{"id":24564,"date":"2026-09-29T09:57:12","date_gmt":"2026-09-29T09:57:12","guid":{"rendered":"https:\/\/www.examlabs.com\/certification\/?p=24564"},"modified":"2026-09-29T09:57:12","modified_gmt":"2026-09-29T09:57:12","slug":"iia-iia-cia-part3-practice-test-questions-and-exam-dumps-part18-q341-360","status":"publish","type":"post","link":"https:\/\/www.examlabs.com\/certification\/iia-iia-cia-part3-practice-test-questions-and-exam-dumps-part18-q341-360\/","title":{"rendered":"IIA IIA-CIA-Part3 Practice Test Questions and Exam Dumps Part18 Q341-360"},"content":{"rendered":"

View Full <\/b>IIA IIA-CIA-Part3 Exam Dumps<\/b><\/a> and Practice Test Dumps.<\/b><\/p>\n


\n<\/b>Q341. Which financial ratio measures the ability to cover interest payments from earnings<\/b><\/p>\n

    \n
  1. <\/b> Current ratio<\/span><\/li>\n
  2. <\/b> Times interest earned<\/span><\/li>\n
  3. <\/b> Asset turnover<\/span><\/li>\n
  4. <\/b> Inventory turnover<\/span><\/li>\n<\/ol>\n

    Correct Answer: 2. Times interest earned<\/b><\/p>\n

    Explanation<\/b><\/p>\n

    Times interest earned measures the ability of an organization to cover interest expense using operating earnings before interest and taxes. A higher value generally indicates stronger capacity to meet interest obligations. Current ratio measures short term liquidity. Asset turnover evaluates how efficiently assets generate sales. Inventory turnover measures how quickly inventory is sold or used. Times interest earned is therefore the correct answer because it focuses specifically on debt service related to interest expense. Management creditors and auditors may review this measure when assessing financial stability borrowing capacity and the risks associated with existing debt obligations.<\/span><\/p>\n

    Q342. Which security control helps identify suspicious login attempts across many accounts<\/b><\/p>\n

      \n
    1. <\/b> Data compression<\/span><\/li>\n
    2. <\/b> File backup<\/span><\/li>\n
    3. <\/b> Capacity monitoring<\/span><\/li>\n
    4. <\/b> Security event monitoring<\/span><\/li>\n<\/ol>\n

      Correct Answer: 4. Security event monitoring<\/b><\/p>\n

      Explanation<\/b><\/p>\n

      Security event monitoring collects and analyzes login events system activity and other security information to identify suspicious patterns. Repeated failed logins unusual locations or attempts across many accounts can indicate credential attacks or unauthorized access. Data compression reduces storage requirements. File backup supports recovery. Capacity monitoring tracks technology resource use. Security event monitoring is therefore the correct answer because it provides visibility into potentially malicious authentication activity. Effective monitoring should include appropriate alert thresholds timely investigation reliable logs and escalation procedures so security personnel can respond quickly when unusual behavior is detected.<\/span><\/p>\n

      Q343. Which management concept assigns responsibility while allowing authority to perform the task<\/b><\/p>\n

        \n
      1. <\/b> Delegation<\/span><\/li>\n
      2. <\/b> Centralization<\/span><\/li>\n
      3. <\/b> Downsizing<\/span><\/li>\n
      4. <\/b> Benchmarking<\/span><\/li>\n<\/ol>\n

        Correct Answer: 1. Delegation<\/b><\/p>\n

        Explanation<\/b><\/p>\n

        Delegation assigns responsibility and sufficient authority to another person so a task or decision can be completed effectively. The manager who delegates generally retains overall accountability for the outcome. Centralization concentrates authority at higher organizational levels. Downsizing reduces organizational size. Benchmarking compares performance with standards or other organizations. Delegation is therefore the correct answer because employees need appropriate authority when they are expected to carry out assigned responsibilities. Effective delegation requires clear expectations suitable skills defined limits and monitoring so delegated activities remain aligned with organizational objectives and control requirements.<\/span><\/p>\n

        Q344. Which control best ensures inventory adjustments are supported by valid reasons<\/b><\/p>\n

          \n
        1. <\/b> Data encryption<\/span><\/li>\n
        2. <\/b> Network routing<\/span><\/li>\n
        3. <\/b> Adjustment approval<\/span><\/li>\n
        4. <\/b> File compression<\/span><\/li>\n<\/ol>\n

