{"id":109269,"date":"2025-09-01T06:44:46","date_gmt":"2025-09-01T06:44:46","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=109269"},"modified":"2025-09-01T06:44:46","modified_gmt":"2025-09-01T06:44:46","slug":"iia-cia-part2-free-dumps-part-3-q81-q120-are-also-available-to-help-you-check-the-quality-of-the-iia-cia-part2-v18-03","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-free-dumps-part-3-q81-q120-are-also-available-to-help-you-check-the-quality-of-the-iia-cia-part2-v18-03.html","title":{"rendered":"IIA-CIA-Part2 Free Dumps (Part 3, Q81-Q120) Are Also Available to Help You Check the Quality of the IIA-CIA-Part2 (V18.03)"},"content":{"rendered":"<p>The IIA-CIA-Part2 dumps (V18.02) are the most updated to reflect the latest changes in the Internal Audit Engagement exam objectives, ensuring your IIA-CIA-Part2 exam preparation stays relevant. Additionally, these IIA-CIA-Part2 dumps ensure precision, then you can focus on mastering the essential topics. Before, we shared IIA-CIA-Part2 free dumps of V18.03 online:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-exam-dumps-v18-03-for-internal-audit-engagement-exam-preparation-start-reading-iia-cia-part2-free-dumps-part-1-q1-q40-first.html\"><em>IIA-CIA-Part2 free dumps (Part 1, Q1-Q40) of V18.03<\/em><\/a><\/li>\n<li><a href=\"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-dumps-v18-03-are-available-to-prepare-for-your-internal-audit-engagement-exam-practice-with-iia-cia-part2-free-dumps-part-2-q41-q80-first.html\"><em>IIA-CIA-Part2 free dumps (Part 2, Q41-Q80) of V18.03)<\/em><\/a><\/li>\n<\/ul>\n<p>After reviewing these sample questions, you&#8217;ll see that DumpsBase IIA-CIA-Part2 dumps (V18.03) provide a well-organized collection of exam questions and answers that build your confidence before test day. This familiarity reduces anxiety and improves time management during the exam. When you know what to expect, you can focus entirely on answering questions rather than figuring out the format. Continue to check our free dumps today. We continue to share the IIA-CIA-Part2 free dumps (Part 3, Q81-Q120) online.<\/p>\n<p><!-- notionvc: b61c71af-cae9-4686-aab5-e0c3c8e07b79 --><\/p>\n<h2>Below are the Broadcom <span style=\"background-color: #00ff00;\"><em>IIA-CIA-Part2 free dumps (Part 3, Q81-Q120) of V18.03<\/em><\/span> 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=\"submittingExam10530\" 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-10530\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10530\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-416656'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/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_1' value='416656' \/><input type='hidden' id='answerType416656' 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-416656[]' id='answer-id-1614193' class='answer   answerof-416656 ' value='1614193'   \/><label for='answer-id-1614193' id='answer-label-1614193' 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-416656[]' id='answer-id-1614194' class='answer   answerof-416656 ' value='1614194'   \/><label for='answer-id-1614194' id='answer-label-1614194' 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-416656[]' id='answer-id-1614195' class='answer   answerof-416656 ' value='1614195'   \/><label for='answer-id-1614195' id='answer-label-1614195' 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-416656[]' id='answer-id-1614196' class='answer   answerof-416656 ' value='1614196'   \/><label for='answer-id-1614196' id='answer-label-1614196' 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-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-416657'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organizational process?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='416657' \/><input type='hidden' id='answerType416657' 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-416657[]' id='answer-id-1614197' class='answer   answerof-416657 ' value='1614197'   \/><label for='answer-id-1614197' id='answer-label-1614197' class=' answer'><span>Process objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416657[]' id='answer-id-1614198' class='answer   answerof-416657 ' value='1614198'   \/><label for='answer-id-1614198' id='answer-label-1614198' class=' answer'><span>Process risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416657[]' id='answer-id-1614199' class='answer   answerof-416657 ' value='1614199'   \/><label for='answer-id-1614199' id='answer-label-1614199' class=' answer'><span>Process controls<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416657[]' id='answer-id-1614200' class='answer   answerof-416657 ' value='1614200'   \/><label for='answer-id-1614200' id='answer-label-1614200' class=' answer'><span>Process scope<\/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-416658'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Internal control questionnaires are used to achieve which of the following objectives?