When it comes about your bright future with career Examforsure takes it really serious as you do and for any valid reason that our provided IIA IIA-CIA-Part2 exam dumps haven't been helpful to you as, what we promise, you got full option to feel free claiming for refund.
Examforsure does verify that provided IIA IIA-CIA-Part2 question and answers PDFs are summed with 100% real question from a recent version of exam which you are about to perform in. So we are sure with our wide library of exam study materials such IIA exam and more.
Free downloadable IIA IIA-CIA-Part2 Demos are available for you to download and verify that what you would be getting from Examforsure. We have millions of visitor who had simply gone on with this process to buy IIA IIA-CIA-Part2 exam dumps right after checking out our free demos.
Examforsure is totally committed to provide you IIA IIA-CIA-Part2 practice exam questions with answers with make motivate your confidence level while been at exam. If you want to get our question material, you need to sign up Examforsure, as there are tons of our customers all over the world are achieving high grades by using our IIA IIA-CIA-Part2 exam dumps, so can you also get a 100% passing grades you desired as our terms and conditions also includes money back guarantee.
Examforsure has been known for its best services till now for its final tuition basis providng IIA IIA-CIA-Part2 exam Questions and answer PDF as we are always updated with accurate review exam assessments, which are updated and reviewed by our production team experts punctually. Provided study materials by Examforsure are verified from various well developed administration intellectuals and qualified individuals who had focused on IIA IIA-CIA-Part2 exam question and answer sections for you to benefit and get concept and pass the certification exam at best grades required for your career. IIA IIA-CIA-Part2 braindumps is the best way to prepare your exam in less time.
There are many user friendly platform providing IIA exam braindumps. But Examforsure aims to provide latest accurate material without any useless scrolling, as we always want to provide you the most updated and helpful study material as value your time to help students getting best to study and pass the IIA IIA-CIA-Part2 Exams. you can get access to our questions and answers, which are available in PDF format right after the purchase available for you to download. Examforsure is also mobile friendly which gives the cut to study anywhere as long you have access to the internet as our team works on its best to provide you user-friendly interference on every devices assessed.
IIA IIA-CIA-Part2 questions and answers provided by us are reviewed through highly qualified IIA professionals who had been with the field of IIA from a long time mostly are lecturers and even Programmers are also part of this platforms, so you can forget about the stress of failing in your exam and use our IIA IIA-CIA-Part2-Practice of Internal Auditing question and answer PDF and start practicing your skill on it as passing IIA IIA-CIA-Part2 isn’t easy to go on so Examforsure is here to provide you solution for this stress and get you confident for your coming exam with success garneted at first attempt. Free downloadable demos are provided for you to check on before making the purchase of investment in yourself for your success as our IIA IIA-CIA-Part2 exam questions with detailed answers explanations will be delivered to you.
A manufacturing organization is considering a merger with a similar firm, and requests that the chief audit executive (CAE) perform a due diligence audit. During the preliminary survey, the CAE notes that inventory management is a high risk area. In consultation with the external auditors and legal advisors, the CAE learns that they share those concerns. Which of the following is the CAE's best course of action?
A. Perform an independent audit of the merging firm's inventory management practices to
verify the concerns and to provide relevant and reliable results to management for their
consideration and action.
B. Advise management that internal audit, external audit, and legal advisors all have
concerns about inventory management and, given the high materiality of inventory,
management should not proceed with the merger.
C. Coordinate a review of inventory management with external auditors and legal advisors
and ensure each group focuses on their area of expertise to ascertain the extent of the
problems, if any
According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?
A. The follow-up manual procedures.
B. The internal audit charter.
C. The agreement made between internal auditors and management.
D. The risks and exposures involved.
According to the Standards, which of the following control strategies would be the most effective in helping to prevent fraud?
A. Have employees annually sign a code of conduct requiring that they report any known
violations.
B. Implement a whistleblower hotline where individuals can make anonymous phone calls
to report fraudulent activities
C. Provide periodic fraud awareness training to employees and test their understanding of
the training through online surveys.
D. Conduct routine employee surveys to solicit their knowledge of fraud and unethical
behavior within the organization.
Which of the following would not include recommendations for process improvements?
A. Due diligence engagement.
B. Forensic investigation.
C. Internal audit engagement.
D. Consulting engagement.
Which of the following events would most likely cause the chief audit executive to considerchanging the current year's audit plan?The government announced that new regulatory requirements will be introduced in thecoming years which may significantly impact the organization's primary product.A major competitor unexpectedly introduced a new model at a lower price point to competewith the organization's market leading product.The organization announced a new joint venture with a long time corporate partner tointroduce a new product with development costs and sales beginning next fiscal year.An equal joint venture partner filed a lawsuit against the organization and requested thatthe court issue an immediate suspension of future product shipments.
A. 1 and 2 only
B. 1 and 3 only
C. 2 and 4 only
D. 3 and 4 only
An internal auditor was assigned to conduct an inventory control and stock room area engagement. During the audit, the auditor observed that there were some items that have a shelf life expiration date requirement based on a certificate of conformance received with the product. The certificates of conformance are kept on file in the inventory area office and the expiration date is verified at the time the item is taken from stock. The auditor reviewed the items in the stock room and also on the production floor for the expiration dates to see if there was any expired product. All items with a shelf life requirement were found to be within the expiration date requirement. Which of the following recommendations would be appropriate?
A. Take no action, because all the items were within the expiration date requirement, and
no corrective action is needed
B. Permit production staff the access to files where the certificates of conformity are kept,
so they can choose the items with the closest expiration date.
C. Determine the cost of inventory for the items that have a shelf life and apply a new
policy regarding inventory levels to be maintained (i.e., minimums, maximums, reorder
points etc.).
