Free IIA-CIA-Part2 Exam Braindumps
Certified Internal Auditor - Part 2, Practice of Internal Auditing Questions 261–265 (page: 54)

Updated On: 10-Feb-2026

Information gathered in a forensic investigation of business fraud is usually gathered with which of the following standards in mind?

  1. Generally Accepted Auditing Standards.
  2. Generally Accepted Accounting Principles.
  3. The International Professional Practices Framework.
  4. Legal evidence.

Answer(s): D



The internal auditor's opinion in terms of due professional care should be:

  1. Limited to the effectiveness of internal controls.
  2. Expressed only when consensus with top management has been achieved.
  3. Based on experience and free of all bias.
  4. Based on sufficient factual evidence.

Answer(s): D



According to the Standards, which of the following describes the condition attribute when applied to the observations and recommendations contained in the audit report?

  1. The standards, measures, or expectations used in making an evaluation or verification.
  2. The reason for the difference between the expected state and the actual state.
  3. The factual evidence that the internal auditor found in the course of the examination.
  4. The risk or exposure the organization encounters because the actual state is not consistent with the criteria.

Answer(s): C



When determining the nature, timing, and extent of follow up, the chief audit executive considers all of the following factors except:

  1. Significance of the reported observation or recommendation, degree of effort, and cost needed to correct the reported condition.
  2. Impact that may result should the corrective action fail.
  3. Authority and responsibility of the person required to take corrective action.
  4. Complexity of the corrective action and time period involved.

Answer(s): C



With which of the following would the internal audit activity discuss findings, conclusions and recommendations prior to issuance of internal audit report?
1. Business unit management.
2. Chief audit executive.
3. Audit committee.

4. Chief executive officer.

  1. 1 and 2 only
  2. 1 and 3 only
  3. 2 and 3 only
  4. 1, 2, 3, and 4

Answer(s): A



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