IIA-CIA-PART2 Exam Questions

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...

A healthcare organization's chief audit executive (CAE) noted that the organization's IT team relies heavily on a vendor. Therefore an IT vendor assessment review was added to the...

When presenting an observation m writing which or the Mowing is usually true regarding the level of detail provided? 1. The description of the observation in the final audit report...

Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?

Which of the following should be described in the recognition element of a typical internal audit repot?

Which statistical sampling approach would an internal auditor typically utilize if she wishes to test for fraud and the expected deviation rate is very low?

Which of the following engagement supervision activities should be performed first?

Which of the following would most likely prompt special notification from the chief audit executive to same management?

According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organization al process?

When a significant finding is noted early during a review of the accounts payable function, which next course of action is best for communicating the issue?

Which of the following manual audit approaches describes testing the validity of a document by following it backward to a previously prepared record?

An internal auditor wants to compare performance information from one quarter to another. Which analytics procedure would the auditor use?

An internal auditor wanted to determine whether the organization's 200 employees are charging their work hours accurately to the correct project. The internal auditor selected a sa...

The chief audit executive (CAF) determined that the residual risk identified in an assurance engagement is acceptable. When should this be communicated to senior management?

Which of the following information is most appropriate for the chief audit executive to share when coordinating audit plans with other internal and external assurance providers?

An internal auditor s testing tor proper authorization of contracts and finds that the rate of deviations discovered in the sample is equal to the tolerable deviation rate. When of...

According to IIA guidance, which of the following would be considered necessary for a one- person audit function?

During the planning phase of an assurance engagement, an internal auditor seeks to gam an understanding of now when the area under review is accomplishing its objectives When of th...

What is the purpose of an internal control questionnaire?

Which of the following engagement techniques would be best to meet the objective of denting a personal conflict -of -interest situation affecting an organization's procurement func...

An internal auditor is planning a consuming engagement and the objective is to identify opportunities to improve the efficiency of the organization's procurement process. The audit...

Besides a chief audit executive's professional experience what determines the frequency and approach to assessing residual risk?

Upon the completion of an audit engagement an audit manager performs a review of a staff auditor's workpapers. Which of the following actions by the manager is the most appropriate...

An internal auditor using the five-attribute approach to document deficiencies in a warehouse shipping process. Which of the following attributes will be included in the workpapers...

Which of the following actives is an internal auditor most likely to perform when establishing the objectives of an assurance engagement?

An IT auditor is reviewing the access controls in an organization's accounting application. The auditor intends to deploy a tool that can help test the logical controls embedded in...

An internal auditor has suspicions that the management of a department splits me number of planned purchases to avoid the approval process required for larger purchases. Which of t...

To compete in the global market, an organization is restructuring and consolidating many of its divisions. Prior to the consolidation, senior management requested assistance from t...

Acceding to MA guidance, when of the Mowing strategies would like provide the most assurance to the chief audit executive (CAE) that the internal audit activity's recommendations a...

Which of the following statements generally true regarding audit engagement planning?

Which of the blowing is an example of a compliance assurance engagement?

An internal auditor is preparing an internal control questionnaire for the procurement department as part of a preliminary survey. Which of the following would provide the best sou...

Which of the following is an advantage of nonstatistical sampling over statistical sampling?

According to IIA guidance, which of the following is the most appropriate action to be taken by the chief executive (CAE) if management refuses to accept audit recommendations and...

The chief audit executive of an international organization is planning an audit of the treasury function located at the organization's headquarters. The current internal audit team...

Due to emerging new technologies that greatly affect the organization, the chief audit executive (CAE) wants to conduct frequent IT audit and is particularly focused on improving t...

Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?

An internal audit team was conducting an assurance engagement to review segregation of duties in the purchasing function. The internal auditors reviewed a sample of purchase orders...

Which of the following statements accurately describes the Standards requirement for ret internal audit records?

A chief audit executive's report to the board showed a significant trend of recent aud4s going over planned budgeted hours. Which of the following factors could cause this trend?

'Internal policy prohibits employees from entering into contacts with financial obligations without proper approval. A project manager signed a change to an important service agree...

As part of internal audit's assistance with an annual external audit, the internal auditors are required to do a preliminary analytical review of an bank account balances. This inv...

An audit observation states the following: "Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding...

Which of the following constitutes supervisory activity undertaken during the planning phase of an assurance engagement?

White planning an audit engagement of a procurement card activity. which of the following actions should an internal auditor take to denary relevant risks and controls?

A chief audit executive (CAE) determined that management chose to accept a high-level risk that may be unacceptable lo the organization. Which is the best course of action for the...

How do internal auditors generally determine the priority of the areas within the engagement scope?

Which of the following is the best option for the chief audit executive to consider for effective coordination of assurance coverage?

An internal auditor examined a nostatistical sample of open accounts receivable balances and discovered that 10 out of 60 exceeded the approved unseated credit limit threshold defi...

Which of the following parties is accountable for ensuring adequate support for conclusions and opinions readied by the internal audit activity while relying on external auditors'...