Free Online IIA IIA-CIA-Part2 Practice Test

Prepare Your IIA IIA-CIA-Part2 Exam Questions with Free online IIA-CIA-Part2 Practice Test. Get Brilliant Practice of Internal Auditing Exam Results with Valid IIA CIA Part 2 Exam Dumps.

Page: 1 / 206

Total 1029 Questions | Updated On: May 14, 2024

Add To Cart

Question 1

Which characteristic of risk assessment makes it a useful tool for audit planning?

Section: Volume C

A : It provides a list of auditable activities in the organization.

B : It ranks the severity of potentially adverse effects on the organization

C : It provides a process for identifying and analyzing potentially adverse effects

D : It evaluates the probability that an event or action may adversely affect the organization.

Answer: C

Question 2

Which of the following is the most important determinant of the objectives and scope of assurance engagements?

Section: Volume E

A : The organizational chart, business objectives, and policies and procedures of the area to be reviewed.

B : The most recent risk assessment conducted by management of the area to be reviewed.

C : The requests of operational and senior management throughout the organization.

D : The preliminary risk assessment performed by internal auditors planning the engagement.

Answer: A

Question 3

An organization does not have a formal risk management function. According to the Standards, which of the

following are conditions where the internal audit activity (IAA) may provide risk management consulting?

There is a clear strategy and timeline to migrate risk management responsibility back to management.
The IAA has the final approval on any risk management decisions.
The IAA does not give objective assurance on any part of the risk management framework for which it is responsible.
The nature of services provided to the organization is documented in the internal audit charter.

Section: Volume D

A :

1, 2, and 3 only

B :

1, 2, and 4 only

C :

Â 1, 3, and 4 only

D :

2, 3, and 4 only

Answer: C

Question 4

An organization has a mature control environment but limited internal audit resources Given this scenario, on which of the following should the internal auditors focus their testing?

A : Detective compensating controls

B : Preventive compensating controls

C : Detective Key controls

D : Preventive key controls

Answer: D

Question 5

As a result of a recent discovery of false information on employment applications, an internal auditor has

reviewed hiring procedures. Which of the following represents a weakness in the control system?

I. Applicants are not required to have their signed applications legally authenticated.

II. Applicants' educational information is not validated with the educational institution before employment is

offered.

III. Information related to applicants' long-term work history is not validated before employment is offered.

Section: Volume B

A : III only

B : I and II only

C : II and III only

D : I, II, and III

Answer: C

Page: 1 / 206

Total 1029 Questions | Updated On: May 14, 2024

Add To Cart