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IIA IIA-CIA-Part3-3P Based on Real Exam Environment

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Total 488 questions
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CIA Exam Part Three: Business Knowledge for Internal Auditing Questions and Answers

Question 13

Which of the following types of data analytics would be used by a hospital to determine which patients are likely to require readmittance for additional treatment?

Options:

A.

Predictive analytics

B.

Prescriptive analytics

C.

Descriptive analytics

D.

Diagnostic analytics

Question 14

An organization invests excess snort-term cash in trading securities. When of the following actions should an internal auditor take to test the valuation of those securities?

Options:

A.

Use the equity method to recalculate the investment carrying value

B.

Confirm the securities held by the broker

C.

Perform a calculation of premium or discount amortization.

D.

Compare the carrying value with current market quotations

Question 15

What would an internal auditor do to ensure that a process to mitigate risk is in place for the organization's change management process?

Options:

A.

Develop and enforce change policies to ensure employees are continually trained.

B.

Apply a risk-based approach and impose segregation of duties related to the change management process.

C.

Conduct a high-level threat analysis and implement a compensating control.

D.

Validate authorization, segregation of duties, testing of changes, and approval to move changes into production.

Question 16

An internal auditor has been approved lo gather data directly horn the organization's relational database management system tor data analyses To collect the data which of the Wowing is most important for the auditor to know?

Options:

A.

Structured query language

B.

Spreadsheet software such as Excel

C.

Data management system such as Oracle

D.

Basic web development

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Total 488 questions
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