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: Jan 08, 2025

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Question 1

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 2

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 3

Which of the following is an appropriate documentation of proper engagement supervision?

A : completed engagement workpaper review checklist.

B : supervisor's review notes on engagement workpapers.

C : email exchanges between the audit team and the supervisor.

D : upervisor's approval of resources allocated to the engagement

Answer: B

Question 4

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

A : Stop-or-go sampling.

B : Probability-to-proportional size sampling.

C : Classical variable sampling.

D : Discovery sampling.

Answer: C

Question 5

Which of the following is the most appropriate approach for the internal audit activity to follow up on management action plans?

A : eate a tracking system for follow up

B : ure that follow-up activities are performed at least weekly.

C : legate follow-up activities to qualified administrative staff within the business unit

D : ure that follow-up activities are performed by the most senior auditor on staff

Answer: A

Page: 1 / 97

Total 485 Questions | Updated On: Jan 08, 2025

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