IIA-CIA-Part3-3P Exam Practice Test Instant Access

Question 1

A manager has allowed a subordinate employee to have greater control and responsibility over the tasks that he performs. This is an example of which of the following?

AJob enlargement.

BJob enlargement.

CHorizontal loading of the job.

DJob rotation

Answer : A

Question 2

Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

AThe board has overall responsibility for the internal control processes associated with the CSR program.

BManagement has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with the CSR program.

CThe internal audit activity is responsible for ensuring that CSR principles are integrated into the
organization's policies and procedures.

DEvery employee has a responsibility for ensuring the success of the organization's CSR objectives.

Answer : D

Question 3

The following transactions and events occurred during the year:

- $300,000 of raw materials were purchased, of which $20,000 were returned because of defects

- $600,000 of direct labor costs were incurred.

- S750.000 of manufacturing overhead costs were incurred.

What is the organization's cost of goods sold for the year?

A$1.480.000

B$1 500 000

C$1,610.000

D$1650 000

Answer : B

Question 4

The board has requested that the internal audit activity be involved in all phases of the organization's outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization's right-to-audit clause is drafted effectively?

AImplementation and transition phase.

BMonitoring and reporting phase

CDecision-making and business-case phase.

DTendering and contracting phase.

Answer : D

Question 5

Which of the following standards would be most useful in evaluating the performance of a customer-service group?

AThe average time per customer inquiry should be kept to a minimum.

BCustomer complaints should be processed promptly.

CEmployees should maintain a positive attitude when dealing with customers.

DAll customer inquiries should be answered within seven days of receipt.

Answer : D

Question 6

Which of the following should internal auditors be attentive of when reviewing personal data consent and opt-in/opt-out management process?

AWhether customers are asked to renew their consent for their data processing at least quarterly.

BWhether private data is processed in accordance with the purpose for which the consent was obtained.

CWhether the organization has established explicit and entitywide policies on data transfer to third parties.

DWhether customers have an opportunity to opt-out the right to be forgotten from organizational records and systems.

Answer : B

Question 7

According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:

ARecognize that organizations use different techniques for managing risk.

BSeek assurance that the key objectives of the risk management processes are being met.

CDetermine and accept the level of risk for the organization.

DTreat the evaluation of risk management processes differently from the risk analysis used to plan audit engagements.

Answer : C

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