Free IIA-CIA-Part2 Questions for IIA Internal Audit Engagement IIA-CIA-Part2 Exam as PDF & Practice Test Engine

The internal audit team judgmentally selected 60 of the 600 employee timesheets that were processed during the previous month to determine whether supervisors were properly approving timesheets in accordance with the organization ' s policies. The internal audit team found three exceptions. Based on the audit test, which of the following is most appropriate for the internal audit team to conclude?

An internal auditor has discovered that duplicate payments were made to one vendor. Management has recouped the duplicate payments as a corrective action. Which of the following describes management's action in this case?

Which of the following best describes the manual audit procedure known as vouching?

An internal auditor is asked to perform an assurance engagement in the organization ' s newly acquired subsidiary When developing the objectives tor the engagement which ot the following statements describes the most important items that the auditor needs to consider?

The chief audit executive (CAF) determined that the residual risk identified in an assurance engagement is acceptable. When should this be communicated to senior management?

An internal audit report includes a recommendation to remove inappropriate user access to an IT application.
Which of the following does the recommendation represent?

A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity ' s collective knowledge, skills, and other competencies?

An organization invests excess short-term cash in trading securities Which of the following actions should an internal auditor take to test the valuation of those securities ' *

To effectively communicate the acceptance of risk in an organization a chief audit executive must first consider which of the following?