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='416658' \/><input type='hidden' id='answerType416658' 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-416658[]' id='answer-id-1614201' class='answer   answerof-416658 ' value='1614201'   \/><label for='answer-id-1614201' id='answer-label-1614201' 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-416658[]' id='answer-id-1614202' class='answer   answerof-416658 ' value='1614202'   \/><label for='answer-id-1614202' id='answer-label-1614202' 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-416658[]' id='answer-id-1614203' class='answer   answerof-416658 ' value='1614203'   \/><label for='answer-id-1614203' id='answer-label-1614203' 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-416658[]' id='answer-id-1614204' class='answer   answerof-416658 ' value='1614204'   \/><label for='answer-id-1614204' id='answer-label-1614204' 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-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-416659'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/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_4' value='416659' \/><input type='hidden' id='answerType416659' 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-416659[]' id='answer-id-1614205' class='answer   answerof-416659 ' value='1614205'   \/><label for='answer-id-1614205' id='answer-label-1614205' 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-416659[]' id='answer-id-1614206' class='answer   answerof-416659 ' value='1614206'   \/><label for='answer-id-1614206' id='answer-label-1614206' 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-416659[]' id='answer-id-1614207' class='answer   answerof-416659 ' value='1614207'   \/><label for='answer-id-1614207' id='answer-label-1614207' 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-416659[]' id='answer-id-1614208' class='answer   answerof-416659 ' value='1614208'   \/><label for='answer-id-1614208' id='answer-label-1614208' 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-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-416660'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/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_5' value='416660' \/><input type='hidden' id='answerType416660' 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-416660[]' id='answer-id-1614209' class='answer   answerof-416660 ' value='1614209'   \/><label for='answer-id-1614209' id='answer-label-1614209' 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-416660[]' id='answer-id-1614210' class='answer   answerof-416660 ' value='1614210'   \/><label for='answer-id-1614210' id='answer-label-1614210' 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-416660[]' id='answer-id-1614211' class='answer   answerof-416660 ' value='1614211'   \/><label for='answer-id-1614211' id='answer-label-1614211' 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-416660[]' id='answer-id-1614212' class='answer   answerof-416660 ' value='1614212'   \/><label for='answer-id-1614212' id='answer-label-1614212' 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-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-416661'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following is the primary reason the chief audit executive should consider the organization's strategic plans when developing the annual audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='416661' \/><input type='hidden' id='answerType416661' 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-416661[]' id='answer-id-1614213' class='answer   answerof-416661 ' value='1614213'   \/><label for='answer-id-1614213' id='answer-label-1614213' class=' answer'><span>Strategic plans reflect the organization's business objectives and overall attitude toward risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416661[]' id='answer-id-1614214' class='answer   answerof-416661 ' value='1614214'   \/><label for='answer-id-1614214' id='answer-label-1614214' class=' answer'><span>Strategic plans are helpful to identify major areas of activity, which may direct the allocation of internal audit activity resources.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416661[]' id='answer-id-1614215' class='answer   answerof-416661 ' value='1614215'   \/><label for='answer-id-1614215' id='answer-label-1614215' class=' answer'><span>Strategic plans are likely to show areas of weak financial controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416661[]' id='answer-id-1614216' class='answer   answerof-416661 ' value='1614216'   \/><label for='answer-id-1614216' id='answer-label-1614216' class=' answer'><span>The strategic plan is a relatively stable document on which to base audit planning.<\/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-416662'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>According to IIA guidance, when of the Mowing statements is true regarding an engagement supervisor's use of review notes?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='416662' \/><input type='hidden' id='answerType416662' 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-416662[]' id='answer-id-1614217' class='answer   answerof-416662 ' value='1614217'   \/><label for='answer-id-1614217' id='answer-label-1614217' class=' answer'><span>The engagement supervisor's review notes should be retained m the final documental or even after they are addressed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416662[]' id='answer-id-1614218' class='answer   answerof-416662 ' value='1614218'   \/><label for='answer-id-1614218' id='answer-label-1614218' class=' answer'><span>The engagement supervisor's review notes cannot be used as evidence of engagement supervision<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416662[]' id='answer-id-1614219' class='answer   answerof-416662 ' value='1614219'   \/><label for='answer-id-1614219' id='answer-label-1614219' class=' answer'><span>The engagement supervisor's review notes could be cleared from all final documentation after they are addressed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416662[]' id='answer-id-1614220' class='answer   answerof-416662 ' value='1614220'   \/><label for='answer-id-1614220' id='answer-label-1614220' class=' answer'><span>The engagement supervisor's review notes must be maintained in a checklist separate from tie final documentation<\/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-416663'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/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_8' value='416663' \/><input