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Certification IIA-CIA-Part3 Sample Questions - IIA-CIA-Part3 Valid Test Tutorial

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IIA-CIA-Part3 exam is a comprehensive test that evaluates the candidate's ability to apply their knowledge of business concepts to the practice of internal auditing. IIA-CIA-Part3 Exam covers topics such as risk management, governance, ethics, and compliance. Candidates are expected to demonstrate their understanding of these concepts and how they relate to internal auditing processes.

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IIA-CIA-Part3 exam is a critical component of the CIA certification program and is essential for professionals who want to establish themselves as experts in the field of internal auditing. By passing IIA-CIA-Part3 Exam and earning the CIA certification, individuals can enhance their career prospects, demonstrate their knowledge and skills to potential employers and clients, and gain recognition as a leader in the field.

IIA Business Knowledge for Internal Auditing Sample Questions (Q411-Q416):

NEW QUESTION # 411
An organization's technician was granted a role that enables him to prioritize projects throughout the organization. Which type of authority will the technician most likely be exercising?

A. Legitimate authority
B. Coercive authority.
C. Referent authority.
D. Expert authority.

Answer: A

NEW QUESTION # 412
Which of the following characteristics applies to an organization that adopts a flat structure?

A. The hierarchy levels are more numerous.
B. The structure is dispersed geographically
C. The tower-level managers are encouraged to exercise creativity when solving problems
D. The span of control is wide

Answer: C

NEW QUESTION # 413
Which of the following financial instruments can be traded in international money markets?

A. U.S. Treasury bills.
B. Mortgages.
C. Preference shares.
D. U.S. Treasury bonds.

Answer: A

Explanation:
Funds are borrowed or lent for short periods less than one year) in money markets. Examples of instruments traded in money markets are U.S. Treasury bills, bankers' acceptances, commercial paper, negotiable certificates of deposit, money market mutual funds, Eurodollar market time deposits, and consumer, credit loans. Capital markets trade shares and long-term debt.

NEW QUESTION # 414
Which of the following recognized competitive strategies focuses on gaining efficiencies?

A. Cost leadership
B. Focus
C. Differentiation
D. Innovation

Answer: A

NEW QUESTION # 415
The correct order of the following steps of the accounting cycle is:

A. Posting, reversing, adjusting, closing.
B. Posting, adjusting. closing. Reversing
C. Adjusting, posting. closing. Reversing
D. Posting, closing, adjusting, reversing.

Answer: B

Explanation:
The order of the steps in the accounting cycle is identification and measurement of transactions and other events required to be recognized, journalization, posting from the journals to the ledgers, the development of a trial balance, adjustments to produce an adjusted trial balance. statement presentation, closing, taking a post closing trial balance optional), and making reversing enterprise optional).

On October 1, year 1, the entity paid us$ 18,000 to renew its only insurance policy for a 3year period beginning on that date this transaction has not been recorded. salaries and wages of us$1,700 have been incurred but not paid as of December 31,year1.at December 31,year 1,the balance per bank statement was US$12,000.outstanding cheaks amounted to US $,900.interest of US $40 was credited to the entity's account by the bank during December, but has not yet been entered on the books.

NEW QUESTION # 416
......

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