{"id":105188,"date":"2025-07-04T03:10:48","date_gmt":"2025-07-04T03:10:48","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=105188"},"modified":"2025-07-04T03:10:48","modified_gmt":"2025-07-04T03:10:48","slug":"iia-cia-part2-free-dumps-part-3-q81-q110-of-v17-03-are-online-to-help-you-check-more-demo-questions","status":"publish","type":"post","link":"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","title":{"rendered":"IIA-CIA-Part2 Free Dumps (Part 3, Q81-Q110) of V17.03 Are Online to Help You Check More Demo Questions"},"content":{"rendered":"<p>With proper study materials, you can pass your CIA Exam Part Two: Practice of Internal Auditing IIA-CIA-Part 2 exam smoothly. DumpsBase\u2019s IIA-CIA-Part2 dumps (V17.03) with real exam questions and verified answers are ready for the IIA-CIA-Part2 exam preparation, leading to success. You may have checked the quality by reading our free dumps:<\/p>\n<ul>\n<li><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>IIA-CIA-Part2 free dumps of V17.03 (Part 1, Q1-Q40)<\/em><\/a><\/li>\n<li><a href=\"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\"><em>IIA-CIA-Part2 free dumps of V17.03 (Part 2, Q41-Q80)<\/em><\/a><\/li>\n<\/ul>\n<p>Prepare with DumpsBase&#8217;s current IIA-CIA-Part2 exam dumps (V17.03) and thrive in your CIA Exam Part Two: Practice of Internal Auditing exam with poise! Today, we will continue to share more demos online, helping you know more about the IIA-CIA-Part2 dumps (V17.03).<\/p>\n<h2>Start reading the <span style=\"background-color: #00ff00;\"><em>IIA-CIA-Part2 free dumps (Part 3, Q81-Q110)<\/em><\/span> online below:<\/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=\"submittingExam10134\" 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-10134\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10134\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-402464'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following statements describes an engagement planning best practice?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='402464' \/><input type='hidden' id='answerType402464' 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-402464[]' id='answer-id-1562116' class='answer   answerof-402464 ' value='1562116'   \/><label for='answer-id-1562116' id='answer-label-1562116' class=' answer'><span>It is best to determine planning activities on a case-by-case basis because they can vary widely from engagement to engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402464[]' id='answer-id-1562117' class='answer   answerof-402464 ' value='1562117'   \/><label for='answer-id-1562117' id='answer-label-1562117' class=' answer'><span>If the engagement subject matter is not unique, it is not necessary to outline specific testing procedures during the planning phase.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402464[]' id='answer-id-1562118' class='answer   answerof-402464 ' value='1562118'   \/><label for='answer-id-1562118' id='answer-label-1562118' class=' answer'><span>The engagement plan includes the expected distribution of the audit results, which should be kept confidential until the audit report is final.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402464[]' id='answer-id-1562119' class='answer   answerof-402464 ' value='1562119'   \/><label for='answer-id-1562119' id='answer-label-1562119' class=' answer'><span>Engagement planning activities include setting engagement objectives that align with audit client's business objectives.<\/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-402465'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>According to HA guidance, the chief audit executive is directly responsible for which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='402465' \/><input type='hidden' id='answerType402465' 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-402465[]' id='answer-id-1562120' class='answer   answerof-402465 ' value='1562120'   \/><label for='answer-id-1562120' id='answer-label-1562120' class=' answer'><span>Maintaining a quality assurance program even in the absence of management support<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402465[]' id='answer-id-1562121' class='answer   answerof-402465 ' value='1562121'   \/><label for='answer-id-1562121' id='answer-label-1562121' class=' answer'><span>Periodically reviewing and approving the internal audit charier<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402465[]' id='answer-id-1562122' class='answer   answerof-402465 ' value='1562122'   \/><label for='answer-id-1562122' id='answer-label-1562122' class=' answer'><span>Providing opportunities for all staff auditors to satisfy their professional development requirements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402465[]' id='answer-id-1562123' class='answer   answerof-402465 ' value='1562123'   \/><label for='answer-id-1562123' id='answer-label-1562123' class=' answer'><span>Establishing the objectives scope and plan for each engagement<\/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-402466'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>According to IIA guidance, which of the following statements are true regarding the internal audit plan? <br \/>\r<br>1. The audit plan is based on an assessment of risks to the organization. <br \/>\r<br>2. The audit plan is designed to determine the effectiveness of the organization's risk management process. <br \/>\r<br>3. The audit plan is developed by senior management of the organization. <br \/>\r<br>4. The audit plan is aligned with the organization's goals.