{"id":105144,"date":"2025-07-01T08:12:00","date_gmt":"2025-07-01T08:12:00","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=105144"},"modified":"2025-07-04T03:12:02","modified_gmt":"2025-07-04T03:12:02","slug":"iia-cia-part2-dumps-v17-03-can-be-checked-by-reading-demo-questions-iia-cia-part2-free-dumps-part-2-q41-q80-online","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-dumps-v17-03-can-be-checked-by-reading-demo-questions-iia-cia-part2-free-dumps-part-2-q41-q80-online.html","title":{"rendered":"IIA-CIA-Part2 Dumps (V17.03) Can Be Checked By Reading Demo Questions: IIA-CIA-Part2 Free Dumps (Part 2, Q41-Q80) Online"},"content":{"rendered":"<p>If you are planning to take the CIA Exam Part Two: Practice of Internal Auditing (IIA-CIA-Part2) exam, you can choose the latest study materials and prepare thoroughly. DumpsBase\u2019s IIA-CIA-Part2 dumps (V17.03) are available to ensure you are well-prepared for the IIA-CIA-Part2 exam. When checking the <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-dumps-v17-03-are-the-current-version-with-492-practice-qas-you-can-check-iia-cia-part2-free-dumps-part-1-q1-q40-online.html\"><em><strong>IIA-CIA-Part2 free dumps (Part 1, Q1-Q40)<\/strong><\/em><\/a> online, you will find that our dumps cover all the exam objectives thoroughly, also they reflect the latest exam questions, keeping you ahead in your CIA Exam Part Two: Practice of Internal Auditing exam preparation. To help you check more, we will share IIA-CIA-Part2 free dumps (Part 2, Q41-Q80) online.<\/p>\n<h2>Below are the <em><span style=\"background-color: #00ffff;\">IIA-CIA-Part2 free dumps (Part 2, Q41-Q80)<\/span><\/em> for reading:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam10133\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-10133\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10133\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-402424'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>As a result of server managements assumption of risk there is residual risk that exceeds me organisation's risk appetite. <br \/>\r<br>Which of the following actions would be most appropriate for the chief audit executive to take?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='402424' \/><input type='hidden' id='answerType402424' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402424[]' id='answer-id-1561955' class='answer   answerof-402424 ' value='1561955'   \/><label for='answer-id-1561955' id='answer-label-1561955' class=' answer'><span>ignore the responsibility of addressing the residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402424[]' id='answer-id-1561956' class='answer   answerof-402424 ' value='1561956'   \/><label for='answer-id-1561956' id='answer-label-1561956' class=' answer'><span>Assume the responsibility of addressing the residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402424[]' id='answer-id-1561957' class='answer   answerof-402424 ' value='1561957'   \/><label for='answer-id-1561957' id='answer-label-1561957' class=' answer'><span>Ensure senior management acknowledges residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402424[]' id='answer-id-1561958' class='answer   answerof-402424 ' value='1561958'   \/><label for='answer-id-1561958' id='answer-label-1561958' class=' answer'><span>Communicate with the board the issue of residual risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-402425'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. <br \/>\r<br>According to IIA guidance, which of the following roles should the CAE not undertake?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='402425' \/><input type='hidden' id='answerType402425' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402425[]' id='answer-id-1561959' class='answer   answerof-402425 ' value='1561959'   \/><label for='answer-id-1561959' id='answer-label-1561959' class=' answer'><span>Manage and coordinate risk management processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402425[]' id='answer-id-1561960' class='answer   answerof-402425 ' value='1561960'   \/><label for='answer-id-1561960' id='answer-label-1561960' class=' answer'><span>Audit risk management processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402425[]' id='answer-id-1561961' class='answer   answerof-402425 ' value='1561961'   \/><label for='answer-id-1561961' id='answer-label-1561961' class=' answer'><span>Become involved in risk oversight committees, monitoring activities, and status reporting.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402425[]' id='answer-id-1561962' class='answer   answerof-402425 ' value='1561962'   \/><label for='answer-id-1561962' id='answer-label-1561962' class=' answer'><span>Accept management's responsibility for risk management without board approval.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-402426'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Due to price risk from the foreign currency purchase of aviation fuel, an airliner has purchased forward contracts to hedge against fluctuations in the exchange rate. <br \/>\r<br>When recalculating the exchange losses from individual purchases of jet fuel, which of the following details does the internal auditor need to validate? <br \/>\r<br>1. The hedge documentation designating the hedge. <br \/>\r<br>2. The spot exchange rate on the transaction date. <br \/>\r<br>3. The terms of the forward contract. <br \/>\r<br>4. The amount of fuel purchased.<\/div><input type='hidden' name='question_id[]' id='qID_3' value='402426' \/><input type='hidden' id='answerType402426' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402426[]' id='answer-id-1561963' class='answer   answerof-402426 ' value='1561963'   \/><label for='answer-id-1561963' id='answer-label-1561963' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402426[]' id='answer-id-1561964' class='answer   answerof-402426 ' value='1561964'   \/><label for='answer-id-1561964' id='answer-label-1561964' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402426[]' id='answer-id-1561965' class='answer   answerof-402426 ' value='1561965'   \/><label for='answer-id-1561965' id='answer-label-1561965' class=' answer'><span>2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402426[]' id='answer-id-1561966' class='answer   answerof-402426 ' value='1561966'   \/><label for='answer-id-1561966' id='answer-label-1561966' class=' answer'><span>3 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-402427'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following should be the focus of the effect section of the preliminary observations document?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='402427' \/><input type='hidden' id='answerType402427' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402427[]' id='answer-id-1561967' class='answer   answerof-402427 ' value='1561967'   \/><label for='answer-id-1561967' id='answer-label-1561967' class=' answer'><span>Residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402427[]' id='answer-id-1561968' class='answer   answerof-402427 ' value='1561968'   \/><label for='answer-id-1561968' id='answer-label-1561968' class=' answer'><span>Inherent risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402427[]' id='answer-id-1561969' class='answer   answerof-402427 ' value='1561969'   \/><label for='answer-id-1561969' id='answer-label-1561969' class=' answer'><span>Compensating controls<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402427[]' id='answer-id-1561970' class='answer   answerof-402427 ' value='1561970'   \/><label for='answer-id-1561970' id='answer-label-1561970' class=' answer'><span>Control activities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-402428'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>An internal auditor completed a review of expenses related to the launch of a new project. The auditor sampled 45 transactions approved by a senior project manager and identified 30 with questionable vendor documentation. <br \/>\r<br>Which of the following is the most appropriate conclusion for the auditor to include in the audit report?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='402428' \/><input type='hidden' id='answerType402428' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402428[]' id='answer-id-1561971' class='answer   answerof-402428 ' value='1561971'   \/><label for='answer-id-1561971' id='answer-label-1561971' class=' answer'><span>The organization incurred excessive cost overruns that resulted in significant financial and legal risk to the project.