IIA IIA-CIA-Part2 CIA Exam Part Two: Practice of Internal Auditing Online Training
IIA IIA-CIA-Part2 Online Training
The questions for IIA-CIA-Part2 were last updated at Jan 29,2025.
- Exam Code: IIA-CIA-Part2
- Exam Name: CIA Exam Part Two: Practice of Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 29,2025
The audit plan is aligned with the organization’s goals.
- A . 1 and 2 only
- B . 3 and 4 only
- C . 1, 2, and 4
- D . 1, 3, and 4
As part of internal audit’s assistance with an annual external audit, the internal auditors are required to do a preliminary analytical review of an bank account balances. This involves verifying the current year end balances as web as comparing the current year end balances with previous year end balances to highlight significant changes.
Which of the following is the most reliable source for verification of the current year end bank balances?
- A . Bank confirmations
- B . Internal bonk statements
- C . Bank reconciliations as of the end of the year
- D . Bank account general ledger balancer as of the end of the year
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
- A . Proposing fine item recommendation lot the annual financial budget of the accounting department
- B . Making recommendations regarding financial approval authority limits for the operations department
- C . Validating whether employees are following established policies and procedures in the procurement department
- D . Generating expense report metrics for employees in the finance department
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
- A . Proposing fine item recommendation lot the annual financial budget of the accounting department
- B . Making recommendations regarding financial approval authority limits for the operations department
- C . Validating whether employees are following established policies and procedures in the procurement department
- D . Generating expense report metrics for employees in the finance department
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
- A . Proposing fine item recommendation lot the annual financial budget of the accounting department
- B . Making recommendations regarding financial approval authority limits for the operations department
- C . Validating whether employees are following established policies and procedures in the procurement department
- D . Generating expense report metrics for employees in the finance department
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
- A . Proposing fine item recommendation lot the annual financial budget of the accounting department
- B . Making recommendations regarding financial approval authority limits for the operations department
- C . Validating whether employees are following established policies and procedures in the procurement department
- D . Generating expense report metrics for employees in the finance department
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
- A . Proposing fine item recommendation lot the annual financial budget of the accounting department
- B . Making recommendations regarding financial approval authority limits for the operations department
- C . Validating whether employees are following established policies and procedures in the procurement department
- D . Generating expense report metrics for employees in the finance department
The same individuals who receive the final report.
- A . 1 only
- B . 1 and 2 only
- C . 1, 2, and 3
- D . 1, 2, and 4
An internal auditor uses a data query tool in the purchasing process to review the vendor master file for authorizations.
Which of the following describes the control objective likely being tested?
- A . Effectiveness
- B . Response
- C . Efficiency
- D . Mitigation.
An internal auditor was reviewing the procurement department’s tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database.
Which of the following courses of action would have prevented this situation?
- A . The auditor should have ensured the preservation of audit evidence by taking screenshots or extracting tender documents
- B . The auditor should have extracted a list of logs and identified any actions that were executed in the database during the audit
- C . The auditor should have instructed procurement workers that changes to the database during the course of the audit were strictly forbidden
- D . The internal auditor should have created a more thorough work program, which would address audit criteria and potential causes in more detail
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