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

Free IIA-CIA-Part2 Exam Braindumps (page: 52)

Page 52 of 128
PDF with 508 Questions

A staff auditor, nearly finished with an audit engagement, discovers that the director of marketing has a gambling habit. The gambling issue is not directly related to the existing engagement and there is pressure to complete the current engagement. The auditor notes the problem and forwards the information to the chief audit executive but performs no further follow-up. The auditor's actions woulD.

  1. Be in violation of the IIA Code of Ethics for withholding meaningful information.
    II.
    Be in violation of the Standards because the auditor did not properly follow up on a red flag that might indicate the existence of fraud.
    III.
    Not be in violation of either the IIA Code of Ethics or Standards.
  2. I only
  3. II only
  4. III only
  5. I and II only

Answer(s): C



An internal auditor has completed an audit of an organization's activities and is ready to issue a report. However, the client disagrees with the internal auditor's conclusions. The auditor should:

  1. Withhold the issuance of the audit report until agreement on the issues is obtained.
  2. Issue the audit report and state both the auditor and client positions and the reasons for the disagreement.
  3. Issue the audit report and omit the client's conclusion as it is not the opinion of the internal auditor.
  4. Perform additional work, with the client's concurrence, to resolve the areas of disagreement and delay the issuance of the report until agreement is reached.

Answer(s): B



Which of the following is an advantage of an interim report?

  1. An interim report provides timely feedback to the audit engagement client.
    II.
    An interim report provides a mechanism for communicating information on red flags promptly while they are being investigated.
    III.
    An interim report provides an opportunity for auditor follow-up of findings before the engagement is completed.
    IV.
    An interim report increases the probability that corrective action will be initiated more quickly.
  2. I and IV only
  3. II and III only
  4. I, III, and IV only
  5. I, II, III, and IV.

Answer(s): C



An internal auditor recommended that an organization implement computerized controls in its sales system in order to prevent sales representatives from executing contracts in excess of their delegated authority levels. A follow-up review found that the sales system had not been modified, but a process had been implemented to obtain written approval by the vice president of sales for all contracts in excess of $1 million. The chief audit executive (CAE) would be justified in reporting this situation to the organization's board iF.

  1. In the opinion of the CAE, the level of residual risk assumed by senior management is too high.
    II.
    Testing of compliance with the new process finds that all new contracts in excess of $1 million have been approved by the vice president of sales.
    III.
    The cost of modifying the sales system to include a preventive control is less than $100,000.
  2. I only
  3. III only
  4. I and III only
  5. I, II, and III

Answer(s): A



Page 52 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