IIA-CIA-PART2 Exam Questions

According to IIA guidance,which of the following is true about the supervising internal auditor's review notes? 1. They are discussed with management prior to finalizing the audit....

During a fraud interview, it was discovered that unquestioned authority enabled a vice president to steal funds from the organization. Which of the following best describes this co...

According to IIA guidance, which of the following are appropriate actions for the chief audit executive regarding management's response to audit recommendations?

According to the Standards, which of the following is leastimportant in determining the adequacy of an annual audit plan?

The newly appointed chief audit executive (CAE) of a large multinational corporation, with seasoned internal audit departments located around the world, is reviewing responsibiliti...

The internal audit activity (IAA) wants to measure its performance related to the quality of audit recommendations. Which of the following client survey questions would best help t...

When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit ex...

An internal auditor and engagement client are deadlocked over the auditor's differing opinion with management on the adequacy of access controls for a major system. Which of the fo...

When setting the scope for the identification and assessment of key risks and controls in a process, which of the following would be the least appropriate approach?

According to IIA guidance, which of the following is true when the internal audit activity is asked to investigate potential ethics violations in a foreign subsidiary?

The chief audit executive of a medium-sized financial institution is evaluating the staffing model of the internal audit activity (IAA). According to IIA guidance, which of the fol...

It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer...

An internal control questionnaire would be most appropriate in which of the following situations?

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties...

An internal auditor has been assigned to facilitate a risk and control self-assessment for the finance group. Which of the following is the most appropriate role that she should as...

An audit identified a number of weaknesses in the configuration of a critical client/server system. Although some of the weaknesses were corrected prior to the issuance of the audi...

Which of the following is not an outcome of control self-assessment?

A code of business conduct should include which of the following to increase its deterrent effect? 1. Appropriate descriptions of penalties for misconduct. 2. A notification that c...

New environmental regulations require the board to certify that the organization's reported pollutant emissions data is accurate. The chief audit executive (CAE) is planning an aud...

The board has asked the internal audit activity (IAA) to be involved in the organization's enterprise risk management process. Which of the following activities is appropriate for...

According to IIA guidance, which of the following statements are true regarding the internal audit plan? 1. The audit plan is based on an assessment of risks to the organization. 2...

An internal auditor is assessing the organization's risk management framework. Which of the following formulas should he use to calculate the residual risk? A. B. C. D.

Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

Which of the following should be included in a privacy audit engagement? 1. Assess the appropriateness of the information gathered. 2. Review the methods used to collect informatio...

Due to price risk from the foreign currency purchase of aviation fuel, an airliner has purchased forward contracts to hedge against fluctuations in the exchange rate. When recalcul...

Which of the following statements describes an engagement planning best practice?

Which of the following is not a primary purpose for conducting a walk-through during the initial stages of an assurance engagement?

After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party ser...

Which of the following is an effective approach for internal auditors to take to improve collaboration with audit clients during an engagement? 1. Obtain control concerns from the...

According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?

Which of the following components should be included in an audit finding? 1. The scope of the audit. 2. The standard(s) used by the auditor to make the evaluation. 3. The engagemen...

A newly promoted chief audit executive (CAE) is faced with a backlog of assurance engagement reports to review for approval. In an attempt to attach a priority for this review, the...

After finalizing an assurance engagement concerning safety operations in the oil mining process, the audit team concluded that no key controls were compromised. However, some oppor...

While conducting an audit of a third party's Web-based payment processor, an internal auditor discovers that a programming error allows customers to create multiple accounts for a...

An internal auditor is conducting a review of the procurement function and uncovers a potential conflict of interest between the chief operating officer and a significant supplier...

A large retail organization, which sells most of its products online, experiences a computer hacking incident. The chief IT officer immediately investigates the incident and conclu...

During an assurance engagement, an internal auditor noted that the time staff spent accessing customer information in large Excel spreadsheets could be reduced significantly throug...

According to IIA guidance, which of the following strategies would add the least value to the achievement of the internal audit activity's (IAA's) objectives?

According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) r...

The chief audit executive (CAE) of a small internal audit activity (IAA) plans to test conformance with the Standards through a quality assurance review. According to the Standards...

A large investment organization hired a chief risk officer (CRO) to be responsible for the organization's risk management processes. Which of the following people should prioritize...

Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements? 1. Consider employees from other operational a...

The chief risk officer (CRO) of a large manufacturing organization decided to facilitate a workshop for process managers and staff to identify opportunities for improving productiv...

Which of the following is the primary purpose of financial statement audit engagements?

An internal auditor notes that employees continue to violate segregation-of-duty controls in several areas of the finance department, despite previous audit recommendations. Which...

Which of the following has the greatest effect on the efficiency of an audit?

Which of the following is least likely to help ensure that risk is considered in a work program?

An internal auditor is conducting an assessment of the purchasing department. She has worked the full amount of hours budgeted for the engagement; however, the audit objectives are...

Which of the following factors would the auditor in charge be least likely to consider when assigning tasks to audit team members for an engagement?

An organization's internal audit plan includes a recurring assurance review of the human resources (HR) department. Which of the following statements is true regarding preliminary...