Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing Free Practice Exam Questions

259 real Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing exam questions with answers and AI explanations. IIA certification prep — page 16 of 26.

1. Question 154: Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and inv…
2. Question 155: Which of the following descriptions of the internal control system are indicators that risks are managed effectively? 1. Existing controls promote compliance w…
3. Question 156: Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?
4. Question 157: Which of the following standards would be most useful in evaluating the performance of a customer-service group?
5. Question 158: An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Whic…
6. Question 159: When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?
7. Question 160: The board of directors wants to implement an incentive program for senior management that is specifically tied to the long-term health of the organization. Whi…
8. Question 161: A small chain of grocery stores made a reporting error and understated its ending inventory. What effect would this have on the income statement for the follow…
9. Question 162: An organization's internal audit activity performed an engagement regarding recent contract bidding. Who should the internal audit activity meet with in order…
10. Question 163: An organization upgraded to a new accounting software. Which of the following activities should be performed by the IT software vendor immediately following th…