Free Practice IIA IIA-CIA-Part2 Exam Questions 2025

Stay ahead with 100% Free Practice of Internal Auditing IIA-CIA-Part2 Dumps Practice Questions

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Total 485 Questions | Updated On: Apr 22, 2025

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Question 1

When determining if appropriate resources exist to achieve engagement objectives, which of the following factors should a chief audit executive consider?

1. Nature and complexity of the audit engagement.

2. Time constraints.

3. Effectiveness of the audit committee.

4. Availability of resources for the engagement.

Section: Volume D

A : 1 and 2 only

B : 1, 2, and 3 only

C : 1, 2, and 4 only

D : 1, 3, and 4 only

Answer: C

Question 2

Which of the following would cause a company's accounts receivable turnover ratio to decrease steadily over a three-year period?

Section: Volume B

A : An increase in the discount offered for early payment.

B : A more liberal credit policy.

C : Invoices provided on a weekly rather than a monthly basis.

D : Increased cash sales.

Answer: B

Question 3

An organization has a mature control environment but limited internal audit resources Given this scenario, on which of the following should the internal auditors focus their testing?

A : Detective compensating controls

B : Preventive compensating controls

C : Detective Key controls

D : Preventive key controls

Answer: D

Question 4

An internal auditor is using the five-attribute approach to document deficiencies in a warehouse shipping

process. Which of the following five attributes will be included in the workpapers?

Section: Volume E

A : Risk, impact, likelihood, existing control, recommendation.

B : Condition, criteria, cause, effect, recommendation.

C : Condition, cause, effect, test, result.

D : Risk, impact, test, result, recommendation.

Answer: B

Question 5

An internal auditor is assessing the organization's risk management framework. Which of the following formulas should he use to calculate the residual risk?

A :

B :

C :

D :

Answer: C

Page: 1 / 97

Total 485 Questions | Updated On: Apr 22, 2025

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