IIA CIA-Part2-2025 - CIA Part 2 - Internal Audit Engagement Exam
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Total 100 questions
Question #11 (Topic: Exam A)
An internal auditor at a construction company is performing an audit of the company's accounts payable process. The auditor would like to use data analytics to determine whether the company paid any of its vendors an incorrect amount over the past 12 months.
Which type of test would help the auditor achieve this objective?
Which type of test would help the auditor achieve this objective?
A. Compare accounts payable and inventory data sources to determine whether amounts purchased from vendors agree with amounts received from vendors.
B. Add numeric values to check against control totals.
C. Compare bid submission dates among all of the company's vendors to determine whether the last vendor to submit their proposal regularly wins the bid.
D. Check for duplicate invoice numbers and invoice amounts.
Answer: B
Question #12 (Topic: Exam A)
Which of the following would best prevent phishing attacks on an organization?
A. An intrusion detection system.
B. Use of firewalls.
C. Regular security awareness training.
D. Application hardening.
Answer: C
Question #13 (Topic: Exam A)
A compliance engagement is underway, and management of the activity under review has asked the internal auditor to provide regular status updates and information regarding preliminary observations before the engagement is complete.
Which of the following would be the internal auditor’s most appropriate response?
Which of the following would be the internal auditor’s most appropriate response?
A. The auditor should accommodate the request for information and brief management on significant preliminary observations as they develop.
B. The auditor should advise management that the requested information cannot be communicated until the engagement is complete and the results undergo a quality check by the engagement supervisor.
C. The auditor should share the requested information but clearly communicate that it is not appropriate for him to correct any observations based on further information that may be provided by management.
D. The auditor should partially accommodate the request explaining that he can provide status updates regarding the engagement procedures and timeline, but he is unable to provide information regarding preliminary observations.
Answer: A
Question #14 (Topic: Exam A)
A chief audit executive assigns a team of three internal auditors to carry out an audit engagement to ascertain adherence to the requirements of the procurement policy. Which of the following should be included in the scope of this engagement?
A. The sample size to be considered.
B. The inherent risks to be considered.
C. The audit procedures to be considered.
D. The sub-processes to be considered.
Answer: D
Question #15 (Topic: Exam A)
Which of the following measures immediate short-term liquidity?
A. Current ratio.
B. Profit margin.
C. Quick ratio.
D. Times interest earned.
Answer: C
