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IIA-CIA-Part3 Exam Dumps

Get All Certified Internal Auditor-Internal Audit Knowledge Elements Exam Questions with Validated Answers

IIA-CIA-Part3 Pack
Vendor: IIA
Exam Code: IIA-CIA-Part3
Exam Name: Certified Internal Auditor-Internal Audit Knowledge Elements
Exam Questions: 514
Last Updated: June 18, 2026
Related Certifications: Certified Internal Auditor
Exam Tags: Auditing Professional Internal AuditorsAudit Managers
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Free IIA IIA-CIA-Part3 Exam Actual Questions

Question No. 1

An internal auditor observed that the organization's disaster recovery solution will make use of a cold site in a town several miles away. Which of the following is likely to be a characteristic of this disaster recover/ solution?

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Correct Answer: C

Question No. 2

A new manager received computations of the internal rate of return regarding his project proposal. What should the manager compare the computation results to in order to determine whether the project is potentially acceptable?

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Correct Answer: C

Question No. 3

Capital budgeting involves choosing among various capital projects to find the one(s) that will maximize a company's return on its financial investment. Which of the following parties approves the capital budget?

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Correct Answer: A

Question No. 4

A organization finalized a contract in which a vendor is expected to design, procure, and construct a power substation for $3,000,000. In this scenario, the organization agreed to which of the following types of contracts?

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Correct Answer: B

Question No. 5

The head of the research arid development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?

1. Favorable labor efficiency variance.

2. Adverse labor rate variance.

3. Adverse labor efficiency variance.

4. Favorable labor rate variance.

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Correct Answer: A

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