IIA-CIA-PART2 Exam Questions

The human resources (HR) department was last reviewed three years ago and is due for an assurance engagement after undergoing recent process changes. Which of the following would t...

According to IIA guidance, when of the Mowing statements is true regarding an engagement supervisor's use of review notes?

Which of the following items, included in the preliminary audit communication would be most useful for management to formulate action plans in response to audit recommendations?

In which of following scenarios is the internal auditor performing benchmarking?

An internal auditor is planning an engagement at a financial institution. Toe engagement objective is to identify whether loans were granted in accordance with the organization's p...

An internal auditor wants to assess the completeness of sales invoices issued by the organization over a period of time Providing that at the necessary data and analytics software...

Which of the following is true regarding the monitoring of internal audit activities?

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

Which of the following is a significant governance issue that should be reported by the chief audit executive to the board?

Which of the following is one of the differences between probability-proportional-to-size (PPS) and attribute sampling?

An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor app...

During a review of the treasury function an internal auditor identified a risk that all bank accounts may net to include in the daily reconciliation process. Which of the following...

During an audit of the human resources department, an internal auditor adopts benchmarking to test the employee turnover rate. How should the internal auditor apply this technique?

When auditing an organization's cash-handling activates which of the following is the most reliable form of testimonial evidence an internal auditor can obtain?

Which of the following is an inherent risk of issuing an opinion on the overall effectiveness of internal control?

According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?

Where should internal auditor focus their attention when identify and assessing key risks during the planning stage of an assurance engagement?

An internal audit intends to create a risk and control matrix to better understand the organization's complex manufacturing process. With which of the following approaches would th...

A chief audit executive (CAE) a developing a work program for an upcoming engagement that will review an organization's small contracting services. When of the following would the...

An internal auditor e assessing the design of a control and has identified a potential significant weakness. The auditor shared his concern with management however management does...

Which of the following statements is true regarding the chief audit executive's (CAT$) responsibilities after completing an assurance or consulting engagement?

Which of the following would most Holy reflect the best possible engagement objectives?

Which of the following risk assessment approaches involves gathering data from work team representing different levels of an organisation?

A senior internal auditor is hired within the internal audit activity for a period of two years before advancing to an operations manager role within the business operations team....

The head of customer service asked the chief audit executive (CAE) whether eternal auditors could assist her staff with conducting a risk self-assessment in the customer service de...

An internal auditor is conducting a preliminary survey of the investments area, and sends an internal control questionnaire to the management of the function. (An extract of the su...

Internal control questionnaires are used to achieve which of the following objectives?

Acceding to IIA guidance, which of the following statements is true regarding the risk assessment process performed by the internal audit activity?

According to IIA guidance, when would an interim report typically be produced?

Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?

According to an internal audit observation, the organization's rules of record management require all contracts to be registered and stored in a specific electronic system. One sub...

An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. What would be the best way for the audito...

An organization is expanding into a new line of business selling natural gas. The internal auditor is planning an engagement and wants to obtain a general understanding of the natu...

During follow-up, the chief audit executive (CAE) is having a discussion with management about the internal audit team's recommendations related to a significant issue Management a...

What type of audit engagement would be the most appropriate to determine how an organization could be more profitable in the long term?

While performing fieldwork for an assurance engagement, a member of the internal audit team identified a key control that was not identified during the planning phase of the engage...

Which of the following internal audit procedures commonly involves sampling?

A chief audit executive (CAE) following up on action plans from previously completed audits identifies that management has determined that certain action plans are no longer necess...

An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle a...

In which of the following populations would the internal auditor most likely choose to use a stratified sampling approach?

An internal audit team leader is having difficulties completing the planning phase of an assurance engagement because the business unit lacks a system of internal controls. Which o...

The head of customer service asked the chief audit executive (CAE) whether internal auditors could assist her staff with conducting a risk self-assessment in the customer service d...

According to IIA guidance which of the following best describes reliable information?

Which of the following statements is true regarding the audit objective for an assurance engagement?

Which of the following best exemplifies having effective risk management and internal control processes?

Which of the following best describes external benchmarking using trend analysis for a subsidiary of an international company?

An internal auditor discovered that sales contracts with business clients were not stored in the electronic document management database instead they were scanned and saved in a no...

The audit committee has asked the chief audit executive (CAE) to conduct an ad hoc forensic investigation of the purchasing department within a month due to the significance and ur...

Which of the following statements is true regarding a drawback of using internal control questionnaires (ICQs)?

While conducting a review of the logistics department the internal audit team identified a crucial control weakness. The chief audit executive (CAE) decided to prepare an audit mem...