<\/div><input type='hidden' name='question_id[]' id='qID_3' value='402466' \/><input type='hidden' id='answerType402466' 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-402466[]' id='answer-id-1562124' class='answer   answerof-402466 ' value='1562124'   \/><label for='answer-id-1562124' id='answer-label-1562124' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402466[]' id='answer-id-1562125' class='answer   answerof-402466 ' value='1562125'   \/><label for='answer-id-1562125' id='answer-label-1562125' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402466[]' id='answer-id-1562126' class='answer   answerof-402466 ' value='1562126'   \/><label for='answer-id-1562126' id='answer-label-1562126' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402466[]' id='answer-id-1562127' class='answer   answerof-402466 ' value='1562127'   \/><label for='answer-id-1562127' id='answer-label-1562127' class=' answer'><span>1, 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-402467'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>As part of internal audit's assistance with an annual external audit, the internal auditors are required to do a preliminary analytical review of an bank account balances. This involves verifying the current year end balances as web as comparing the current year end balances with previous year end balances to highlight significant changes. <br \/>\r<br>Which of the following is the most reliable source for verification of the current year end bank balances?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='402467' \/><input type='hidden' id='answerType402467' 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-402467[]' id='answer-id-1562128' class='answer   answerof-402467 ' value='1562128'   \/><label for='answer-id-1562128' id='answer-label-1562128' class=' answer'><span>Bank confirmations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402467[]' id='answer-id-1562129' class='answer   answerof-402467 ' value='1562129'   \/><label for='answer-id-1562129' id='answer-label-1562129' class=' answer'><span>Internal bonk statements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402467[]' id='answer-id-1562130' class='answer   answerof-402467 ' value='1562130'   \/><label for='answer-id-1562130' id='answer-label-1562130' class=' answer'><span>Bank reconciliations as of the end of the year<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402467[]' id='answer-id-1562131' class='answer   answerof-402467 ' value='1562131'   \/><label for='answer-id-1562131' id='answer-label-1562131' class=' answer'><span>Bank account general ledger balancer as of the end of the year<\/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-402468'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='402468' \/><input type='hidden' id='answerType402468' 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-402468[]' id='answer-id-1562132' class='answer   answerof-402468 ' value='1562132'   \/><label for='answer-id-1562132' id='answer-label-1562132' class=' answer'><span>Proposing fine item recommendation lot the annual financial budget of the accounting department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402468[]' id='answer-id-1562133' class='answer   answerof-402468 ' value='1562133'   \/><label for='answer-id-1562133' id='answer-label-1562133' class=' answer'><span>Making recommendations regarding financial approval authority limits for the operations department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402468[]' id='answer-id-1562134' class='answer   answerof-402468 ' value='1562134'   \/><label for='answer-id-1562134' id='answer-label-1562134' class=' answer'><span>Validating whether employees are following established policies and procedures in the procurement department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402468[]' id='answer-id-1562135' class='answer   answerof-402468 ' value='1562135'   \/><label for='answer-id-1562135' id='answer-label-1562135' class=' answer'><span>Generating expense report metrics for employees in the finance department<\/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-402469'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>A draft internal audit report that cites deficient conditions generally should be reviewed with which of the following groups? <br \/>\r<br>1. The client manager and her superior. <br \/>\r<br>2. Anyone who may object to the report\u2019s validity. <br \/>\r<br>3. Anyone required to take action. <br \/>\r<br>4. The same individuals who receive the final report.<\/div><input type='hidden' name='question_id[]' id='qID_6' value='402469' \/><input type='hidden' id='answerType402469' 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-402469[]' id='answer-id-1562136' class='answer   answerof-402469 ' value='1562136'   \/><label for='answer-id-1562136' id='answer-label-1562136' class=' answer'><span>1 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402469[]' id='answer-id-1562137' class='answer   answerof-402469 ' value='1562137'   \/><label for='answer-id-1562137' id='answer-label-1562137' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402469[]' id='answer-id-1562138' class='answer   answerof-402469 ' value='1562138'   \/><label for='answer-id-1562138' id='answer-label-1562138' class=' answer'><span>1, 2, and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402469[]' id='answer-id-1562139' class='answer   answerof-402469 ' value='1562139'   \/><label for='answer-id-1562139' id='answer-label-1562139' class=' answer'><span>1, 2, and 4<\/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-402470'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>An internal auditor uses a data query tool in the purchasing process to review the vendor master file for authorizations. <br \/>\r<br>Which of the following describes the control objective likely being tested?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='402470' \/><input type='hidden' id='answerType402470' 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-402470[]' id='answer-id-1562140' class='answer   answerof-402470 ' value='1562140'   \/><label for='answer-id-1562140' id='answer-label-1562140' class=' answer'><span>Effectiveness<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402470[]' id='answer-id-1562141' class='answer   answerof-402470 ' value='1562141'   \/><label for='answer-id-1562141' id='answer-label-1562141' class=' answer'><span>Response<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402470[]' id='answer-id-1562142' class='answer   answerof-402470 ' value='1562142'   \/><label for='answer-id-1562142' id='answer-label-1562142' class=' answer'><span>Efficiency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402470[]' id='answer-id-1562143' class='answer   answerof-402470 ' value='1562143'   \/><label for='answer-id-1562143' id='answer-label-1562143' class=' answer'><span>Mitigation.