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

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Total 485 Questions | Updated On: Mar 27, 2025

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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

An organization decides to create an internal audit function and hires a new chief audit executive (CAE). Which of the following should the CAE first consider when developing the internal audit process?

Section: Volume D

A : quirements of the external auditors to ensure an efficient coordination of audit effort.

B : fficient resources to adequately meet the needs of the annual audit plan.

C : ignment of internal audit objectives with the organization's strategic plan

D : appropriate training plan for audit staf

Answer: C

Question 3

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 4

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 5

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

Page: 1 / 97

Total 485 Questions | Updated On: Mar 27, 2025

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