IIA-CIA-Part3 Latest Exam Duration | Latest IIA-CIA-Part3 Braindumps Sheet
IIA-CIA-Part3 Latest Exam Duration | Latest IIA-CIA-Part3 Braindumps Sheet
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Latest IIA-CIA-Part3 Braindumps Sheet, IIA-CIA-Part3 Dumps PDF
The IIA-CIA-Part3 learning dumps from our company are very convenient for all people, including the convenient buying process, the download way and the study process and so on. Upon completion of your payment, you will receive the email from us in several minutes, and then you will have the right to use the Business Knowledge for Internal Auditing test guide from our company. In addition, there are three different versions for all people to choose. According to your actual situation, you can choose the suitable version from our IIA-CIA-Part3 study question. We believe that the suitable version will help you improve your learning efficiency. It will be very easy for you to pass the exam and get the certification. More importantly, your will spend less time on preparing for IIA-CIA-Part3 exam than other people.
IIA-CIA-Part3 exam covers a wide range of topics related to business knowledge for internal auditing. These topics include organizational structure, strategic planning, financial management, risk management, and governance. IIA-CIA-Part3 exam is designed to test the candidate's ability to apply these concepts in real-world situations. Candidates who successfully pass the exam will be able to demonstrate their expertise in these areas and will be better equipped to handle the challenges of internal auditing.
IIA-CIA-Part3 (Business Knowledge for Internal Auditing) Exam is an essential certification exam for internal auditors seeking to enhance their knowledge and skills in the field of business. IIA-CIA-Part3 Exam covers a broad range of business topics and is designed to test the candidate's ability to apply business concepts and principles to internal audit activities. Business Knowledge for Internal Auditing certification is recognized globally and is highly valued by employers, making it an excellent way for internal auditors to advance their careers.
IIA Business Knowledge for Internal Auditing Sample Questions (Q375-Q380):
NEW QUESTION # 375
To be more responsive to its customers, a bank wants a system that will permit account representatives to consolidate information about all the a-r-punts belonging to individual customers. Bank management is willing to experiment with different approach approaches because the requirements are evolving rapidly. The best development approach for this system is:
- A. Structured analysis and design technique.
- B. Prototyping.
- C. Hierarchy-input-process-output
- D. System development life cycle model.
Answer: B
Explanation:
Prototyping is an approach that involves creating a working model of the system requested, demonstrating it for the user, obtaining feedback. and making changes to the underlying code. This process repeats through several iterations until the user is satisfied with the system's functionality. Formerly, this approach was derided as being wasteful of resources and tending to produce unstable systems, but with vastly increased processing power and high-productivity development tools. prototyping can, in some cases, be an efficient means of systems development.
NEW QUESTION # 376
Just-in-time (JIT) inventory systems have been adopted by large manufacturers to minimize the carrying costs of inventories. Identify the primary vulnerability of JIT systems.
- A. Work stoppages.
- B. Implementation time.
- C. Materials supply contracts.
- D. Computer resources.
Answer: A
Explanation:
JIT minimizes inventory by relying on coordination with suppliers to provide deliveries when they are needed for production. Consequently, work stoppages are more likely due to stock outs, because the inventory buffer is reduced or eliminated.
NEW QUESTION # 377
Which of the following is a false statement about cost-based pricing?
- A. A cost-plus price equals the cost plus a markup.
- B. Variable casts may not be used as the basis for casts.
- C. A commonly used cost-plus pricing formula is to all a markup percentage to the total cost.
- D. Cast-based price should cover casts and provide the desired return an investment.
Answer: B
Explanation:
Cast-based pricing begins with a cast determination followed by setting a price that will recover the value chain costs and provide the desired return on investment. A cost-plus price equals the cost plus a markup. Cost may be defined in many ways. F last companies use either absorption manufacturing cost or total cost when calculating the price. Variable costs may be used as the basis for cost, but then fined costs must be covered by the markup.
NEW QUESTION # 378
On August 1 Jones leased property to Smith for a 5-year period. The annual US $20,000 lease payment is payable at the end of each year. The expected residual value at the end of the lease term is US $10,000. Jones's implicit interest rate is 12%. The cost of the property to Jones was US $50,000, which is the fair value at the lease date. The present value of an ordinary annuity of I for five periods is 3.605. The present value of I at the end of five periods is .567. At the inception of the lease, the recorded gross investment is:
- A. US $72.100
- B. US $100,000
- C. US $110,000
- D. US $90.000
Answer: C
Explanation:
For a finance lease, the lesser should record the gross investment in the lease at the undiscounted sum of the minimum payments the total of the lessee's required payments, excluding contingent rent and costs for services and taxes to be paid by and reimbursed to the lesser and any guaranteed residual value) and any Unguaranteed residual value. The gross investment is the same regardless of whether any residual value is guaranteed. The five periodic payments of US $20,000 equal US $100,000. The expected residual value including guaranteed and unguaranteed portions equals US $10,000. The gross investment should be US $110,000$100,000 + $10,000).
NEW QUESTION # 379
Which of the following security controls might prevent unauthorized access to sensitive data via an unattended workstation directly connected to a mainframe?
- A. Use of a screen saver.
- B. Automatic log-off of inactive users.
- C. Use of passwords to identify users.
- D. Encryption of data files.
Answer: B
Explanation:
Automatic log-off of inactive users is a utility that disconnects a workstation from the mainframe or server after a certain amount of time. Once the workstation has been disconnected, the user must log back into the system.
NEW QUESTION # 380
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