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IIA IIA-CIA-Part2 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Engagement Execution | - Sampling methods and data analysis - Audit evidence collection and evaluation - Control testing and documentation |
| Topic 2: Communicating Results and Monitoring | - Audit report preparation and communication - Issue tracking and follow-up procedures |
| Topic 3: Engagement Planning | - Engagement objectives and scope definition - Risk assessment for audit engagements - Audit program design |
| Topic 4: Managing the Internal Audit Function | - Audit plan development and resource management - Quality assurance and improvement program (QAIP) - Internal audit role in governance, risk, and control |
Studying for IIA-CIA-Part2 Without Paper and Without Borders
- Engagement Planning ()
- Communicating Results and Monitoring ()
- Managing the Internal Audit Function ()
IIA Internal Audit Engagement Sample Questions:
A chief audit executive is preparing interview questions for the upcoming recruitment of a senior internal auditor. According to IIA guidance, which of the following attributes shows a candidate ' s ability to probe further when reviewing incidents that have the appearance of misbehavior?
- A. Integrity.
- B. Curiosity.
- C. Flexibility.
- D. Initiative.
Correct Answer: B 🗳️
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Which of the following behaviors could represent a significant ethical risk if exhibited by an organization ' s board?
1. Intervening during an audit involving ethical wrongdoing.
2. Discussing periodic reports of ethical breaches.
3. Authorizing an investigation of an unsafe product.
4. Negotiating a settlement of an employee claim for personal damages.
- A. 3 and 4
- B. 2 and 3
- C. 1 and 2
- D. 1 and 4
Correct Answer: D 🗳️
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According to IIA guidance, how should an internal auditor apply any relevant information obtained from an internal consulting engagement during a related internal audit engagement?
- A. Use the knowledge obtained to evaluate the effectiveness of internal control processes.
- B. Rely upon the information to draw conclusions about the effectiveness of controls.
- C. Objectivity requires that this information should not be used in any part of the audit engagement.
- D. Document any facts obtained and include them as part of the audit engagement workpapers.
Correct Answer: A 🗳️
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An examination of the accounts payable function evidenced multiple findings with respect to segregation of duties. After management ' s response and action plan are received and documented in the final report, which of the following is most appropriate?
- A. Have an internal audit staff member placed into the accounting department until corrections are made.
- B. Include the items in the scope of the next scheduled audit of the accounts payable function.
- C. Because management agreed with the findings, no further action is deemed necessary.
- D. Follow up after the applicable changes have been incorporated to validate management's response.
Correct Answer: D 🗳️
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During an internal audit engagement, which of the following is true regarding the decision to use statistical sampling or nonstatistical sampling?
- A. Nonstatistical sampling may be more cost effective.
- B. The decision affects the test procedures performed.
- C. The auditor ' s response to errors detected will be influenced.
- D. The competence of the evidence obtained is greater with statistical sampling.
Correct Answer: B 🗳️
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