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

IIA IIA-CIA-PART2 Online Questions & Answers

• Question 801:

  A chief audit executive (CAE) of a major retailer has engaged an independent firm of information security specialists to perform specialized internal audit activities. The CAE can rely on the specialists' work only if it is:

  A. Performed in accordance with the terms of the contract.
  B. Carried out in accordance with the Standards.
  C. Performed under the supervision of the information technology department.
  D. Carried out using standard review procedures for retailers.
  B. Carried out in accordance with the Standards.

• Question 802:

  Which of the following is a responsibility of the internal auditor once a fraud investigation has been concluded?

  A. Ascertain the extent to which fraud has been perpetrated.
  B. Notify the appropriate regulatory authorities regarding the outcome of the investigation.
  C. Determine if controls need to be implemented or strengthened to reduce future vulnerability.
  D. Implement controls to prevent future occurrences.
  C. Determine if controls need to be implemented or strengthened to reduce future vulnerability.

• Question 803:

  Which of the following would have the least significance in an audit of the efficiency of a driver's license testing facility?

  A. Clerical staff administer written tests to allow examiners more time to supervise driving tests.
  B. Staff are cross-trained to provide backup for other areas of the facility as required.
  C. A point-of-sale cashiering system reduces the need to reenter payment data.
  D. Examiners are required to be recerti ed on an annual basis.
  D. Examiners are required to be recerti ed on an annual basis.

• Question 804:

  Which of the following recommendation types is most likely to propose the most long-term solutions?

  A. Condition-based recommendations
  B. Cause-based recommendations
  C. Effect-based recommendations
  D. Root cause-based recommendations
  D. Root cause-based recommendations

• Question 805:

  During an audit engagement, the internal auditor discovered that physical security of the data center did not meet the organization's established requirements. The chief information security officer stated he would implement new procedures to minimize security threats by the end of the quarter. Which of the following would be the best way to follow up on the audit finding?

  A. Schedule thorough interviews with the personnel responsible.
  B. Analyze relevant expense reports and invoices related to physical security enhancements.
  C. Prepare a checklist of security issues and visit the site.
  D. Request a list of implemented improvements with formal Confirmation by the chief information security officer.
  C. Prepare a checklist of security issues and visit the site.

• Question 806:

  Below is a flowchart detailing an organization's bank reconciliation process. Which of the following conclusions can be drawn from the flowchart?

  

  A. There is a conflict in the segregation of duties between preparing bank reconciliations and posting payments to the accounting books.
  B. There is an appropriate segregation of duties in the treasury department during the bank reconciliation process.
  C. There is a large workload for the treasury accountant during the bank reconciliation process.
  D. Bank statements should be obtained at a higher level, such as through the treasury supervisor.
  B. There is an appropriate segregation of duties in the treasury department during the bank reconciliation process.

• Question 807:

  Which of the following data collection strategies systematically tests the effects of various factors on an outcome?

  A. Content analysis.
  B. Sampling.
  C. Evaluation synthesis.
  D. Modeling.
  D. Modeling.

• Question 808:

  According to IIA guidance, which of the following statements is true regarding high-quality engagement workpapers?

  A. Workpapers should facilitate reperformance of the engagement by another auditor.
  B. Workpapers should be in electronic format for efficiency and timely review.
  C. Workpapers should contain only preapproved work programs and formats.
  D. Workpapers should ensure that all information gathered during the engagement is retained.
  A. Workpapers should facilitate reperformance of the engagement by another auditor.

• Question 809:

  Which of the following procedures would provide the best evidence of the effectiveness of a credit-granting function?

  A. Observe the process.
  B. Review the trend in receivables write-offs.
  C. Ask the credit manager about the effectiveness of the function.
  D. Check for evidence of credit approval on a sample of customer orders.
  B. Review the trend in receivables write-offs.

• Question 810:

  Which of the following would be the most persuasive form of audit evidence regarding the performance of the accounts receivable department?

  A. Documented policies and procedures of the accounts receivable process and organizational chart showing the employees responsible for each procedure.
  B. Confirmation with customers regarding the existence of receivables.
  C. Copies of contracts with key customers.
  D. A recently completed accounts receivable aging report.
  C. Copies of contracts with key customers.