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IIA Updated IIA-CIA-Part3 Exam Questions and Answers by ariyan

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IIA IIA-CIA-Part3 Exam Overview :

Exam Name: Business Knowledge for Internal Auditing
Exam Code: IIA-CIA-Part3 Dumps
Vendor: IIA Certification: CIA
Questions: 416 Q&A's Shared By: ariyan
Question 112

Which of the following is an example of a contingent liability that a company should record?

Options:

A.

A potential assessment of additional income tax.

B.

Possible product warranty costs.

C.

The threat of a lawsuit by a competitor.

D.

The remote possibility of a contract breach.

Discussion
Question 113

Which of the following performance measures disincentives engaging in earnings management?

Options:

A.

Linking performance to profitability measures such as return on investment.

B.

Linking performance to the stock price.

C.

Linking performance to quotas such as units produced.

D.

Linking performance to nonfinancial measures such as customer satisfaction and employees training

Discussion
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Question 114

Which of the following attributes of data is the most significantly impacted by the internet of things?

Options:

A.

Normalization

B.

Velocity

C.

Structuration

D.

Veracity

Discussion
Question 115

Which of the following statements is true concerning the basic accounting treatment of a partnership?

Options:

A.

The initial investment of each partner should be recorded at book value.

B.

The ownership ratio identifies the basis for dividing net income and net toss.

C.

A partner's capital only changes due to net income or net loss.

D.

The basis for sharing net incomes or net kisses must be fixed.

Discussion
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