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: Apr 29, 2026

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Question 1

According to IIA guidance, which of re following actions should the internal auditor take immediately after having considered fraud scenarios and identified and prioritized fraud risks?

A : termine which controls if any are in place to mitigate the fraud risks

B : llow protocol for internal reporting and investigating fraud allegations

C : earch frauds that nave occurred t\ similar organizations

D : corporate the fraud risk assessment into the engagement plan

Answer: A

Question 2

Which of the following is the most appropriate approach for the internal audit activity to follow up on management action plans?

A : eate a tracking system for follow up

B : ure that follow-up activities are performed at least weekly.

C : legate follow-up activities to qualified administrative staff within the business unit

D : ure that follow-up activities are performed by the most senior auditor on staff

Answer: A

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

Which of the following audit steps would an internal auditor perform when reviewing cash disbursements to satisfy IIA guidance on due professional care?

A : calculated statistical sample size is 50 however the internal auditor believes errors exist so he decides to increase the sample size to 80

B : internal auditor traces serial numbers of computer equipment listed on an invoice to the fixed asset inventory

C : internal auditor reviews the accounts payable manager's petty cash fund and vouchers

D : internal auditor reviews the related invoice purchase order and receiving report for each sample selection

Answer: D

Question 5

Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?

A : Stop-or-go sampling.

B : Probability-to-proportional size sampling.

C : Classical variable sampling.

D : Discovery sampling.

Answer: C

Page: 1 / 97

Total 485 Questions | Updated On: Apr 29, 2026

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