IIA IIA-CIA-Part2 Übungsprüfungen
Zuletzt aktualisiert am 24.04.2025- Prüfungscode: IIA-CIA-Part2
- Prüfungsname: CIA Exam Part Two: Practice of Internal Auditing
- Zertifizierungsanbieter: IIA
- Zuletzt aktualisiert am: 24.04.2025
The final internal audit report should be distributed to which of the following individuals?
- A . Audit client management only
- B . Executive management only
- C . Audit client management, executive management, and others approved by the chief audit executive.
- D . Audit client management, executive management, and any those who request a copy.
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
An internal auditor completed a review of expenses related to the launch of a new project. The auditor sampled 45 transactions approved by a senior project manager and identified 30 with questionable vendor documentation.
Which of the following is the most appropriate conclusion for the auditor to include in the audit report?
- A . The organization incurred excessive cost overruns that resulted in significant financial and legal risk to the project.
- B . The organization experienced a potential conflict of interest
- C . The organization had weaknesses in its review process which allowed questionable transactions with some vendors
- D . The organization allowed the project to launch without assurance that all transactions were regularly approved
Which of the following is the most important concept to be included in a consulting engagement agreement?
- A . Define the duties and responsibilities needed from management to perform the engagement.
- B . Disclose the fact that auditors who perform the work may not be subject matter experts in the topic of the review.
- C . Clarify that matters discovered during the engagement may also be reported to senior management and the audit committee.
- D . Disclose the fact that follow-up reviews may be conducted to ensure that recommendations are implemented adequately.
When forming an opinion on the adequacy of management’s systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?
• During an audit of the hiring process in a law firm, it was discovered that potential employees‘ credentials were not always confirmed sufficiently. This process remained unchanged at the following audit.
• During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit.
• During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased.
• During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting area. It was corrected immediately.
- A . 1 and 3 only
- B . 1 and 4 only
- C . 2 and 3 only
- D . 2 and 4 only
When forming an opinion on the adequacy of management’s systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?
• During an audit of the hiring process in a law firm, it was discovered that potential employees‘ credentials were not always confirmed sufficiently. This process remained unchanged at the following audit.
• During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit.
• During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased.
• During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting area. It was corrected immediately.
- A . 1 and 3 only
- B . 1 and 4 only
- C . 2 and 3 only
- D . 2 and 4 only
If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?
- A . Acts that may endanger the health or safety of individuals.
- B . Acts that favor one party to the detriment of another.
- C . Acts that damage or have an adverse effect on the environment.
- D . Acts that conceal inappropriate activities in the organization.
If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?
- A . Acts that may endanger the health or safety of individuals.
- B . Acts that favor one party to the detriment of another.
- C . Acts that damage or have an adverse effect on the environment.
- D . Acts that conceal inappropriate activities in the organization.
Which of the following statements is false regarding audit criteria?
- A . Audit criteria should be consistent across audit assignments.
- B . Audit criteria should represent reasonable standards against which to assess existing conditions.
- C . Audit criteria should provide flexibility but allow identification of nonadherence.
- D . Audit criteria should equate to good or acceptable management practices.
The IAA frequently is involved in various project teams and task forces in an advisory capacity.
- A . 1 and 2
- B . 1 and 3
- C . 2 and 4
- D . 3 and 4