Free Practice IIA IIA-CIA-Part3 Exam Questions 2025

Stay ahead with 100% Free Business Knowledge for Internal Auditing IIA-CIA-Part3 Dumps Practice Questions

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Total 628 Questions | Updated On: Jan 28, 2025

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Question 1

Which of the following is true regarding the COSO enterprise risk management framework?

A : The framework categorizes an organization's objectives to distinct, non overlapping objectives.

B : Control environment is one of the framework's eight components.

C : The framework facilitates effective risk management, even if objectives have not been established.

D : The framework integrates with, but is not dependent upon, the corresponding internal control framework.

Answer: D

Question 2

Which of the following best explains why an organization would enter into a capital lease contract?

A : To increase the ability to borrow additional funds from creditors.

B : To reduce the organization's free cash flow from operations.

C : To improve the organization's free cash flow from operations.

D : To acquire the asset at the end of the lease period at a price lower than the fair market value

Answer: D

Question 3

A manager at a publishing company received an email that appeared to be from one of her vendors with an attachment that contained malware embedded in an Excel spreadsheet. When the spreadsheet was opened, the cybercriminal was able to attack the company's network and gain access to an unpublished and highly anticipated book.

Which of the following controls would be most effective to prevent such an attack?

A : Monitoring network traffic.

B : Using whitelists and blacklists to manage network traffic.

C : Restricting access and blocking unauthorized access to the network.

D : Educating employees throughout the company to recognize phishing attacks.

Answer: D

Question 4

Which of the following actions illustrates the use of electronic data interchange?

A : Sending an invoice automatically from the supplier to the customer in a standard format.

B : Using an accounting software hosted on the cloud.

C : Transferring money using mobile phones.

D : Updating vendor master files using online real-time processing.

Answer: A

Question 5

Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?

A : In a regressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.

B : In a regressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.

C : In a progressive personal tax system, an individual's marginal tax rate is normally equal to his average tax rate.

D : In a progressive personal tax system, an individual's marginal tax rate is normally greater than his average tax rate.

Answer: D

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Total 628 Questions | Updated On: Jan 28, 2025

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