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Free IIA-CIA-Part2 Exam Braindumps (page: 50)

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QUESTION: 197 Exam Topic: 2, Volume B

Which of the following best defines an audit opinion?

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

Answer(s): B

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QUESTION: 198 Exam Topic: 2, Volume B

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

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

Answer(s): B

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QUESTION: 199 Exam Topic: 2, Volume B

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

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

Answer(s): D

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QUESTION: 200 Exam Topic: 2, Volume B

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

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

Answer(s): A

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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
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