LATEST IIA-CIA-PART2 TEST QUESTIONS & FREE PDF QUIZ 2025 IIA PRACTICE OF INTERNAL AUDITING REALISTIC EXAM DISCOUNT

Latest IIA-CIA-Part2 Test Questions & Free PDF Quiz 2025 IIA Practice of Internal Auditing Realistic Exam Discount

Latest IIA-CIA-Part2 Test Questions & Free PDF Quiz 2025 IIA Practice of Internal Auditing Realistic Exam Discount

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In today's technological world, more and more students are taking the Practice of Internal Auditing (IIA-CIA-Part2) exam online. While this can be a convenient way to take a Practice of Internal Auditing (IIA-CIA-Part2) exam dumps, it can also be stressful. Luckily, Lead1Pass's best IIA IIA-CIA-Part2 exam questions can help you prepare for your IIA IIA-CIA-Part2 Certification Exam and reduce your stress. If you are preparing for the Practice of Internal Auditing (IIA-CIA-Part2) exam dumps our IIA-CIA-Part2 Questions help you to get high scores in your Practice of Internal Auditing (IIA-CIA-Part2) exam.

IIA-CIA-Part2 certification exam is the second part of the Certified Internal Auditor (CIA) program. The CIA program is a three-part certification program that is designed to provide individuals with the necessary knowledge and skills to succeed in the field of internal auditing. The IIA-CIA-Part2 Exam focuses on the practical application of internal auditing concepts and principles.

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2025 Reliable Latest IIA-CIA-Part2 Test Questions | IIA-CIA-Part2 100% Free Exam Discount

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IIA Practice of Internal Auditing Sample Questions (Q470-Q475):

NEW QUESTION # 470
The audit plan requires a review of the testing procedures used in pre-production of a large information system prior to its live launch. If the chief audit executive (CAE) is uncertain that the current audit team has all the required knowledge to conduct the engagement, which of the following would be the most appropriate course of action for the CAE to take to preserve independence?

  • A. Request audit resources through the external auditor.
  • B. Make use of an external service provider.
  • C. Ask for a knowledgeable resource from the IT department.
  • D. Contract with the software vendor to provide an appropriate resource.

Answer: B

Explanation:
When the chief audit executive (CAE) is uncertain whether the internal audit team has the necessary knowledge to conduct a specific engagement, such as reviewing testing procedures for a large information system, the most appropriate course of action is to engage an external service provider with the required expertise. This option helps to preserve the independence and objectivity of the internal audit activity.
Detailed Explanation:
IIA Standard 1210 - Proficiency:
This standard requires that internal auditors possess the knowledge, skills, and other competencies needed to perform their responsibilities. If the current team lacks the necessary skills, the CAE must seek external expertise.
Preserving Independence:
Engaging an external service provider helps maintain the independence of the internal audit function, as the expertise is sourced from an independent party. This prevents potential conflicts of interest that might arise if resources are borrowed from within the organization (e.g., from the IT department).
IIA Practice Advisory 1210.A1-1:
This advisory suggests that the CAE may employ external experts to provide specialized knowledge for certain audit engagements, ensuring the audit activity remains independent and objective.
Why Not Other Options?
Option A (Contract with the software vendor): This could compromise independence, as the vendor may have a vested interest in the outcome of the audit.
Option B (Ask for a knowledgeable resource from IT): Using internal resources, especially from the IT department being audited, could impair independence and objectivity.
Option D (Request resources through the external auditor): This might be appropriate in some cases, but it is not as direct and effective as hiring an external provider with specialized skills for this specific engagement.
Conclusion: Option C is correct as it ensures the internal audit function maintains its independence while acquiring the necessary expertise to conduct the engagement effectively, in line with IIA standards.


NEW QUESTION # 471
An internal auditor is testing the success of the IT support department in meeting the service levels guaranteed to small, medium and large customers. The customer's size classification is based on its annual expenditures with the organization and the nature and extent of services it receives. Which of the following sampling techniques would be the most suitable to select customers for this test?

  • A. Stop-and-go sampling
  • B. Stratified sampling
  • C. Interval sampling
  • D. Cluster sampling

Answer: B

Explanation:
Stratified sampling is the most suitable technique for selecting customers for testing the IT support department's success in meeting service levels, as it involves dividing the population into distinct subgroups (strata) based on certain characteristics (in this case, customer size classification based on annual expenditures and service nature). This method ensures that each subgroup is adequately represented in the sample, providing more reliable and relevant results. References:
* The IIA's Global Technology Audit Guide (GTAG) on Data Analysis Technologies.
* The IIA's Practice Guide on Audit Sampling.


NEW QUESTION # 472
Which of the following factors should a chief audit executive consider when determining the audit universe?
1. Components of the organization's strategic plan.
2. Inputs from senior management and the board.
3. Views of competitors and business associates.
4. Results of exit interviews with departing employees.

  • A. 1, 2, and 4
  • B. 2 and 4 only
  • C. 1 and 2 only
  • D. 2, 3, and 4

Answer: C

Explanation:
Section: Volume E


NEW QUESTION # 473
During a systems development audit, software developers indicated that all programs were moved from the development environment to the production environment and then tested in the production environment. What should the auditor recommend?
I. Implement a test environment to ensure that testing is not performed in the production environment.
II. Require developers to move modified programs from the development environment to the test environment and from the test environment to the production environment.
III.
Eliminate access by developers to the production environment.

  • A. I and III only
  • B. I and II only
  • C. III only
  • D. I only

Answer: A


NEW QUESTION # 474
The internal audit activity is planning an assurance engagement for a foreign subsidiary. According to IIA guidance, which of the following would be included in the preliminary communication to management of the area under review?

  • A. The resources and travel budget, the scope of the engagement, and the estimated time frame.
  • B. The estimated time frame, the names of the auditors, and the resources and travel budget.
  • C. The scope of the engagement, the estimated time frame, and the names of the auditors.
  • D. The names of the auditors, the resources and travel budget, and the scope of the engagement.

Answer: C

Explanation:
When planning an assurance engagement, especially for a foreign subsidiary, it is essential to communicate effectively with management to ensure transparency and set expectations. According to IIA guidance, the preliminary communication should include critical information that helps the management of the area under review understand the purpose, scope, and logistics of the audit.
Detailed Explanation:
IIA Standard 2201 - Planning Considerations:
This standard emphasizes that the internal auditor should plan the engagement to achieve the engagement objectives effectively. It includes discussing the scope, objectives, timing, and resource allocations with management.
Key Elements to Include in Preliminary Communication:
Scope of the Engagement: Clearly defining what the audit will cover ensures that both the auditors and the management understand the boundaries and focus areas of the audit.
Estimated Time Frame: Providing a timeline helps management plan their activities and ensures that the audit process does not interfere with critical operations.
Names of the Auditors: Identifying the audit team helps in establishing a working relationship and allows management to know who will be conducting the audit.
IIA Practice Advisory 2201-1:
This advisory suggests that early communication of the scope, timing, and staffing helps in gaining the management's cooperation and sets the stage for a successful audit.
Why Not Other Options?
Option B and D (Including resources and travel budget): These details are more administrative and do not need to be included in the preliminary communication to management.
Option C (Resources, budget, and scope): While scope is important, resources and budget are internal matters and not essential in preliminary communication with management.
Conclusion: Option A is correct as it ensures that the management is informed about the key aspects of the audit that directly impact them, aligning with IIA's standards for audit planning and communication.


NEW QUESTION # 475
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