IIA-CIA-Part3-3P Exam Questions Instant Access

Question 1

Which of the following statements about matrix organizations is false?

AIn a matrix organization, conflict between functional and product managers may arise.

BIn a matrix organization, staff under dual command is more likely to suffer stress at work.

CMatrix organizations offer the advantage of greater flexibility.

DMatrix organizations minimize costs and simplify communication.

Answer : D

Question 2

Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered:

Activity Level -

Maintenance Cost

Month

Patient Days

January

5,600

$7,900

February

7,100

$8,500

March

5,000

$7,400

April

6,500

$8,200

May

7,300

$9,100

June

8,000

$9,800

If the cost of maintenance is expressed in an equation, what is the independent variable for this data?

AFixed cost.

BVariable cost.

CTotal maintenance cost.

DPatient days.

Answer : D

Question 3

Which of the following stages of group development is associated with accepting team responsibilities?

AForming stage.

BPerforming stage.

CNorming stage.

DStorming stage.

Answer : C

Question 4

A small software development firm designs and produces custom applications for businesses. The application development team consists of employees from multiple departments who all report to a single project manager.

Which of the following organizational structures does this situation represent?

AFunctional departmentalization.

BProduct departmentalization.

CMatrix organization.

DDivisional organization.

Answer : A

Question 5

Which of the following is most important for an internal auditor to check with regard to the database version?

AVerify whether the organization uses the most recent database software version

BVerify whether the database software version is supported by the vendor.

CVerify whether the database software version has been recently upgraded

DVerify whether access to database version information is appropriately restricted

Answer : D

Question 6

Which of the following statements are true regarding the use of heat maps as risk assessment tools?

1. They focus primarily on known risks, limiting the ability to identify new risks.

2. They rely heavily on objective assessments and related risk tolerances.

3. They are too complex to provide an easily understandable view of key risks.

4. They are helpful but limited in value in a rapidly changing environment.

A1 and 2 only

B1 and 4 only

C2 and 3 only

D3 and 4 only

Answer : B

Question 7

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?

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

2) Determine whether a business contingency plan exists.

3) Determine the extent of transparency in reporting.

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

A1 and 3.

B1 and 4.

C2 and 3.

D2 and 4.

Answer : A

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Exam Questions