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

IIA IIA-CIA-PART2 Online Questions & Answers

• Question 181:

  An internal auditor is planning to audit the organization's payroll function, which was recently outsourced. Which of the following is the most appropriate first step for the auditor?

  A. Review management's organ nationwide risk assessment
  B. Understand the objectives and strategies of the new arrangement
  C. Revise the scope of the audit engagement
  D. Form objectives for the audit engagement
  B. Understand the objectives and strategies of the new arrangement

• Question 182:

  Which of the following internal audit activity staffing models has the disadvantage that auditors are always new and in training?

  A. Career model.
  B. Center of competence model.
  C. Rotational model.
  D. Hybrid model.
  A. Career model.

• Question 183:

  Which of the following statements is true regarding internal control questionnaires?

  A. An internal control questionnaire is a useful tool during the reporting stage of engagements.
  B. "No" answers in internal control questionnaires indicate that corroborative evidence should be obtained, while "Yes" answers indicate the need to investigate an apparent weakness.
  C. One disadvantage of internal control questionnaires is that internal auditors cannot use them as an interview guide.
  D. An internal control questionnaire is most useful for locations that have standard operating procedures that are centrally designed.
  D. An internal control questionnaire is most useful for locations that have standard operating procedures that are centrally designed.

• Question 184:

  One method for dealing with the uncertainty of demand forecasts used in linear programming is to extend the model solution to include.

  A. Sensitivity analysis.
  B. Goal seeking.
  C. Branch-and-bound solutions.
  D. Nonlinear programming.
  A. Sensitivity analysis.

• Question 185:

  Which document should the internal audit activity prepare during an assurance engagement to document the audit procedures of identifying, analyzing, evaluating, and obtaining information during the engagement?

  A. Audit work program
  B. Audit plan
  C. Assurance map
  D. Audit charier
  A. Audit work program

• Question 186:

  Which of the following is the best approach for the internal audit activity to communicate moderate and high risk observations to management?

  A. Prepare a formal observation worksheet for all observations identified and send to management to review and provide feedback at the end of fieldwork.
  B. Verbally communicate the high risk observations to management when identified and prepare a documented worksheet that includes the root cause, effect, and recommendations.
  C. Prepare a formal observation worksheet for the high risk observations and a separate worksheet for the medium risk observations in an email to management.
  D. Verbally communicate all observations to management at the end of fieldwork and provide a formal worksheet for review and feedback.
  B. Verbally communicate the high risk observations to management when identified and prepare a documented worksheet that includes the root cause, effect, and recommendations.

• Question 187:

  According to the Standards, which of the following statements is true regarding the content, organization, and format of engagement workpapers?

  A. They generally vary by organization and the nature of the engagement.
  B. They generally vary by industry, and the guidelines for them are Defined by The IIA.
  C. They generally vary by county, and the nature should be Defined by local governments.
  D. They should be established by organizational shareholders.
  A. They generally vary by organization and the nature of the engagement.

• Question 188:

  Which of the following sources of testimonial evidence would be considered the most reliable regarding whether a process is effectively performed according to its design?

  A. The person responsible for performing the task
  B. Two or more people that work in the area
  C. The supervisor in charge of the process
  D. The manager that wrote the steps to be followed
  C. The supervisor in charge of the process

• Question 189:

  An internal auditor is asked to review a recently completed renovation to a retail outlet. Which of the following would provide the most reliable evidence that the completed work conformed to the plan?

  A. An interview with the employee who performed the work.
  B. An analysis of purchasing and receiving documentation.
  C. Existence of a signed completion document accepting the work.
  D. A physical inspection of the retail outlet.
  D. A physical inspection of the retail outlet.

• Question 190:

  Which of the following best describes the manual audit procedure known as vouching?

  A. Testing the validity of information by following it backward to a previously prepared record
  B. Testing the accuracy of the control by reperforming the task or process required
  C. Soliciting and obtaining written verification of the accuracy from an independent third party
  D. Testing the completeness of information forward from a record to a subsequently prepared document
  A. Testing the validity of information by following it backward to a previously prepared record