Free IIA IIA-CIA-Part3-3P Exam Practice Questions & Explanations

Last updated on: Sep 30, 2026
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Question 1

At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?

Answer Options
Correct Answer: A
Question 2

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?

1) Consult on CSR program design and implementation.

2) Serve as an advisor on CSR governance and risk management.

3) Review third parties for contractual compliance with CSR terms.

4) Identify and mitigate risks to help meet the CSR program objectives.

Answer Options
Correct Answer: A
Question 3

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 Options
Correct Answer: B
Question 4

Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?

Answer Options
Correct Answer: C
Question 5

The first step in determining product price is:

Answer Options
Correct Answer: B