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IIA-CIA-Part2 CIA Part 2 Exam Questions.
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IIA-CIA-Part2 CIA Part 2 Exam Questions.
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IIA-CIA-Part2 CIA Part 2 Exam QuestionsA chief audit executive (CAE) reviews the supervision of an internal audit
engagement.Which of the following would most likely assure the CAE that the
engagement had adequate supervision?A. The engagement supervisor has an open
door pokey for audit team members to discuss concernsB. The supervisor reviews
weekly progress reports from the audit team membersC. The supervisor reviews and
initials internal audit workpapers for the engagementD. The supervisor meets
periodically with management in the reviewed area to get feedback during the
engagement. - ANS-Answer: C
A corporate merger decision prompts the cruel audit executive (CAE) to propose interim
changes lo the existing annual audit plan to account for emerging risks.When of the
following is the most appropriate action for the CAE to take regarding the changes
made to the audit plan?A. Present the revised audit plan directly to the board for
approvalB. Communicate with the chief financial officer and present the revised audit
plan to the CEO for approvalC. Present the revised audit plan directly to the CEO for
approvalD. Communicate with the CCO and present the revised audit plan to the board
for approval - ANS-Answer: D
An internal auditor accessed accounts payable records and extracted data related to
fuel purchased tor the organization's vehicles As a first step, she sorted the data by
vehicle and used spreadsheet functions to identify all instances of refueling on the same
or sequential dates She then performed other tests.Based on the auditor's actions which
of the following is most likely the objective of this engagement1?A. To identify whether
fuel was purchased for work-related purposesB. To estimate future fuel costs for the
organization's fleet of vehiclesC. To determine trends in average fuel consumption by
vehicleD. To determine whether the organization is paying more than the industry
average for fuel - ANS-Answer: C
An internal auditor submitted a report containing recommendations for management to
enhance internal controls related to investments.To follow up, which of the following is
the most appropriate action for the internal auditor to take?A. Observe corrective
measures.B. Seek a management assurance declaration.C. Follow up during the next
scheduled audit.D. Conduct appropriate testing to verify management responses. -
ANS-Answer: D
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