

BRise
Remain constant
Rise
Depreciate

CFall
Depreciate

DRemain constant
Appreciate

Question No: 4

MultipleChoice

According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization's social and environmental impact on the local community?

*Determine whether previous incidents have been reported, managed, and resolved.

*Determine whether a business contingency plan exists.

*Determine the extent of transparency in reporting.

*Determine whether a cost/benefit analysis was performed for all related projects.

Options

A1 and 3.

B1 and 4.

C2 and 3.

D2 and 4.

Question No: 5

MultipleChoice

Which of me following rs appfccaWe lo both a job order cost system and a process cost system?

Options

ATotal manufacturing costs are determined at the end of each period.

BCosts are summarized in a production cost repot for each department

CThree manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.

DThe unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

Question No: 6

MultipleChoice

Which of the following controls would be the most effective in preventing the disclosure of an organization s confidential electronic information?

Options

ANon-disclosure agreements between the firm and its employees

BLogs of user activity within the information system

CTwo-factor authentication for access into the information system

DLimited access to information based on employee duties

Question No: 7

MultipleChoice

What would be the effect it an organization paid one of its liabilities twice during the year in error?

Options

AAssets liabilities and owners' equity would be understated

BAssets net income and owners' equity would be unaffected

CAssets and liabilities would be understated

DAssets net income and owners' equity would be understated, but liabilities would be overstated

Question No: 8

MultipleChoice

International marketing activities often begin with:

Options

AStandardization.

BGlobal marketing.

CLimited exporting.

DDomestic marketing.

Question No: 9

MultipleChoice

What are the objectives of governance as defined by the Standards?

Options

AInform, direct, manage, and monitor.

BIdentify, assess, manage, and control.

COrganize, assign, authorize, and implement.

DAdd value, improve, assure, and conform.

Question No: 10

MultipleChoice

Which of the following best describes an objective for an audit of an environmental management system?

Options

ATo assess whether an annual control review is necessary.

BTo determine conformance with requirements and agreements.

CTo evaluate executive management oversight.

DTo promote environmental awareness.

Free IIA-CIA-Part3 Exam Dumps