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: Mar 24, 2026

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Question 1

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

Question 2

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 3

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 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

To compete in the global market, an organization is restructuring and consolidating many of its divisions. Prior to the consolidation, senior management requested assistance from tie internal audit activity. Which of the following consulting services would be most appropriate in this situation?

A : ess controls for potential compliance issues that may affect me consolidation

B : ief vendors on the potential risks that will occur without continued business

C : vise division managers on how to streamline operations for better efficiency

D : termine whether the organization's controls are effective in meeting business objectives

Answer: C

Page: 1 / 97

Total 485 Questions | Updated On: Mar 24, 2026

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