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
An internal auditor is assigned to validate calculations on the organization’s building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing.
Which of the following would most appropriately be used for this purpose?
- A . Generalized audit software.
- B . Utility software
- C . integrated test facilities
- D . Audit expert systems
An internal auditor is assigned to validate calculations on the organization’s building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing.
Which of the following would most appropriately be used for this purpose?
- A . Generalized audit software.
- B . Utility software
- C . integrated test facilities
- D . Audit expert systems
The cost of modifying the sales system to include a preventive control is less than
S100.000
- A . 1 only
- B . 3 only
- C . 1 and 3 only
- D . 1, 2, and3
An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?
- A . Verifying the existence of inventory items in each warehouse
- B . Assigning the tolerable deviation rate to determine the sample size
- C . Valuating the obsolete Inventory from all the warehouse locations
- D . Confirming that the purchased items are recorded In the correct period
Which of the following situations would justify the removal of a finding from the final audit report?
- A . Management disagrees with the report findings and conclusions in their responses.
- B . Management has already satisfactorily completed the recommended corrective action.
- C . Management has provided additional information that contradicts the findings.
- D . Management believes that the finding is insignificant and unfairly included in the report.
An internal auditor is conducting a financial audit.
Which of the following audit procedures is most appropriate when existing internal controls are weak?
- A . Analytical procedures.
- B . Detail testing.
- C . Test of design.
- D . Test of control.
During a review of the treasury function an internal auditor identified a risk that all bank accounts may net to include in the daily reconciliation process.
Which of the following responses would be most effective to mitigate this risk?
- A . The treasury supervisor establishes a threshold for amounts on bank statements to be reconciled against data in the system
- B . The treasury analyst performs a daily reconciliation of al bank statements obtained via email against data in the system
- C . The treasury analyst reviews a daily report automatically generated by the treasury system, which shows bank statements that have not been uploaded into the accounting system.
- D . The treasury supervisor seeks an annual confirmation from the bank regarding the bank statements processed within a year
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