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IIA-CIA-Part3 Questions and Answers

Question # 1

Which of the following statements is true regarding multi-report summaries for members of senior management and the board?

A.

Multi-report summaries should be used to describe the work performed by the internal audit function

B.

In developing multi-report summaries, internal auditors should use multi-row and multi-column tables

C.

Multi-report summaries are not useful to boards that see every engagement report

D.

Multi-report summaries are readily developed if each finding is rated

Question # 2

Which of the following is the most appropriate way to record each partner’s initial investment in a partnership?

A.

At the value agreed upon by the partners

B.

At book value

C.

At fair value

D.

At the original cost

Question # 3

A company produces water buckets with the following costs per bucket:

Direct labor = 82

Direct material = $5

Fixed manufacturing = 83.50

Variable manufacturing = 82.50

The water buckets are usually sold for $15. However, the company received a special order for 50.000 water buckets at 311 each.

Assuming there is adequate manufacturing capacity and ail other variables are constant , what is the relevant cost per unit to consider when deciding whether to accept this special order at the reduced price?

A.

$9.50

B.

$10.50

C.

$11

D.

$13

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IIA IIA-CIA-Part3 Exam Dumps FAQs

The IIA IIA-CIA-Part3 (CIA) exam consists of multiple-choice questions. Each question has four options, and candidates need to select the correct answer. The exam duration is 120 minutes.
The IIA IIA-CIA-Part3 exam focuses on a variety of areas including governance and business ethics, risk management, organizational structure, communication, leadership principles, information technology, and financial management. It assesses your knowledge of broader business processes and internal audit-related concepts.
Myexamcollection provides comprehensive IIA-CIA-Part3 exam dumps, practice test questions, and detailed answers that mirror the actual CIA exam environment. Our materials help you understand the question patterns, identify your weak areas, and reinforce your knowledge.
Yes, Myexamcollection offers IIA-CIA-Part3 exam questions and answers in PDF format, which you can download and study offline at your convenience.
We take pride in regularly updating our IIA-CIA-Part3 exam questions to align with the latest CIA Part 3 syllabus and question patterns. Our team constantly reviews new exam trends and feedback from successful candidates, ensuring that all materials remain current and accurate.

Yes. We provide preparation tips within our IIA-CIA-Part3 study guides, such as focusing on weaker areas first, simulating CIA Certification exam conditions with timed tests, and regularly reviewing all question sets. We also emphasize balancing theoretical knowledge with practical application.

Yes, we offer IIA-CIA-Part3 mock exams that simulate the actual exam environment. These IIA-CIA-Part3 practice tests help you assess your readiness and identify areas for improvement.
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