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402428[]' id='answer-id-1561972' class='answer   answerof-402428 ' value='1561972'   \/><label for='answer-id-1561972' id='answer-label-1561972' class=' answer'><span>The organization experienced a potential conflict of interest<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402428[]' id='answer-id-1561973' class='answer   answerof-402428 ' value='1561973'   \/><label for='answer-id-1561973' id='answer-label-1561973' class=' answer'><span>The organization had weaknesses in its review process which allowed questionable transactions with some vendors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402428[]' id='answer-id-1561974' class='answer   answerof-402428 ' value='1561974'   \/><label for='answer-id-1561974' id='answer-label-1561974' class=' answer'><span>The organization allowed the project to launch without assurance that all transactions were regularly approved<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-402429'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>During a consulting engagement an internal auditor wants to determine whether all principal stakeholders are involved in a project. <br \/>\r<br>Which tool should the auditor use?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='402429' \/><input type='hidden' id='answerType402429' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402429[]' id='answer-id-1561975' class='answer   answerof-402429 ' value='1561975'   \/><label for='answer-id-1561975' id='answer-label-1561975' class=' answer'><span>RACI (responsible, accountable, consult and inform) chart<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402429[]' id='answer-id-1561976' class='answer   answerof-402429 ' value='1561976'   \/><label for='answer-id-1561976' id='answer-label-1561976' class=' answer'><span>Flowchart<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402429[]' id='answer-id-1561977' class='answer   answerof-402429 ' value='1561977'   \/><label for='answer-id-1561977' id='answer-label-1561977' class=' answer'><span>SWOT {strengths. weaknesses opportunities, and threats) analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402429[]' id='answer-id-1561978' class='answer   answerof-402429 ' value='1561978'   \/><label for='answer-id-1561978' id='answer-label-1561978' class=' answer'><span>Workflow analysis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-402430'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Which of the following would not be a typical activity for the chief audit executive to perform following an audit engagement?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='402430' \/><input type='hidden' id='answerType402430' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402430[]' id='answer-id-1561979' class='answer   answerof-402430 ' value='1561979'   \/><label for='answer-id-1561979' id='answer-label-1561979' class=' answer'><span>Report follow-up activities to senior management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402430[]' id='answer-id-1561980' class='answer   answerof-402430 ' value='1561980'   \/><label for='answer-id-1561980' id='answer-label-1561980' class=' answer'><span>Implement follow-up procedures to evaluate residual risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402430[]' id='answer-id-1561981' class='answer   answerof-402430 ' value='1561981'   \/><label for='answer-id-1561981' id='answer-label-1561981' class=' answer'><span>Determine the costs of implementing the recommendations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402430[]' id='answer-id-1561982' class='answer   answerof-402430 ' value='1561982'   \/><label for='answer-id-1561982' id='answer-label-1561982' class=' answer'><span>Evaluate the extent of improvements.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-402431'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='402431' \/><input type='hidden' id='answerType402431' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402431[]' id='answer-id-1561983' class='answer   answerof-402431 ' value='1561983'   \/><label for='answer-id-1561983' id='answer-label-1561983' class=' answer'><span>The establishment of an audit approach and documentation system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402431[]' id='answer-id-1561984' class='answer   answerof-402431 ' value='1561984'   \/><label for='answer-id-1561984' id='answer-label-1561984' class=' answer'><span>The standardization of workpaper terminology and notations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402431[]' id='answer-id-1561985' class='answer   answerof-402431 ' value='1561985'   \/><label for='answer-id-1561985' id='answer-label-1561985' class=' answer'><span>The ability to reach consistent audit conclusions regardless of who performs the audit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402431[]' id='answer-id-1561986' class='answer   answerof-402431 ' value='1561986'   \/><label for='answer-id-1561986' id='answer-label-1561986' class=' answer'><span>The application of documentation standards m an appropriate and consistent manner<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-402432'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>An internal auditor is conducting a preliminary survey of the investments area, and sends an internal control questionnaire to the management of the function. (An extract of the survey is provided below). <br \/>\r<br><br><img decoding=\"async\" width=624 height=13 id=\"\u56fe\u7247 50\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2025\/05\/image001-11.png\"><br><br \/>\r<br>1. Are there any restrictions for any company's investments? <br \/>\r<br>2. Are there any written policies and procedures that document the flow of investment processing? <br \/>\r<br>3. Are investment purchases recorded in the general ledger on the date traded? <br \/>\r<br>4. Is the documentation easily accessible to an persons who need in to perform their job? <br \/>\r<br>Which of the following is a drawback of testing methods like this?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='402432' \/><input type='hidden' id='answerType402432' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402432[]' id='answer-id-1561987' class='answer   answerof-402432 ' value='1561987'   \/><label for='answer-id-1561987' id='answer-label-1561987' class=' answer'><span>They ore kitted as they do not allow the auditor to test many controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402432[]' id='answer-id-1561988' class='answer   answerof-402432 ' value='1561988'   \/><label for='answer-id-1561988' id='answer-label-1561988' class=' answer'><span>They do not highlight control gaps<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402432[]' id='answer-id-1561989' class='answer   answerof-402432 ' value='1561989'   \/><label for='answer-id-1561989' id='answer-label-1561989' class=' answer'><span>They are not useful for identifying areas on which the auditor should locus.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402432[]' id='answer-id-1561990' class='answer   answerof-402432 ' value='1561990'   \/><label for='answer-id-1561990' id='answer-label-1561990' class=' answer'><span>They are limited as there is a risk that management may not answer fairly.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-402433'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>A toy manufacturer receives certain components from an overseas supplier and uses them to assemble final products Recently quality reviews have identified numerous issues regarding the components' compliance with mandatory quality standards. <br \/>\r<br>Which type of engagement would be most appropriate to assess the root causes of the quality issues?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='402433' \/><input type='hidden' id='answerType402433' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402433[]' id='answer-id-1561991' class='answer   answerof-402433 ' value='1561991'   \/><label for='answer-id-1561991' id='answer-label-1561991' class=' answer'><span>A risk assessment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402433[]' id='answer-id-1561992' class='answer   answerof-402433 ' value='1561992'   \/><label for='answer-id-1561992' id='answer-label-1561992' class=' answer'><span>An operational audit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402433[]' id='answer-id-1561993' class='answer   answerof-402433 ' value='1561993'   \/><label for='answer-id-1561993' id='answer-label-1561993' class=' answer'><span>A third-party audit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402433[]' id='answer-id-1561994' class='answer   answerof-402433 ' value='1561994'   \/><label for='answer-id-1561994' id='answer-label-1561994' class=' answer'><span>A fraud investigation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-402434'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>An internal auditor collected several employee testimonials. <br \/>\r<br>Which of the following is the best action for the internal auditor to take before drawing a conclusion?