<\/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-402471'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. <br \/>\r<br>Which of the following courses of action would have prevented this situation?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='402471' \/><input type='hidden' id='answerType402471' 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-402471[]' id='answer-id-1562144' class='answer   answerof-402471 ' value='1562144'   \/><label for='answer-id-1562144' id='answer-label-1562144' class=' answer'><span>The auditor should have ensured the preservation of audit evidence by taking screenshots or extracting tender documents<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402471[]' id='answer-id-1562145' class='answer   answerof-402471 ' value='1562145'   \/><label for='answer-id-1562145' id='answer-label-1562145' class=' answer'><span>The auditor should have extracted a list of logs and identified any actions that were executed in the database during the audit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402471[]' id='answer-id-1562146' class='answer   answerof-402471 ' value='1562146'   \/><label for='answer-id-1562146' id='answer-label-1562146' class=' answer'><span>The auditor should have instructed procurement workers that changes to the database during the course of the audit were strictly forbidden<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402471[]' id='answer-id-1562147' class='answer   answerof-402471 ' value='1562147'   \/><label for='answer-id-1562147' id='answer-label-1562147' class=' answer'><span>The internal auditor should have created a more thorough work program, which would address audit criteria and potential causes in more detail<\/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-402472'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>When constructing a staffing schedule for the internal audit activity (IAA), which of the following criteria are most important for the chief audit executive to consider for the effective use of audit resources? <br \/>\r<br>1. The competency and qualifications of the audit staff for specific assignments. <br \/>\r<br>2. The effectiveness of IAA staff performance measures. <br \/>\r<br>3. The number of training hours received by staff auditors compared to the budget. <br \/>\r<br>4. The geographical dispersion of audit staff across the organization.<\/div><input type='hidden' name='question_id[]' id='qID_9' value='402472' \/><input type='hidden' id='answerType402472' 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-402472[]' id='answer-id-1562148' class='answer   answerof-402472 ' value='1562148'   \/><label for='answer-id-1562148' id='answer-label-1562148' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402472[]' id='answer-id-1562149' class='answer   answerof-402472 ' value='1562149'   \/><label for='answer-id-1562149' id='answer-label-1562149' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402472[]' id='answer-id-1562150' class='answer   answerof-402472 ' value='1562150'   \/><label for='answer-id-1562150' id='answer-label-1562150' class=' answer'><span>2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402472[]' id='answer-id-1562151' class='answer   answerof-402472 ' value='1562151'   \/><label for='answer-id-1562151' id='answer-label-1562151' class=' answer'><span>2 and 4<\/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-402473'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party service provider on an as needed basis. <br \/>\r<br>Which of the following is most likely to be a disadvantage of this outsourcing decision?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='402473' \/><input type='hidden' id='answerType402473' 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-402473[]' id='answer-id-1562152' class='answer   answerof-402473 ' value='1562152'   \/><label for='answer-id-1562152' id='answer-label-1562152' class=' answer'><span>Cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402473[]' id='answer-id-1562153' class='answer   answerof-402473 ' value='1562153'   \/><label for='answer-id-1562153' id='answer-label-1562153' class=' answer'><span>Independence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402473[]' id='answer-id-1562154' class='answer   answerof-402473 ' value='1562154'   \/><label for='answer-id-1562154' id='answer-label-1562154' class=' answer'><span>Familiarity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402473[]' id='answer-id-1562155' class='answer   answerof-402473 ' value='1562155'   \/><label for='answer-id-1562155' id='answer-label-1562155' class=' answer'><span>Flexibility.<\/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-402474'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>A newly promoted chief audit executive (CAE) is faced with a backlog of assurance engagement reports to review for approval. In an attempt to attach a priority for this review, the CAE scans the opinion statement on each report. <br \/>\r<br>According to IIA guidance, which of the following opinions would receive the lowest review priority? <br \/>\r<br>1. Graded positive opinion. <br \/>\r<br>2. Negative assurance opinion. <br \/>\r<br>3. Limited assurance opinion. <br \/>\r<br>4. Third-party opinion.<\/div><input type='hidden' name='question_id[]' id='qID_11' value='402474' \/><input type='hidden' id='answerType402474' 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-402474[]' id='answer-id-1562156' class='answer   answerof-402474 ' value='1562156'   \/><label for='answer-id-1562156' id='answer-label-1562156' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402474[]' id='answer-id-1562157' class='answer   answerof-402474 ' value='1562157'   \/><label for='answer-id-1562157' id='answer-label-1562157' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402474[]' id='answer-id-1562158' class='answer   answerof-402474 ' value='1562158'   \/><label for='answer-id-1562158' id='answer-label-1562158' class=' answer'><span>2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402474[]' id='answer-id-1562159' class='answer   answerof-402474 ' value='1562159'   \/><label for='answer-id-1562159' id='answer-label-1562159' class=' answer'><span>2 and 4<\/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-402475'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which of the following should be included in a privacy audit engagement? <br \/>\r<br>1. Assess the appropriateness of the information gathered. <br \/>\r<br>2. Review the methods used to collect information. <br \/>\r<br>3. Consider whether the information collected is in compliance with applicable laws. <br \/>\r<br>4. Determine how the information is stored.