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Exam Code: IIA-CIA-Part3
Exam Title: Certified Internal Auditor - Part 3, Business Analysis and Information Technology
Vendor: IIA
Exam Questions: 340
Last Updated: December 18th,2024

Question 1

- (Exam Topic 2)
While reviewing the contracts for a large city, the internal auditor learns that the organization contracted to perform trash collection is paid based on the number of bins emptied each week As a result, the city has minimal control over payments Which of the following actions should the auditor recommend to give the city greater control over payments?

A. Change the contract so payment is based on the distances traveled by the contractor during collection.
B. Renegotiate a lump-sum contract when the contract is up for renewal
C. Assign a city employee to verify the number of bins emptied each day
D. Require that the contractor provide supervisory review of the number of bins emptied each day

Correct Answer:B

Question 2

- (Exam Topic 2)
Which of the following is based on the concept that there is not one best leadership style and that successful leadership depends on a match between the leader, the situation, and the subordinate?

A. Attribute theory.
B. Path goal model
C. Life cycle model
D. Contingency theory

Correct Answer:D

Question 3

- (Exam Topic 1)
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

A. Interviewing the organization's employees.
B. Observing the organization's operations.
C. Reading the board's minutes.
D. Inspecting manuals and documents.

Correct Answer:C

Question 4

- (Exam Topic 1)
An internationally recognized brand name is an entrance barrier to new competitors because new competitors would:

A. Have to initiate a price war in order to enter the industry.
B. Face increased production costs.
C. Face increased marketing costs.
D. Face higher learning costs, which would increase fixed costs.

Correct Answer:C

Question 5

- (Exam Topic 1)
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:

A. Adequate segregation of duties between data processing controls and file security controls.
B. Documented procedures for remote job entry and for local data file retention.
C. Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
D. Established procedures to prevent and detect unauthorized changes to data files.

Correct Answer:B