Free IIA-CIA-Part2-3P Exam Questions - Easiest Way for Success

Prepare for the IIA IIA-CIA-Part2-3P exam questions with our authentic preparation materials, including free IIA-CIA-Part2-3P practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the CIA Exam Part Two: Practice of Internal Auditing IIA-CIA-Part2-3P exam. This dedication to student success is why we have the most satisfied IIA-CIA-Part2-3P certification exam candidates worldwide.

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Total 1029 Questions | Updated On: Sep 13, 2024

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Question 1

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 2

An organization decides to create an internal audit function and hires a new chief audit executive (CAE). Which of the following should the CAE first consider when developing the internal audit process?

Section: Volume D

A : Requirements of the external auditors to ensure an efficient coordination of audit effort.

B : Sufficient resources to adequately meet the needs of the annual audit plan.

C : Alignment of internal audit objectives with the organization's strategic plan

D : An appropriate training plan for audit staf

Answer: C

Question 3

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 4

Which of the following is the most appropriate approach for the internal audit activity to follow up on management action plans?

A : Create a tracking system for follow up

B : Ensure that follow-up activities are performed at least weekly.

C : Delegate follow-up activities to qualified administrative staff within the business unit

D : Ensure that follow-up activities are performed by the most senior auditor on staff

Answer: A

Question 5

Where should internal auditor focus their attention when identify and assessing key risks during the planning stage of an assurance engagement?

A : Sampling risk.

B : Audit risk.

C : Residual risk.

D : Inherent risk

Answer: D

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Total 1029 Questions | Updated On: Sep 13, 2024

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