<\/div><input type='hidden' name='question_id[]' id='qID_12' value='402475' \/><input type='hidden' id='answerType402475' 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-402475[]' id='answer-id-1562160' class='answer   answerof-402475 ' value='1562160'   \/><label for='answer-id-1562160' id='answer-label-1562160' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402475[]' id='answer-id-1562161' class='answer   answerof-402475 ' value='1562161'   \/><label for='answer-id-1562161' id='answer-label-1562161' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402475[]' id='answer-id-1562162' class='answer   answerof-402475 ' value='1562162'   \/><label for='answer-id-1562162' id='answer-label-1562162' class=' answer'><span>1, 3, and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402475[]' id='answer-id-1562163' class='answer   answerof-402475 ' value='1562163'   \/><label for='answer-id-1562163' id='answer-label-1562163' class=' answer'><span>1, 2, 3, and 4<\/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-402476'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Internal control questionnaires are used to achieve which of the following objectives?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='402476' \/><input type='hidden' id='answerType402476' 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-402476[]' id='answer-id-1562164' class='answer   answerof-402476 ' value='1562164'   \/><label for='answer-id-1562164' id='answer-label-1562164' class=' answer'><span>To ascertain the operating effectiveness of a procedure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402476[]' id='answer-id-1562165' class='answer   answerof-402476 ' value='1562165'   \/><label for='answer-id-1562165' id='answer-label-1562165' class=' answer'><span>To verify the accuracy of Information in a report<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402476[]' id='answer-id-1562166' class='answer   answerof-402476 ' value='1562166'   \/><label for='answer-id-1562166' id='answer-label-1562166' class=' answer'><span>To assess the controls mitigating major risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402476[]' id='answer-id-1562167' class='answer   answerof-402476 ' value='1562167'   \/><label for='answer-id-1562167' id='answer-label-1562167' class=' answer'><span>To determine whether specified contra procedures are in place<\/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-402477'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>According to IIA guidance, which of the following actions might place the independence of the internal audit function in jeopardy?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='402477' \/><input type='hidden' id='answerType402477' 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-402477[]' id='answer-id-1562168' class='answer   answerof-402477 ' value='1562168'   \/><label for='answer-id-1562168' id='answer-label-1562168' class=' answer'><span>Having no active role or involvement in the risk management process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402477[]' id='answer-id-1562169' class='answer   answerof-402477 ' value='1562169'   \/><label for='answer-id-1562169' id='answer-label-1562169' class=' answer'><span>Auditing the risk management process for reasonableness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402477[]' id='answer-id-1562170' class='answer   answerof-402477 ' value='1562170'   \/><label for='answer-id-1562170' id='answer-label-1562170' class=' answer'><span>Coordinating and managing the risk management process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402477[]' id='answer-id-1562171' class='answer   answerof-402477 ' value='1562171'   \/><label for='answer-id-1562171' id='answer-label-1562171' class=' answer'><span>Participating with management in identifying and evaluating risks.<\/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-402478'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>An internal auditor is assigned to validate calculations on the organization's building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing. <br \/>\r<br>Which of the following would most appropriately be used for this purpose?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='402478' \/><input type='hidden' id='answerType402478' 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-402478[]' id='answer-id-1562172' class='answer   answerof-402478 ' value='1562172'   \/><label for='answer-id-1562172' id='answer-label-1562172' class=' answer'><span>Generalized audit software.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402478[]' id='answer-id-1562173' class='answer   answerof-402478 ' value='1562173'   \/><label for='answer-id-1562173' id='answer-label-1562173' class=' answer'><span>Utility software<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402478[]' id='answer-id-1562174' class='answer   answerof-402478 ' value='1562174'   \/><label for='answer-id-1562174' id='answer-label-1562174' class=' answer'><span>integrated test facilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402478[]' id='answer-id-1562175' class='answer   answerof-402478 ' value='1562175'   \/><label for='answer-id-1562175' id='answer-label-1562175' class=' answer'><span>Audit expert systems<\/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-402479'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>An internal auditor recommended that an organization implement computerized controls in its sales system in order to prevent sales representatives from executing contracts in excess of their delegated authority levels A follow-up review found that the sales system had not been modified, but a process had been implemented to obtain written approval by the vice president of sales