D. Add to the product label a "use by date" line, enter the expiration at the time of receipt,
and perform periodic inventory checks.
According to IIA guidance, which of the following are potential benefits of using an assurance map?
A. Indication of any gaps in assurance coverage, and improved relevance of assurance
recommendations.
B. Identification of duplicate or overlapping assurance activities, and improved relevance of
assurance recommendations.
C. Indication of gaps in assurance coverage, and enhanced effectiveness of assurance
providers.
D. Enhanced effectiveness of assurance providers, and improved relevance of assurance
recommendations.
The chief audit executive (CAE) is adding a new audit position to the team. According to the International Professional Practices Framework, which of the following candidates would the CAE be least likely to accept for the position?
A. The candidate is applying for an IT audit position, while originally coming from an IT
background, but has only experiences of financial and compliance audits in the previous
position.
B. The candidate is knowledgeable about potential indicators of fraud including typical
risks, but has only participated as a staff auditor in one investigative fraud audit.
C. The candidate meets the minimum educational requirements established by the chief
audit executive, but has less formal education than any of the other candidates being
considered.
D. The candidate provides examples of previous reports demonstrating excellent writing
skills, but lacks ability to clearly communicate ideas and conclusions in a meeting.
If the chief audit executive believes that senior management has accepted a level of residual risk that is unacceptable to the organization, they should:
A. Accept the decision of senior management as they are ultimately responsible for risk
management.
B. Report the concern directly to the board.
C. Discuss the concern with management and if not resolved, escalate it to the board.
D. Disclose the issue in the audit report when auditing the area where the risk was
identified.
An internal auditor for a large telecommunications organization identified potential risk factors related to a planned billing system conversion. Which of the following risk factors would present the least potential exposure to the organization?
A. Critical customer support functions are not available for a short period.
B. Invoice generation disruptions due to required maintenance.
C. Inaccurate billing of telephone calls due to database error.
D. End user criticism and lack of support for the new system.
Which of the following topics must the internal audit staff discuss with management duringthe exit conference?1. Issues identified during the audit.2. Evaluation criteria used to select controls for testing.3. Staff who were interviewed during the audit.4. The reporting process for the draft and final report.
A. 1 and 3 only
B. 1 and 4 only
C. 2 and 3 only
D. 2 and 4 only
An organization does not have a formal risk management function. According to theStandards, which of the following are conditions where the internal audit activity (IAA) mayprovide risk management consulting?1. There is a clear strategy and timeline to migrate risk management responsibility back tomanagement.2. The IAA has the final approval on any risk management decisions.3. The IAA does not give objective assurance on any part of the risk managementframework for which it is responsible.4. The nature of services provided to the organization is documented in the internal auditcharter.
A. 1, 2, and 3 only
B. 1, 2, and 4 only
C. 1, 3, and 4 only
D. 2, 3, and 4 only
When establishing the internal audit activity's annual plan, which of the following would be the best source of potential audit engagement topics?
A. The organization's budget.
B. Operations involving cash transactions.
C. Recent changes in management objectives.
D. Risk factors utilized in the organization's risk models.
Due to the expanded role of internal audit in the organization, the chief audit executive (CAE) of a construction company decides to employ the services of an outsourced audit service provider to augment the internal audit staff. What does the CAE need to consider in determining whether the outsourced audit service provider possesses the necessary knowledge, skills and other competencies to perform an audit engagement?
A. Specific matters expected to be covered in the engagement communications.
B. The financial interest that the external service provider may have in the organization.
C. The extent of other ongoing services the external service provider may be performing for the organization.
D. The reputation of the external service provider.
During the audit of a large decentralized supply chain function, the chief audit executive(CAE) receives serious allegations of fraud concerning the vice president responsible forthis function. The CAE engages a third party to provide forensic audit services and lead theinvestigation portion of the engagement. As part of this team, which of the following wouldbe an appropriate role for the investigator?1. Authenticate the original approval signatures on contracts.2. Interview personnel to understand the supply chain processes.3. Provide certified copies of relevant original documents for the audit file.4. Identify variances in pixels on original electronic documents.
A. 1 and 2 only
B. 1 and 4 only
C. 2 and 3 only
D. 3 and 4 only
When approving the final engagement report, which of the following is most critical?
A. Opinions are adequately supported.
B. Conclusions are reached for all objectives.
C. Report is distributed to appropriate parties.
D. Report is clear and concise.
An organization has acquired a new line of business. None of the organization's internal auditors have the required expertise to perform an internal audit of the new business line; therefore, the chief audit executive (CAE) has contracted the services of an external audit firm to perform the engagement. The CAE has assigned a member of the internal audit team to assist the external team with the engagement. According to the Standards, which of the following statements is true regarding supervision of the engagement?
A. The CAE may rely upon the external firm's auditor in charge to supervise the
engagement.
B. The external firm's auditor in charge must defer to the judgment of the CAE for any
disputes.
C. The CAE is not responsible for the quality of an audit performed by an external firm.
D. The CAE should not assign an inexperienced staff member to assist with the
engagement.
Which of the following is correct with respect to roles within an enterprise-wide riskmanagement process?1. The board provides oversight to the risk management process.2. Executive management owns the risk management framework.3. Senior management is assigned ownership of risks.4. Internal audit modifies the risk assessment determined by management.
A. 1 and 2 only
B. 3 and 4 only
C. 1, 2, and 3 only
D. 1, 2, 3, and 4
Which of the following is a preventive control for fraud?
A. Determining if the number of manually prepared disbursement checks is high.
B. Reconciling the purchase orders with the requisitions.
C. Verifying that new vendors appear on the vendor pre-approved list.
D. Conducting an inventory count of the warehouse.