2025 Valid IIA-CIA-Part3-3P Exam Updates – 2025 Study Guide [Q87-Q108]

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2025 Valid IIA-CIA-Part3-3P Exam Updates – 2025 Study Guide

IIA-CIA-Part3-3P Certification – The Ultimate Guide [Updated 2025]

IIA-CIA-Part3-3P certification exam is designed for individuals who wish to become certified internal auditors. IIA-CIA-Part3-3P exam is the third part of the CIA (Certified Internal Auditor) exam series and focuses on business knowledge for internal auditing. IIA-CIA-Part3-3P exam covers topics such as financial management, communication skills, risk management, governance, and ethics. It is intended for individuals who have already passed the first two parts of the CIA exam and have acquired basic knowledge of internal auditing.

IIA-CIA-Part3-3P certification exam is a crucial step in the career of anyone who wants to become a certified internal auditor. CIA Exam Part Three: Business Knowledge for Internal Auditing certification exam focuses on the business knowledge necessary for internal auditing. IIA-CIA-Part3-3P exam is designed to test the candidate’s understanding of fundamental business concepts and how they relate to internal auditing. IIA-CIA-Part3-3P exam is divided into three sections, each focusing on a different aspect of business knowledge.

NEW QUESTION 87
An internal auditor computed that one of the organization’s accounting divisions is processing 30 travel reports per hour while another accounting division is processing 22 travel reports per hour.
Which of the following efficiency measures did the internal auditor most likely employ?

Asset efficiency rate.

Productivity rate.

Resource utilization rate.

Operating rate.

NEW QUESTION 88
If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

NEW QUESTION 89
Which of the following is a primary objective of the theory of constraints?

Full or near capacity in processes.

Smooth workflow among processes.

Few or no defects.

Lowered inventory levels.

NEW QUESTION 90
Which of the following is the first step an internal audit activity should undertake when executing a data analytics process?

Conduct a risk assessment regarding the effectiveness of the data analytics process.

Analyze possible and available sources of raw data

Define the purpose and the anticipated value

Select data for cleaning and normalization procedures.

NEW QUESTION 91
Which of the following risks is best addressed by encryption?

Information integrity risk.

Privacy risk

Access risk

Software risk

NEW QUESTION 92
Which of the following devices best controls both physical and logical access to information systems?

Plenum.

Biometric lock.

Electromechanical lock.

Identification card.

NEW QUESTION 93
Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?

Market price.

Negotiation-based.

Full absorption cost

Variable cost

NEW QUESTION 94
Which of the following is a logical access control designed to enhance the security of a computer-based application system?

User accounts will be locked alter three unsuccessful attempts to access the system

Users will not be allowed to use any of their last five passwords to access the system

Users will be assigned rights to access the system based on their job responsibilities

Users will automatically lose access to the system after 15 minutes of inactivity

NEW QUESTION 95
Which of the following statements is true regarding outsourced business processes?

Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.

The system of internal controls may be better and more efficient when the business process is

The key controls of outsourced business processes typically are more difficult to audit because they are designed and managed externally.

Generally, independence is improved when the internal audit activity reviews outsourced business processes.

outsourced compared to internally sourced.

NEW QUESTION 96
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?

Fixed cost.

Variable cost.

Total maintenance cost.

Patient days.

NEW QUESTION 97
During which phase of the contacting process ate contracts drafted for a proposed business activity?

Initiation phase

Bidding phase

Development phase

Management phase

NEW QUESTION 98
Which of the following best describes a market signal?

The bargaining power of buyers is forcing a drop in market prices.

There is pressure from the competitor’s substitute products.

Strategic analysis by the organization indicates feasibility of expanding to new market niches.

The competitor announces a new warranty program.

NEW QUESTION 99
Which of the following is always true regarding the use of encryption algorithms based on public key infrastructure (PKI)?

PKI uses an independent administrator to manage the public key.

The public key is authenticated against reliable third-party identification.

PKI’s public accessibility allows it to be used readily for e-commerce.

The private key uniquely authenticates each party to a transaction.

NEW QUESTION 100
A remote location contains a data center with hardware available to support critical production systems as required in the recovery plan IT personnel periodically test and update systems at the data center. This is an example of which of the following recovery solutions?

Cold recovery plan

Critical recovery plan

Warm recovery plan

Tested recovery plan

NEW QUESTION 101
Which of the following statements is true regarding a bring-your-own-device (BYOD) environment?

There is a greater need Kr organizations to rely on users to comply with policies and procedures.

With fewer devices owned by the organization, there is reduced need to maintain documented policies and procedures.

Incident response times are less critical in the BYOD environment. compared to a traditional environment

There is greater sharing of operational risk in a BYOD environment.

NEW QUESTION 102
The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:

Use an aging schedule to more closely estimate uncollectible accounts.

Eliminate the need for an allowance for doubtful accounts.

Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.

Use a method that approximates the matching principle.

NEW QUESTION 103
The first stage in the development of a crisis management program is to:

Formulate contingency plans.

Conduct a risk analysis.

Create a crisis management team.

Practice the response to a crisis.

NEW QUESTION 104
If a bank’s activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?

Product departmentalization.

Process departmentalization.

Functional departmentalization.

Customer departmentalization.

NEW QUESTION 105
An organization accumulated the following data for the prior fiscal year:
Value of Percentage of
Quarter
Output Produced
Cost X
1
$4,750,000
2.9
2
$4,700,000
3.0
3
$4,350,000
3.2
4
$4,000,000
3.5
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?

Cost X is a variable cost.

Cost X is a fixed cost.

Cost X is a semi-fixed cost.

Cost X and the value of Output Produced are unrelated.

NEW QUESTION 106
Which of the following descriptions of the internal control system are indicators that risks are managed effectively?
1) Existing controls promote compliance with applicable laws and regulations.
2) The control environment is designed to address all identified risks to the organization.
3) Key controls for significant risks to the organization remain consistent over time.
4) Monitoring systems are in place to alert management to unexpected events.

1 and 3.

1 and 4.

2 and 3.

2 and 4.

NEW QUESTION 107
An internal auditor for a pharmaceutical company is planning a cybersecurity audit and conducting a risk assessment.
Which of the following would be considered the most significant cyber threat to the organization?

Cybercriminals hacking into the organization’s time and expense system to collect employee personal data.

A denial-of-service attack that prevents access to the organization’s website.

Hackers breaching the organization’s network to access research and development reports.

A hacker accessing the financial information of the company.

NEW QUESTION 108
Which of the following is an example of an application system control?

Data values fall within a prescribed range.

Error listings are generated and promptly remediated.

Report distribution is restricted to authorized personnel.

Field amounts contain an upper or lower limit.

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2025 Valid IIA-CIA-Part3-3P Exam Updates – 2025 Study Guide [Q87-Q108]

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