for all contracts in excess of S1 million. <br \/>\r<br>The chief audit executive (CAE) would be justified in reporting this situation to the organization's board under which of the following circumstances'? <br \/>\r<br>1. In the opinion of the CAE the level of residual risk assumed by senior management is too high <br \/>\r<br>2. Testing of compliance with the new process finds that all new contracts in excess of $1 million have been approved by the vice president of sales <br \/>\r<br>3. The cost of modifying the sales system to include a preventive control is less than <br \/>\r<br>S100.000<\/div><input type='hidden' name='question_id[]' id='qID_16' value='402479' \/><input type='hidden' id='answerType402479' 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-402479[]' id='answer-id-1562176' class='answer   answerof-402479 ' value='1562176'   \/><label for='answer-id-1562176' id='answer-label-1562176' class=' answer'><span>1 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402479[]' id='answer-id-1562177' class='answer   answerof-402479 ' value='1562177'   \/><label for='answer-id-1562177' id='answer-label-1562177' class=' answer'><span>3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402479[]' id='answer-id-1562178' class='answer   answerof-402479 ' value='1562178'   \/><label for='answer-id-1562178' id='answer-label-1562178' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402479[]' id='answer-id-1562179' class='answer   answerof-402479 ' value='1562179'   \/><label for='answer-id-1562179' id='answer-label-1562179' class=' answer'><span>1, 2, and3<\/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-402480'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>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?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='402480' \/><input type='hidden' id='answerType402480' 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-402480[]' id='answer-id-1562180' class='answer   answerof-402480 ' value='1562180'   \/><label for='answer-id-1562180' id='answer-label-1562180' class=' answer'><span>Verifying the existence of inventory items in each warehouse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402480[]' id='answer-id-1562181' class='answer   answerof-402480 ' value='1562181'   \/><label for='answer-id-1562181' id='answer-label-1562181' class=' answer'><span>Assigning the tolerable deviation rate to determine the sample size<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402480[]' id='answer-id-1562182' class='answer   answerof-402480 ' value='1562182'   \/><label for='answer-id-1562182' id='answer-label-1562182' class=' answer'><span>Valuating the obsolete Inventory from all the warehouse locations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402480[]' id='answer-id-1562183' class='answer   answerof-402480 ' value='1562183'   \/><label for='answer-id-1562183' id='answer-label-1562183' class=' answer'><span>Confirming that the purchased items are recorded In the correct period<\/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-402481'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which of the following situations would justify the removal of a finding from the final audit report?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='402481' \/><input type='hidden' id='answerType402481' 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-402481[]' id='answer-id-1562184' class='answer   answerof-402481 ' value='1562184'   \/><label for='answer-id-1562184' id='answer-label-1562184' class=' answer'><span>Management disagrees with the report findings and conclusions in their responses.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402481[]' id='answer-id-1562185' class='answer   answerof-402481 ' value='1562185'   \/><label for='answer-id-1562185' id='answer-label-1562185' class=' answer'><span>Management has already satisfactorily completed the recommended corrective action.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402481[]' id='answer-id-1562186' class='answer   answerof-402481 ' value='1562186'   \/><label for='answer-id-1562186' id='answer-label-1562186' class=' answer'><span>Management has provided additional information that contradicts the findings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402481[]' id='answer-id-1562187' class='answer   answerof-402481 ' value='1562187'   \/><label for='answer-id-1562187' id='answer-label-1562187' class=' answer'><span>Management believes that the finding is insignificant and unfairly included in the report.<\/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-402482'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>An internal auditor is conducting a financial audit. <br \/>\r<br>Which of the following audit procedures is most appropriate when existing internal controls are weak?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='402482' \/><input type='hidden' id='answerType402482' 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-402482[]' id='answer-id-1562188' class='answer   answerof-402482 ' value='1562188'   \/><label for='answer-id-1562188' id='answer-label-1562188' class=' answer'><span>Analytical procedures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402482[]' id='answer-id-1562189' class='answer   answerof-402482 ' value='1562189'   \/><label for='answer-id-1562189' id='answer-label-1562189' class=' answer'><span>Detail testing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402482[]' id='answer-id-1562190' class='answer   answerof-402482 ' value='1562190'   \/><label for='answer-id-1562190' id='answer-label-1562190' class=' answer'><span>Test of design.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402482[]' id='answer-id-1562191' class='answer   answerof-402482 ' value='1562191'   \/><label for='answer-id-1562191' id='answer-label-1562191' class=' answer'><span>Test of control.<\/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-402483'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>During a review of the treasury function an internal auditor identified a risk that all bank accounts may net to include in the daily reconciliation process. <br \/>\r<br>Which of the following responses would be most effective to mitigate this risk?