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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-07-07.q379 Dumps
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Question 261

A retail organization mistakenly did not include $10,000 of inventory in the physical count at the end of the year. What was the impact to the organization's financial statements?

Correct Answer: D
Reference: IIA Business Knowledge for Internal Auditing, Financial Statement Adjustments section.
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Question 262

The board of directors wants to implement an incentive program for senior management that is specifically tied to the long-term health of the organization. Which of the following methods of compensation would be best to achieve this goal?

Correct Answer: A
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Question 263

Which of the following attributes of data is the most significantly impacted by the internet of things?

Correct Answer: B
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Question 264

An entity borrows funds from its bank for a one-year period. The bank charges interest at a
nominal rate of 15% per annum, on a discount basis, and requires a 10% compensating balance. The effective annual interest rate on the loan is:

Correct Answer: C
Discount interest is subtracted before the loan proceeds are paid to the borrower.
A compensating balance is an amount that the borrower must keep on deposit with the lender. The effective annual interest rate is increased by both the discount interest arrangement and by the compensating balance requirement: The effective rate equals the nominal rate dividend by one minus the sum of the nominal rate and 'the compensating balance percentage, or 20% [.15 - 1.0 - .15 - .1 O)].
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Question 265

Listening effectiveness is best increased by:

Correct Answer: A
Explanation/Reference:
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