Free IIA IIA-CIA-Part2-3P Exam Questions

Become IIA Certified with updated IIA-CIA-Part2-3P exam questions and correct answers

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Total 485 Questions | Updated On: Feb 18, 2025

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Question 1

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 tie internal audit activity. Which of the following consulting services would be most appropriate in this situation?

A : ess controls for potential compliance issues that may affect me consolidation

B : ief vendors on the potential risks that will occur without continued business

C : vise division managers on how to streamline operations for better efficiency

D : termine whether the organization's controls are effective in meeting business objectives

Answer: C

Question 2

An internal auditor wants to identity potential ghost employees in the organization's payroll system The auditor extracts the following data

- Human resources data with employees' names addresses employment conditions and identification codes

- Payroll data

- Logs from entrance systems

With this data, which of the following types of ghost employees will the auditor be able to identify?

A : ployees who are being paid more than then approved wages

B : ployees who get paid although their employment has expired

C : ployees who are related to one of the subcontractors

D : ployees who are physically present at the workplace but who do not perform the specified job duties

Answer: A

Question 3

Which of the following audit steps would an internal auditor perform when reviewing cash disbursements to satisfy IIA guidance on due professional care?

A : calculated statistical sample size is 50 however the internal auditor believes errors exist so he decides to increase the sample size to 80

B : internal auditor traces serial numbers of computer equipment listed on an invoice to the fixed asset inventory

C : internal auditor reviews the accounts payable manager's petty cash fund and vouchers

D : internal auditor reviews the related invoice purchase order and receiving report for each sample selection

Answer: D

Question 4

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

A : mpling risk.

B : dit risk.

C : idual risk.

D : herent risk

Answer: D

Question 5

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 the following would be the most efficient technique to help the auditor identify the seventy of this malpractice?

A : amining the entire population

B : king management about the malpractice

C : ting a sample of random transactions.

D : ing data analytics

Answer: D

Page: 1 / 97

Total 485 Questions | Updated On: Feb 18, 2025

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