Tag - IIA-CIA-Part2 exam

Which of the following statements generally true regarding audit engagement planning?A . The best source tor detailed process information is senior management B. Audit objectives should be general and do not change. C. Computer-assisted audit techniques are typically not useful during engagement planning D. Internal auditors should prepare a dented...

Third-party opinion.A . 1 and 3 B. 1 and 4 C. 2 and 3 D. 2 and 4View AnswerAnswer: C

An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests. Based...

An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. What would be the best way for the auditor to gather relevant feedback?A . interview IT management in both regions B. Inspect regional user software training records...

Which of the following is an appropriate documentation of proper engagement supervision?A . A completed engagement workpaper review checklist. B. The supervisor's review notes on engagement workpapers. C. The email exchanges between the audit team and the supervisor. D. A supervisor's approval of resources allocated to the engagementView AnswerAnswer: B

According to HA guidance, the chief audit executive is directly responsible for which of the following?A . Maintaining a quality assurance program even in the absence of management support B. Periodically reviewing and approving the internal audit charier C. Providing opportunities for all staff auditors to satisfy their professional development...

Which of the following internal control attributes should internal auditors consider testing during a review of the board of directors?A . The presence of an independent critical mass B. The established philosophy and operating style of senior management C. The articulated internal control objectives of the organization D. The organization's...

The amount of fuel purchased.A . 1 and 2 B. 1 and 4 C. 2 and 3 D. 3 and 4View AnswerAnswer: C

Is the documentation easily accessible to an persons who need in to perform their job? Which of the following is a drawback of testing methods like this?A . They ore kitted as they do not allow the auditor to test many controls. B. They do not highlight control gaps C....

According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?A . The establishment of an audit approach and documentation system B. The standardization of workpaper terminology and notations C. The ability to reach consistent audit conclusions regardless of who performs the audit D. The...