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IIA-CIA-Part3 Exam Dumps : Business Knowledge for Internal Auditing

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Business Knowledge for Internal Auditing Questions and Answers

Question 1

How do data analysis technologies affect internal audit testing?

Options:

A.

They improve the effectiveness of spot check testing techniques.

B.

They allow greater insight into high risk areas.

C.

They reduce the overall scope of the audit engagement,

D.

They increase the internal auditor's objectivity.

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Question 2

Which of the following is an advantage of a decentralized organizational structure, as opposed to a centralized structure?

Options:

A.

Greater cost-effectiveness

B.

Increased economies of scale

C.

Larger talent pool

D.

Strong internal controls

Question 3

The budgeted cost of work performed is a metric best used to measure which project management activity?

Options:

A.

Resource planning.

B.

Cost estimating

C.

Cost budgeting.

D.

Cost control.