          Correct Answer: 3. Adjustment approval<\/b><\/p>\n

          Explanation<\/b><\/p>\n

          Adjustment approval requires an authorized person to review and approve changes to inventory records before or after they are posted according to policy. This helps prevent unsupported write offs quantity changes or fraudulent adjustments. Data encryption protects confidentiality. Network routing directs communication traffic. File compression reduces storage size. Adjustment approval is therefore the correct answer because inventory adjustments can affect both physical accountability and financial reporting. Strong controls may also include supporting documentation restricted posting access periodic inventory counts and review of unusual or high value adjustments for patterns requiring further investigation.<\/span><\/p>\n

          Q345. Which economic concept describes the benefit from producing one additional unit<\/b><\/p>\n

            \n
          1. <\/b> Marginal benefit<\/span><\/li>\n
          2. <\/b> Fixed benefit<\/span><\/li>\n
          3. <\/b> Sunk benefit<\/span><\/li>\n
          4. <\/b> Historical benefit<\/span><\/li>\n<\/ol>\n

            Correct Answer: 1. Marginal benefit<\/b><\/p>\n

            Explanation<\/b><\/p>\n

            Marginal benefit is the additional benefit gained from producing or consuming one more unit of an activity. Management may compare marginal benefit with marginal cost when deciding whether additional production or investment is worthwhile. Fixed benefit and sunk benefit are not standard concepts describing incremental value. Historical benefit refers generally to past results rather than the effect of one additional unit. Marginal benefit is therefore the correct answer because many economic decisions focus on whether the incremental value from another unit exceeds the incremental resources required to obtain it.<\/span><\/p>\n

            Q346. Which project document records issues that require action during project execution<\/b><\/p>\n

              \n
            1. <\/b> Organization chart<\/span><\/li>\n
            2. <\/b> Audit charter<\/span><\/li>\n
            3. <\/b> Cash budget<\/span><\/li>\n
            4. <\/b> Issue log<\/span><\/li>\n<\/ol>\n

              Correct Answer: 4. Issue log<\/b><\/p>\n

              Explanation<\/b><\/p>\n

              An issue log records current project problems that require investigation action or resolution. It can include the issue description owner priority status and target resolution date. An organization chart shows reporting relationships. An audit charter defines internal audit authority. A cash budget forecasts cash receipts and payments. Issue log is therefore the correct answer because project risks describe uncertain future events while issues are problems that have already occurred. Maintaining an updated issue log helps project management assign responsibility track progress and communicate unresolved matters to stakeholders in a structured manner.<\/span><\/p>\n

              Q347. Which control helps ensure only approved customers receive sales discounts<\/b><\/p>\n

                \n
              1. <\/b> File backup<\/span><\/li>\n
              2. <\/b> Discount authorization<\/span><\/li>\n
              3. <\/b> Data compression<\/span><\/li>\n
              4. <\/b> Network monitoring<\/span><\/li>\n<\/ol>\n

                Correct Answer: 2. Discount authorization<\/b><\/p>\n

                Explanation<\/b><\/p>\n

                Discount authorization requires appropriate approval before sales discounts outside normal terms are granted to customers. This helps prevent unauthorized reductions in revenue favoritism or fraudulent arrangements. File backup supports recovery. Data compression reduces storage requirements. Network monitoring observes technology traffic. Discount authorization is therefore the correct answer because special pricing can materially affect profitability and should be controlled according to defined authority levels. Organizations may also use automated pricing rules exception reports and periodic analysis of unusual discounts to identify transactions that require additional management review.<\/span><\/p>\n

                Q348. Which financial statement reports changes in owners equity during a period<\/b><\/p>\n

                  \n
                1. <\/b> Balance sheet<\/span><\/li>\n
                2. <\/b> Cash flow statement<\/span><\/li>\n
                3. <\/b> Statement of changes in equity<\/span><\/li>\n
                4. <\/b> Purchase report<\/span><\/li>\n<\/ol>\n

                  Correct Answer: 3. Statement of changes in equity<\/b><\/p>\n

                  Explanation<\/b><\/p>\n

                  The statement of changes in equity explains movements in owners equity during an accounting period. It may include net income owner contributions dividends distributions and other recognized changes. The balance sheet reports assets liabilities and equity at a specific date. The cash flow statement reports cash movements. A purchase report summarizes procurement activity. Statement of changes in equity is therefore the correct answer because it shows how the equity balance changed from the beginning to the end of the period and helps users understand the effects of profits losses and owner transactions.<\/span><\/p>\n

