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 28,2025.
- Exam Code: IIA-CIA-Part2
- Exam Name: CIA Exam Part Two: Practice of Internal Auditing
- Certification Provider: IIA
- Latest update: Jan 28,2025
Which of the following statements generally true regarding audit engagement planning?
- A . The best source tor detailed process information is senior management
- B . Audit objectives should be general and do not change.
- C . Computer-assisted audit techniques are typically not useful during engagement planning
- D . Internal auditors should prepare a dented audit program for testing controls
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 . Ask the external auditor to review the same transaction again as an independent third party
- B . Consult account accounting principles, standards, and relevant guidelines in regard to timing of the entry
- C . Interview the chief financial officer and obtain her opinion on how the transactions should be recorded
- D . Compare the recording of this transaction to now similar ones were executed last year
A chief audit executive (CAE) is trying to balance the internal audit activity’s needs for technical audit skills budget efficiency and staff development opportunities.
Which of the following would best assist the CAE in achieving this balance1?
- A . Strategic sourcing
- B . Loan staff arrangement
- C . Flat organizational structure
- D . Hierarchical organizational structure
According to IIA guidance which of the following statements is true regarding the annual audit plan?
- A . The annual audit plan should only be adjusted in response to problems with resourcing, scope, and data availability.
- B . The chief audit executive (CAE) may incorporate risk information, including risk appetite levels from management for the audit plan at her discretion.
- C . In an immature risk management environment it is preferable for the CAE to rely solely on her judgment regarding risk identification and assessment to develop the audit plan.
- D . The CAE may make adjustments to the annual audit plan as needed without senior management or board approval.
Which of the following is an appropriate documentation of proper engagement supervision?
- A . A completed engagement workpaper review checklist.
- B . The supervisor’s review notes on engagement workpapers.
- C . The email exchanges between the audit team and the supervisor.
- D . A supervisor’s approval of resources allocated to the engagement
Which of the following is an appropriate documentation of proper engagement supervision?
- A . A completed engagement workpaper review checklist.
- B . The supervisor’s review notes on engagement workpapers.
- C . The email exchanges between the audit team and the supervisor.
- D . A supervisor’s approval of resources allocated to the engagement
Which of the following is an appropriate documentation of proper engagement supervision?
- A . A completed engagement workpaper review checklist.
- B . The supervisor’s review notes on engagement workpapers.
- C . The email exchanges between the audit team and the supervisor.
- D . A supervisor’s approval of resources allocated to the engagement
Which of the following is an appropriate documentation of proper engagement supervision?
- A . A completed engagement workpaper review checklist.
- B . The supervisor’s review notes on engagement workpapers.
- C . The email exchanges between the audit team and the supervisor.
- D . A supervisor’s approval of resources allocated to the engagement
Which of the following is an appropriate documentation of proper engagement supervision?
- A . A completed engagement workpaper review checklist.
- B . The supervisor’s review notes on engagement workpapers.
- C . The email exchanges between the audit team and the supervisor.
- D . A supervisor’s approval of resources allocated to the engagement
Submit management’s plan of action to the external auditors for additional review.
- A . 1 and 2
- B . 1 and 4
- C . 2 and 3
- D . 3 and 4
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