IIA-CIA-Part2

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The dumps for IIA-CIA-Part2 exam was last updated on May 26,2025 .

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Question#1

During the planning phase of an assurance engagement, an internal auditor seeks to gam an understanding of now when the area under review is accomplishing its objectives.
When of the Following information-gathering techniques is the auditor most likely to use?

A. A review of the key performance indicators of me area under review.

B. A walkthrough of the key processes of the area under review.

C. An interview with the manager regarding the area's business plan.

D. A review of previous audit and follow- up results of the area under review

Question#2

Which of the following situations is most critical for the chief audit executive to report to the board?

A. The chief audit executive disagreed with the business unit manager's initial decision to accept a particular risk Management ultimately agreed to address the risk only after discussing the issue with senior management.

B. The internal audit activity was restructured, which resulted in a significant change in responsibilities among audit managers and supervisors for some audits

C. A staff internal auditor had difficulties completing a portion of the audit because management of the area under review was unwilling to cooperate and provide information timely.

D. The resignation of an internal audit manager during the year caused the chief audit executive to defer a number of audit engagements to the following year.

Question#3

Which of the following describes the primary objective of an internal audit engagement supervisor?

A. Uphold the quality of the internal audit actively

B. Provide engagement progress updates to management of the area under review

C. Assure risks and controls are identified and assessed

D. Ensure timely completion of the engagement

Question#4

Which of the following statements is true regarding risk assessments, including the evaluation and prioritization of risk and control factors?

A. A risk-by-process matrix enables the user to determine associations between any of the processes and the risks.

B. The risk-factor approach for linking business processes and risks is more direct than the use of a risk-by-process matrix.

C. Internal risk factors are built into the environment and the nature of the process itself.

D. A risk map is used primarily to depict which risks will be reduced and which will be shared.

Explanation:
A risk-by-process matrix is a tool that allows users to identify and analyze the associations between various business processes and the risks that affect them. This matrix helps in understanding how risks are distributed across different processes and can be instrumental in prioritizing audit activities based on risk.
IIA
Reference: IIA Standard 2210: Engagement Objectives suggests that internal auditors should consider risks when setting audit objectives. A risk-by-process matrix is an effective tool for mapping out these risks in relation to processes, providing a clear visual representation of where the most significant risks lie. The Practice Guide on Risk Assessment outlines the use of matrices, including risk-by-process matrices, to facilitate the identification and prioritization of risks within different processes.

Question#5

Which of the following is one of the five attributes that internal auditors include when documenting a deficiency?

A. The criteria used to make the evaluation

B. The methodology used to analyze data

C. The proposed follow-up engagement work to be performed

D. The scope of work performed during the engagement

Exam Code: IIA-CIA-Part2 Q & A: 492 Q&As Updated: May 26,2025

Full IIA-CIA-Part2 Exam Dumps Here

Exam Code: IIA-CIA-Part2
Q & A: 492 Q&As
Updated: May 26,2025

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