Free Practice IIA IIA-CIA-Part2-3P Exam Questions 2025

Stay ahead with 100% Free CIA Exam Part Two: Practice of Internal Auditing IIA-CIA-Part2-3P Dumps Practice Questions

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Total 485 Questions | Updated On: Apr 09, 2025

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Question 1

Besides a chief audit executive's professional experience what determines the frequency and approach to assessing residual risk?

A : The frequency of executing the internal audit engagements

B : The frequency of changes in the organization environment

C : The expectations set by the board and senior management

D : The expectations set by operating management and senior management

Answer: B

Question 2

Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?

A : Stop-or-go sampling.

B : Probability-to-proportional size sampling.

C : Classical variable sampling.

D : Discovery sampling.

Answer: C

Question 3

An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader. How should tie internal auditor respond?

A : Ask the external auditor to review the same transaction again as an independent third party

B : Consult account accounting principles, standards, and relevant guidelines in regard to timing of the entry

C : Interview the chief financial officer and obtain her opinion on how the transactions should be recorded

D : Compare the recording of this transaction to now similar ones were executed last year

Answer: B

Question 4

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

Answer: B

Question 5

An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. What would be the best way for the auditor to gather relevant feedback?

A : interview IT management in both regions

B : Inspect regional user software training records

C : Interview propel management and the vendor responsible for implementation

D : Distribute surveys to software users in both regions

Answer: D

Page: 1 / 97

Total 485 Questions | Updated On: Apr 09, 2025

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