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='402434' \/><input type='hidden' id='answerType402434' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402434[]' id='answer-id-1561995' class='answer   answerof-402434 ' value='1561995'   \/><label for='answer-id-1561995' id='answer-label-1561995' class=' answer'><span>Ensure the testimonials are well documented<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402434[]' id='answer-id-1561996' class='answer   answerof-402434 ' value='1561996'   \/><label for='answer-id-1561996' id='answer-label-1561996' class=' answer'><span>Substantiate the testimonials with physical or documentary evidence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402434[]' id='answer-id-1561997' class='answer   answerof-402434 ' value='1561997'   \/><label for='answer-id-1561997' id='answer-label-1561997' class=' answer'><span>Corroborate testimonials with the results from other soft control techniques<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402434[]' id='answer-id-1561998' class='answer   answerof-402434 ' value='1561998'   \/><label for='answer-id-1561998' id='answer-label-1561998' class=' answer'><span>Review the testimonials with the interviewed employees<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-402435'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>An organization recently acquired a subsidiary in a new industry, and management asked the chief audit executive (CAE) to perform a comprehensive audit of the subsidiary prior to recommencing operations. The CAE is unsure her team has the necessary skills and knowledge to accept the engagement According to IIAguidance, which of the following responses by the CAE would be most appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='402435' \/><input type='hidden' id='answerType402435' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402435[]' id='answer-id-1561999' class='answer   answerof-402435 ' value='1561999'   \/><label for='answer-id-1561999' id='answer-label-1561999' class=' answer'><span>The CAE should accept the engagement and ensure that an explanation of the expertise limitations is included in the final audit report.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402435[]' id='answer-id-1562000' class='answer   answerof-402435 ' value='1562000'   \/><label for='answer-id-1562000' id='answer-label-1562000' class=' answer'><span>The CAE should ask management to hire an external expert who is familiar with the industry to perform an independent audit for management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402435[]' id='answer-id-1562001' class='answer   answerof-402435 ' value='1562001'   \/><label for='answer-id-1562001' id='answer-label-1562001' class=' answer'><span>The CAE should accept the engagement and hire an external expert to assist the audit team with the audit of the subsidiary<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402435[]' id='answer-id-1562002' class='answer   answerof-402435 ' value='1562002'   \/><label for='answer-id-1562002' id='answer-label-1562002' class=' answer'><span>The CAE should recommend postponing the engagement until the internal audit team is able to develop sufficient knowledge of the new industry<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-402436'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>An internal auditor conducted interviews with several employees, documented the interviews analyzed the summaries, and drew a number of conclusions. <br \/>\r<br>What sort of audit evidence has the internal auditor primarily obtained?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='402436' \/><input type='hidden' id='answerType402436' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402436[]' id='answer-id-1562003' class='answer   answerof-402436 ' value='1562003'   \/><label for='answer-id-1562003' id='answer-label-1562003' class=' answer'><span>Documentary evidence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402436[]' id='answer-id-1562004' class='answer   answerof-402436 ' value='1562004'   \/><label for='answer-id-1562004' id='answer-label-1562004' class=' answer'><span>Testimonial evidence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402436[]' id='answer-id-1562005' class='answer   answerof-402436 ' value='1562005'   \/><label for='answer-id-1562005' id='answer-label-1562005' class=' answer'><span>Analytical evidence<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402436[]' id='answer-id-1562006' class='answer   answerof-402436 ' value='1562006'   \/><label for='answer-id-1562006' id='answer-label-1562006' class=' answer'><span>Physical evidence<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-402437'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>An audit observation states the following: <br \/>\r<br>&quot;Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding contacts with clients who have very high credit ratings. The internal audit team tested 50 contacts and 17 showed clients with a poor credit history&quot; <br \/>\r<br>Which of the following components are missing in the observation?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='402437' \/><input type='hidden' id='answerType402437' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402437[]' id='answer-id-1562007' class='answer   answerof-402437 ' value='1562007'   \/><label for='answer-id-1562007' id='answer-label-1562007' class=' answer'><span>Cause and effect.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402437[]' id='answer-id-1562008' class='answer   answerof-402437 ' value='1562008'   \/><label for='answer-id-1562008' id='answer-label-1562008' class=' answer'><span>Effect and criteria<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402437[]' id='answer-id-1562009' class='answer   answerof-402437 ' value='1562009'   \/><label for='answer-id-1562009' id='answer-label-1562009' class=' answer'><span>Condition and cause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402437[]' id='answer-id-1562010' class='answer   answerof-402437 ' value='1562010'   \/><label for='answer-id-1562010' id='answer-label-1562010' class=' answer'><span>Criteria and condition.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-402438'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>When presenting an observation m writing which or the Mowing is usually true regarding the level of detail provided? <br \/>\r<br>1. The description of the observation in the final audit report contains more detail then the description m the engagement workpapers <br \/>\r<br>2. The description of the observation m the engagement workpapers contains more detail than the descriptor n a preliminary observation document <br \/>\r<br>3. A preliminary observation document contains more detail than tie observation description in the final audit report <br \/>\r<br>4. A preliminary observation document contains more detail than tie observation description in the engagement workpapers<\/div><input type='hidden' name='question_id[]' id='qID_15' value='402438' \/><input type='hidden' id='answerType402438' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402438[]' id='answer-id-1562011' class='answer   answerof-402438 ' value='1562011'   \/><label for='answer-id-1562011' id='answer-label-1562011' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402438[]' id='answer-id-1562012' class='answer   answerof-402438 ' value='1562012'   \/><label for='answer-id-1562012' id='answer-label-1562012' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402438[]' id='answer-id-1562013' class='answer   answerof-402438 ' value='1562013'   \/><label for='answer-id-1562013' id='answer-label-1562013' class=' answer'><span>2 and3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402438[]' id='answer-id-1562014' class='answer   answerof-402438 ' value='1562014'   \/><label for='answer-id-1562014' id='answer-label-1562014' class=' answer'><span>3 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-402439'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following recommendations made by the internal audit activity (IAA) is most likely to help prevent fraud?