IIA-CIA-PART2 Exam Questions

Which of The following best describes a risk that is deemed "unacceptable" to the organization?

An organization has a mature control environment but limited internal audit resources Given this scenario, on which of the following should the internal auditors focus their testin...

What is the primary purpose of creating a preliminary draft audit report?

A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan Which of the following approaches would be most beneficial to help th...

The engagement supervisor would like lo change the audit program's scope poor to beginning fieldwork According to IIA guidance before any change is implemented what is the most imp...

An internal auditor suspects that employee turnover is unusually high at the organization's primary manufacturing plant To investigate this potential issue which of the following a...

Which of The following best justifies an internal auditor's decision to issue a preliminary audit report?

Which of the following should be the focus of the effect section of the preliminary observations document?

An internal auditor is assigned to validate calculations on the organization's building application As pad of the test the internal auditor is required to use an automated audit to...

Which of the following statements about assurance maps is correct?

The chief audit executive (CAE) for a manufacturing company included in this year s audit plan a review of the company's laboratory, using an experienced external service provider....

Which of the following is most likely to be judged as a significant residual risk that would exceed the organization's acceptable risk level?

An internal auditor is testing the success of the IT support department in meeting the service levels guaranteed to small, medium and large customers. The customer's size classific...

An audit observation noted that annual inventory counts of biofuel was not being performed appropriately Fuel yards were not visited and physical amounts of biofuel were not reconc...

A chief audit executive (CAE) is trying to balance the internal audit activity's needs for technical audit skills budget efficiency and staff development opportunities. Which of th...

An internal auditor receives a document displaying all the steps of a process and the path taken as transactions flow between each step of the process How is the internal auditor m...

An internal auditor is asked to review a recently completed renovation to a retail outlet. Which of the following would provide the most reliable evidence that the completed work c...

When addressing the excessive overtime being paid lo employees in an organization's customer service call center, which of the following would be most relevant for the internal aud...

The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

Management has taken immediate action to address an observation received during an audit of the organization's manufacturing process Which of the following is true regarding the va...

In a health care organization the internal audit activity provides overall assurance on governance, risk and control The chief audit executive advises and influences senior managem...

An internal auditor conducted interviews with several employees, documented the interviews analyzed the summaries, and drew a number of conclusions. What sort of audit evidence has...

Which of the following situations is most critical for the chief audit executive to report to the board?

Which of the following statements regarding the risk management process' support of the internal audit activity is true?

An internal auditor observes a double payment transaction on a supplier invoice during an accounts payable engagement. Which of the following steps would be the most effective in h...

The final engagement communication contains the following observation: The internal auditor discovered that three of the 10 contracts reviewed failed to meet the organization's com...

According to HA guidance, the chief audit executive is directly responsible for which of the following?

A corporate merger decision prompts the chief audit executive (CAE) lo propose interim changes to the existing annual audit plan to account for emerging risks Which of the followin...

Which of the following is the primary reason for internal auditors to conduct interim communications with management of the area under review?

An internal auditor tested whether purchase orders were supported by appropriately approved purchase requisitions She sampled a population of purchase documents and identified inst...

Which of the following sampling techniques is typically used when an internal auditor wants to test a large sample for fraud?

Which of the following describes (he primary reason why a preliminary risk assessment is conducted during engagement planning?

Senior management requested that the internal audit activity perform a consulting project to assist in making a decision on a new software system. Which of the following would be u...

Which of the following is true about surveys?

According to IIA guidance, which of the following reflects a valid principle for the internal audit activity to rely on the work of internal or external assurance providers?

Which method of examining entity-level controls involves gathering information from work groups that represent different levels in an organization?

During a consulting engagement an internal auditor wants to determine whether all principal stakeholders are involved in a project. Which tool should the auditor use?

During the filework phase of an assurance engagement the internal auditor decides that she wants to adjust the audit work program. Which of the following is the most appropriate ne...

After concluding a preliminary assessment, the engagement supervisor prepared a draft work program According to HA guidance which of the following would be tested by this program?

Which of the following should management action plans include at a minimum?

An internal auditor completed a review of expenses related to the launch of a new project. The auditor sampled 45 transactions approved by a senior project manager and identified 3...

An internal auditor s examination of accounts receivable generates the following results: What is the projected misstatement for the population if ratio estimation is used?

An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools...

An organization's finance manager plans to implement a state-of-the-art management system to better manage the organization's receivables. The finance manager consulted the chief a...

Which of the following is a primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes?

Which of the following statements is true regarding engagement planning?

Management testimony of improper segregation of duties in the cash receipt process can be considered which of the following?

Which of the following actions best describes an internal auditor's use of test data to determine whether an organization's new accounts payable system avoids processing questionab...

A toy manufacturer receives certain components from an overseas supplier and uses them to assemble final products Recently quality reviews have identified numerous issues regarding...

The internal auditors available to perform the engagement do not have sufficient skills related to the area under review. Which of the following iss an appropriate action for the c...