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='402483' \/><input type='hidden' id='answerType402483' 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-402483[]' id='answer-id-1562192' class='answer   answerof-402483 ' value='1562192'   \/><label for='answer-id-1562192' id='answer-label-1562192' class=' answer'><span>The treasury supervisor establishes a threshold for amounts on bank statements to be reconciled against data in the system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402483[]' id='answer-id-1562193' class='answer   answerof-402483 ' value='1562193'   \/><label for='answer-id-1562193' id='answer-label-1562193' class=' answer'><span>The treasury analyst performs a daily reconciliation of al bank statements obtained via email against data in the system<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402483[]' id='answer-id-1562194' class='answer   answerof-402483 ' value='1562194'   \/><label for='answer-id-1562194' id='answer-label-1562194' class=' answer'><span>The treasury analyst reviews a daily report automatically generated by the treasury system, which shows bank statements that have not been uploaded into the accounting system.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402483[]' id='answer-id-1562195' class='answer   answerof-402483 ' value='1562195'   \/><label for='answer-id-1562195' id='answer-label-1562195' class=' answer'><span>The treasury supervisor seeks an annual confirmation from the bank regarding the bank statements processed within a year<\/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-402484'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>During an assurance engagement, an internal auditor noted that the time staff spent accessing customer information in large Excel spreadsheets could be reduced significantly through the use of macros. The auditor would like to train staff on how to use the macros. <br \/>\r<br>Which of the following is the most appropriate course of action for the internal auditor to take?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='402484' \/><input type='hidden' id='answerType402484' 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-402484[]' id='answer-id-1562196' class='answer   answerof-402484 ' value='1562196'   \/><label for='answer-id-1562196' id='answer-label-1562196' class=' answer'><span>The auditor must not perform the training, because any task to improve the business process could impact audit independence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402484[]' id='answer-id-1562197' class='answer   answerof-402484 ' value='1562197'   \/><label for='answer-id-1562197' id='answer-label-1562197' class=' answer'><span>The auditor must create a new, separate consulting engagement with the business process owner prior to performing the improvement task.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402484[]' id='answer-id-1562198' class='answer   answerof-402484 ' value='1562198'   \/><label for='answer-id-1562198' id='answer-label-1562198' class=' answer'><span>The auditor should get permission to extend the current engagement, and with the process owner's approval, perform the improvement task.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402484[]' id='answer-id-1562199' class='answer   answerof-402484 ' value='1562199'   \/><label for='answer-id-1562199' id='answer-label-1562199' class=' answer'><span>The auditor may proceed with the improvement task without obtaining formal approval, because the task is voluntary and not time-intensive.<\/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-402485'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which of the following is the most important determinant of the objectives and scope of assurance engagements?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='402485' \/><input type='hidden' id='answerType402485' 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-402485[]' id='answer-id-1562200' class='answer   answerof-402485 ' value='1562200'   \/><label for='answer-id-1562200' id='answer-label-1562200' class=' answer'><span>The organizational chart, business objectives and policies and procedures of the area to be reviewed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402485[]' id='answer-id-1562201' class='answer   answerof-402485 ' value='1562201'   \/><label for='answer-id-1562201' id='answer-label-1562201' class=' answer'><span>The most recent risk assessment conducted by management of the area to be reviewed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402485[]' id='answer-id-1562202' class='answer   answerof-402485 ' value='1562202'   \/><label for='answer-id-1562202' id='answer-label-1562202' class=' answer'><span>The requests of operational and senior management throughout the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402485[]' id='answer-id-1562203' class='answer   answerof-402485 ' value='1562203'   \/><label for='answer-id-1562203' id='answer-label-1562203' class=' answer'><span>The preliminary risk assessment performed by internal auditors planning the engagement<\/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-402486'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Acceding to MA guidance, when of the Mowing strategies would like provide the most assurance to the chief audit executive (CAE) that the internal audit activity's recommendations are being acted upon?