IIA CIA-Part2-2025 - CIA Part 2 - Internal Audit Engagement Exam
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Total 100 questions
Question #6 (Topic: Exam A)
An internal auditor wants to examine the intensity of correlation between electricity price and wind speed. Which of the following analytical approaches would be most appropriate for this purpose?
A. A Gantt chart.
B. A scatter diagram.
C. A RACI chart.
D. A SIPOC diagram.
Answer: B
Question #7 (Topic: Exam A)
A technology organization is developing an artificial intelligence (AI) program for use on its social media platform. The AI program is meant to help content creators with images and posts that will acquire followers more efficiently. The internal audit function is planning an engagement of the AI program development.
Which of the following should be considered a significant, immediate, and inherent risk?
Which of the following should be considered a significant, immediate, and inherent risk?
A. The AI program becomes self-reliant and no longer requires human assistance to perform tasks for the organization.
B. The AI program advancements allow for it to generate original images for use by content creators and other individuals.
C. The AI program captures images found online that are created and owned by individuals and other organizations.
D. The AI program will have to comply with the national regulation expected to come in force in two years time.
Answer: C
Question #8 (Topic: Exam A)
Which of the following statements regarding the current ratio is true?
A. Two organizations with the same amount of working capital will have the same current ratio.
B. The current ratio compares the composition of current assets and liabilities.
C. The working capital ratio is a more reliable indicator of liquidity than the current ratio.
D. An organization with a current ratio of 3.50:1 has $3.50 in current assets for every $1 of current liabilities.
Answer: D
Question #9 (Topic: Exam A)
During an audit, the chief audit executive reviews and approves changes to the audit program. Which of the following describes this activity?
A. Engagement reporting.
B. Continuous monitoring.
C. Engagement supervision.
D. Engagement risk assessment.
Answer: C
Question #10 (Topic: Exam A)
At the conclusion of a quality assurance review, the chief audit executive (CAE) was informed that several audits included incomplete workpapers, and some workpapers were not completed within the established timeframe.
How should the CAE address the issue of incomplete workpapers?
How should the CAE address the issue of incomplete workpapers?
A. Delete incomplete workpapers from the audit folder.
B. Establish a taskforce to complete workpapers for audits that are contested.
C. Develop guidelines and procedures for completing workpapers.
D. Verify that the workpapers that support audit findings are complete; if so, no further action is required.
Answer: C
