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IIA IIA-CIA-Part3 Exam Overview:

Certification Vendor:IIA (The Institute of Internal Auditors)
Exam Name:Internal Audit Function
Exam Number:IIA-CIA-Part3
Exam Price:USD 280 (IIA Member) / USD 415 (Non-member) / USD 215 (Student)
Available Languages:Thai, English, German, Traditional Chinese, Japanese, Indonesian, Polish, Portuguese, Spanish, French, Simplified Chinese, Arabic, Korean, Turkish, Russian
Real Exam Qty:100
Passing Score:600 (scaled score out of 750)
Exam Format:Multiple Choice Questions
Related Certifications:Certified Internal Auditor (CIA)
Exam Duration:120 minutes
Certificate Validity Period:CIA certification requires ongoing CPE; exam scores valid for program window (typically 3 years)
Sample Questions:IIA IIA-CIA-Part3 Sample Questions
Exam Way:Computer-based testing at Pearson VUE test centers worldwide. As of May 28, 2025, online proctored testing has been discontinued; all exams must be taken in-person at authorized Pearson VUE testing centers.
Pre Condition:Candidates must have an active CIA program enrollment through The IIA's Certification Candidate Management System (CCMS). A bachelor's degree or equivalent is required for CIA certification. Part 3 can be taken in any order, but all three parts must be passed within the program eligibility window (typically 3 years from acceptance).
Official Syllabus URL:https://www.theiia.org/globalassets/certifications/cia-exam-syllabus/cia-part-3-syllabus.pdf

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IIA Internal Audit Function Sample Questions (Q662-Q667):

NEW QUESTION # 662
Which of the following statements is true regarding data backup?

Answer: A

Explanation:
A tape rotation schedule defines how often backup tapes are overwritten or archived, directly impacting data retention periods. This is essential for compliance, disaster recovery, and internal controls over data storage.
* Correct Answer (C - The Tape Rotation Schedule Affects How Long Data is Retained)
* Organizations use backup rotation schemes such as Grandfather-Father-Son (GFS), Tower of Hanoi, or FIFO (First-In-First-Out) to determine how long backups are kept before being overwritten.
* This impacts data retention policies, regulatory compliance, and recovery capabilities.
* The IIA's GTAG 10: Business Continuity Management discusses backup strategies and retention management.
* Why Other Options Are Incorrect:
* Option A (System backups should always be performed real-time):
* Real-time backups (continuous data protection) are useful but not always required.
Many businesses use scheduled backups instead.
* Option B (Backups should be stored in a secured location onsite for easy access):
* Best practice recommends offsite or cloud storage to protect against disasters like fire or cyberattacks.
* Option D (Backup media should be restored only in case of hardware or software failure):
* Backups may also be restored for audit purposes, compliance checks, or business continuity testing.
* GTAG 10: Business Continuity Management - Covers backup strategies, data retention, and disaster recovery.
* IIA Practice Guide: IT Controls - Discusses backup policies and risks in data management.
Step-by-Step Explanation:IIA References for Validation:Thus, the tape rotation schedule (C) is correct because it determines how long data is retained.


NEW QUESTION # 663
An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?

Answer: B


NEW QUESTION # 664
An organization's board of directors is particularly focused on positioning, the organization as a leader in the industry and beating the competition. Which of the following strategies offers the greatest alignment with the board's focus?

Answer: D

Explanation:
* Understanding Competitive Business Strategies:
* The board of directors' focus is on industry leadership and outperforming competitors.
* A strong research and development (R&D) strategy drives innovation, allowing the organization to introduce new and differentiated products that enhance competitive advantage
.
* Why Option C (Investment in R&D) Is Correct?
* R&D drives product innovation, helping the organization stay ahead of competitors.
* Investing in new technologies and unique product features differentiates the company and strengthens market leadership.
* IIA Standard 2120 - Risk Management supports evaluating strategic investments that enhance business growth and competitive positioning.
* Why Other Options Are Incorrect?
* Option A (Divesting unprofitable product lines):
* While divestment improves financial health, it does not directly contribute to market leadership.
* Option B (Increasing diversity of business units):
* Expanding into new business areas spreads risk but may not provide a focused competitive advantage in the primary industry.
* Option D (Relocating manufacturing to another country):
* Lowering costs improves efficiency, but it does not directly position the company as an industry leader.
* Investing in R&D aligns best with the board's goal of industry leadership and competitive advantage.
* IIA Standard 2120 supports strategic risk management and innovation investment.
Final Justification:IIA References:
* IPPF Standard 2120 - Risk Management (Strategic Investment & Competitive Advantage)
* COSO ERM - Business Growth & Innovation Risk Management
* Porter's Competitive Strategy Model - R&D as a Market Differentiator


NEW QUESTION # 665
Which of the following practices impacts copyright issues related to the manufacturer of a smart device?

Answer: D

Explanation:
Understanding Copyright Issues and Smart Devices:
Copyright laws protect software, firmware, and intellectual property embedded in smart devices.
Jailbreaking refers to modifying a device's software to remove manufacturer-imposed restrictions, often to install unauthorized third-party apps.
This violates software licensing agreements and may infringe on copyright protections under laws like the Digital Millennium Copyright Act (DMCA).
Why Option B (Jailbreaking) Is Correct?
Jailbreaking allows users to bypass manufacturer restrictions, potentially leading to unauthorized software distribution and copyright violations.
Manufacturers implement Digital Rights Management (DRM) to protect copyrighted firmware and software, which jailbreaking circumvents.
IIA Standard 2110 - Governance includes evaluating intellectual property risks and compliance in IT audits.
Why Other Options Are Incorrect?
Option A (Session hijacking):
This is a cybersecurity attack where a hacker takes control of a user session. It does not impact copyright laws.
Option C (Eavesdropping):
Eavesdropping refers to unauthorized network surveillance, which is a privacy issue, not a copyright issue.
Option D (Authentication):
Authentication is a security mechanism to verify user identity and has no direct relation to copyright concerns.
Jailbreaking bypasses copyright protections and violates software licensing agreements, making it the best answer.
IIA Standard 2110 emphasizes the importance of IT governance and compliance with intellectual property laws.
Final Justification:IIA References:
IPPF Standard 2110 - Governance (Intellectual Property & IT Compliance) ISO 27001 - IT Security & Digital Rights Protection Digital Millennium Copyright Act (DMCA) - Copyright Protection for Software


NEW QUESTION # 666
Which of the following conditions could lead an organization to enter into a new business through internal development rather than through acquisition?

Answer: A


NEW QUESTION # 667
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