Free IIA IIA-CIA-Part2 Practice Questions 2026 - Page 13

According to IIA guidance, when would an interim report typically be produced?

A. During a standard audit engagement when management wants to address an issue before the final report is drafted.

B. Following each workshop conducted during a consulting engagement.

C. During lengthy audit engagements involving several organizational units.

D. Following management's update tor actions taken on outstanding recommendations.

Which of the following would be most likely found in an internal audit procedures manual?

A. A summary of the strategic plan of the area under review.

B. Appropriate response options for when findings are disputed by management.

C. An explanation of the resources needed for each engagement.

D. The extent of the auditor's authority to collect data from management.

Upon concluding the engagement fieldwork an internal auditor discusses the audit findings with operational management There is a greater likelihood that the auditor will obtain a responsive action plan from management when both parties agree on which of the following attributes of the audit finding?

A. Criteria

B. Condition

C. Cause

D. Effect

An internal audit intends to create a risk and control matrix to better understand the organization's complex manufacturing process. With which of the following approaches would the auditor most likely start?

A. Assess management responses to key risk exposures

B. Analyze the costs and benefits of key controls

C. Evaluate the design adequacy of known controls

D. Conduct a walk-through of all related activates

The chief audit executive (CAE) is developing a workpaper preparation policy for a new internal audit activity. The CAE wants to ensure that all workpapers relate directly to the engagement objectives. Which of the following statements should be included in the policy specifically to address this concern?

A. The workpapers should be understandable.

B. The workpapers should be relevant.

C. The workpapers should be economical.

D. The workpapers should be complete.

An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. Which of the following courses of action would have prevented this situation?

A. The auditor should have ensured the preservation of audit evidence by taking screenshots or extracting tender documents

B. The auditor should have extracted a list of logs and identified any actions that were executed in the database during the audit

C. The auditor should have instructed procurement workers that changes to the database during the course of the audit were strictly forbidden

D. The internal auditor should have created a more thorough work program, which would address audit criteria and potential causes in more detail

Which of the following is most likely to be considered a control weakness?

A. Vendor invoice payment requests are accompanied by a purchase order and receiving report.

B. Purchase orders are typed by the purchasing department using prenumbered forms

C. Buyers promptly update the official vendor listing as new supplier sources become known.

D. Department managers initiate purchase requests that must be approved by the plant superintendent

According to IIA guidance, which of the following describes the primary reason the chief audit executive (CAE) should actively network and build relationships with senior management and the board?

A. To fulfill the CAE's responsibility to keep the board appropriately informed.

B. To expand the CAE's understanding of management issues.

C. To help maintain the objectivity of the internal audit activity.

D. To increase opportunities to demonstrate the internal audit activity performance.

White planning an audit engagement of a procurement card activity. which of the following actions should an internal auditor take to denary relevant risks and controls?

A. Compare card transaction types against procurement card policy guidelines.

B. Develop the scope and objectives of the engagement

C. Determine how many cardholders exceeded their daily limit.

D. Meet with the procurement card program administrator

Which of the following steps should an internal auditor complete when conducting a review of an electronic data interchange application provided by a third-party service?

Ensure encryption keys meet ISO standards.

Determine whether an independent review of the service provider's operation has been conducted.

Verify that the service provider’s contracts include necessary clauses.

Verify that only public-switched data networks are used by the service provider.

A. 1 and 3.

B. 1 and 4.

C. 2 and 3.

D. 2 and 4.