Efficient 100% Free IIA-CIA-Part3–100% Free Reliable Exam Papers | New IIA-CIA-Part3 Test Experience
Efficient 100% Free IIA-CIA-Part3–100% Free Reliable Exam Papers | New IIA-CIA-Part3 Test Experience
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In this social-cultural environment, the IIA-CIA-Part3 certificates mean a lot especially for exam candidates like you. To some extent, these IIA-CIA-Part3 certificates may determine your future. With respect to your worries about the practice exam, we recommend our IIA-CIA-Part3 Preparation materials which have a strong bearing on the outcomes dramatically. For a better understanding of their features, please follow our website and try on them.
IIA-CIA-Part3 exam is the third part of the Certified Internal Auditor (CIA) certification program. This program is recognized globally as the standard for internal auditors and is highly valued by employers. The CIA certification program consists of three parts, with the IIA-CIA-Part3 Exam being the final part. Candidates must pass all three parts of the exam to receive the CIA certification.
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Prerequisites of IIA CIA Part 3 Exam
IIA CIA Part 3 Prerequisites - Bachelor's degree from an accredited college or university or a non-U.S. equivalent, at least five years of professional experience in internal auditing, and have attained the age of 21. Or have a combination of education and/or professional experience that provides for the same level of knowledge.
IIA CIA Experience Requirements - At least two years of professional experience in internal auditing, governance, risk management, control, or related experience in one or more areas examined by the CIA exam.
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Comprehensive Review for the IIA-CIA-Part3 Exams Questions
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IIA Business Knowledge for Internal Auditing Sample Questions (Q385-Q390):
NEW QUESTION # 385
During a review of the accounts payable process, an internal auditor gathered all of the vendor payment transactions for the past 24 months. The auditor then used an Analytics tool to identify the top five vendors that received the highest sum of payments. Which of the following analytics techniques did the auditor apply?
- A. Data analysis.
- B. Process mining
- C. Process analysis
- D. Data mining
Answer: A
NEW QUESTION # 386
The gross domestic product GDP) does not measure:
- A. Market-oriented activity.
- B. The size of national output.
- C. National economic performance.
- D. Improvements in product quality.
Answer: D
Explanation:
GDP is the total market value of all final goods and services produced within the
boundaries of the U.S. in one year, without regard to ownership of the means of production.
It is a monetary measure of quantitative data, not qualitative characteristics.
Thus, improvements in product quality are not measured by GDP.
NEW QUESTION # 387
The number of shares the entity had outstanding for the year, for the purpose of computing basic earnings per share (BEPS), is:
- A. 65,000
- B. 70,000
- C. 79,000
- D. 76,000
Answer: D
Explanation:
The weighted-average number of shares outstanding for the year 76,000 shares) is used in the BEPS calculation.
NEW QUESTION # 388
Which of the following will allow a manufacturer with limited resources to maximize profits?
- A. Exponential smoothing.
- B. The Delphi technique.
- C. Linear programming.
- D. Regression analysis.
Answer: C
Explanation:
Linear programming is a technique used to optimize an objective function, that is, to maximize a revenue or profit function or to minimize a cost function, subject to constraints, e.g., limited scarce) resources or minimum/maximum levels of production, performance, etc.
In business, linear programming is used for planning resource allocations. Managers are often faced with problems of selecting the most profitable or least costly way to use available resources.
NEW QUESTION # 389
The EOQ economic order quantity) model calculates the cost-minimizing quantity of a product to order, based an a constant annual demand, carrying costs per unit per annum, and cost per order. For example, the EOQ is approximately 447 units if the annual demand is 10,000 units, carrying costs are US $1 per item per annum, and the cost of placing an order is US $10. What will the EOQ be if the demand falls to 5,000 units per annum and the carrying and ordering costs remain at US $1 and US $10, respectively?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
The ECQ formula is
X = (2AD/K)1/2
NEW QUESTION # 390
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