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 1029 Questions | Updated On: Nov 19, 2024

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Question 1

As part of a preliminary study during an audit of the payment process in accounts payable, an internal auditor requests a list of procedures from the finance manager. The auditor intends to establish whether activities documented in the procedures are undertaken by respective employees as prescribed. Which of the following internal audit techniques will provide the most persuasive information to achieve this objective?

A : Interviewing the finance manager regarding the activities.

B : Mailing questionnaires to the accounts payable employees about the activities

C : Observing the activities as performed by the employees.

D : Reperforming the activities indicated in the payment procedures.

Answer: D

Question 2

The audit manager asked the internal auditor to perform additional testing because several irregularities were found in the financial information. Which of the following would be the most appropriate analytical review for the auditor to perform?

A : mpare the firm's financial performance with organizations in the same industry

B : terview all managers involved in preparing the financial statements

C : rform a bank reconciliation to confirm the cash balance in the financial statements.

D : ace each financial transaction to the original supporting document

Answer: A

Question 3

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

A : assessment of high-level risks is typically a linear process.

B : nagement should create the preliminary risk matrix

C : analysis should begin with ne identification of objectives

D : kelihood should receive greater consideration than impact

Answer: C

Question 4

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 auditor to gather relevant feedback?

A : terview IT management in both regions

B : pect regional user software training records

C : terview propel management and the vendor responsible for implementation

D : tribute surveys to software users in both regions

Answer: D

Question 5

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

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Total 1029 Questions | Updated On: Nov 19, 2024

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