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='402486' \/><input type='hidden' id='answerType402486' 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-402486[]' id='answer-id-1562204' class='answer   answerof-402486 ' value='1562204'   \/><label for='answer-id-1562204' id='answer-label-1562204' class=' answer'><span>The CAF obtains a formal response from senior management regarding the corrective actions they plan to take w address the recommendations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402486[]' id='answer-id-1562205' class='answer   answerof-402486 ' value='1562205'   \/><label for='answer-id-1562205' id='answer-label-1562205' class=' answer'><span>The CAE develops a tracking system to monitor the stains of engagement recommendations reported to management for action<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402486[]' id='answer-id-1562206' class='answer   answerof-402486 ' value='1562206'   \/><label for='answer-id-1562206' id='answer-label-1562206' class=' answer'><span>The CAE communicates with impacted department managers to determine whether corrective actions have addressed engagement recommendations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402486[]' id='answer-id-1562207' class='answer   answerof-402486 ' value='1562207'   \/><label for='answer-id-1562207' id='answer-label-1562207' class=' answer'><span>The CAE works with the engagement supervisor to monitor the recommendations issued to management for corrective action<\/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-402487'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Which of the following is one of the five attributes that internal auditors include when documenting a deficiency?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='402487' \/><input type='hidden' id='answerType402487' 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-402487[]' id='answer-id-1562208' class='answer   answerof-402487 ' value='1562208'   \/><label for='answer-id-1562208' id='answer-label-1562208' class=' answer'><span>The criteria used to make the evaluation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402487[]' id='answer-id-1562209' class='answer   answerof-402487 ' value='1562209'   \/><label for='answer-id-1562209' id='answer-label-1562209' class=' answer'><span>The methodology used to analyze data<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402487[]' id='answer-id-1562210' class='answer   answerof-402487 ' value='1562210'   \/><label for='answer-id-1562210' id='answer-label-1562210' class=' answer'><span>The proposed follow-up engagement work to be performed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402487[]' id='answer-id-1562211' class='answer   answerof-402487 ' value='1562211'   \/><label for='answer-id-1562211' id='answer-label-1562211' class=' answer'><span>The scope of work performed during the engagement<\/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-402488'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following attribute sampling methods would be most appropriate to use to measure the total misstatement posted to an accounts payable ledger?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='402488' \/><input type='hidden' id='answerType402488' 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-402488[]' id='answer-id-1562212' class='answer   answerof-402488 ' value='1562212'   \/><label for='answer-id-1562212' id='answer-label-1562212' class=' answer'><span>Stop-or-go sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402488[]' id='answer-id-1562213' class='answer   answerof-402488 ' value='1562213'   \/><label for='answer-id-1562213' id='answer-label-1562213' class=' answer'><span>Probability to proportional size sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402488[]' id='answer-id-1562214' class='answer   answerof-402488 ' value='1562214'   \/><label for='answer-id-1562214' id='answer-label-1562214' class=' answer'><span>Classical variable sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402488[]' id='answer-id-1562215' class='answer   answerof-402488 ' value='1562215'   \/><label for='answer-id-1562215' id='answer-label-1562215' class=' answer'><span>Discovery sampling<\/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-402489'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>A chief audit executive (CAE) is determining which engagements to include on the annual audit plan. She would like to consider the organization's attitude toward risk and the degree of difficulty in achieving objectives. <br \/>\r<br>Which of the following resources should the CAE consult?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='402489' \/><input type='hidden' id='answerType402489' 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-402489[]' id='answer-id-1562216' class='answer   answerof-402489 ' value='1562216'   \/><label for='answer-id-1562216' id='answer-label-1562216' class=' answer'><span>The corporate risk register.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402489[]' id='answer-id-1562217' class='answer   answerof-402489 ' value='1562217'   \/><label for='answer-id-1562217' id='answer-label-1562217' class=' answer'><span>The strategic plan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402489[]' id='answer-id-1562218' class='answer   answerof-402489 ' value='1562218'   \/><label for='answer-id-1562218' id='answer-label-1562218' class=' answer'><span>Internal and external audit reports.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402489[]' id='answer-id-1562219' class='answer   answerof-402489 ' value='1562219'   \/><label for='answer-id-1562219' id='answer-label-1562219' class=' answer'><span>The board's meeting records.<\/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-402490'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>After finalizing an assurance engagement concerning safety operations in the oil mining process, the audit team concluded that no key controls were compromised. However, some opportunities for improvement were noted. <br \/>\r<br>Which of the following would be the most appropriate way for the chief audit executive (CAE) to report these results?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='402490' \/><input type='hidden' id='answerType402490' 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-402490[]' id='answer-id-1562220' class='answer   answerof-402490 ' value='1562220'   \/><label for='answer-id-1562220' id='answer-label-1562220' class=' answer'><span>The CAE should send the final report to operational and senior management and the audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402490[]' id='answer-id-1562221' class='answer   answerof-402490 ' value='1562221'   \/><label for='answer-id-1562221' id='answer-label-1562221' class=' answer'><span>The CAE should send the final report to operational management only, as there is no need to communicate this information to higher levels.