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IIA IIA-CIA-Part2 Exam Dumps Questions and Answers

Exam Code: IIA-CIA-Part2
Certification: CIA
Vendor: IIA
Last Update: Dec 21, 2024
Questions: 482 With Expert Explanation
10  Customers Passed IIA IIA-CIA-Part2
95%  Average Success In Real Exam
93%  Questions came word by word from this dump
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Practice of Internal Auditing Questions and Answers

Questions 1

According to IIA guidance, which of the following is true when the internal audit activity is asked to investigate potential ethics violations in a foreign subsidiary?

Options:

A.

Communication of any internal ethics violations to external parties may occur with appropriate safeguards.

B.

Cultural impacts are less critical where the organization practices uniform polices around the globe.

C.

Cross-cultural differences should always be handled by the staff of the same cultural background.

D.

Local law enforcement should be involved as they are more familiar with the applicable local laws.

Questions 2

An internal audit team was conducting an assurance engagement to review segregation of duties in the purchasing function. The internal auditors reviewed a sample of purchase orders from the past two year and discovered that 2 percent were signed by employees who were operating in a designated acting capacity due to employee absence. According to IIA guidance, which of the following attributes of information would most likely assist the auditor in deciding whether to report this finding?

Options:

A.

Sufficiency

B.

Reliability

C.

Relevance

D.

Usefulness

Questions 3

Which of the following is the most important concept to be included in a consulting engagement agreement?

Options:

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.

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