IIA-CIA-PART2 Exam Questions

Prior to performing testing an internal auditor has determined that a primary process control failed due to design weakness. Which of the following actions should the auditor perfo...

An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his...

An organization buys crude oil on the open market and refines it into a high-quality gasoline. The price of crude oil is extremely volatile. Which of the following is the most appr...

In an organization with a large internal audit activity that has several audit teams performing engagements simultaneously which of the following tasks is an engagement supervisor...

According to MA guidance, which of the following factors should an internal auditor consider when assessing the likelihood of fraud risk1?

The internal audit activity has adopted the balanced scorecard approach to assess its performance According to MA guidance which of the following is a key performance indicator rel...

Which of the following statements is true regarding internal auditors and other assurance providers?

Some lime after the final audit report was issued, the engagement supervisor teamed that several internal control deficiencies were not remedied, despite management's previous agre...

The chief audit executive (CAE) should determine whether the internal audit activity has confirmed the status of all of management's corrective actions Doing so would help the CAE...

An internal audit activity is planning its first audit of IT shared services. Which of the following controls would typically be evaluated first?

To which of the following aspects should the chief audit executive give the most consideration while communicating an identified unacceptable risk to management?

Which of the following statements is true regarding the use of internal control questionnaires (ICOs)?

The internal audit manager has been delegated the task of preparing the annual internal audit plan for the forthcoming fiscal year All engagements should be appropriately categoriz...

Which of the following is one of the five basic tnanoal statement assertions when an internal auditor evaluates controls over financial reporting?

According to HA guidance, which of the following is the Key planning step internal auditors should perform to establish appropriate engagement objectives prior to starting an audit...

At a construction company, an internal auditor is planning an audit of the company's process for designing and building grid connections The process involves customers making payme...

As part of the preliminary survey, an internal auditor sent an internal control questionnaire to the accounts payable function Based on the questionnaire responses, the auditor det...

What is the primary purpose of issuing a preliminary communication to management of the area under review?

An internal auditor for a regional bank suspects that the head of commercial lending has been granting loans without the required collateral Which of the following sampling techniq...

Which of the following statements is true regarding internal control questionnaires?

According to HA guidance, which of the following statements regarding audit workpapers is true?

Which of the following are advantages of flowcharts over internal control questionnaires? 1. Flowcharts reduce the need to test whether employees are observing internal control pro...

Which of the following statements about including consulting engagements in the annual internal audit plan is true?

An internal auditor is conducting an initial risk assessment of an audit area and wants to assess management's compliance with privacy laws for safeguarding customer information st...

An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable pacts The auditor learns...

An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable pacts The auditor learns...

An internal auditor uses a data query tool in the purchasing process to review the vendor master file for authorizations Which of the following describes the control objective like...

Which of the following statements is true regarding the final assurance engagement report issued to management?

An internal auditor collected several employee testimonials Which of the following is the best action for the internal auditor to take before drawing a conclusion?

Which of the following statements concerning workpapers is the most accurate?

Which of the following reasonably represents best practices regarding what should be the level of internal audit resource investment in monitoring and following up on engagement ou...

An internal audit manager is planning a contract compliance audit Which of the following should be done prior to developing the audit work program?

Which of the following best describes how an internal auditor would use a flowchart during engagement planning?

A chief audit executive (CAE) reviews the supervision of an internal audit engagement Which of the following would most likely assure the CAE that the engagement had adequate super...

Which of the following would present the most critical external risk to an organization?

Which of the following computerized audit tools or techniques should be used if the internal auditor wants to extract specific files and records in the database?

In which of the following situations would an internal control questionnaire best suit the internal auditor's purpose?

Which of the following is a disadvantage of using flowcharts during a risk assessment?

While planning for an accounts payable audit an internal auditor performs an entity level controls analysis. Which of the following statements is true regarding me approach used by...

The chief audit executive was asked to define me internal audit activity s key performance indicators (KPIs) tor the upcoming year. The KPIs must measure efficiency and effectivene...

An internal auditor was assigned to review controls in the accounts payable function. Most of tie accounts payable processes are performed by a third-party service provider. The au...

As a result of server managements assumption of risk there is residual risk that exceeds me organisation's risk appetite. Which of the following actions would be most appropriate f...

An internal auditor at a bank informed the branch manager of a malfunctioning lock on one of the vaults. The risk associated with this issue was deemed significant by the chief aud...

In which of the following ways can the internal audit activity new engagement opportunities?

For an action plan to be effective, it should be designed primarily to address which of the following elements of an observation?

Which of the following statements is true regarding internal controls?

An engagement work program o of greatest value to audit management when which of the following is true?

According to IIA guidance, which of re following actions should the internal auditor take immediately after having considered fraud scenarios and identified and prioritized fraud r...

Which of the following approaches would best help an internal auditor determine whether a retailer database of 100,000 customers has nay duplicate accounts?

An internal auditor developed a list of internal and external risk considerations across the organization's processes, developed a scale to assess each risk and allocated the relat...