Free IIA-CIA-Part3 Exam Dumps

Question 101

- (Exam Topic 1)
Which stage in the industry life cycle is characterized by many different product variations?

A. Introduction.
B. Growth.
C. Maturity.
D. Decline.

Correct Answer:A

Question 102

- (Exam Topic 1)
An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?

A. Exception report identifying payment anomalies.
B. Documented policy and procedures.
C. Periodic account reconciliation of contractor charges.
D. Monthly management review of all contractor activity.

Correct Answer:B

Question 103

- (Exam Topic 1)
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.

A. 1 and 3.
B. 1 and 4.
C. 2 and 3.
D. 2 and 4.

Correct Answer:B

Question 104

- (Exam Topic 2)
Which of the following stages of contracting focuses on aligning the markets with objectives of the organization?

A. Initiation stage
B. Bidding stage
C. Development stage
D. Negotiation stage

Correct Answer:D

Question 105

- (Exam Topic 2)
According to IIA guidance on IT. which of the following plans would pair the identification of critical business processes with recovery time objectives?

A. The business continuity management charter.
B. The business continuity risk assessment plan
C. The business impact analysis plan
D. The business case for business continuity planning

Correct Answer:C