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='402439' \/><input type='hidden' id='answerType402439' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402439[]' id='answer-id-1562015' class='answer   answerof-402439 ' value='1562015'   \/><label for='answer-id-1562015' id='answer-label-1562015' class=' answer'><span>A review of password policy compliance found that employees frequently use the same password more than once during a year. The IAA recommends that the access control software reject any password used more than once during a 12-month period.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402439[]' id='answer-id-1562016' class='answer   answerof-402439 ' value='1562016'   \/><label for='answer-id-1562016' id='answer-label-1562016' class=' answer'><span>A review of internal service-level agreement compliance in financial services found that requests for information frequently are fulfilled up to two weeks late. The IAA recommends that the financial services unit be eliminated for its ineffectiveness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402439[]' id='answer-id-1562017' class='answer   answerof-402439 ' value='1562017'   \/><label for='answer-id-1562017' id='answer-label-1562017' class=' answer'><span>A vacation policy compliance review found that employees frequently leave on vacation before their leave applications are signed by their manager. The IAA recommends that the manager attend to the leave applications in a more timely fashion.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402439[]' id='answer-id-1562018' class='answer   answerof-402439 ' value='1562018'   \/><label for='answer-id-1562018' id='answer-label-1562018' class=' answer'><span>A review of customer service-level agreements found that orders to several customers are frequently delivered late. The IAA recommends that the organization extend the expected delivery time advertised on its website.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-402440'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which of the following statements concerning workpapers is the most accurate?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='402440' \/><input type='hidden' id='answerType402440' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402440[]' id='answer-id-1562019' class='answer   answerof-402440 ' value='1562019'   \/><label for='answer-id-1562019' id='answer-label-1562019' class=' answer'><span>The organization and the format of workpapers is the same for all engagements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402440[]' id='answer-id-1562020' class='answer   answerof-402440 ' value='1562020'   \/><label for='answer-id-1562020' id='answer-label-1562020' class=' answer'><span>The extent of what is included in workpapers is a matter of professional judgment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402440[]' id='answer-id-1562021' class='answer   answerof-402440 ' value='1562021'   \/><label for='answer-id-1562021' id='answer-label-1562021' class=' answer'><span>Workpapers should be complete so that every conceivable question that can be raised should be answered<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402440[]' id='answer-id-1562022' class='answer   answerof-402440 ' value='1562022'   \/><label for='answer-id-1562022' id='answer-label-1562022' class=' answer'><span>Copies of operational managements records should not be included, but referenced so that they can be located<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-402441'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>In which of the following populations would the internal auditor most likely choose to use a stratified sampling approach?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='402441' \/><input type='hidden' id='answerType402441' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402441[]' id='answer-id-1562023' class='answer   answerof-402441 ' value='1562023'   \/><label for='answer-id-1562023' id='answer-label-1562023' class=' answer'><span>Inventory comprised of the same items stored in different warehouses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402441[]' id='answer-id-1562024' class='answer   answerof-402441 ' value='1562024'   \/><label for='answer-id-1562024' id='answer-label-1562024' class=' answer'><span>Batches of materials that must be confirmed as meeting quality standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402441[]' id='answer-id-1562025' class='answer   answerof-402441 ' value='1562025'   \/><label for='answer-id-1562025' id='answer-label-1562025' class=' answer'><span>Revenue that is earned by an organization through cash receipts or as receivable.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402441[]' id='answer-id-1562026' class='answer   answerof-402441 ' value='1562026'   \/><label for='answer-id-1562026' id='answer-label-1562026' class=' answer'><span>Tax reports submitted to meet the requirements of the local taxation authority<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-402442'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>An internal auditor is asked to review a recently completed renovation to a retail outlet. <br \/>\r<br>Which of the following would provide the most reliable evidence that the completed work conformed to the plan?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='402442' \/><input type='hidden' id='answerType402442' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402442[]' id='answer-id-1562027' class='answer   answerof-402442 ' value='1562027'   \/><label for='answer-id-1562027' id='answer-label-1562027' class=' answer'><span>An interview with the employee who performed the work<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402442[]' id='answer-id-1562028' class='answer   answerof-402442 ' value='1562028'   \/><label for='answer-id-1562028' id='answer-label-1562028' class=' answer'><span>An analysis of purchasing and receiving documentation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402442[]' id='answer-id-1562029' class='answer   answerof-402442 ' value='1562029'   \/><label for='answer-id-1562029' id='answer-label-1562029' class=' answer'><span>Existence of a signed completion document accepting the work<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402442[]' id='answer-id-1562030' class='answer   answerof-402442 ' value='1562030'   \/><label for='answer-id-1562030' id='answer-label-1562030' class=' answer'><span>A physical inspection of the retail outlet.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-402443'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>A chief audit executive's report to the board showed a significant trend of recent aud4s going over planned budgeted hours. <br \/>\r<br>Which of the following factors could cause this trend?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='402443' \/><input type='hidden' id='answerType402443' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402443[]' id='answer-id-1562031' class='answer   answerof-402443 ' value='1562031'   \/><label for='answer-id-1562031' id='answer-label-1562031' class=' answer'><span>Poor engagement supervision<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402443[]' id='answer-id-1562032' class='answer   answerof-402443 ' value='1562032'   \/><label for='answer-id-1562032' id='answer-label-1562032' class=' answer'><span>ineffective board reporting<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402443[]' id='answer-id-1562033' class='answer   answerof-402443 ' value='1562033'   \/><label for='answer-id-1562033' id='answer-label-1562033' class=' answer'><span>Untimely observation follows up and closure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402443[]' id='answer-id-1562034' class='answer   answerof-402443 ' value='1562034'   \/><label for='answer-id-1562034' id='answer-label-1562034' class=' answer'><span>Limited staff resources<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-402444'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='402444' \/><input type='hidden' id='answerType402444' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402444[]' id='answer-id-1562035' class='answer   answerof-402444 ' value='1562035'   \/><label for='answer-id-1562035' id='answer-label-1562035' class=' answer'><span>The organization's audit universe is extensive and diverse.