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Why do you need valid and updated IIA IIA-CIA-Part2 Exam Questions?

Why do you need valid and updated IIA IIA-CIA-Part2 Exam Questions?
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02:23 30/07/24


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IIA-CIA-Part2 (Practice of Internal Auditing) Certification Exam is a globally recognized certification that is designed for individuals who are interested in pursuing a career in internal auditing. IIA-CIA-Part2 exam is conducted by the Institute of Internal Auditors (IIA) and is one of the most comprehensive exams in the field of internal auditing. Practice of Internal Auditing certification provides a comprehensive understanding of internal auditing practices, processes, and principles.



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IIA-CIA-Part2 exam, also known as the Practice of Internal Auditing, is one of the exams offered by the Institute of Internal Auditors (IIA) as part of their Certified Internal Auditor (CIA) certification program. IIA-CIA-Part2 exam covers a range of topics related to the practice of internal auditing, including risk management, governance, and internal control. The IIA-CIA-Part2 exam is designed to test the knowledge and skills of candidates who wish to demonstrate their expertise in internal auditing.

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IIA Practice of Internal Auditing Sample Questions (Q182-Q187):

NEW QUESTION # 182
At the conclusion of an audit of an organization's treasury department, a report was issued to the treasurer, chief financial officer, president, and board. Because of the sensitivity of some findings, a follow-up review was performed. The auditor should provide the report of follow-up findings to the:
I. Treasurer.
II. Chief financial officer.
III. President.
IV. Board.

* A. I and II only
* B. I, II, and III only
* C. I, II, III, and IV.
* D. III and IV only
Answer: C

NEW QUESTION # 183
A chief audit executive (CAE) suspects that several employees have used desktop computers for personal gain.
In conducting an investigation, the primary reason that the CAE would choose to engage a forensic information systems auditor rather than using the organization's information systems auditor is that a forensic information systems auditor would possess:

* A. Superior documentation and organization skills that would facilitate in the presentation of findings to senior management and the board.
* B. Knowledge of the computing system that would enable a more comprehensive assessment of the computer use and abuse.
* C. Superior analytical skills that would facilitate the identification of computer abuse.
* D. Knowledge of what constitutes evidence acceptable in a court of law.
Answer: D

NEW QUESTION # 184
The chief audit executive (CAE) of a multinational entity with highly automated and complex operations has just completed the update of the risk-based audit plan. Interviews with management revealed the introduction of new technology and a significant increase in both the number and severity of technology-based risk exposures. According to the International Professional Practices Framework, which of the following would be the best course of action for the CAE to undertake next?

* A. Begin planning to recruit information technology audit specialists and other expert personnel into the internal audit activity.
* B. Develop a detailed audit plan that makes the most efficient use and reallocation of existing internal audit resources.
* C. Arrange for the outsourcing of some technology intensive audit processes and procedures based on the plan changes.
* D. Evaluate whether appropriate skills and knowledge required to perform the necessary audit work currently exist in the department.
Answer: D

NEW QUESTION # 185
During an audit of a contract for computer security, a governmental auditor finds that a contractor has developed a system that could be the most advanced in the industry. If it seems that the contractor is charging the government for developmental cost of a system that might be sold to other organizations, what is the auditor's best course of action?

* A. Estimate the added cost, report it to management, and suggest that management meet with its lawyers and the contractor to resolve differences.
* B. Estimate the cost to develop the advanced security system and inform the contractor that it will be a disallowed cost.
* C. Compare the cost of the security program with previous costs incurred by governmental operations and inform the contractor that the difference will be a disallowed cost.
* D. Exclude the observation from the engagement final communication because the contract was vague and the level of security is clearly acceptable.
Answer: A

NEW QUESTION # 186
During an audit of a retail organization, an internal auditor found a scheme in which the warehouse director and the purchasing agent diverted approximately $500,000 of goods to their own warehouse, then sold the goods to third parties. The fraud was not found earlier since the warehouse director updated the perpetual inventory records and then forwarded receiving reports to the accounts payable department for processing. Which of the following procedures would have most likely led to the discovery of the missing materials and the fraud?

* A. Take an annual physical inventory, reconciling amounts with the perpetual inventory records. Note the pattern of differences and investigate.
* B. Select a random sample of sales invoices and trace to the perpetual inventory records to see if inventory was on hand. Investigate any differences.
* C. Select a random sample of receiving reports and trace to the recording in the perpetual inventory records.
Note differences and investigate by type of product.
* D. Select a random sample of purchase orders and trace to receiving reports and to the records in the accounts payable department.
Answer: A

Explanation:
Section: Volume A

NEW QUESTION # 187
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