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Pass Guaranteed Quiz 2025 IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing Newest Test Vce Free
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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 (Q276-Q281):
NEW QUESTION # 276
Which of the following application-based controls is an example of a programmed edit check?
- A. Input error correction.
- B. Reasonableness check.
- C. Transaction log.
- D. Authorization for access.
Answer: B
NEW QUESTION # 277
The purchase of treasury shares with an entity's surplus cash:
- A. Increases an entity's equity.
- B. Increases an entity's interest coverage ratio.
- C. Increases an entity's financial leverage.
- D. Dilutes an entity's earnings per share.
Answer: C
Explanation:
A purchase of treasury share involves a decrease in assets usually cash) and a corresponding decrease in shareholders' equity. Thus, equity is reduced and the debttoequity ratio and financial leverage increase.
NEW QUESTION # 278
The cost of goods sold under the specific identification method of inventory valuation is:
- A. US. $1,1z.1
- B. US $1.+1 ,1I
- C. US $1,'. 1
- D. US $1,:
Answer: B
Explanation:
Of the 800 units sold during the period, the 300 units said on March 15 were purchased on January 12 at a cost of US $2.00 per unit. The remaining 500 units were purchased on May 5 at a cost of US $2.20 per unit. The cost of goods sold under the specific identification method is therefore US $1.700 [(300 units x $2.00) +500 units ? $2.20)].
NEW QUESTION # 279
If A has 60 ordinary shares outstanding, it has a book value per share of approximately.
- A. US $5.00
- B. US $4.17
- C. US $1.67
- D. US $2.50
Answer: B
Explanation:
The book value per share for A equals the sum of ordinary shares and retained earnings, divided by the number of shares, or US $4.17 [($100 - $150) - 60].
NEW QUESTION # 280
An attacker, posing as a bank representative, convinced an employee to release certain, financial information that ultimately resulted in fraud. Which of the following best describes this cybersecurity risk?
- A. Shoulder suiting
- B. Phishing.
- C. Pharming,
- D. Social engineering.
Answer: B
NEW QUESTION # 281
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