type='hidden' id='answerType416663' 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-416663[]' id='answer-id-1614221' class='answer   answerof-416663 ' value='1614221'   \/><label for='answer-id-1614221' id='answer-label-1614221' 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-416663[]' id='answer-id-1614222' class='answer   answerof-416663 ' value='1614222'   \/><label for='answer-id-1614222' id='answer-label-1614222' 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-416663[]' id='answer-id-1614223' class='answer   answerof-416663 ' value='1614223'   \/><label for='answer-id-1614223' id='answer-label-1614223' 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-416663[]' id='answer-id-1614224' class='answer   answerof-416663 ' value='1614224'   \/><label for='answer-id-1614224' id='answer-label-1614224' 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-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-416664'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/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_9' value='416664' \/><input type='hidden' id='answerType416664' 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-416664[]' id='answer-id-1614225' class='answer   answerof-416664 ' value='1614225'   \/><label for='answer-id-1614225' id='answer-label-1614225' class=' answer'><span>Cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416664[]' id='answer-id-1614226' class='answer   answerof-416664 ' value='1614226'   \/><label for='answer-id-1614226' id='answer-label-1614226' class=' answer'><span>Independence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416664[]' id='answer-id-1614227' class='answer   answerof-416664 ' value='1614227'   \/><label for='answer-id-1614227' id='answer-label-1614227' class=' answer'><span>Familiarity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416664[]' id='answer-id-1614228' class='answer   answerof-416664 ' value='1614228'   \/><label for='answer-id-1614228' id='answer-label-1614228' class=' answer'><span>Flexibility.<\/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-416665'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='416665' \/><input type='hidden' id='answerType416665' 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-416665[]' id='answer-id-1614229' class='answer   answerof-416665 ' value='1614229'   \/><label for='answer-id-1614229' id='answer-label-1614229' class=' answer'><span>The member and the internal auditor should opt for informal meetings even if it means that no formal documentation will be created.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416665[]' id='answer-id-1614230' class='answer   answerof-416665 ' value='1614230'   \/><label for='answer-id-1614230' id='answer-label-1614230' class=' answer'><span>The mentor relationship is usually not suitable for internal audit staff, as it does not leas to professional development.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416665[]' id='answer-id-1614231' class='answer   answerof-416665 ' value='1614231'   \/><label for='answer-id-1614231' id='answer-label-1614231' class=' answer'><span>The value of mentoring is derived primarily from the personal relationship between the two parties involved, and the mentor\u2019s level of relevant experience should not be a key factor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416665[]' id='answer-id-1614232' class='answer   answerof-416665 ' value='1614232'   \/><label for='answer-id-1614232' id='answer-label-1614232' class=' answer'><span>The mentor should be the internal auditor\u2019s supervisor to ensure that the auditor performance is assessed in a relevant and meaningful context.<\/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-416666'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/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_11' value='416666' \/><input type='hidden' id='answerType416666' 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-416666[]' id='answer-id-1614233' class='answer   answerof-416666 ' value='1614233'   \/><label for='answer-id-1614233' id='answer-label-1614233' 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-416666[]' id='answer-id-1614234' class='answer   answerof-416666 ' value='1614234'   \/><label for='answer-id-1614234' id='answer-label-1614234' 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-416666[]' id='answer-id-1614235' class='answer   answerof-416666 ' value='1614235'   \/><label for='answer-id-1614235' id='answer-label-1614235' 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-416666[]' id='answer-id-1614236' class='answer   answerof-416666 ' value='1614236'   \/><label for='answer-id-1614236' id='answer-label-1614236' 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-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-416667'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/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_12' value='416667' \/><input type='hidden' id='answerType416667' 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-416667[]' id='answer-id-1614237' class='answer   answerof-416667 ' value='1614237'   \/><label for='answer-id-1614237' id='answer-label-1614237' 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-416667[]' id='answer-id-1614238' class='answer   answerof-416667 ' value='1614238'   \/><label for='answer-id-1614238' id='answer-label-1614238' 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-416667[]' id='answer-id-1614239' class='answer   answerof-416667 ' value='1614239'   \/><label for='answer-id-1614239' id='answer-label-1614239' 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-416667[]' id='answer-id-1614240' class='answer   answerof-416667 ' value='1614240'   \/><label for='answer-id-1614240' id='answer-label-1614240' 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-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-416668'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which of the following statements is true regarding the final assurance engagement report issued to management?