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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-10-13.q454 Dumps
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Question 71

An organization is considering integration of governance, risk., and compliance (GRC) activities into a centralized technology-based resource. In implementing this GRC resource, which of the following is a key enterprise governance concern that should be fulfilled by the final product?

Correct Answer: B
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Question 72

In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?

Correct Answer: A
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Question 73

Cash interest payments in Year 2 were:

Correct Answer: B
The interest payable credited in Year 1 was US $15,000$20,000 interest expense - $5,000 amortized bond discount). Thus. the cash interest payment was US $12,000$8,000 beginning interest payable + $15,000 interest payable credited in Year 1 - $11.000 ending interest payable).
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Question 74

Governments most likely restrict trade in the long run to:
I. Help foster new industries.
II. Protect declining industries.
III. Increase tax revenues.
IV.
Foster national security.

Correct Answer: B
Governmental impediments to global competition are generally imposed for the announced purpose of protecting local entities and jobs and developing new industries.
They also may have the effect of raising revenue in the short run. In the long run, tax and revenues will decline because of reduced trade. Examples of governmental impediments are tariffs; duties; quotas; domestic content rules; preferences for local entities regarding procurement, taxes. R&D, labor regulations, and other operating rules; and laws e.g., anti bribery or tax) enacted by a national government that impede national entities from competing globally. These impediments are most likely when industries are viewed as crucial.
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Question 75

Application control objectives do not normally include assurance that:

Correct Answer: C
Application controls provide reasonable assurance that the recording, processing, and reporting of data are properly performed. Review and approval procedures for new systems are among the general controls known as system software acquisition and maintenance controls.
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