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Free IIA-CIA-Part2 Exam Braindumps (page: 13)

Page 13 of 128
PDF with 508 Questions

Which of the following would constitute a violation of the IIA Code of Ethics?

  1. An internal auditor, who has recently joined the organization, has accepted an assignment to audit the electronics manufacturing division. The auditor previously served as senior auditor for the external audit of that division and has audited many electronics companies during the past two years.
  2. An internal auditor has accepted an assignment to audit the warehousing function six months from now. The auditor has no expertise in that area but has signed up for courses in warehousing that will be completed before the assignment begins.
  3. An internal auditor has no ambitions for promotion and has not engaged in training or other professional development activities during the last three years. The auditor's performance assessments indicate consistent quality of work.
  4. An internal auditor discovered an internal financial fraud during the year, and the financial statements were adjusted to properly reflect the loss associated with the fraud. The auditor discussed the fraud with the external auditor during the external auditor's review of the working papers detailing the incident.

Answer(s): C



An auditor decides to perform an inventory turnover analysis for both raw materials inventory and finished goods inventory. The analysis would be potentially useful in:

  1. Identifying products for which management has not been attuned to changes in market demand.
    II. Identifying potential problems in purchasing activities.
    III. Identifying obsolete inventory.
  2. III only
  3. I and II only
  4. II and III only
  5. I, II, and III

Answer(s): D



An internal auditor provided the following statement about division A's performance during the month: "Because supplies of raw material X were scarce, division A's profits declined by 15 percent."
Which of the following can be validly concluded from the auditor's statement?

  1. Division A's production level declined by 15 percent.
    II. Division A could have sold more products than it produced.
    III. Division A usually sells all of the products that it produces.
  2. I only
  3. II only
  4. III only
  5. I and II only

Answer(s): B



As part of an operational audit of the shipping department, an auditor selected a sample of 45 daily shipping logs from the department's files. On 44 of the days, the log contained a sufficient number of shipments to meet the department's daily quota. Based on this test, the auditor concluded that the shipping department was effective at meeting its quotas. Which of the following is true about the auditor's conclusion?

  1. The number of items selected for testing is inadequate to justify the conclusion.
  2. The shipping department is effective in meeting its responsibilities.
  3. This conclusion would negate any need to perform tests of efficiency.
  4. None of the above.

Answer(s): D



Page 13 of 128



Post your Comments and Discuss IIA IIA-CIA-Part2 exam with other Community members:

NOOR commented on October 06, 2024
I want to pass my CIA Exam P2 withing the next 2weeks, can I get help?
UNITED ARAB EMIRATES
upvote

ET commented on August 19, 2024
I have just failed my CIA 2 second attempt today. May I have any assistance from you guys?
Anonymous
upvote