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402444[]' id='answer-id-1562036' class='answer   answerof-402444 ' value='1562036'   \/><label for='answer-id-1562036' id='answer-label-1562036' class=' answer'><span>There has been an increase in unanticipated requests for advisory work.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402444[]' id='answer-id-1562037' class='answer   answerof-402444 ' value='1562037'   \/><label for='answer-id-1562037' id='answer-label-1562037' class=' answer'><span>Previous work provided by the external service provider has been of great quality and value.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402444[]' id='answer-id-1562038' class='answer   answerof-402444 ' value='1562038'   \/><label for='answer-id-1562038' id='answer-label-1562038' class=' answer'><span>A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-402445'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>An internal auditor suspects that employee turnover is unusually high at the organization's primary manufacturing plant. <br \/>\r<br>To investigate this potential issue which of the following analytical approaches is the auditor likely to use?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='402445' \/><input type='hidden' id='answerType402445' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402445[]' id='answer-id-1562039' class='answer   answerof-402445 ' value='1562039'   \/><label for='answer-id-1562039' id='answer-label-1562039' class=' answer'><span>Ratio analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402445[]' id='answer-id-1562040' class='answer   answerof-402445 ' value='1562040'   \/><label for='answer-id-1562040' id='answer-label-1562040' class=' answer'><span>Vertical analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402445[]' id='answer-id-1562041' class='answer   answerof-402445 ' value='1562041'   \/><label for='answer-id-1562041' id='answer-label-1562041' class=' answer'><span>Benchmarking<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402445[]' id='answer-id-1562042' class='answer   answerof-402445 ' value='1562042'   \/><label for='answer-id-1562042' id='answer-label-1562042' class=' answer'><span>Cost-benefit analysis.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-402446'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Which of the following should be described in the recognition element of a typical internal audit repot?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='402446' \/><input type='hidden' id='answerType402446' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402446[]' id='answer-id-1562043' class='answer   answerof-402446 ' value='1562043'   \/><label for='answer-id-1562043' id='answer-label-1562043' class=' answer'><span>Positive aspects of the process or area under review<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402446[]' id='answer-id-1562044' class='answer   answerof-402446 ' value='1562044'   \/><label for='answer-id-1562044' id='answer-label-1562044' class=' answer'><span>A brief synopsis of the process of area under review<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402446[]' id='answer-id-1562045' class='answer   answerof-402446 ' value='1562045'   \/><label for='answer-id-1562045' id='answer-label-1562045' class=' answer'><span>Outcomes and ratings of the process or area under review<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402446[]' id='answer-id-1562046' class='answer   answerof-402446 ' value='1562046'   \/><label for='answer-id-1562046' id='answer-label-1562046' class=' answer'><span>Report issuance and the communication process of the engagement.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-402447'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>According to IIA guidance which of the following statements is true regarding heat maps?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='402447' \/><input type='hidden' id='answerType402447' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402447[]' id='answer-id-1562047' class='answer   answerof-402447 ' value='1562047'   \/><label for='answer-id-1562047' id='answer-label-1562047' class=' answer'><span>A heat map sets likelihood to have higher priority than impact.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402447[]' id='answer-id-1562048' class='answer   answerof-402447 ' value='1562048'   \/><label for='answer-id-1562048' id='answer-label-1562048' class=' answer'><span>A heat map sets impact to have higher priority than likelihood.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402447[]' id='answer-id-1562049' class='answer   answerof-402447 ' value='1562049'   \/><label for='answer-id-1562049' id='answer-label-1562049' class=' answer'><span>A heat map recognizes that the priority of impact and likelihood can vary.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402447[]' id='answer-id-1562050' class='answer   answerof-402447 ' value='1562050'   \/><label for='answer-id-1562050' id='answer-label-1562050' class=' answer'><span>A heat map recognizes impact and likelihood as equally important<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-402448'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>An internal auditor is examining the organization's internal control processes. <br \/>\r<br>Which of the following would the auditor do to test the reliability of a customer database1?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='402448' \/><input type='hidden' id='answerType402448' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402448[]' id='answer-id-1562051' class='answer   answerof-402448 ' value='1562051'   \/><label for='answer-id-1562051' id='answer-label-1562051' class=' answer'><span>Perform a site visit to see whether the organization's servers are operational<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402448[]' id='answer-id-1562052' class='answer   answerof-402448 ' value='1562052'   \/><label for='answer-id-1562052' id='answer-label-1562052' class=' answer'><span>Interview end users to determine whether they understand how to use the database information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402448[]' id='answer-id-1562053' class='answer   answerof-402448 ' value='1562053'   \/><label for='answer-id-1562053' id='answer-label-1562053' class=' answer'><span>Determine whether policies are in place on how to use the database information<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402448[]' id='answer-id-1562054' class='answer   answerof-402448 ' value='1562054'   \/><label for='answer-id-1562054' id='answer-label-1562054' class=' answer'><span>Review for indications of potential issues with the database information<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-402449'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>An internal audit team leader is having difficulties completing the planning phase of an assurance engagement because the business unit lacks a system of internal controls. <br \/>\r<br>Which of the following is the most appropriate course of action for the internal audit team leader?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='402449' \/><input type='hidden' id='answerType402449' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402449[]' id='answer-id-1562055' class='answer   answerof-402449 ' value='1562055'   \/><label for='answer-id-1562055' id='answer-label-1562055' class=' answer'><span>Defer the engagement until a system of internal control has been established<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402449[]' id='answer-id-1562056' class='answer   answerof-402449 ' value='1562056'   \/><label for='answer-id-1562056' id='answer-label-1562056' class=' answer'><span>Change the scheduled engagement from assurance to consulting to help correct the shortcomings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402449[]' id='answer-id-1562057' class='answer   answerof-402449 ' value='1562057'   \/><label for='answer-id-1562057' id='answer-label-1562057' class=' answer'><span>Add a consulting component to the already scheduled assurance engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402449[]' id='answer-id-1562058' class='answer   answerof-402449 ' value='1562058'   \/><label for='answer-id-1562058' id='answer-label-1562058' class=' answer'><span>Seek the involvement of the external auditor to assist with improving the internal controls<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-402450'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>The audit manager asked the internal auditor to perform additional testing because several irregularities were found in the financial information. <br \/>\r<br>Which of the following would be the most appropriate analytical review for the auditor to perform?