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IIA-CIA-Part2 practice test questions answers

IIA IIA-CIA-Part2 Dumps Questions Answers

Exam Code:
IIA-CIA-Part2
Last Update: Dec 20, 2024
482 Questions Answers with Explanation Detail
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Exam Code:
IIA-CIA-Part2
Total Questions:
482 Q&A's
Single Choice Questions:
482 Q&A's

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IIA IIA-CIA-Part2 Exam Dumps FAQs

The IIA-CIA-Part2 Exam, also known as the Certified Internal Auditor - Part 2, focuses on the Practice of Internal Auditing. It assesses candidates knowledge, skills, and abilities related to internal audit practices and performance standards
The IIA-CIA-Part2 Exam is designed for internal auditors who want to enhance their expertise in managing internal audit activities, engagement planning, and communication of results.

The IIA-CIA-Part2 exam covers four domains:

  • Managing the Internal Audit Activity: Policies, risk-based planning, coordination with external auditors, and reporting to senior management and the board.
  • Planning the Engagement: Objectives, risk assessment, and identification of key risks and controls.
  • Performing the Engagement: Execution of audit procedures and evaluation of evidence.
  • Communicating Engagement Results and Monitoring Progress: Reporting and monitoring
The IIA-CIA-Part2 exam consists of 100 questions.
The duration of the IIA-CIA-Part2 exam is 120 minutes.

Here's a breakdown of the key differences between Part 2 (Practice of Internal Auditing) and Part 3 (Business Knowledge for Internal Auditing):

  • IIA-CIA-Part2 Exam: The IIA-CIA-Part2 Exam focuses on internal audit engagement life cycle, including engagement planning, performing procedures, reporting findings, communicating results, and monitoring progress.
  • IIA-CIA-Part3 Exam: The IIA-CIA-Part3 Exam covers a broader range of business topics such as financial reporting, governance, risk management, IT controls, business operations, and internal controls frameworks.

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Practice of Internal Auditing Questions and Answers

Questions 1

Which of the following is the primary reason a chief audit executive should network with an organization’s executives?

Options:

A.

To better understand and influence executives' planning.

B.

To make executives aware of the benefits that the internal audit activity can provide.

C.

To assist executives in setting the organization’s risk appetite.

D.

To have a better understanding of the training needed to strengthen the audit team.

Questions 2

According to IIA guidance, which of the following statements are true regarding the internal audit plan?

1. The audit plan is based on an assessment of risks to the organization.

2. The audit plan is designed to determine the effectiveness of the organization's risk management process.

3. The audit plan is developed by senior management of the organization.

4. The audit plan is aligned with the organization's goals.

Options:

A.

1 and 2 only

B.

3 and 4 only

C.

1, 2, and 4

D.

1, 3, and 4

Questions 3

An internal auditor is using attributes sampling to test internal controls. Under which of the following circumstances would the auditor increase the original sample size to estimate error occurrence at a given precision and confidence level?

Options:

A.

The sample rate of occurrence plus the precision exceeds the acceptable error rate.

B.

The sample rate of occurrence is less than the acceptable error rate.

C.

The acceptable rate of occurrence less the precision exceeds the sample rate of occurrence.

D.

The sample rate of occurrence plus the precision equals the acceptable error rate.

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