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Passing the IIA-CIA-Part3 exam is a critical step towards obtaining the CIA certification and advancing in the internal auditing profession. Business Knowledge for Internal Auditing certification is highly valued by employers and demonstrates the candidate's commitment to excellence in the field of internal auditing. Furthermore, the knowledge gained from preparing for the exam can help internal auditors improve their business acumen and provide better value to their organizations.
IIA-CIA-Part3 Exam, also known as Business Knowledge for Internal Auditing, is an essential certification exam for internal auditors who want to demonstrate their extensive knowledge and skills in the field. IIA-CIA-Part3 Exam is conducted by the Institute of Internal Auditors (IIA) and is a crucial step towards obtaining the Certified Internal Auditor (CIA) designation. The IIA-CIA-Part3 Exam is designed to assess the candidate's understanding of business concepts, including risk management, organizational structure, governance, and financial management.
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To be eligible to sit for the IIA-CIA-Part3 Exam, candidates must have completed the IIA-CIA-Part1 and IIA-CIA-Part2 exams. The IIA-CIA-Part3 exam consists of 100 multiple-choice questions and is timed for 2.5 hours. The passing score for the exam is 600 out of 800. IIA Business Knowledge for Internal Auditing Sample Questions (Q105-Q110):NEW QUESTION # 105
Which of the following responsibilities would ordinary fall under the help desk function of an organization?
A. End-to -end security architecture design.
B. Physical hosting of mainframes and distributed servers
C. Management of infrastructure services, including network management.
D. Maintenance service items such as production support.
Answer: C
NEW QUESTION # 106
Which of the following storage options would give the organization the best chance of recovering data?
A. Encrypted reports on usage and database structure changes are stored on a cloud-based, secured database that is readily accessible.
B. Encrypted physical copies of the data, and their encryption keys are stored together at the organization and are readily available upon request.
C. Encrypted copies of the data are stored in a separate secure location a few hours away, while the encryption keys are stored at the organization and are readilyavailable.
D. Encrypted physical copies of the data are stored separately from their encryption keys, and both are held in secure locations a few hours away from the organization.
Answer: C
NEW QUESTION # 107
Which of the following is an example of a physical control?
A. Providing fire detection and suppression equipment
B. Keeping an offsite backup of the organization's critical data
C. Performing business continuity and disaster recovery planning
D. Establishing a physical security policy and promoting it throughout the organization
Answer: A
Explanation:
Reference: IIA Business Knowledge for Internal Auditing, Physical Controls section.
NEW QUESTION # 108
Which of the following IT disaster recovery plans includes a remote site designated for recovery with available space for basic services, such as internet and telecommunications, but does not have servers or infrastructure equipment?
A. Cold site
B. Hot site
C. Frozen site
D. Warm site
Answer: A
NEW QUESTION # 109
An entity has publicly announced a detailed, formal plan to dispose in its entirety of a component of the entity that represents a separate major line of business that is distinct operationally and financially. Which of the following is the proper treatment of the disclosures that should be made after the announcement?
A. As a prior-period item.
B. As an extraordinary item.
C. As a discontinued operation.
D. As part of continuing operations.
Answer: C
Explanation:
A separate major line of business or geographical operating area that is distinct for operational and reporting purposes is a component of an entity. Thus, its disposal qualifies to be reported.