New Release IIA-CIA-Part3-3P CIA Questions

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

Question 41

Which of the following are typical responsibilities for operational management within a risk management program?

1) Implementing corrective actions to address process deficiencies.

2) Identifying shifts in the organization's risk management environment.

3)( Providing guidance and training on risk management processes.

4) Assessing the impact of mitigation strategies and activities.

1 and 2 only

1 and 4 only

2 and 3 only

3 and 4 only

Question 42

Within an enterprise, IT governance relates to the:

1) Alignment between the enterprise's IT long term plan and the organization's objectives.

2) Organizational structures of the company that are designed to ensure that IT supports the organization's strategies and objectives.

3) Operational plans established to support the IT strategies and objectives.

4) Role of the company's leadership in ensuring IT supports the organization's strategies and objectives.

1 and 2 only

3 and 4 only

1, 2, and 4 only

2, 3, and 4 only

Question 43

Under a value-added taxing system:

Businesses must pay a tax only if they make a profit.

The consumer ultimately bears the cost of the tax through higher prices.

Consumer savings are discouraged.

The amount of value added is the difference between an organization's sales and its cost of goods sold.

Question 44

Organizations use matrix management to accomplish which of the following?

To improve the chain of command.

To strengthen corporate headquarters.

To focus better on a single market.

To increase lateral communication.