Practice IIA-CIA-Part2-3P-CHS Exam Online

Question 1

Which of the following factors could interfere with effective problem solving by an internal auditor?

I. Reacting to previous experiences with clients.

II. Focusing only on the most likely cause.

III. Correcting the symptoms of problems.

Section: Volume B

A : I only

B : III only

C : I and II only

D : I, II, and III

Answer: D

Question 2

The engagement supervisor would like to change the audit program's scope prior to beginning fieldwork.

According to IIA guidance, before any change is implemented, what is the most important action that should be

undertaken?

A :

Document in the engagement workpapers the rationale for changing the scope.

B :

Confirm that the scope change would align to the organization's objectives and goals.

C :

Confirm that the internal audit activity continues to have the necessary knowledge and skills.

D : Seek approval from the chief audit executive for the proposed scope change.

Answer: B

Question 3

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 4

An internal auditor is testing the success of the IT support department in meeting the service levels guaranteed

to small, medium, and large customers. The customer's size classification is based on its annual expenditures

with the organization and the nature and extent of services it receives. Which of the following sampling

techniques would be the most suitable to select customers for this test?

Section: Volume E

A :

Cluster sampling.

B :

Interval sampling.

C : Stop-and-go sampling.

D : Stratified sampling.

Answer: C

Question 5

An internal auditor is planning a consulting engagement, and the objective is to identify opportunities to improve

the efficiency of the organization's procurement process. The auditor is preparing to conduct a preliminary

survey of the area. Which of the following approaches would be most useful to obtain relevant information to

support the engagement objective?

Section: Volume E

A :

Complete a transaction walkthrough that focuses on the design and operation of financial reporting

controls.

B :

Conduct interviews with senior management to obtain their input and insights regarding operational

controls.

C :

Perform a comprehensive review of the organization's existing policies and standard operating procedures.

D :

Review the procurement process map with employees who carry out key activities to obtain their input and

insights.

Answer: D

Name:	Certified Internal Auditor - Part 2, Internal Audit Practice
Exam Code:	IIA-CIA-Part2-3P-CHS
Certification:	Certified Internal Auditor
Vendor:	IIA
Total Questions:	1029
Last Updated:	Apr 23, 2024

IIA IIA-CIA-Part2-3P-CHS