IIA-CIA-PART2 Exam Questions
461 real IIA-CIA-PART2 exam questions with expert-verified answers and explanations. Page 8 of 10.
- Question #352
During an engagement in one of the subsidiaries of an organization, an internal auditor noted the following in the workpapers: "As a subsidiary of a multinational organization in t...
- Question #353
How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
- Question #354
An organization owns vehicles that are kept off-site by employees to pick up and deliver orders. An internal auditor selects a specific vehicle from the fixed asset register for te...
- Question #355
An internal audit report includes a recommendation to remove inappropriate user access to an IT application. Which of the following does the recommendation represent?
- Question #356
An internal auditor used a risk and control matrix to prepare a work program for testing a software release. During the engagement planning stage, he tested the design of the relea...
- Question #357
According to the Standards, which of the following is true regarding the auditor's inclusion of management's satisfactory performance in the final audit report?
- Question #358
After completing an assurance engagement, the chief audit executive (CAE) concludes that management has accepted a level of risk that may be unacceptable to the organization. What...
- Question #359
An internal audit manager assigns an audit team to test purchase transactions by selecting a sample from transactions processed by each of the three procurement officers. Which of...
- Question #360
An internal auditor reviewed bank reconciliations prepared by management of the area under review. The auditor noted that the bank statements attached did not have the bank heading...
- Question #361
Which of the following would be most likely found in an internal audit procedures manual?
- Question #362
Which of the following represents a ratio that measures short term debt-paying ability?
- Question #363
Which type of engagement would be the most appropriate to assess the maturity and rigor of the organizationwide risk management process of a target entity that management is consid...
- Question #364
Below is a flowchart detailing an organization's bank reconciliation process. Which of the following conclusions can be drawn from the flowchart?
- Question #365
Upon completing a follow-up audit engagement, the chief audit executive (CAE) noted that management has not implemented any mitigation measures to address the high risks that were...
- Question #366
During an entity-level controls assessment, internal auditors deploy an internal control questionnaire to test the controls. Which of the following is a major drawback of this test...
- Question #367
During the preliminary survey of the procurement department, an internal auditor noted a major control weakness in the organization's ordering and receiving process. According to I...
- Question #368
An organization does not have a formal risk management function. According to the Standards, which of the following are conditions where the internal audit activity may provide ris...
- Question #369
Which of the following is the primary weakness of internal control questionnaires (ICQs)?
- Question #370
Following an IT systems audit, management agreed to implement a specific control in one of the IT systems. After a period, the internal auditor followed up and learned that managem...
- Question #371
When reviewing workpapers, engagement supervisors may ask for additional evidence or clarification via review notes. According to IIA guidance, which of the following statements is...
- Question #372
Flowcharts are useful during audit planning because they contain information that may help internal auditors with which of the following?
- Question #373
Which of the following activities demonstrates an example of the chief audit executive performing residual risk assessment?
- Question #374
When determining the level of staff and resources to be dedicated to an assurance engagement, which of the following would be the most relevant to the chief audit executive?
- Question #375
An internal audit activity plans its engagements based on an organization-wide risk assessment. According to IIA guidance, which of the following statements is true regarding the r...
- Question #376
According to IIA guidance, which of the following describes the primary reason the chief audit executive (CAE) should actively network and build relationships with senior managemen...
- Question #377
According to IIA guidance, which of the following statements is true regarding engagement planning?
- Question #378
An organization's healthcare insurance costs have been rising approximately 10 percent per year for several years. Which of the following analytical review procedures would best ev...
- Question #379
The internal audit activity plans to assess the effectiveness of management's self-assessment activities regarding the risk management process. Which of the following procedures wo...
- Question #380
According to IIA guidance, which of the following objectives was most likely formulated for a non- assurance engagement?
- Question #381
An audit reveals that a manager's spouse is receiving paychecks, but is not employed by the organization. According to IIA guidance, which of the following actions should the inter...
- Question #382
Senior IT management requests the internal audit activity to perform an audit of a complex IT area. The chief audit executive (CAE) knows that the internal audit activity lacks the...
- Question #383
Which of the following is the advantage of using internal control questionnaires (ICQs) as part of a preliminary survey for an engagement?
- Question #384
Which of the following would help the internal audit activity assess compliance with the organization's standard operating procedures for bank deposits during a preliminary survey?
- Question #385
According to IIA guidance, which of the following best describes the purpose of a planning memorandum for an audit engagement?
- Question #386
The internal audit activity is planning an assurance engagement for a foreign subsidiary. According to IIA guidance, which of the following would be included in the preliminary com...
- Question #387
Which of the following best describes why an internal audit activity would consider sending written preliminary observations to the audit client?
- Question #388
An internal auditor completed a consulting engagement covering a recent advertising campaign. The audit client asked the auditor to forward a copy of the report to one of the three...
- Question #389
The internal audit activity is currently working on several engagements, including a consulting engagement on the management process in the human resources department. Which of the...
- Question #390
An internal auditor performed a test of controls and found that a statistically selected representative sample of recorded transactions within the account receivables ledger had an...
- Question #391
According to IIA guidance, how should an internal auditor apply any relevant information obtained from an internal consulting engagement during a related internal audit engagement?
- Question #392
Which of the following best describes the guideline for preparing audit engagement workpapers?
- Question #393
Which of the following is most likely the subject of a periodic report from the chief audit executive to the board?
- Question #394
A bakery chain has a statistical model that can be used to predict daily sales at individual stores based on a direct relationship to the cost of ingredients used and an inverse re...
- Question #395
Which of the following approaches to understanding business processes is conducted from a broad organizational perspective and has the greatest risk of overlooking processes that a...
- Question #396
An internal auditor has discovered that duplicate payments were made to one vendor. Management has recouped the duplicate payments as a corrective action. Which of the following de...
- Question #397
Which of the following is most appropriate for internal auditors to do during the internal audit recommendations monitoring process?
- Question #398
During the review of an organization's retail fraud deterrence program, an employee mentions that an expensive fraud surveillance information system is rarely used. The internal au...
- Question #399
Which of the following is an advantage of utilizing an external fraud specialist in a suspected fraud investigation?
- Question #400
A senior IT auditor is performing an audit of inventory valuation. The auditor misinterprets the sampling results. Which of the following best describes this situation?
- Question #401
Which type of assurance engagement is conducted to determine whether a process or area is performing as intended, accomplishing its objectives, and doing so in an efficient and eco...