IIA-CIA-Part2 Exam Questions Instant Access

Question 1

According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?

AThe organization's audit universe is extensive and diverse.

BThere has been an increase in unanticipated requests for advisory work.

CPrevious work provided by the external service provider has been of great quality and value.

DA recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.

Answer : A

Question 2

An internal auditor used a risk and control matrix to prepare a work program for testing a software release. During the engagement planning stage, he tested the design of

the release procedure as a key control and concluded that the control was not designed well. During the performance stage, he tested the operation of this control and

concluded that it was implemented as designed. Which of the following statements is true regarding this scenario?

AThe test of the control design should have occurred at the performance stage.

BThe test of the operating effectiveness of the control was not necessary.

CA risk and control matrix is not appropriate for this type of engagement.

DThe test of the operating effectiveness of the control should have occurred at the planning stage.

Answer : B

Question 3

During follow-up, the chief audit executive (CAE) is having a discussion with management about the internal audit team's recommendations related to a significant issue Management accepted the issue but took no remedial action What is the next step for the CAE?

AThe CAE should reassess and validate the risk tolerance policy

BThe CAE should escalate the issue to senior management .

CThe CAE should reiterate the internal audit team's recommendations to management .

DThe CAE should grant management more time to implement the recommendation and check the status of the issue during the next scheduled follow-up.

Answer : B

Question 4

Which of the following is the advantage of using internal control questionnaires (ICQs) as part of a preliminary survey for an engagement?

AICQs provide testimonial evidence.

BICQs are efficient.

CICQs provide tangible evidence to be quantified.

DICQs put observations into perspective.

Answer : B

Question 5

In addition to gathering information, which of the following is a primary objective of a client interview conducted during the planning stage of an audit engagement?

ATo obtain sufficient audit evidence.

BTo test the client's knowledge.

CTo agree on the auditor's scope of authority.

DTo establish rapport.

Answer : D

Question 6

Which of the following should be described in the recognition element of a typical internal audit repot?

APositive aspects of the process or area under review

BA brief synopsis of the process of area under review

COutcomes and ratings of the process or area under review

DReport issuance and the communication process of the engagement.

Answer : B

Question 7

Which of the following manual audit approaches describes testing the validity of a document by following it backward to a previously prepared record?

ATracing

BReperformance

CVouching

DWalkthrough

Answer : C

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