                  Q349. Which cyberattack redirects users to a fake site by manipulating name resolution<\/b><\/p>\n

                    \n
                  1. <\/b> Phishing<\/span><\/li>\n
                  2. <\/b> Keylogging<\/span><\/li>\n
                  3. <\/b> Denial of service<\/span><\/li>\n
                  4. <\/b> DNS poisoning<\/span><\/li>\n<\/ol>\n

                    Correct Answer: 4. DNS poisoning<\/b><\/p>\n

                    Explanation<\/b><\/p>\n

                    DNS poisoning manipulates name resolution information so users may be redirected from a legitimate destination to a malicious system. Attackers can use this technique to steal credentials distribute malware or intercept information. Phishing uses deceptive communications to trick users. Keylogging records keystrokes. Denial of service attempts to make resources unavailable. DNS poisoning is therefore the correct answer because it specifically targets the process that translates names into network addresses. Organizations can reduce risk through secure DNS configuration monitoring patching and protective technologies that validate or restrict unauthorized DNS changes.<\/span><\/p>\n

                    Q350. Which human resource measure tracks employee absence from scheduled work<\/b><\/p>\n

                      \n
                    1. <\/b> Absenteeism rate<\/span><\/li>\n
                    2. <\/b> Employee turnover<\/span><\/li>\n
                    3. <\/b> Productivity ratio<\/span><\/li>\n
                    4. <\/b> Market share<\/span><\/li>\n<\/ol>\n

                      Correct Answer: 1. Absenteeism rate<\/b><\/p>\n

                      Explanation<\/b><\/p>\n

                      Absenteeism rate measures the amount of scheduled work time employees miss during a period. High absenteeism can indicate workplace health morale attendance or management issues and may affect productivity and staffing requirements. Employee turnover measures how often employees leave the organization. Productivity compares output with resources used. Market share reflects competitive position. Absenteeism rate is therefore the correct answer because it focuses specifically on employee absence from scheduled work. Management should investigate significant trends carefully because legitimate illness workplace conditions or other factors may contribute to changes in attendance.<\/span><\/p>\n

                      Q351. Which audit technique compares a recorded balance with evidence from an independent third party<\/b><\/p>\n

                        \n
                      1. <\/b> Observation<\/span><\/li>\n
                      2. <\/b> Inquiry<\/span><\/li>\n
                      3. <\/b> Confirmation<\/span><\/li>\n
                      4. <\/b> Reperformance<\/span><\/li>\n<\/ol>\n

                        Correct Answer: 3. Confirmation<\/b><\/p>\n

                        Explanation<\/b><\/p>\n

                        Confirmation obtains evidence directly from an independent third party about information recorded by the organization. Examples include confirmations of bank balances receivables or other external relationships. Observation involves watching an activity. Inquiry involves asking questions. Reperformance means independently repeating a control or calculation. Confirmation is therefore the correct answer because independent external evidence can provide strong support for recorded balances or transactions. Auditors should maintain appropriate control over confirmation requests and responses so management cannot improperly influence the evidence received from the external party.<\/span><\/p>\n

                        Q352. Which control helps detect unusual employee expense claims<\/b><\/p>\n

                          \n
                        1. <\/b> Data archiving<\/span><\/li>\n
                        2. <\/b> Expense analytics<\/span><\/li>\n
                        3. <\/b> File compression<\/span><\/li>\n
                        4. <\/b> Password rotation<\/span><\/li>\n<\/ol>\n

                          Correct Answer: 2. Expense analytics<\/b><\/p>\n

                          Explanation<\/b><\/p>\n

                          Expense analytics examines employee reimbursement data for unusual patterns such as duplicate claims excessive amounts weekend transactions repeated vendors or spending outside policy limits. Data archiving stores older information. File compression reduces storage requirements. Password rotation changes authentication credentials. Expense analytics is therefore the correct answer because it can review large populations and highlight transactions requiring further investigation. Unusual activity does not automatically indicate fraud so management or auditors should examine supporting documentation and business explanations before reaching conclusions about identified exceptions.<\/span><\/p>\n

                          Q353. Which market strategy seeks to increase sales of current products in existing markets<\/b><\/p>\n

