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IIA-CIA-Part3 (Business Knowledge for Internal Auditing) Certification Exam is an essential certification for internal auditors looking to advance their careers and demonstrate their knowledge and expertise in the field of internal auditing. With its globally recognized credential, this certification is a valuable asset for any internal auditor looking to stand out in a competitive job market.

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IIA-CIA-Part3 exam covers a wide range of topics related to business knowledge for internal auditing. These topics include business acumen and understanding, financial management, risk management, and strategic management. IIA-CIA-Part3 exam is designed to test the abilities of individuals to apply their knowledge and skills in real-world scenarios.

IIA-CIA-Part3 exam, also known as the Business Knowledge for Internal Auditing exam, is one of the three exams required to obtain the Certified Internal Auditor (CIA) designation. IIA-CIA-Part3 Exam is designed to test the candidate's knowledge and understanding of business concepts, governance principles, risk management, and the role of internal auditing in an organization. The IIA-CIA-Part3 exam consists of 100 multiple-choice questions and is four hours long.

IIA Business Knowledge for Internal Auditing Sample Questions (Q480-Q485):

NEW QUESTION # 480
Which of the following best describes a transformational leader, as opposed to a transactional leader?

A. The leader searches for deviations from the rules and standards and intervenes when deviations exist.

B. The leader does not intervene to promote problem-solving

C. The leader intervenes only when performance standards are not met.

D. The leader intervenes to communicate high expectations.

Answer: D

NEW QUESTION # 481
Quality cost indices are often used to measure and analyze the cost of maintaining a given level of quality. One example of a quality cost index, which uses a direct labor base, is computed as:

The following quality cost data were collected for May and June:

Based upon these cost data, the quality cost index:

A. Increased 10 points from May to June.

B. Was unchanged from May to June.

C. Decreased four points from May to June.

D. Decreased 10 points from May to June.

Answer: C

Explanation:
The index for May was 40 [(US $4,000 + $6,000 + $12,000 + $14,000) + $90,000], and the index for June was 36 [(US $5,000 + $5,000 + $15,000 + $11.000) + $100,000].

NEW QUESTION # 482
What is the best course of action to take if a program takes longer than usual to load or execute?

A. Test the system by running a different application program.

B. Back up the hard disk files to floppies.

C. Reboot the system.

D. Run antivirus software.

Answer: D

Explanation:
The described condition is a symptom of a virus. Many viruses will spread and cause additional damage. Use of an appropriate antivirus program may identify and even eliminate a viral infection Ways to minimize computer virus risk in a networked system include restricted access, regularly updated passwords, periodic testing of systems with virus detection software, and the use of antivirus software on all shareware prior to introducing it into the network.

NEW QUESTION # 483
According to Herzberg's Two-Factor Theory of Motivation, which of the following is a factor mentioned most often by satisfied employees?

A. Salary

B. Achievement

C. Relationship with supervisor

D. Security.

Answer: B

NEW QUESTION # 484
All of the following are useful for forecasting the needed level of inventory except:

A. Internal accounting allocations of costs to different segments of the company.

B. Econometric modeling.

C. Information about seasonal variations in demand.

D. Knowledge of the behavior of business cycles.

Answer: A

Explanation:
Forecasts are the basis for business plans. Models are used in the forecasting process to make decisions that optimize future results. Internal accounting allocations of costs to different segments of the company are arbitrary assignments of already incurred costs that do not have anything to do with forecasting demand. An organization has collected data on the complaints made by personal computer users and has categorized the complaints.

NEW QUESTION # 485
......

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