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

IIA IIA-CIA-PART2 Online Questions & Answers

• Question 321:

  According to IIA guidance, which of the following reflects a valid principle for the internal audit activity to rely on the work of internal or external assurance providers?

  A. Elements of evaluation.
  B. Elements of organization.
  C. Elements of practice.
  D. Elements ofconfidentiality.
  C. Elements of practice.

• Question 322:

  A bank is developing an integrated customer information system. The type of audit involvement that would most likely help avoid implementation of a system that does not cover all types of accounts would be:

  A. A design review.
  B. An application control review.
  C. A source code review.
  D. An access control review.
  A. A design review.

• Question 323:

  Which of the following types of consulting engagements is most appropriate for assessing an organization's inherent and residual risks?

  A. Risk and control self-assessments.
  B. Business process improvement.
  C. Internal control training.
  D. Internal control review.
  A. Risk and control self-assessments.

• Question 324:

  Which of the following steps is conducted first in the planning stage of an assurance engagement?

  A. Identification of the inherent risks of the audited process or project
  B. Identification of objectives of the audited process or project
  C. Identification of risk responses applied for the audited project or process
  D. Identification of the design of controls of the audited process or project
  B. Identification of objectives of the audited process or project

• Question 325:

  According to IIA guidance, how should an internal auditor apply any relevant information obtained from an internal consulting engagement during a related internal audit engagement?

  A. Document any facts obtained and include them as part of the audit engagement workpapers.
  B. Rely upon the information to draw conclusions about the effectiveness of controls.
  C. Use the knowledge obtained to evaluate the effectiveness of internal control processes.
  D. Objectivity requires that this information should not be used in any part of the audit engagement.
  C. Use the knowledge obtained to evaluate the effectiveness of internal control processes.

• Question 326:

  According to IIA guidance, which of the following statements is false regarding a review of the controls in place to prevent fraud?

  A. The review should focus on the efficiency of the controls in place to prevent fraud.
  B. The scope of the review does not need to include all operating areas of the organization.
  C. The cost of the control should be compared to the benefit of mitigating the related risk.
  D. The review should assess whether the internal controls can be circumvented.
  A. The review should focus on the efficiency of the controls in place to prevent fraud.

• Question 327:

  Which of the following is a true statement regarding the use of flowcharts as an audit tool?

  A. Flowcharts are typically not well suited to support information provided by a risk and control matrix.
  B. Flowcharts are preferred to narratives, as they can provide much greater detail on the design and operation of a process.
  C. Flowcharts are best applied to linear process flows but cannot address all risks related to the process.
  D. Flowcharts describe process steps but cannot provide the level of detail needed to adequately assess the design of the process.
  C. Flowcharts are best applied to linear process flows but cannot address all risks related to the process.

• Question 328:

  A code of business conduct provides:

  A. A fraud avoidance plan that does not explicitly describe punishments for violations.
  B. A passive method of fraud deterrence.
  C. A program to anonymously report irregularities to authorities.
  D. An alternative to "tone at the top" programs.
  B. A passive method of fraud deterrence.

• Question 329:

  During a review of performance measures in an organization's purchasing function, the preliminary survey indicates that most of the measures have been in use for some time. The internal auditor should:

  A. Review the data that was used to develop the measures.
  B. Perform benchmarking in order to verify that the measures being used are meaningful.
  C. Establish the history of the measures and reasons for use.
  D. Report that the measures being used are out-of-date and should be improved.
  B. Perform benchmarking in order to verify that the measures being used are meaningful.

• Question 330:

  According to IIA guidance, which of the following is the key planning step internal auditors should perform to establish appropriate engagement objectives prior to starting an audit engagement?

  A. Review the organizational structure, management roles and responsibilities, and operating procedures.
  B. Evaluate management's risk assessment and the internal audit activity's risk assessment.
  C. Assess process ow and control documents used to meet regulatory requirements.
  D. Review meeting notes from discussions involving management of the area to be reviewed.
  A. Review the organizational structure, management roles and responsibilities, and operating procedures.