                            \n
                          1. <\/b> Market penetration<\/span><\/li>\n
                          2. <\/b> Market development<\/span><\/li>\n
                          3. <\/b> Diversification<\/span><\/li>\n
                          4. <\/b> Product development<\/span><\/li>\n<\/ol>\n

                            Correct Answer: 1. Market penetration<\/b><\/p>\n

                            Explanation<\/b><\/p>\n

                            Market penetration seeks to increase sales of existing products or services within markets the organization already serves. Management may use pricing promotion customer retention or expanded distribution to increase market share. Market development introduces existing products to new markets. Diversification enters new products and markets. Product development creates new offerings for existing or related customers. Market penetration is therefore the correct answer because the organization focuses on gaining more business from its current markets using its current offerings. Competition customer demand and capacity should be considered when pursuing this strategy.<\/span><\/p>\n

                            Q354. Which security control can automatically block known malicious software based on signatures<\/b><\/p>\n

                              \n
                            1. <\/b> Network routing<\/span><\/li>\n
                            2. <\/b> File archiving<\/span><\/li>\n
                            3. <\/b> Capacity planning<\/span><\/li>\n
                            4. <\/b> Antivirus software<\/span><\/li>\n<\/ol>\n

                              Correct Answer: 4. Antivirus software<\/b><\/p>\n

                              Explanation<\/b><\/p>\n

                              Antivirus software identifies and can block malicious programs using signatures behavioral analysis and other detection methods depending on the product. Network routing directs communication traffic. File archiving manages retained information. Capacity planning estimates future system resource needs. Antivirus software is therefore the correct answer because it is specifically designed to detect prevent and remove known or suspicious malware. Antivirus controls should be updated regularly and combined with secure configuration patch management user awareness backups and monitoring because no single malware control can identify every possible threat.<\/span><\/p>\n

                              Q355. Which financial ratio compares net income with total sales<\/b><\/p>\n

                                \n
                              1. <\/b> Current ratio<\/span><\/li>\n
                              2. <\/b> Net profit margin<\/span><\/li>\n
                              3. <\/b> Debt ratio<\/span><\/li>\n
                              4. <\/b> Asset turnover<\/span><\/li>\n<\/ol>\n

                                Correct Answer: 2. Net profit margin<\/b><\/p>\n

                                Explanation<\/b><\/p>\n

                                Net profit margin compares net income with sales revenue and indicates how much profit remains from each unit of revenue after relevant expenses have been recognized. Current ratio measures short term liquidity. Debt ratio measures financial leverage. Asset turnover measures how efficiently assets generate sales. Net profit margin is therefore the correct answer because it focuses on overall profitability relative to revenue. Significant changes can result from pricing cost management financing taxes product mix or other operating factors and should be interpreted together with supporting financial and business information.<\/span><\/p>\n

                                Q356. Which project activity formally confirms completed deliverables meet customer expectations<\/b><\/p>\n

                                  \n
                                1. <\/b> Risk identification<\/span><\/li>\n
                                2. <\/b> Resource leveling<\/span><\/li>\n
                                3. <\/b> Acceptance testing<\/span><\/li>\n
                                4. <\/b> Cost allocation<\/span><\/li>\n<\/ol>\n

                                  Correct Answer: 3. Acceptance testing<\/b><\/p>\n

                                  Explanation<\/b><\/p>\n

                                  Acceptance testing determines whether completed project deliverables satisfy agreed customer or user requirements before final approval. Risk identification finds potential project uncertainties. Resource leveling adjusts schedules to address resource constraints. Cost allocation assigns costs to activities or departments. Acceptance testing is therefore the correct answer because project outputs should be verified against predefined criteria before being formally accepted. Clear requirements and test criteria should be established early so stakeholders can evaluate the final deliverable objectively and identify any gaps requiring correction before project closure.<\/span><\/p>\n

                                  Q357. Which governance practice helps prevent management from withholding significant audit findings<\/b><\/p>\n

                                    \n
                                  1. <\/b> Direct internal audit access to the board<\/span><\/li>\n
                                  2. <\/b> Shared passwords<\/span><\/li>\n
                                  3. <\/b> Informal reporting only<\/span><\/li>\n
                                  4. <\/b> Management approval of all findings<\/span><\/li>\n<\/ol>\n

