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

IIA IIA-CIA-PART2 Online Questions & Answers

• Question 831:

  The use of standard operating procedure questionnaires in audit fieldwork can be bene cial because.

  A. These questionnaires can both identify discrepancies and educate clients.
  B. Standard operating procedures are essential to the effectiveness and efficiency of operations.
  C. These questionnaires are more comprehensive than are other types of techniques for gathering data during eldwork.
  D. These questionnaires do not normally require prior clearance with management of the audited area.
  A. These questionnaires can both identify discrepancies and educate clients.

• Question 832:

  According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?

  A. The follow-up manual procedures.
  B. The internal audit charter.
  C. The agreement made between internal auditors and management.
  D. The risks and exposures involved.
  D. The risks and exposures involved.

• Question 833:

  During the planning phase of an assurance engagement, an internal auditor seeks to gain an understanding of how well the area under review is accomplishing its objectives. Which of the following information-gathering techniques is the auditor most likely to use?

  A. A review of the key performance indicators of the area under review.
  B. A walkthrough of the key processes of the area under review.
  C. An interview with the manager regarding the area's business plan.
  D. A review of previous audit and follow-up results of the area under review.
  B. A walkthrough of the key processes of the area under review.

• Question 834:

  An internal auditor interviewed the head of security as part of an engagement to assess the safeguarding of sensitive equipment at facilities. Based on this interview, the auditor concluded that the facilities had adequate security measures in place to safeguard the sensitive equipment. Which of the following actions should the auditor have taken to meet the engagement objective?

  A. The auditor should have performed follow-up interviews with the head of security to determine whether there are changes in the initial provided response.
  B. The auditor should have interviewed additional security personnel to corroborate the story before documenting the conclusion.
  C. The auditor should have performed onsite inspections of the facilities to corroborate information obtained from the interview.
  D. The auditor should have compared the security policies and procedures to the information provided from the interview and searched for discrepancies.
  C. The auditor should have performed onsite inspections of the facilities to corroborate information obtained from the interview.

• Question 835:

  An internal audit activity is planning a review of the organization's crisis management practices. The internal audit staff created a heat map to show the significance of identified risks. The chief audit executive (CAE) challenges the heat map for failing to convey how long it would take the organization to feel the effect from these risk events. Which of the following should be added to the heat map to address the CAE's concern?

  A. Risk capacity.
  B. Velocity ratings of risks.
  C. Inherent and residual risk levels.
  D. Quantification of risk ratings.
  B. Velocity ratings of risks.

• Question 836:

  During the fieldwork phase of an assurance engagement, the internal auditor decides that she wants to adjust the audit work program. Which of the following is the most appropriate next step for the auditor to take?

  A. Request additional information needed from management of the area under review.
  B. Obtain approval from the engagement supervisor.
  C. Obtain the required resources, including IT, to complete the work.
  D. Discuss the change in scope with management of the area under review.
  B. Obtain approval from the engagement supervisor.

• Question 837:

  The internal audit activity is currently working on several engagements, including a consulting engagement on the management process in the human resources department. Which of the following actions should the chief audit executive take to most efficiently and effectively ensure the quality of the engagement?

  A. Assign an experienced manager to monitor the whole engagement process.
  B. Employ fieldwork peer review to enhance the work quality.
  C. Require internal auditors to follow a standardized work program.
  D. Personally supervise the engagement.
  B. Employ fieldwork peer review to enhance the work quality.

• Question 838:

  The chief audit executive established an internal audit activity (IAA) performance standard requiring all audit reports to be issued within 48 hours of the exit meeting with the client. Which of the following describes an exit meeting strategy that would best help the IAA meet this performance standard?

  A. The objective of the exit meeting is to reach agreement on audit observations.
  B. The objective of the exit meeting is to solicit action plans for audit observations.
  C. The objective of the exit meeting is to Confirm final details of eldwork.
  D. The objective of the exit meeting is to Confirm understanding of audit results
  D. The objective of the exit meeting is to Confirm understanding of audit results

• Question 839:

  Which of the following actions is related to the preliminary survey process?

  A. Determining if controls are effective.
  B. Preparing the engagement work program.
  C. Identifying the current controls.
  D. Completing a detailed test of controls.
  C. Identifying the current controls.

• Question 840:

  The human resources (HR) department was last reviewed three years ago and is due for an assurance engagement after undergoing recent process changes. Which of the following would be the most effective option to help identify the HR department's risks and controls?

  A. Meet with the chief operating officer to obtain information about the HR department.
  B. Review the previous internal audit report and focus on key audit observations and action plans.
  C. Review the organization's risk strategy and risk appetite framework.
  D. Discuss the department's present strategies and objectives with the head of the HR department.
  D. Discuss the department's present strategies and objectives with the head of the HR department.