Free Practice IIA IIA-CIA-Part2-3P Exam Questions 2025

Stay ahead with 100% Free CIA Exam Part Two: Practice of Internal Auditing IIA-CIA-Part2-3P Dumps Practice Questions

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Total 485 Questions | Updated On: Jun 04, 2025

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Question 1

Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?

A : Stop-or-go sampling.

B : Probability-to-proportional size sampling.

C : Classical variable sampling.

D : Discovery sampling.

Answer: C

Question 2

Which of the following audit steps would an internal auditor perform when reviewing cash disbursements to satisfy IIA guidance on due professional care?

A : The calculated statistical sample size is 50 however the internal auditor believes errors exist so he decides to increase the sample size to 80

B : The internal auditor traces serial numbers of computer equipment listed on an invoice to the fixed asset inventory

C : The internal auditor reviews the accounts payable manager's petty cash fund and vouchers

D : The internal auditor reviews the related invoice purchase order and receiving report for each sample selection

Answer: D

Question 3

Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?

A : Stop-or-go sampling.

B : Probability-to-proportional size sampling.

C : Classical variable sampling.

D : Discovery sampling.

Answer: C

Question 4

Where should internal auditor focus their attention when identify and assessing key risks during the planning stage of an assurance engagement?

A : Sampling risk.

B : Audit risk.

C : Residual risk.

D : Inherent risk

Answer: D

Question 5

Besides a chief audit executive's professional experience what determines the frequency and approach to assessing residual risk?

A : The frequency of executing the internal audit engagements

B : The frequency of changes in the organization environment

C : The expectations set by the board and senior management

D : The expectations set by operating management and senior management

Answer: B

Page: 1 / 97

Total 485 Questions | Updated On: Jun 04, 2025

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