View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q281. Which financial concept describes greater profit sensitivity caused by high fixed operating costs Liquidity Working capital Operating leverage Asset turnover Correct Answer: 3. Operating leverage Explanation Operating leverage describes how fixed operating costs affect the relationship between sales changes and operating profit changes. An […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q261. Which financial measure compares operating cash flow with capital spending needs Current ratio Debt ratio Free cash flow Inventory turnover Correct Answer: 3. Free cash flow Explanation Free cash flow represents cash generated by operations after considering required capital expenditures. It helps management assess […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q241. Which control helps ensure customer refunds are issued only for valid returns Data compression Refund authorization File archiving Network monitoring Correct Answer: 2. Refund authorization Explanation Refund authorization requires an appropriate employee or manager to approve customer refunds before payment or account adjustment occurs. […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q221. Which measure indicates how long inventory remains on hand before sale Current ratio Days inventory outstanding Debt ratio Return on assets Correct Answer: 2. Days inventory outstanding Explanation Days inventory outstanding estimates the average number of days inventory remains in the organization before being […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q201. Which financial measure shows the amount earned before interest and taxes Working capital Gross sales Operating profit Current assets Correct Answer: 3. Operating profit Explanation Operating profit represents earnings generated from normal business activities before interest and taxes are considered. It helps users evaluate […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q181. Which control helps ensure sensitive data is classified according to business importance File compression Password rotation Data classification policy Capacity planning Correct Answer: 3. Data classification policy Explanation A data classification policy establishes categories for information according to sensitivity importance and protection requirements. Organizations […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q161. Which control best detects unusual transactions outside normal business patterns Data encryption Exception reporting File compression Access provisioning Correct Answer: 2. Exception reporting Explanation Exception reporting identifies transactions or activities that fall outside established rules limits or expected patterns. Management and internal auditors can […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q141. Which financial ratio measures how efficiently receivables are collected Receivables turnover Debt ratio Current ratio Gross margin Correct Answer: 1. Receivables turnover Explanation Receivables turnover measures how efficiently an organization collects amounts owed by customers. It generally compares credit sales with average accounts receivable. […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q121. Which control best reduces the risk of unauthorized changes to payroll master data Data compression Daily backup Restricted update access Report printing Correct Answer: 3. Restricted update access Explanation Restricted update access limits payroll master data changes to authorized employees who have a legitimate […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q101. Which financial ratio measures the ability to cover short term liabilities using highly liquid assets Quick ratio Debt ratio Asset turnover Gross margin Correct Answer: 1. Quick ratio Explanation The quick ratio measures short term liquidity using assets that can generally be converted into […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q81. Which control best protects data from loss caused by equipment failure Password rotation Access logging Data classification Regular backups Correct Answer: 4. Regular backups Explanation Regular backups create recoverable copies of important information so data can be restored when hardware failure corruption accidental deletion […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q61. Which control best protects confidential data while it is transmitted across a network Data archiving Encryption Capacity planning File compression Correct Answer: 2. Encryption Explanation Encryption converts readable information into a protected form that unauthorized parties cannot easily understand without the appropriate key. Encrypting […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q41. Which governance document formally defines internal audit authority and responsibility Internal audit charter Annual budget Risk register Vendor contract Correct Answer: 1. Internal audit charter Explanation The internal audit charter formally defines the purpose authority and responsibility of the internal audit activity. It establishes […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q21. Which financial ratio measures the ability to pay interest from operating earnings Inventory turnover Times interest earned Current ratio Asset turnover Correct Answer: 2. Times interest earned Explanation Times interest earned measures how easily an organization can cover interest expense using operating earnings. It […]

View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q1. Which governance body has primary responsibility for overseeing organizational risk management External auditors Department supervisors Board of directors Operational employees Correct Answer: 3. Board of directors Explanation The board of directors has overall oversight responsibility for organizational governance and risk management. Management is responsible […]