IIA IIA-CIA-Part2 Practice Exams
Last updated on Oct 22,2026- Exam Code: IIA-CIA-Part2
- Exam Name: CIA Exam Part Two: Practice of Internal Auditing
- Certification Provider: IIA
- Latest update: Oct 22,2026
An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader.
How should tie internal auditor respond?
- A . Ask the external auditor to review the same transaction again as an independent third party
- B . Consult account accounting principles, standards, and relevant guidelines in regard to timing of the entry
- C . Interview the chief financial officer and obtain her opinion on how the transactions should be recorded
- D . Compare the recording of this transaction to now similar ones were executed last year
Which of the following should be the focus of the effect section of the preliminary observations document?
- A . Residual risk
- B . Inherent risk
- C . Compensating controls
- D . Control activities
A corporate merger decision prompts the cruel audit executive (CAE) to propose interim changes lo the existing annual audit plan to account for emerging risks.
When of the following is the most appropriate action for the CAE to take regarding the changes made to the audit plan?
- A . Present the revised audit plan directly to the board for approval
- B . Communicate with the chief financial officer and present the revised audit plan to the CEO for approval
- C . Present the revised audit plan directly to the CEO for approval
- D . Communicate with the CCO and present the revised audit plan to the board for approval
A corporate merger decision prompts the cruel audit executive (CAE) to propose interim changes lo the existing annual audit plan to account for emerging risks.
When of the following is the most appropriate action for the CAE to take regarding the changes made to the audit plan?
- A . Present the revised audit plan directly to the board for approval
- B . Communicate with the chief financial officer and present the revised audit plan to the CEO for approval
- C . Present the revised audit plan directly to the CEO for approval
- D . Communicate with the CCO and present the revised audit plan to the board for approval
A chief audit executive (CAE) reviews the supervision of an internal audit engagement.
Which of the following would most likely assure the CAE that the engagement had adequate supervision?
- A . The engagement supervisor has an open door pokey for audit team members to discuss concerns
- B . The supervisor reviews weekly progress reports from the audit team members
- C . The supervisor reviews and initials internal audit workpapers for the engagement
- D . The supervisor meets periodically with management in the reviewed area to get feedback during the engagement.
An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?
- A . Verifying the existence of inventory items in each warehouse
- B . Assigning the tolerable deviation rate to determine the sample size
- C . Valuating the obsolete Inventory from all the warehouse locations
- D . Confirming that the purchased items are recorded In the correct period