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='416668' \/><input type='hidden' id='answerType416668' 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-416668[]' id='answer-id-1614241' class='answer   answerof-416668 ' value='1614241'   \/><label for='answer-id-1614241' id='answer-label-1614241' class=' answer'><span>Ratings are only used to assess the condition of an observation made by an internal auditor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416668[]' id='answer-id-1614242' class='answer   answerof-416668 ' value='1614242'   \/><label for='answer-id-1614242' id='answer-label-1614242' class=' answer'><span>Audit findings may be communicated to management prior to issuance of the final approved audit report.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416668[]' id='answer-id-1614243' class='answer   answerof-416668 ' value='1614243'   \/><label for='answer-id-1614243' id='answer-label-1614243' class=' answer'><span>Communications must be relevant logical, and free from errors before they are disseminated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416668[]' id='answer-id-1614244' class='answer   answerof-416668 ' value='1614244'   \/><label for='answer-id-1614244' id='answer-label-1614244' class=' answer'><span>The audit report must present the information in the following order (1) audit scope, (2) engagement objectives, and (3) engagement results<\/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-416669'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/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_14' value='416669' \/><input type='hidden' id='answerType416669' 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-416669[]' id='answer-id-1614245' class='answer   answerof-416669 ' value='1614245'   \/><label for='answer-id-1614245' id='answer-label-1614245' class=' answer'><span>1 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416669[]' id='answer-id-1614246' class='answer   answerof-416669 ' value='1614246'   \/><label for='answer-id-1614246' id='answer-label-1614246' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416669[]' id='answer-id-1614247' class='answer   answerof-416669 ' value='1614247'   \/><label for='answer-id-1614247' id='answer-label-1614247' class=' answer'><span>2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416669[]' id='answer-id-1614248' class='answer   answerof-416669 ' value='1614248'   \/><label for='answer-id-1614248' id='answer-label-1614248' class=' answer'><span>2 and 4<\/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-416670'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>An internal auditor wants to identity potential ghost employees in the organization's payroll system. <br \/>\r<br>The auditor extracts the following data <br \/>\r<br>- Human resources data with employees' names addresses employment conditions and identification codes <br \/>\r<br>- Payroll data <br \/>\r<br>- Logs from entrance systems <br \/>\r<br>With this data, which of the following types of ghost employees will the auditor be able to identify?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='416670' \/><input type='hidden' id='answerType416670' 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-416670[]' id='answer-id-1614249' class='answer   answerof-416670 ' value='1614249'   \/><label for='answer-id-1614249' id='answer-label-1614249' class=' answer'><span>Employees who are being paid more than then approved wages<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416670[]' id='answer-id-1614250' class='answer   answerof-416670 ' value='1614250'   \/><label for='answer-id-1614250' id='answer-label-1614250' class=' answer'><span>Employees who get paid although their employment has expired<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416670[]' id='answer-id-1614251' class='answer   answerof-416670 ' value='1614251'   \/><label for='answer-id-1614251' id='answer-label-1614251' class=' answer'><span>Employees who are related to one of the subcontractors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416670[]' id='answer-id-1614252' class='answer   answerof-416670 ' value='1614252'   \/><label for='answer-id-1614252' id='answer-label-1614252' class=' answer'><span>Employees who are physically present at the workplace but who do not perform the specified job duties<\/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-416671'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following best illustrates the primary focus of a risk-based approach to control self-assessment?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='416671' \/><input type='hidden' id='answerType416671' 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-416671[]' id='answer-id-1614253' class='answer   answerof-416671 ' value='1614253'   \/><label for='answer-id-1614253' id='answer-label-1614253' class=' answer'><span>To evaluate controls regarding the computer security of an oil refinery.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416671[]' id='answer-id-1614254' class='answer   answerof-416671 ' value='1614254'   \/><label for='answer-id-1614254' id='answer-label-1614254' class=' answer'><span>To examine the processes involved in exploring, developing, and operating a gold mine.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416671[]' id='answer-id-1614255' class='answer   answerof-416671 ' value='1614255'   \/><label for='answer-id-1614255' id='answer-label-1614255' class=' answer'><span>To assess the likelihood and impact of events associated with operating a finished goods warehouse.