IIA-CIA-Part2 exam

An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...

What is the best course of action for a chief audit executive if an internal auditor identifies in the early stage of an audit that some employees have inappropriate access to a key system?A . Contact the audit committee chair to discuss the findingB . Obtain verbal assurance from management...

An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...

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 sourcingB . Loan staff arrangementC . Flat organizational structureD . Hierarchical...

Third-party opinion.A . 1 and 3B . 1 and 4C . 2 and 3D . 2 and 4View AnswerAnswer: C

An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...

At a construction company, an internal auditor is planning an audit of the company's process for designing and building grid connections. The process involves customers making payments m three parts • The first payment of 10% after approval of the customer s application • The second payment of 70% prior...

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...

An internal auditor conducted interviews with several employees, documented the interviews analyzed the summaries, and drew a number of conclusions. What sort of audit evidence has the internal auditor primarily obtained?A . Documentary evidenceB . Testimonial evidenceC . Analytical evidenceD . Physical evidenceView AnswerAnswer: A

Which of the following information is most appropriate for the chief audit executive to share when coordinating audit plans with other internal and external assurance providers?A . Objectives scope and timing at a high level to support coordination while adhering to confidentiality requirementsB . The area and timing of the...