Cisco®
CompTIA
Checkpoint
ISC
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk®
Scrum
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. IIA-CIA-Part2

Free IIA-CIA-Part2 Exam Braindumps (page: 51)

Page 50 of 128
PDF with 956 Questions

Which of the following best defines an audit opinion?

  1. A summary of the significant audit observations and recommendations.
  2. An auditor's evaluation of the effects of the observations and recommendations on the activities reviewed.
  3. A conclusion which must be included in the audit report.
  4. A recommendation for corrective action.

Answer(s): B



Which of the following is typically not a reason for committing financial statement fraud?

  1. To dispel negative market perception.
  2. To disguise a duplicate payment to a vendor.
  3. To obtain more favorable terms on financing.
  4. To receive performance-related bonuses.

Answer(s): B



Which of the following is a red flag associated with fictitious revenues?

  1. Slow growth or unusually low profitability.
  2. Unusual decrease in the number of days' sales in receivables.
  3. Substantial increase in receivables turnover.
  4. Significant transactions with related parties.

Answer(s): D



Which of the following is a red flag associated with improper asset valuation?

  1. Unusual increase in gross margin.
  2. Unusual decrease in the number of days' purchases in inventory.
  3. Recurring positive cash flows from operations.
  4. Allowance for bad debts that is increasing in percentage terms.

Answer(s): A






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

Exam Discussions & Posts