IIA-CIA-Part2 Exam Questions Instant Access

Question 1

What information would be most useful to an internal auditor who is attempting to identify specific processes to include in the scope of an assurance engagement?

ARecent organizationwide recognition awards given to employees within the area.

BThe timing of the most recent audit of the area.

CManagement's presentation to the board regarding recent area achievements.

DRecent area performance indicators against productivity metrics.

Answer : D

Question 2

An internal auditor is performing a review of an organization's vendor for any possible conflicts of interest. Which of the following would provide the greatest assistance to the auditor in meeting this objective?

AVendor contracts.

BEmployee master list.

CPayment records.

DPurchasing policy.

Answer : B

Question 3

While reviewing the workpapers and draft report from an audit engagement, the chief audit executive (CAE) found that an important compensating control had not been considered adequately by the audit team when it reported a major control weakness. Therefore, the CAE returned the documentation to the auditor in charge for correction. Based on this information, which of the following sections of the workpapers most likely would require changes?

Effect of the control weakness.

Cause of the control weakness.

Conclusion on the control weakness.

Recommendation for the control weakness.

A1, 2, and 3.

B1, 2, and 4.

C1, 3, and 4.

D2, 3, and 4.

Answer : C

Question 4

Besides a chief audit executive's professional experience what determines the frequency and approach to assessing residual risk?

AThe frequency of executing the internal audit engagements

BThe frequency of changes in the organization environment

CThe expectations set by the board and senior management

DThe expectations set by operating management and senior management

Answer : C

Question 5

Upon completing a follow-up audit engagement, the chief audit executive (CAE) noted that management has not implemented any mitigation measures to address the high

risks that were reported in the initial audit report. What initial step must the CAE take to address this situation?

ACommunicate the issue to senior management.

BDiscuss the issue with members of management responsible for the risk area.

CReport the situation to the external auditors.

DEscalate the issue to the board.

Answer : B

Question 6

Which of the following is most appropriate for internal auditors to do during the internal audit recommendations monitoring process?

AReport the monitoring status to senior management when requested.

BAssist management with implementing corrective actions.

CDetermine the frequency and approach to monitoring.

DInclude all types of observations in the monitoring process.

Answer : C

Question 7

After concluding a preliminary assessment, the engagement supervisor prepared a draft work program According to HA guidance which of the following would be tested by this program?

AThe process objectives.

BThe process risks

CThe process controls

DThe process scope

Answer : C

IIA Practice of Internal Auditing IIA-CIA-Part2 Exam Questions