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='402450' \/><input type='hidden' id='answerType402450' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402450[]' id='answer-id-1562059' class='answer   answerof-402450 ' value='1562059'   \/><label for='answer-id-1562059' id='answer-label-1562059' class=' answer'><span>Compare the firm's financial performance with organizations in the same industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402450[]' id='answer-id-1562060' class='answer   answerof-402450 ' value='1562060'   \/><label for='answer-id-1562060' id='answer-label-1562060' class=' answer'><span>Interview all managers involved in preparing the financial statements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402450[]' id='answer-id-1562061' class='answer   answerof-402450 ' value='1562061'   \/><label for='answer-id-1562061' id='answer-label-1562061' class=' answer'><span>Perform a bank reconciliation to confirm the cash balance in the financial statements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402450[]' id='answer-id-1562062' class='answer   answerof-402450 ' value='1562062'   \/><label for='answer-id-1562062' id='answer-label-1562062' class=' answer'><span>Trace each financial transaction to the original supporting document<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-402451'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>An organization's finance manager plans to implement a state-of-the-art management system to better manage the organization's receivables. The finance manager consulted the chief audit executive (CAE) and asked for her assistance in determining whether the organization is able to accommodate this system. <br \/>\r<br>How would the CAE proceed to determine the objectives of this engagement?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='402451' \/><input type='hidden' id='answerType402451' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402451[]' id='answer-id-1562063' class='answer   answerof-402451 ' value='1562063'   \/><label for='answer-id-1562063' id='answer-label-1562063' class=' answer'><span>Ask the CEO to determine the scope and objectives of the engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402451[]' id='answer-id-1562064' class='answer   answerof-402451 ' value='1562064'   \/><label for='answer-id-1562064' id='answer-label-1562064' class=' answer'><span>Request that the board disclose its concerns over governance for inclusion in the engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402451[]' id='answer-id-1562065' class='answer   answerof-402451 ' value='1562065'   \/><label for='answer-id-1562065' id='answer-label-1562065' class=' answer'><span>Discuss the concerns with the finance manager and work together to agree on the engagement objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402451[]' id='answer-id-1562066' class='answer   answerof-402451 ' value='1562066'   \/><label for='answer-id-1562066' id='answer-label-1562066' class=' answer'><span>Review previous audit reports from the area and develop engagement objectives to address the area's key risks and controls<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-402452'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>The final internal audit report should be distributed to which of the following individuals?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='402452' \/><input type='hidden' id='answerType402452' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402452[]' id='answer-id-1562067' class='answer   answerof-402452 ' value='1562067'   \/><label for='answer-id-1562067' id='answer-label-1562067' class=' answer'><span>Audit client management only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402452[]' id='answer-id-1562068' class='answer   answerof-402452 ' value='1562068'   \/><label for='answer-id-1562068' id='answer-label-1562068' class=' answer'><span>Executive management only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402452[]' id='answer-id-1562069' class='answer   answerof-402452 ' value='1562069'   \/><label for='answer-id-1562069' id='answer-label-1562069' class=' answer'><span>Audit client management, executive management, and others approved by the chief audit executive.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402452[]' id='answer-id-1562070' class='answer   answerof-402452 ' value='1562070'   \/><label for='answer-id-1562070' id='answer-label-1562070' class=' answer'><span>Audit client management, executive management, and any those who request a copy.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-402453'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following statements is false regarding audit criteria?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='402453' \/><input type='hidden' id='answerType402453' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402453[]' id='answer-id-1562071' class='answer   answerof-402453 ' value='1562071'   \/><label for='answer-id-1562071' id='answer-label-1562071' class=' answer'><span>Audit criteria should be consistent across audit assignments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402453[]' id='answer-id-1562072' class='answer   answerof-402453 ' value='1562072'   \/><label for='answer-id-1562072' id='answer-label-1562072' class=' answer'><span>Audit criteria should represent reasonable standards against which to assess existing conditions.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402453[]' id='answer-id-1562073' class='answer   answerof-402453 ' value='1562073'   \/><label for='answer-id-1562073' id='answer-label-1562073' class=' answer'><span>Audit criteria should provide flexibility but allow identification of nonadherence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402453[]' id='answer-id-1562074' class='answer   answerof-402453 ' value='1562074'   \/><label for='answer-id-1562074' id='answer-label-1562074' class=' answer'><span>Audit criteria should equate to good or acceptable management practices.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-402454'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. <br \/>\r<br>What would be the best way for the auditor to gather relevant feedback?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='402454' \/><input type='hidden' id='answerType402454' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402454[]' id='answer-id-1562075' class='answer   answerof-402454 ' value='1562075'   \/><label for='answer-id-1562075' id='answer-label-1562075' class=' answer'><span>interview IT management in both regions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402454[]' id='answer-id-1562076' class='answer   answerof-402454 ' value='1562076'   \/><label for='answer-id-1562076' id='answer-label-1562076' class=' answer'><span>Inspect regional user software training records<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402454[]' id='answer-id-1562077' class='answer   answerof-402454 ' value='1562077'   \/><label for='answer-id-1562077' id='answer-label-1562077' class=' answer'><span>Interview propel management and the vendor responsible for implementation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402454[]' id='answer-id-1562078' class='answer   answerof-402454 ' value='1562078'   \/><label for='answer-id-1562078' id='answer-label-1562078' class=' answer'><span>Distribute surveys to software users in both regions<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-402455'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>During the fieldwork phase of an assurance engagement, the internal auditor decides that she wants to adjust the audit work program. <br \/>\r<br>Which of the following is the most appropriate next step for the auditor to take?