IIA IIA-CIA-PART2 Online Practice Questions and Exam Preparation

IIA IIA-CIA-PART2 Online Questions & Answers

• Question 101:

  Which of the following best describes the most important criteria when assigning responsibility for specific tasks required in an audit engagement?

  A. Auditors must be given assignments based primarily upon their years of experience.
  B. All auditors assigned an audit task must have the knowledge and skills necessary to complete the task satisfactorily.
  C. Tasks must be assigned to the audit team member who is most qualified to perform them.
  D. All audit team members must have the skills necessary to satisfactorily complete any task that will be required in the audit engagement.
  B. All auditors assigned an audit task must have the knowledge and skills necessary to complete the task satisfactorily.

• Question 102:

  Why would an internal auditor use a spaghetti map when reviewing the physical ow of materials through a manufacturing and distribution facility?

  A. To reveal the inefficiencies in the physical layout of the facility.
  B. To Define the roles of employees involved in manufacturing and distribution processes.
  C. To identify the points of control throughout manufacturing and distribution processes.
  D. To visualize detailed process steps, thereby gaining a better understanding of intricacies of the process.
  A. To reveal the inefficiencies in the physical layout of the facility.

• Question 103:

  An organization owns vehicles that are kept off-site by employees to pick up and deliver orders. An internal auditor selects a specific vehicle from the fixed asset register for testing. Which of the following would best provide sufficient, indirect evidence for the auditor to Confirm the existence of the vehicle?

  A. Review logs of the vehicles assigned to employees for the delivery of goods during the engagement period.
  B. Visit the home address of the specific employee to see the selected vehicle.
  C. Compare the registered details of the vehicle in the fixed asset register to a date-stamped photograph of the vehicle.
  D. Seek independent Confirmation of the vehicle's details from one of the delivery employees.
  C. Compare the registered details of the vehicle in the fixed asset register to a date-stamped photograph of the vehicle.

• Question 104:

  While conducting a review of the logistics department, the internal audit team identified a crucial control weakness. The chief audit executive (CAE) decided to prepare an audit memorandum for the management of the logistics department, followed by an informal meeting. What is the most likely reason the CAE decided to prepare the audit memorandum?

  A. To report up-to-date audit progress to management
  B. To ensure that the internal audit team and the CAE are aligned with regard to the identified weakness
  C. To allow management to address the identified weakness timely
  D. To obtain management's agreement with regard to the identified weakness
  C. To allow management to address the identified weakness timely

• Question 105:

  A newly promoted chief audit executive (CAE) is faced with a backlog of assurance engagement reports to review for approval. In an attempt to attach a priority for this review, the CAE scans the opinion statement on each report. According to IIA guidance, which of the following opinions would receive the lowest review priority?

  1.Graded positive opinion.

  2.Negative assurance opinion.

  3.Limited assurance opinion.

  4.Third-party opinion.

  A. 1 and 3
  B. 1 and 4
  C. 2 and 3
  D. 2 and 4
  C. 2 and 3

• Question 106:

  In order to obtain background information on an assigned audit of data center operations, an internal auditor administers control questionnaires to selected individuals who have primary responsibilities within the process. Which of the following is a drawback of this approach?

  A. It will be difficult to quantify the information obtained through this approach.
  B. This approach does not help the auditor learn about the existence of controls.
  C. It takes the auditor a long time to assess the relevant controls using this approach.
  D. Information on control functionality is limited.
  D. Information on control functionality is limited.

• Question 107:

  Which of the following is essential for ensuring that the internal audit activity's findings and recommendations receive adequate consideration?

  A. Reporting results of audits with recommendations to management.
  B. Providing formal follow-up procedures to ensure that management complies with an action plan or accepted risk of not taking action.
  C. Reporting quarterly to management that the audit plan is focused on higher exposures of risk.
  D. Discussing audit findings with independent auditors.
  B. Providing formal follow-up procedures to ensure that management complies with an action plan or accepted risk of not taking action.

• Question 108:

  Which of the following examples would an internal auditor consider the least reliable form of evidence?

  A. A vendor invoice.
  B. A letter from an outside attorney.
  C. An internal time card approved by the supervisor.
  D. A process map prepared by the auditor.
  B. A letter from an outside attorney.

• Question 109:

  An internal auditor is discussing an audit problem with an engagement client. While listening to the client, the internal auditor should:

  A. Prepare a response to the client.
  B. Take mental notes on the speaker's nonverbal communication, as it is more important than what is being said.
  C. Make sure that all details, as well as the main ideas of the client, are remembered.
  D. Integrate the incoming information from the client with information that is already known.
  D. Integrate the incoming information from the client with information that is already known.

• Question 110:

  Which of the following is not a direct benefit of control self-assessment (CSA)?

  A. CSA allows management to have input into the audit plan.
  B. CSA allows process owners to identify, evaluate, and recommend improving control defficiencies.
  C. CSA can improve the control environment.
  D. CSA increases control consciousness.
  A. CSA allows management to have input into the audit plan.