IIA Certified Internal Auditor - Part 3, Business Analysis and Information Technology IIA-CIA-PART3-3P Dumps in PDF

Free IIA IIA-CIA-PART3-3P Real Questions (page: 42)

What ensures that a company is complying with the documented quality management system
QMS: procedures and ISO 9000 standards?

  1. The internal audit.
  2. The registrar.
  3. On-site inspections by an external auditor.
  4. Management commitment.

Answer(s): A

Explanation:

An important requirement of the ISO 9000 standards is the internal audit system. Internal audits assure that the company is complying with the documented QMS procedures and ISO 9000 standards.



Which of the following is a major element of the ISO 9000:2008 quality management system standards?

  1. The principle that improved employee satisfaction will lead to increased productivity.
  2. The attitude and actions of the board and management regarding the significance of control within the organization.
  3. The assessment of the risk that objectives are not achieved.
  4. A requirement for organizations to monitor information on customer satisfaction as a measure of performance.

Answer(s): D

Explanation:

ISO 9001:2008, Quality Management Systems-- Requirements s, is the standard that provides a model for quality assurance programs. Organizations are required to monitor information on customer satisfaction as a measure of performance.



What coefficient of correlation results from the following data?

  1. 0
  2. ­1
  3. +1
  4. Cannot be determined from the data given.

Answer(s): B

Explanation:

The coefficient of correlation in standard notation, r) measures the strength of the linear relationship. The magnitude of r is independent of the scales of measurement of and Y. Its range is -1 .0 to 1 .0. A value of -1 .0 indicates a perfectly inverse linear relationship between and Y. A value of zero indicates no linear relationship between and Y. A value of +1 .0 indicates a perfectly direct relationship between and Y. As increases by 1, consistently decreases by 2. Hence, a perfectly inverse relationship exists, and r must be equal to ­1 .0.



In regression analysis, which of the following correlation coefficients represents the strongest relationship between the independent and dependent variables?

  1. 1.03
  2. -.02
  3. -.89
  4. .75

Answer(s): C

Explanation:

Because the range of values is between -1.0 and 1_0, -.89 suggests a very strong inverse relationship between the independent and dependent variables. A value of -1.0 signifies a perfect inverse relationship, and a value of 1.0 signifies a perfect direct relationship.



The internal auditor of a bank has developed a multiple regression model which has been used for a number of gears to estimate the amount of interest income from commercial loans.
During the current year, the auditor applies the model and discovers that the r2 value has decreased dramatically, but the model otherwise seems to be working okay.
Which of the following conclusions is justified by the change?

  1. Changing to a cross-sectional regression analysis should cause r- to increase.
  2. Regression analysis is no longer an appropriate technique to estimate interest income.
  3. Some new factors not included in the model are causing interest income to change.
  4. A linear regression analysis would increase the model's reliability.

Answer(s): C

Explanation:

The coefficient of determination r-) is the amount of variation in the dependent variable interest income) that is explained by the independent variables. In this case, less of the change in interest income is explained by the model. Thus, some other factor must be causing interest income to change. This change merits audit investigation. In preparing the annual profit plan for the coming year, Wilkens Company wants to determine the cost behavior pattern of the maintenance costs. Wilkens has decided to use linear regression by employing the equation = a + bx for maintenance costs. The prior year's data regarding maintenance hours and costs, and the results of the regression analysis, are given below and in the opposite column.



Share your comments for IIA IIA-CIA-PART3-3P exam with other users:

S
susan sandivore
8/28/2023 1:00:00 AM

thanks for the dump

A
Aderonke
10/31/2023 12:51:00 AM

fantastic assessments

P
Priscila
7/22/2022 9:59:00 AM

i find the xengine test engine simulator to be more fun than reading from pdf.

S
suresh
12/16/2023 10:54:00 PM

nice document

W
Wali
6/4/2023 10:07:00 PM

thank you for making the questions and answers intractive and selectable.

N
Nawaz
7/18/2023 1:10:00 AM

answers are correct?

D
das
6/23/2023 7:57:00 AM

can i belive this dump

S
Sanjay
10/15/2023 1:34:00 PM

great site to practice for sitecore exam

J
jaya
12/17/2023 8:36:00 AM

good for students

B
Bsmaind
8/20/2023 9:23:00 AM

nice practice dumps

K
kumar
11/15/2023 11:24:00 AM

nokia 4a0-114 dumps

V
Vetri
10/3/2023 12:59:00 AM

great content and wonderful to have the answers with explanation

R
Ranjith
8/21/2023 3:39:00 PM

for question #118, the answer is option c. the screen shot is showing the drop down, but the answer is marked incorrectly please update . thanks for sharing such nice questions.

E
Eduardo Ramírez
12/11/2023 9:55:00 PM

the correct answer for the question 29 is d.

D
Dass
11/2/2023 7:43:00 AM

question no 22: correct answers: bc, 1 per session 1 per page 1 per component always

R
Reddy
12/14/2023 2:42:00 AM

these are pretty useful

D
Daisy Delgado
1/9/2023 1:05:00 PM

awesome

A
Atif
6/13/2023 4:09:00 AM

yes please upload

X
Xunil
6/12/2023 3:04:00 PM

great job whoever put this together, for the greater good! thanks!

L
Lakshmi
10/2/2023 5:26:00 AM

just started to view all questions for the exam

R
rani
1/19/2024 11:52:00 AM

helpful material

G
Greg
11/16/2023 6:59:00 AM

hope for the best

H
hi
10/5/2023 4:00:00 AM

will post exam has finished

V
Vmotu
8/24/2023 11:14:00 AM

really correct and good analyze!

H
hicham
5/30/2023 8:57:00 AM

excellent thanks a lot

S
Suman C
7/7/2023 8:13:00 AM

will post once pass the cka exam

R
Ram
11/3/2023 5:10:00 AM

good content

N
Nagendra Pedipina
7/13/2023 2:12:00 AM

q:32 answer has to be option c

T
Tamer Barakat
12/7/2023 5:17:00 PM

nice questions

D
Daryl
8/1/2022 11:33:00 PM

i really like the support team in this website. they are fast in communication and very helpful.

C
Curtis Nakawaki
6/29/2023 9:13:00 PM

a good contemporary exam review

X
x-men
5/23/2023 1:02:00 AM

q23, its an array, isnt it? starts with [ and end with ]. its an array of objects, not object.

A
abuti
7/21/2023 6:24:00 PM

cool very helpfull

K
Krishneel
3/17/2023 10:34:00 AM

i just passed. this exam dumps is the same one from prepaway and examcollection. it has all the real test questions.

AI Tutor 👋 I’m here to help!