IIA IIA-CIA-Part2 Practice Exams
Last updated on Apr 09,2025- Exam Code: IIA-CIA-Part2
- Exam Name: CIA Exam Part Two: Practice of Internal Auditing
- Certification Provider: IIA
- Latest update: Apr 09,2025
An internal audit team leader is having difficulties completing the planning phase of an assurance engagement because the business unit lacks a system of internal controls.
Which of the following is the most appropriate course of action for the internal audit team leader?
- A . Defer the engagement until a system of internal control has been established
- B . Change the scheduled engagement from assurance to consulting to help correct the shortcomings
- C . Add a consulting component to the already scheduled assurance engagement
- D . Seek the involvement of the external auditor to assist with improving the internal controls
An internal audit team leader is having difficulties completing the planning phase of an assurance engagement because the business unit lacks a system of internal controls.
Which of the following is the most appropriate course of action for the internal audit team leader?
- A . Defer the engagement until a system of internal control has been established
- B . Change the scheduled engagement from assurance to consulting to help correct the shortcomings
- C . Add a consulting component to the already scheduled assurance engagement
- D . Seek the involvement of the external auditor to assist with improving the internal controls
According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organization al process?
- A . Process objectives
- B . Process risks
- C . Process controls
- D . Process scope
Which of the following is the primary reason the chief audit executive should consider the organization’s strategic plans when developing the annual audit plan?
- A . Strategic plans reflect the organization’s business objectives and overall attitude toward risk.
- B . Strategic plans are helpful to identify major areas of activity, which may direct the allocation of internal audit activity resources.
- C . Strategic plans are likely to show areas of weak financial controls.
- D . The strategic plan is a relatively stable document on which to base audit planning.
Which of the following is the primary reason the chief audit executive should consider the organization’s strategic plans when developing the annual audit plan?
- A . Strategic plans reflect the organization’s business objectives and overall attitude toward risk.
- B . Strategic plans are helpful to identify major areas of activity, which may direct the allocation of internal audit activity resources.
- C . Strategic plans are likely to show areas of weak financial controls.
- D . The strategic plan is a relatively stable document on which to base audit planning.
Is the documentation easily accessible to an persons who need in to perform their job?
Which of the following is a drawback of testing methods like this?
- A . They ore kitted as they do not allow the auditor to test many controls.
- B . They do not highlight control gaps
- C . They are not useful for identifying areas on which the auditor should locus.
- D . They are limited as there is a risk that management may not answer fairly.
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
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.
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.
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.