Free IIA IIA-CIA-Part2 Exam Questions

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

Page: 1 / 97

Total 485 Questions | Updated On: Jan 08, 2025

Add To Cart

Question 1

Which of the following is not relevant when developing recommendations for inclusion in audit reports?

Section: Volume B

A : asibility

B : t of implementation

C : derlying causes

D : ming of follow-up.

Answer: D

Question 2

Management has asked the internal audit activity to perform an operational audit of a division that recently reported an increase in expenditures in addition to a decrease in profits. However, existing internal audit resources are currently engaged in a legal compliance audit. Which factor would be considered least important in deciding whether resources should be removed from the legal compliance audit to the operational audit?

Section: Volume C

A : increase in expenditures at the division over the past year

B : probability that the legal compliance audit will detect fraud

C : results of the external auditor's most recent financial audit

D : potential for regulatory fines associated with the legal compliance audit.

Answer: C

Question 3

The scope of a business process review primarily involves:

Section: Volume B

A : praising the environment and comparing against established criteria.

B : essing the organization's system of internal controls.

C : viewing routine financial information and assessing the appropriateness of various accounting treatments.

D : aluating organizational and departmental structures, including assessments of transaction flows

Answer: D

Question 4

To effectively communicate the acceptance of risk in an organization a chief audit executive must first consider which of the following?

A : The organization's view on risk tolerance

B : The organization's principal risk events.

C : The organization's risk response strategies

D : The organization's major control activities

Answer: A

Question 5

According to IIA guidance, organizations have the most influence on which element of fraud?

Section: Volume E

A : portunity.

B : tionalization.

C : essure.

D : centives.

Answer: A

Page: 1 / 97

Total 485 Questions | Updated On: Jan 08, 2025

Add To Cart