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416671[]' id='answer-id-1614256' class='answer   answerof-416671 ' value='1614256'   \/><label for='answer-id-1614256' id='answer-label-1614256' class=' answer'><span>To link a financial institution's business objectives to a work unit responsible for the associated risk.<\/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-416672'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/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_17' value='416672' \/><input type='hidden' id='answerType416672' 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-416672[]' id='answer-id-1614257' class='answer   answerof-416672 ' value='1614257'   \/><label for='answer-id-1614257' id='answer-label-1614257' class=' answer'><span>1 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416672[]' id='answer-id-1614258' class='answer   answerof-416672 ' value='1614258'   \/><label for='answer-id-1614258' id='answer-label-1614258' class=' answer'><span>3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416672[]' id='answer-id-1614259' class='answer   answerof-416672 ' value='1614259'   \/><label for='answer-id-1614259' id='answer-label-1614259' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416672[]' id='answer-id-1614260' class='answer   answerof-416672 ' value='1614260'   \/><label for='answer-id-1614260' id='answer-label-1614260' class=' answer'><span>1, 2, and3<\/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-416673'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which of the following statements describes an engagement planning best practice?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='416673' \/><input type='hidden' id='answerType416673' 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-416673[]' id='answer-id-1614261' class='answer   answerof-416673 ' value='1614261'   \/><label for='answer-id-1614261' id='answer-label-1614261' 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-416673[]' id='answer-id-1614262' class='answer   answerof-416673 ' value='1614262'   \/><label for='answer-id-1614262' id='answer-label-1614262' 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-416673[]' id='answer-id-1614263' class='answer   answerof-416673 ' value='1614263'   \/><label for='answer-id-1614263' id='answer-label-1614263' 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-416673[]' id='answer-id-1614264' class='answer   answerof-416673 ' value='1614264'   \/><label for='answer-id-1614264' id='answer-label-1614264' 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-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-416674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/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_19' value='416674' \/><input type='hidden' id='answerType416674' 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-416674[]' id='answer-id-1614265' class='answer   answerof-416674 ' value='1614265'   \/><label for='answer-id-1614265' id='answer-label-1614265' class=' answer'><span>Effectiveness<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416674[]' id='answer-id-1614266' class='answer   answerof-416674 ' value='1614266'   \/><label for='answer-id-1614266' id='answer-label-1614266' class=' answer'><span>Response<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416674[]' id='answer-id-1614267' class='answer   answerof-416674 ' value='1614267'   \/><label for='answer-id-1614267' id='answer-label-1614267' class=' answer'><span>Efficiency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416674[]' id='answer-id-1614268' class='answer   answerof-416674 ' value='1614268'   \/><label for='answer-id-1614268' id='answer-label-1614268' class=' answer'><span>Mitigation.<\/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-416675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>What is the best course of action for a chief audit executive if an internal auditor identifies in the early stage of an audit that some employees have inappropriate access to a key system?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='416675' \/><input type='hidden' id='answerType416675' 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-416675[]' id='answer-id-1614269' class='answer   answerof-416675 ' value='1614269'   \/><label for='answer-id-1614269' id='answer-label-1614269' class=' answer'><span>Contact the audit committee chair to discuss the finding<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416675[]' id='answer-id-1614270' class='answer   answerof-416675 ' value='1614270'   \/><label for='answer-id-1614270' id='answer-label-1614270' class=' answer'><span>Obtain verbal assurance from management that the inappropriate access will be removed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416675[]' id='answer-id-1614271' class='answer   answerof-416675 ' value='1614271'   \/><label for='answer-id-1614271' id='answer-label-1614271' class=' answer'><span>Issue an interim audit report so that management can implement action plans<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416675[]' id='answer-id-1614272' class='answer   answerof-416675 ' value='1614272'   \/><label for='answer-id-1614272' id='answer-label-1614272' class=' answer'><span>Ask the auditor to create a ticket with the IT help desk requesting to revoke the inappropriate access<\/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-416676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>According to the Standards, which of the following is least important in determining the adequacy of an annual audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='416676' \/><input