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

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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: ines
Question 8

Which of the following is a disadvantage in a centralized organizational structure?

Options:

A.

Communication conflicts

B.

Slower decision making.

C.

Loss of economies of scale

D.

Vulnerabilities in sharing knowledge

Discussion
Question 9

At one organization, the specific terms of a contract require both the promisor end promise to sign the contract in the presence of an independent witness.

What is the primary role to the witness to these signatures?

Options:

A.

A witness verifies the quantities of the copies signed.

B.

A witness verifies that the contract was signed with the free consent of the promisor and promise.

C.

A witness ensures the completeness of the contract between the promisor and promise.

D.

A witness validates that the signatures on the contract were signed by tire promisor and promise.

Discussion
Question 10

An organization and its trading partner rely on a computer-to-computer exchange of digital business documents. Which of the following best describes this scenario?

Options:

A.

Use of a central processing unit

B.

Use of a database management system

C.

Use of a local area network

D.

Use of electronic data Interchange

Discussion
Question 11

During which phase of the contracting process ere contracts drafted for a proposed business activity?

Options:

A.

Initiation phase.

B.

Bidding phase

C.

Development phase

D.

Management phase

Discussion
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