Free IIA IIA-CIA-Part2 Exam Questions

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

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Total 1029 Questions | Updated On: Nov 11, 2024

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Question 1

An internal auditor determines that certain information from the engagement results is not appropriate for

disclosure to all report recipients because it is privileged. In this situation, which of the following actions would

be most appropriate?

Section: Volume E

A : Disclose the information in a separate report.

B : Distribute the information in a confidential report to the board only

C : Distribute the reports through the use of blind copies.

D : Exclude the results from the report and verbally report the conditions to senior management and the board.

Answer: A

Question 2

An auditor is performing a review of a complex process to identify opportunities to increase efficiency. What is the most practical way to document the process to identify areas of inefficiency?

Section: Volume B

A : ite a description of the process activities in sequential order.

B : Develop a PERT (program evaluation and review technique) diagram.

C : owchart the process.

D : Create a decision tree

Answer: C

Question 3

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 4

A major insurance company provides a discount on automobile insurance if the vehicle meets certain safety criteria. Which of the following audit tests would provide an internal auditor with the best evidence that all qualifying insured automobiles are receiving the discount?

Section: Volume C

A : mpare the percentage of automobiles receiving discounts this year to that of last year

B : k managers whether they are aware of the discount criteria and whether they are providing the discount to all qualifying automobiles.

C : lect a sample of automobiles that are not receiving the discount and determine if they have been properly excluded.

D : lect a sample of automobiles receiving the discount and determine that the required discount criteria are being met.

Answer: C

Question 5

Which of the following risk assessment approaches involves gathering data from work teams representing

different levels of an organization?

Section: Volume E

A : Surveys.

B : nagement-produced analysis.

C : Facilitated team workshops.

D : Weighted risk factors.

Answer: A

Page: 1 / 206

Total 1029 Questions | Updated On: Nov 11, 2024

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