Free IIA IIA-CIA-Part2-3P Exam Questions

Become IIA Certified with updated IIA-CIA-Part2-3P exam questions and correct answers

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Total 485 Questions | Updated On: Jul 28, 2025

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Question 1

Which of the following is the primary purpose of implementing a program whereby employees are rotated from other parts of the organization into the internal audit activity?

A : provides the internal audit activity with more resourcing options to meet the audit plan

B : offers internal auditors the opportunity to learn more about other work areas.

C : gives nonauditors a better understanding of the control environment.

D : provides an opportunity for the recruitment of employees as permanent internal auditors

Answer: B

Question 2

Which of the following is an appropriate documentation of proper engagement supervision?

A : completed engagement workpaper review checklist.

B : supervisor's review notes on engagement workpapers.

C : email exchanges between the audit team and the supervisor.

D : upervisor's approval of resources allocated to the engagement

Answer: B

Question 3

Which of the following best describes external benchmarking using trend analysis for a subsidiary of an international company?

A : mparing the current ratio of the subsidiary with the current ratio of another company for the same period

B : mparing common-size financial statements of the subsidiary with the averages of the industry for the last two periods

C : mparing the sales of the subsidiary with the sales of another subsidiary for the last two periods.

D : mparing the sales of the subsidiary with the budgeted figures for the last two periods

Answer: B

Question 4

An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader. How should tie internal auditor respond?

A : k the external auditor to review the same transaction again as an independent third party

B : nsult account accounting principles, standards, and relevant guidelines in regard to timing of the entry

C : terview the chief financial officer and obtain her opinion on how the transactions should be recorded

D : mpare the recording of this transaction to now similar ones were executed last year

Answer: B

Question 5

Acceding to IIA guidance, which of the following statements is true regarding the risk assessment process performed by the internal audit activity?

A : assessment of high-level risks is typically a linear process.

B : nagement should create the preliminary risk matrix

C : analysis should begin with ne identification of objectives

D : kelihood should receive greater consideration than impact

Answer: C

Page: 1 / 97

Total 485 Questions | Updated On: Jul 28, 2025

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