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IIA CIA Exam Questions
Certified Internal Auditor Exam (Page 55 )

Updated On: 8-Mar-2026
Page 55 of 342
PDF with 1702 Questions

During an operational audit of a chain of pizza delivery stores, an auditor determined that cold pizzas were causing customer dissatisfaction. A review of oven calibration records for the last six months revealed that adjustments were made on over 40 percent of the ovens.
Based on this, the auditor

  1. Has enough evidence to conclude that improperly functioning ovens are the cause.
  2. Needs to conduct further inquiries and reviews to determine the impact of the oven variations on the pizza temperature.
  3. Has enough evidence to recommend the replacement of some of the ovens.
  4. Must search for another cause since approximately 60 percent of the ovens did not require adjustment.

Answer(s): B



An auditor decides to vouch a sample of ledger entries back to their original documentation. In terms of whether all transactions had been recorded, this test would be

  1. Relevant to the completeness objective.
  2. Irrelevant to the completeness objective.
  3. A more timely test of completeness than evidence from interviews.
  4. A more biased test of completeness than evidence from interviews.

Answer(s): B



An internal auditor for a financial institution has just completed an audit of loan processing. Of the 81 loans approved by the loan committee, the auditor found seven loans which exceeded the approved amount. Which of the following actions would be inappropriate on the part of the auditor?

  1. Examine the seven loans to determine if there is a pattern. Summarize amounts and include in the engagement final communication.
  2. Report the amounts to the loan committee and leave it up to them to correct. Take no further followup action at this time and do not include the items in the engagement final communication.
  3. Follow up with the appropriate vice president and include the vice president's acknowledgment of the situation in the engagement final communication.
  4. Determine the amount of the differences and make an assessment as to whether the dollar differences are material. If the amounts are not material, not in violation of government regulations, and can be rationally explained, omit the observation from the engagement final communication.

Answer(s): B



The following is an excerpt from an audit engagement workpaper A Company Accounts Receivable Date Objective To determine if the computer system is correctly recording all accounts receivable transactions. Procedures Judgmental selection of a sample of all accounts receivable balances greater than $50, 000 for positive confirmation of balances. Conclusion Based on the results of testing wherein all but three confirmations were returned, the accounts receivable balance is fairly presented in all material respects. Which of the following is true regarding the workpaper?

  1. It is not appropriate to judgmentally select a sample when testing accounts receivable.
  2. A conclusion should be reached only for the results of overall testing, not for individual procedures.
  3. The audit procedures used are not consistent with the audit objective.
  4. The format of the workpaper does not conform to the standard format for workpapers.

Answer(s): C



The efficiency of internal audit operations is best enhanced if workpaper standards

  1. Permit the extent of documentation to vary according to engagement objectives.
  2. Require supervisors to initial and date each workpaper that they review.
  3. Allow access to workpapers by external parties if approved by senior management or the audit committee.
  4. Mandate the workpaper retention period.

Answer(s): A



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