                                    Correct Answer: 4. Direct internal audit access to the board<\/b><\/p>\n

                                    Explanation<\/b><\/p>\n

                                    Direct internal audit access to the board allows significant audit issues to be communicated without inappropriate management restriction. This supports independence and helps ensure the governing body receives information needed for effective oversight. Shared passwords weaken accountability. Informal reporting only can reduce documentation. Requiring management approval of every finding could compromise internal audit objectivity. Direct internal audit access to the board is therefore the correct answer because important governance risk and control issues should be communicated to those responsible for oversight when necessary regardless of management preference.<\/span><\/p>\n

                                    Q358. Which process verifies that backups contain complete and usable information<\/b><\/p>\n

                                      \n
                                    1. <\/b> Backup restoration testing<\/span><\/li>\n
                                    2. <\/b> File compression<\/span><\/li>\n
                                    3. <\/b> Capacity forecasting<\/span><\/li>\n
                                    4. <\/b> Password review<\/span><\/li>\n<\/ol>\n

                                      Correct Answer: 1. Backup restoration testing<\/b><\/p>\n

                                      Explanation<\/b><\/p>\n

                                      Backup restoration testing verifies that backup copies can actually be used to restore complete and usable information. Creating backup files does not guarantee successful recovery because copies may be incomplete corrupted or improperly configured. File compression reduces storage use. Capacity forecasting estimates future technology needs. Password review examines authentication practices. Backup restoration testing is therefore the correct answer because the purpose of backups is recovery. Testing should reflect system criticality recovery objectives dependencies and the required restoration process so problems are discovered before an actual disruption occurs.<\/span><\/p>\n

                                      Q359. Which economic concept describes sensitivity of supply to changes in price<\/b><\/p>\n

                                        \n
                                      1. <\/b> Marginal utility<\/span><\/li>\n
                                      2. <\/b> Supply elasticity<\/span><\/li>\n
                                      3. <\/b> Opportunity cost<\/span><\/li>\n
                                      4. <\/b> Inflation<\/span><\/li>\n<\/ol>\n

                                        Correct Answer: 2. Supply elasticity<\/b><\/p>\n

                                        Explanation<\/b><\/p>\n

                                        Supply elasticity measures how strongly the quantity supplied changes when price changes. A more elastic supply response means producers can adjust output significantly when prices change. Marginal utility measures additional satisfaction from one more unit consumed. Opportunity cost is the benefit sacrificed by choosing another alternative. Inflation is a general rise in price levels. Supply elasticity is therefore the correct answer because it specifically evaluates the responsiveness of producers to price changes. Production capacity inventory availability time requirements and access to inputs can affect how elastic supply is in a market.<\/span><\/p>\n

                                        Q360. Which data analytics technique identifies records that do not conform to normal patterns<\/b><\/p>\n

                                          \n
                                        1. <\/b> Encryption<\/span><\/li>\n
                                        2. <\/b> Sampling<\/span><\/li>\n
                                        3. <\/b> Anomaly detection<\/span><\/li>\n
                                        4. <\/b> Archiving<\/span><\/li>\n<\/ol>\n

                                          Correct Answer: 3. Anomaly detection<\/b><\/p>\n

                                          Explanation<\/b><\/p>\n

                                          Anomaly detection identifies transactions or records that differ significantly from expected patterns. Internal auditors can use it to identify unusual payments user activity transactions or other data requiring additional investigation. Encryption protects confidentiality. Sampling selects a portion of a population. Archiving stores information for retention. Anomaly detection is therefore the correct answer because it focuses specifically on finding unusual behavior within large data sets. Anomalies do not automatically represent errors or fraud so auditors should evaluate the business context and obtain additional evidence before drawing conclusions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

                                          View Full IIA IIA-CIA-Part3 Exam Dumps and Practice Test Dumps. Q341. Which financial ratio measures the ability to cover interest payments from earnings Current ratio Times interest earned Asset turnover Inventory turnover Correct Answer: 2. Times interest earned Explanation Times interest earned measures the ability of an organization to cover interest expense using operating earnings […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1648,1647],"tags":[],"_links":{"self":[{"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/posts\/24564"}],"collection":[{"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/comments?post=24564"}],"version-history":[{"count":2,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/posts\/24564\/revisions"}],"predecessor-version":[{"id":24566,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/posts\/24564\/revisions\/24566"}],"wp:attachment":[{"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/media?parent=24564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/categories?post=24564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.examlabs.com\/certification\/wp-json\/wp\/v2\/tags?post=24564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}