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='402455' \/><input type='hidden' id='answerType402455' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402455[]' id='answer-id-1562079' class='answer   answerof-402455 ' value='1562079'   \/><label for='answer-id-1562079' id='answer-label-1562079' class=' answer'><span>Request additional information needed from management of the area under review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402455[]' id='answer-id-1562080' class='answer   answerof-402455 ' value='1562080'   \/><label for='answer-id-1562080' id='answer-label-1562080' class=' answer'><span>Obtain approval from the engagement supervisor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402455[]' id='answer-id-1562081' class='answer   answerof-402455 ' value='1562081'   \/><label for='answer-id-1562081' id='answer-label-1562081' class=' answer'><span>Obtain the required resources, including I<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402455[]' id='answer-id-1562082' class='answer   answerof-402455 ' value='1562082'   \/><label for='answer-id-1562082' id='answer-label-1562082' class=' answer'><span>to complete the work<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402455[]' id='answer-id-1562083' class='answer   answerof-402455 ' value='1562083'   \/><label for='answer-id-1562083' id='answer-label-1562083' class=' answer'><span>Discuss the change in scope with management of the area under review.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-402456'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Which of the following factors would the auditor in charge be least likely to consider when assigning tasks to audit team members for an engagement?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='402456' \/><input type='hidden' id='answerType402456' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402456[]' id='answer-id-1562084' class='answer   answerof-402456 ' value='1562084'   \/><label for='answer-id-1562084' id='answer-label-1562084' class=' answer'><span>The amount of experience the auditors have conducting audits in the specific area of the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402456[]' id='answer-id-1562085' class='answer   answerof-402456 ' value='1562085'   \/><label for='answer-id-1562085' id='answer-label-1562085' class=' answer'><span>The availability of the auditors in relation to the availability of key client staff.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402456[]' id='answer-id-1562086' class='answer   answerof-402456 ' value='1562086'   \/><label for='answer-id-1562086' id='answer-label-1562086' class=' answer'><span>Whether the budgeted hours are sufficient to complete the audit within the current scope.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402456[]' id='answer-id-1562087' class='answer   answerof-402456 ' value='1562087'   \/><label for='answer-id-1562087' id='answer-label-1562087' class=' answer'><span>Whether outside resources will be needed, and their availability.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-402457'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which of the following is the most important concept to be included in a consulting engagement agreement?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='402457' \/><input type='hidden' id='answerType402457' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402457[]' id='answer-id-1562088' class='answer   answerof-402457 ' value='1562088'   \/><label for='answer-id-1562088' id='answer-label-1562088' class=' answer'><span>Define the duties and responsibilities needed from management to perform the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402457[]' id='answer-id-1562089' class='answer   answerof-402457 ' value='1562089'   \/><label for='answer-id-1562089' id='answer-label-1562089' class=' answer'><span>Disclose the fact that auditors who perform the work may not be subject matter experts in the topic of the review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402457[]' id='answer-id-1562090' class='answer   answerof-402457 ' value='1562090'   \/><label for='answer-id-1562090' id='answer-label-1562090' class=' answer'><span>Clarify that matters discovered during the engagement may also be reported to senior management and the audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402457[]' id='answer-id-1562091' class='answer   answerof-402457 ' value='1562091'   \/><label for='answer-id-1562091' id='answer-label-1562091' class=' answer'><span>Disclose the fact that follow-up reviews may be conducted to ensure that recommendations are implemented adequately.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-402458'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>The board of directors expressed concerns about potential external risks that could impact the organization s ability to meet its annual objectives and goals The board requested consulting services from the internal audit activity to gain insight regarding the external risks. <br \/>\r<br>Which of the following engagement objectives would be appropriate to fulfill this request?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='402458' \/><input type='hidden' id='answerType402458' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402458[]' id='answer-id-1562092' class='answer   answerof-402458 ' value='1562092'   \/><label for='answer-id-1562092' id='answer-label-1562092' class=' answer'><span>Assess the organization's ability to minimize potential external risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402458[]' id='answer-id-1562093' class='answer   answerof-402458 ' value='1562093'   \/><label for='answer-id-1562093' id='answer-label-1562093' class=' answer'><span>Assess the organization's process of vetting vendors that provide necessary services to the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402458[]' id='answer-id-1562094' class='answer   answerof-402458 ' value='1562094'   \/><label for='answer-id-1562094' id='answer-label-1562094' class=' answer'><span>Assess the organization's risk impacts from the markets in which it operates<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402458[]' id='answer-id-1562095' class='answer   answerof-402458 ' value='1562095'   \/><label for='answer-id-1562095' id='answer-label-1562095' class=' answer'><span>Assess the organization's controls implemented that would help minimize risks<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-402459'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>According to IIA guidance, which of the following activities is most likely to enhance stakeholders' perception of the value the internal audit activity (IAA) adds to the organization? <br \/>\r<br>1. The IAA uses computer-assisted audit techniques and IT applications. <br \/>\r<br>2. The IAA uses a consistent risk-based approach in both its planning and engagement execution. <br \/>\r<br>3. The IAA demonstrates the ability to build strong and constructive relationships with audit clients. <br \/>\r<br>4. The IAA frequently is involved in various project teams and task forces in an advisory capacity.<\/div><input type='hidden' name='question_id[]' id='qID_36' value='402459' \/><input type='hidden' id='answerType402459' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402459[]' id='answer-id-1562096' class='answer   answerof-402459 ' value='1562096'   \/><label for='answer-id-1562096' id='answer-label-1562096' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402459[]' id='answer-id-1562097' class='answer   answerof-402459 ' value='1562097'   \/><label for='answer-id-1562097' id='answer-label-1562097' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402459[]' id='answer-id-1562098' class='answer   answerof-402459 ' value='1562098'   \/><label for='answer-id-1562098' id='answer-label-1562098' class=' answer'><span>2 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402459[]' id='answer-id-1562099' class='answer   answerof-402459 ' value='1562099'   \/><label for='answer-id-1562099' id='answer-label-1562099' class=' answer'><span>3 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-402460'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following information is most appropriate for the chief audit executive to share when coordinating audit plans with other internal and external assurance providers?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='402460' \/><input type='hidden' id='answerType402460' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402460[]' id='answer-id-1562100' class='answer   answerof-402460 ' value='1562100'   \/><label for='answer-id-1562100' id='answer-label-1562100' class=' answer'><span>Objectives scope and timing at a high level to support coordination while adhering to confidentiality requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402460[]' id='answer-id-1562101' class='answer   answerof-402460 ' value='1562101'   \/><label for='answer-id-1562101' id='answer-label-1562101' class=' answer'><span>The area and timing of the audit engagement to ensure confidentially and avoid conflict of interest.