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402490[]' id='answer-id-1562222' class='answer   answerof-402490 ' value='1562222'   \/><label for='answer-id-1562222' id='answer-label-1562222' class=' answer'><span>The CAE should notify operational and senior management that the audit engagement was completed with no significant findings to report.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402490[]' id='answer-id-1562223' class='answer   answerof-402490 ' value='1562223'   \/><label for='answer-id-1562223' id='answer-label-1562223' class=' answer'><span>The CAE should send the final report to operational management and notify senior management and the audit committee that no significant findings were identified.<\/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-402491'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>The chief audit executive (CAE) determined that the internal audit activity lacks the resources needed to complete the internal audit plan. <br \/>\r<br>Which of the following would be the most appropriate action tor the CAE to take?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='402491' \/><input type='hidden' id='answerType402491' 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-402491[]' id='answer-id-1562224' class='answer   answerof-402491 ' value='1562224'   \/><label for='answer-id-1562224' id='answer-label-1562224' class=' answer'><span>Use guest auditors from within the organization, and leverage their experience by assigning them to lead engagements m areas where they previously worked<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402491[]' id='answer-id-1562225' class='answer   answerof-402491 ' value='1562225'   \/><label for='answer-id-1562225' id='answer-label-1562225' class=' answer'><span>Outsource some of the audits to the organization s external auditor who is already familiar with the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402491[]' id='answer-id-1562226' class='answer   answerof-402491 ' value='1562226'   \/><label for='answer-id-1562226' id='answer-label-1562226' class=' answer'><span>Invite non auditors to join the internal audit activity for a two-year rotational position, and assign them to join audit teams that are reviewing areas where they have no previous management responsibility<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402491[]' id='answer-id-1562227' class='answer   answerof-402491 ' value='1562227'   \/><label for='answer-id-1562227' id='answer-label-1562227' class=' answer'><span>Recruit recent college graduates and employ them as audit interns with an aim to offer permanent employment<\/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-402492'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>While conducting a review of the logistics department the internal audit team identified a crucial control weakness. The chief audit executive (CAE) decided to prepare an audit memorandum for management of the logistics department followed by an informal meeting. <br \/>\r<br>What is the most likely reason the CAE decided to prepare the audit memorandum?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='402492' \/><input type='hidden' id='answerType402492' 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-402492[]' id='answer-id-1562228' class='answer   answerof-402492 ' value='1562228'   \/><label for='answer-id-1562228' id='answer-label-1562228' class=' answer'><span>To report up-to-date audit progress to management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402492[]' id='answer-id-1562229' class='answer   answerof-402492 ' value='1562229'   \/><label for='answer-id-1562229' id='answer-label-1562229' class=' answer'><span>To ensure that the internal audit team and the CAE are aligned with regard to the identified weakness<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402492[]' id='answer-id-1562230' class='answer   answerof-402492 ' value='1562230'   \/><label for='answer-id-1562230' id='answer-label-1562230' class=' answer'><span>To allow management to address the identified weakness timely<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402492[]' id='answer-id-1562231' class='answer   answerof-402492 ' value='1562231'   \/><label for='answer-id-1562231' id='answer-label-1562231' class=' answer'><span>To obtain management's agreement with regard to the identified weakness<\/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-402493'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>According to IIA guidance, which of the following are the most important objectives for helping to ensure the appropriate completion of an engagement? <br \/>\r<br>1. Coordinate audit team members to ensure the efficient execution of all engagement procedures. <br \/>\r<br>2. Confirm engagement workpapers properly support the observations, recommendations, and conclusions. <br \/>\r<br>3. Provide structured learning opportunities for engagement auditors when possible. <br \/>\r<br>4. Ensure engagement objectives are reviewed for satisfactory achievement and are documented properly.<\/div><input type='hidden' name='question_id[]' id='qID_30' value='402493' \/><input type='hidden' id='answerType402493' 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-402493[]' id='answer-id-1562232' class='answer   answerof-402493 ' value='1562232'   \/><label for='answer-id-1562232' id='answer-label-1562232' class=' answer'><span>1, 2, and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402493[]' id='answer-id-1562233' class='answer   answerof-402493 ' value='1562233'   \/><label for='answer-id-1562233' id='answer-label-1562233' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402493[]' id='answer-id-1562234' class='answer   answerof-402493 ' value='1562234'   \/><label for='answer-id-1562234' id='answer-label-1562234' class=' answer'><span>1, 3, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402493[]' id='answer-id-1562235' class='answer   answerof-402493 ' value='1562235'   \/><label for='answer-id-1562235' id='answer-label-1562235' class=' answer'><span>2, 3, and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-31'>\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...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10134\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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