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Latest IIA-CIA-Part2 Exam Practice Questions

The practice questions for IIA-CIA-Part2 exam was last updated on 2025-04-26 .

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Question#1

Some lime after the final audit report was issued, the engagement supervisor teamed that several internal control deficiencies were not remedied, despite management's previous agreement to remedy them According to IIA guidance, which of the following is the most appropriate response'5

A. The engagement supervisor must notify the chief audit executive (CAE) that the deficiencies have not been rectified

B. The engagement supervisor should rely on professional judgment as to whether the CAE should be informed, or the management action plan should be adjusted

C. The engagement supervisor should rely on his negotiation skills and issue an ultimatum to management to remedy the control deficiencies

D. Ensure that these deficiencies are captured in the documentation as high-priority areas to be reviewed during the next audit.

Question#2

Which of the following computerized audit tools or techniques should be used if the internal auditor wants to extract specific files and records in the database?

A. An expert or decision support system

B. Generalized audit software

C. A system utility program

D. An integrated test facility

Question#3

In which of the following situations would an internal auditor consider the need to outsource competencies and skills

A. During the inspection of a wind turbine. an internal auditor notices that some replaced parts took used According to purchase documents, the parts still have a long lifespan.

B. The auditor believes that the audit client's actions contradict the organization's code of conduct the audit client disagrees and says his actions are for the organization's benefit

C. An audit team member is allocated to conduct an assurance engagement m the sales unit. However, the same auditor performed an assurance engagement in that area just one year prior

D. During an inventory count, the auditor ascertained that some goods were missing. The audit client argues that the auditor does not understand how inventory should be counted

Question#4

An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?

A. Verifying the existence of inventory items in each warehouse

B. Assigning the tolerable deviation rate to determine the sample size

C. Valuating the obsolete Inventory from all the warehouse locations

D. Confirming that the purchased items are recorded In the correct period

Question#5

Internal auditors map a process by documenting the steps in the process, which provides a framework for understanding.
Which of the following is a reason to use narrative memoranda?

A. To create a detailed risk assessment.

B. To identify individuals who perform key roles.

C. To explain a simple process.

D. To document which outputs support other activities.

Explanation:
Narrative memoranda are used in internal auditing to describe processes in a clear and detailed manner, especially when the process is simple. This method is effective for documenting straightforward processes where a flowchart or other visual representation might be unnecessary or overly complex.
Detailed Explanation
IIA Standard 2330 C Documenting Information:
This standard requires that internal auditors document relevant information to support engagement conclusions and recommendations. Narrative memoranda are one way to document processes, particularly when the process is simple and can be easily described in text.
Use of Narrative Memoranda:
Narrative memoranda provide a written account of a process, outlining each step in a sequential manner. This method is particularly useful for simple processes where the key points can be easily captured in a narrative form, without the need for complex diagrams. Efficiency in Documentation:
For simple processes, a narrative memorandum is more efficient than a detailed flowchart. It allows the auditor to explain the process clearly and concisely, ensuring that all necessary information is captured without unnecessary detail.
Why Not Other Options?
Option A (Detailed risk assessment): A narrative memorandum is not typically used for risk assessments, which require more detailed analysis and often visual aids.
Option B (Identify key roles): While a narrative can mention roles, this is not its primary purpose .
Option D (Document outputs): Documenting outputs that support other activities typically requires more detailed mapping, such as flowcharts or tables.
Conclusion: Option C is correct because narrative memoranda are best suited for explaining simple processes in a clear and concise manner, in line with IIA documentation standards.

Exam Code: IIA-CIA-Part2Q & A: 481 Q&AsUpdated: 2025-04-26

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