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402460[]' id='answer-id-1562102' class='answer   answerof-402460 ' value='1562102'   \/><label for='answer-id-1562102' id='answer-label-1562102' class=' answer'><span>All plan information, including risk assessments, planned tests and past results to maximize the opportunity for coordination with internal and external providers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402460[]' id='answer-id-1562103' class='answer   answerof-402460 ' value='1562103'   \/><label for='answer-id-1562103' id='answer-label-1562103' class=' answer'><span>No information should be shared with internal and external provider as it could introduce bias into the engagement results.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-402461'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='402461' \/><input type='hidden' id='answerType402461' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402461[]' id='answer-id-1562104' class='answer   answerof-402461 ' value='1562104'   \/><label for='answer-id-1562104' id='answer-label-1562104' class=' answer'><span>Identifying and managing risks in line with the entity's risk appetite.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402461[]' id='answer-id-1562105' class='answer   answerof-402461 ' value='1562105'   \/><label for='answer-id-1562105' id='answer-label-1562105' class=' answer'><span>Ensuring that a proper and effective risk management process exists.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402461[]' id='answer-id-1562106' class='answer   answerof-402461 ' value='1562106'   \/><label for='answer-id-1562106' id='answer-label-1562106' class=' answer'><span>Attaining an adequate understanding of the entity's key mitigation strategies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402461[]' id='answer-id-1562107' class='answer   answerof-402461 ' value='1562107'   \/><label for='answer-id-1562107' id='answer-label-1562107' class=' answer'><span>Identifying and ensuring that appropriate controls exist to mitigate risks.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-402462'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Which of the following has the greatest effect on the efficiency of an audit?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='402462' \/><input type='hidden' id='answerType402462' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402462[]' id='answer-id-1562108' class='answer   answerof-402462 ' value='1562108'   \/><label for='answer-id-1562108' id='answer-label-1562108' class=' answer'><span>The complexity of deficiency findings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402462[]' id='answer-id-1562109' class='answer   answerof-402462 ' value='1562109'   \/><label for='answer-id-1562109' id='answer-label-1562109' class=' answer'><span>The adequacy of preliminary survey information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402462[]' id='answer-id-1562110' class='answer   answerof-402462 ' value='1562110'   \/><label for='answer-id-1562110' id='answer-label-1562110' class=' answer'><span>The organization and content of workpapers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402462[]' id='answer-id-1562111' class='answer   answerof-402462 ' value='1562111'   \/><label for='answer-id-1562111' id='answer-label-1562111' class=' answer'><span>The method and amount of supporting detail used for the audit report.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-402463'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of The following best describes a risk that is deemed &quot;unacceptable&quot; to the organization?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='402463' \/><input type='hidden' id='answerType402463' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402463[]' id='answer-id-1562112' class='answer   answerof-402463 ' value='1562112'   \/><label for='answer-id-1562112' id='answer-label-1562112' class=' answer'><span>A risk where likelihood and impact are high<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402463[]' id='answer-id-1562113' class='answer   answerof-402463 ' value='1562113'   \/><label for='answer-id-1562113' id='answer-label-1562113' class=' answer'><span>A risk where inherent risk exceeds its residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402463[]' id='answer-id-1562114' class='answer   answerof-402463 ' value='1562114'   \/><label for='answer-id-1562114' id='answer-label-1562114' class=' answer'><span>A risk where inherent risk exceeds the tolerance level<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402463[]' id='answer-id-1562115' class='answer   answerof-402463 ' value='1562115'   \/><label for='answer-id-1562115' id='answer-label-1562115' class=' answer'><span>A risk where residual risk exceeds the tolerance level<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" 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402425:1561959,1561960,1561961,1561962 | 402426:1561963,1561964,1561965,1561966 | 402427:1561967,1561968,1561969,1561970 | 402428:1561971,1561972,1561973,1561974 | 402429:1561975,1561976,1561977,1561978 | 402430:1561979,1561980,1561981,1561982 | 402431:1561983,1561984,1561985,1561986 | 402432:1561987,1561988,1561989,1561990 | 402433:1561991,1561992,1561993,1561994 | 402434:1561995,1561996,1561997,1561998 | 402435:1561999,1562000,1562001,1562002 | 402436:1562003,1562004,1562005,1562006 | 402437:1562007,1562008,1562009,1562010 | 402438:1562011,1562012,1562013,1562014 | 402439:1562015,1562016,1562017,1562018 | 402440:1562019,1562020,1562021,1562022 | 402441:1562023,1562024,1562025,1562026 | 402442:1562027,1562028,1562029,1562030 | 402443:1562031,1562032,1562033,1562034 | 402444:1562035,1562036,1562037,1562038 | 402445:1562039,1562040,1562041,1562042 | 402446:1562043,1562044,1562045,1562046 | 402447:1562047,1562048,1562049,1562050 | 402448:1562051,1562052,1562053,1562054 | 402449:1562055,1562056,1562057,1562058 | 402450:1562059,1562060,1562061,1562062 | 402451:1562063,1562064,1562065,1562066 | 402452:1562067,1562068,1562069,1562070 | 402453:1562071,1562072,1562073,1562074 | 402454:1562075,1562076,1562077,1562078 | 402455:1562079,1562080,1562081,1562082,1562083 | 402456:1562084,1562085,1562086,1562087 | 402457:1562088,1562089,1562090,1562091 | 402458:1562092,1562093,1562094,1562095 | 402459:1562096,1562097,1562098,1562099 | 402460:1562100,1562101,1562102,1562103 | 402461:1562104,1562105,1562106,1562107 | 402462:1562108,1562109,1562110,1562111 | 402463:1562112,1562113,1562114,1562115\" \/>\n\t<input type=\"hidden\" name=\"no_ajax\" value=\"0\">\t\t\t<\/form>\n\t<p>&nbsp;<\/p>\n<\/div>\n\n<script type=\"text\/javascript\">\n\/\/jQuery(document).ready(function(){\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \t\nvar question_ids = \"402424,402425,402426,402427,402428,402429,402430,402431,402432,402433,402434,402435,402436,402437,402438,402439,402440,402441,402442,402443,402444,402445,402446,402447,402448,402449,402450,402451,402452,402453,402454,402455,402456,402457,402458,402459,402460,402461,402462,402463\";\nWatuPROSettings[10133] = {};\nWatuPRO.qArr = question_ids.split(',');\nWatuPRO.exam_id = 10133;\t    \nWatuPRO.post_id = 105144;\nWatuPRO.store_progress = 0;\nWatuPRO.curCatPage = 1;\nWatuPRO.requiredIDs=\"0\".split(\",\");\nWatuPRO.hAppID = \"0.96365000 1776266555\";\nvar url = \"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/show_exam.php\";\nWatuPRO.examMode = 1;\nWatuPRO.siteURL=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-admin\/admin-ajax.php\";\nWatuPRO.emailIsNotRequired = 0;\nWatuPROIntel.init(10133);\nWatuPRO.inCategoryPages=1;});    \t \n<\/script>\n<p>&nbsp;<\/p>\n<h3>Read more? Visit our <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-free-dumps-part-3-q81-q110-of-v17-03-are-online-to-help-you-check-more-demo-questions.html\"><em><span style=\"background-color: #00ffff;\">IIA-CIA-Part2 free dumps (Part 3, Q81-Q110) of V17.03<\/span><\/em><\/a> online.<\/h3>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are planning to take the CIA Exam Part Two: Practice of Internal Auditing (IIA-CIA-Part2) exam, you can choose the latest study materials and prepare thoroughly. DumpsBase\u2019s IIA-CIA-Part2 dumps (V17.03) are available to ensure you are well-prepared for the IIA-CIA-Part2 exam. 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