IIA-CIA-Part2 Practice Questions
Internal Audit Engagement
Last Update 4 days ago
Total Questions : 747
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Internal control questionnaires are used to achieve which of the following objectives?
Upon concluding the engagement fieldwork an internal auditor discusses the audit findings with operational management There is a greater likelihood that the auditor will obtain a responsive action plan from management when both parties agree on which of the following attributes of the audit finding?
Acceding to IIA guidance, which of the following statements is true regarding the risk assessment process performed by the internal audit activity?
According to IIA guidance, when would an interim report typically be produced?
A large retail organization, which sells most of its products online, experiences a computer hacking incident. The chief IT officer immediately investigates the incident and concludes that the attempt was not successful. The chief audit executive (CAE) learns of the attack in a casual conversation with an IT auditor. Which of the following actions should the CAE take?
1. Meet with the chief IT officer to discuss the report and control improvements that will be implemented as a result of the security breach, if any.
2. Immediately inform the chair of the audit committee of the security breach, because thus far only the chief IT officer is aware of the incident.
3. Meet with the IT auditor to develop an appropriate audit program to review the organization ' s Internet-based sales process and key controls.
4. Include the incident in the next quarterly report to the audit committee.
According to IIA guidance, which of the following activities are typically primary objectives of engagement supervision?
An internal auditor wanted to determine whether company vehicles were being used for personal purposes She extracted a report that listed company vehicle numbers business units to which the vehicles are allocated travel dates, travel duration and mileage She then filtered the data for weekend dates Which of the following additional information would the auditor need?
According to IIA guidance, which of the following would be considered necessary for a one-person audit function?
An internal auditor is tasked with evaluating the adequacy of the organization ' s inventory fraud controls. What is the most relevant information that the auditor can obtain from the documentation of cyclic counting for this purpose?
The internal audit function is in the fieldwork stage of the annual staff performance appraisal assurance engagement. A new auditor is hired and added to the engagement team. The auditor reviews the engagement work program with another member of the team and suggests improvements to make the fieldwork easier to complete. What action should be taken next?
Who is responsible for ensuring internal auditors continuing professional development*
Which of the following statements is true regarding internal control questionnaires?
Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?
In the years after the mid-service point of a depreciable asset, which of the following depreciation methods will result in the highest depreciation expense?
