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: Jun 05, 2025

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Question 1

An internal auditor e assessing the design of a control and has identified a potential significant weakness. The auditor shared his concern with management however management does not agree that the weakness is significant. What should the internet auditor do next?

A : rform additional audit work to better articulate the risk

B : port the finding that management has accepted a level of risk that is unacceptable.

C : oceed to testing how effectively the control is opening.

D : cause the design weakness has been identified no additional audit work is needed

Answer: A

Question 2

Which of the following best exemplifies having effective risk management and internal control processes?

A : levant risk indicators and mitigation plans are in place

B : l risks are identified and assessed

C : iness profitability is likely to be achieved

D : k information is communicated to customers and suppliers

Answer: C

Question 3

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 4

An organization decides to create an internal audit function and hires a new chief audit executive (CAE). Which of the following should the CAE first consider when developing the internal audit process?

Section: Volume D

A : quirements of the external auditors to ensure an efficient coordination of audit effort.

B : fficient resources to adequately meet the needs of the annual audit plan.

C : ignment of internal audit objectives with the organization's strategic plan

D : appropriate training plan for audit staf

Answer: C

Question 5

Besides a chief audit executive's professional experience what determines the frequency and approach to assessing residual risk?

A : frequency of executing the internal audit engagements

B : frequency of changes in the organization environment

C : expectations set by the board and senior management

D : expectations set by operating management and senior management

Answer: B

Page: 1 / 97

Total 485 Questions | Updated On: Jun 05, 2025

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