type='hidden' id='answerType416676' 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-416676[]' id='answer-id-1614273' class='answer   answerof-416676 ' value='1614273'   \/><label for='answer-id-1614273' id='answer-label-1614273' class=' answer'><span>Sufficiency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416676[]' id='answer-id-1614274' class='answer   answerof-416676 ' value='1614274'   \/><label for='answer-id-1614274' id='answer-label-1614274' class=' answer'><span>Appropriateness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416676[]' id='answer-id-1614275' class='answer   answerof-416676 ' value='1614275'   \/><label for='answer-id-1614275' id='answer-label-1614275' class=' answer'><span>Effective deployment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416676[]' id='answer-id-1614276' class='answer   answerof-416676 ' value='1614276'   \/><label for='answer-id-1614276' id='answer-label-1614276' class=' answer'><span>Cost effectiveness.<\/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-416677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which of the following has the greatest effect on the efficiency of an audit?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='416677' \/><input type='hidden' id='answerType416677' 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-416677[]' id='answer-id-1614277' class='answer   answerof-416677 ' value='1614277'   \/><label for='answer-id-1614277' id='answer-label-1614277' class=' answer'><span>The complexity of deficiency findings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416677[]' id='answer-id-1614278' class='answer   answerof-416677 ' value='1614278'   \/><label for='answer-id-1614278' id='answer-label-1614278' class=' answer'><span>The adequacy of preliminary survey information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416677[]' id='answer-id-1614279' class='answer   answerof-416677 ' value='1614279'   \/><label for='answer-id-1614279' id='answer-label-1614279' class=' answer'><span>The organization and content of workpapers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416677[]' id='answer-id-1614280' class='answer   answerof-416677 ' value='1614280'   \/><label for='answer-id-1614280' id='answer-label-1614280' 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-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-416678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/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_23' value='416678' \/><input type='hidden' id='answerType416678' 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-416678[]' id='answer-id-1614281' class='answer   answerof-416678 ' value='1614281'   \/><label for='answer-id-1614281' id='answer-label-1614281' class=' answer'><span>Ratio analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416678[]' id='answer-id-1614282' class='answer   answerof-416678 ' value='1614282'   \/><label for='answer-id-1614282' id='answer-label-1614282' class=' answer'><span>Vertical analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416678[]' id='answer-id-1614283' class='answer   answerof-416678 ' value='1614283'   \/><label for='answer-id-1614283' id='answer-label-1614283' class=' answer'><span>Benchmarking<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416678[]' id='answer-id-1614284' class='answer   answerof-416678 ' value='1614284'   \/><label for='answer-id-1614284' id='answer-label-1614284' class=' answer'><span>Cost-benefit analysis.<\/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-416679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='416679' \/><input type='hidden' id='answerType416679' 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-416679[]' id='answer-id-1614285' class='answer   answerof-416679 ' value='1614285'   \/><label for='answer-id-1614285' id='answer-label-1614285' class=' answer'><span>Acts that may endanger the health or safety of individuals.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416679[]' id='answer-id-1614286' class='answer   answerof-416679 ' value='1614286'   \/><label for='answer-id-1614286' id='answer-label-1614286' class=' answer'><span>Acts that favor one party to the detriment of another.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416679[]' id='answer-id-1614287' class='answer   answerof-416679 ' value='1614287'   \/><label for='answer-id-1614287' id='answer-label-1614287' class=' answer'><span>Acts that damage or have an adverse effect on the environment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416679[]' id='answer-id-1614288' class='answer   answerof-416679 ' value='1614288'   \/><label for='answer-id-1614288' id='answer-label-1614288' class=' answer'><span>Acts that conceal inappropriate activities in the organization.<\/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-416680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/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_25' value='416680' \/><input type='hidden' id='answerType416680' 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-416680[]' id='answer-id-1614289' class='answer   answerof-416680 ' value='1614289'   \/><label for='answer-id-1614289' id='answer-label-1614289' 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-416680[]' id='answer-id-1614290' class='answer   answerof-416680 ' value='1614290'   \/><label for='answer-id-1614290' id='answer-label-1614290' 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-416680[]' id='answer-id-1614291' class='answer   answerof-416680 ' value='1614291'   \/><label for='answer-id-1614291' id='answer-label-1614291' 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-416680[]' id='answer-id-1614292' class='answer   answerof-416680 ' value='1614292'   \/><label for='answer-id-1614292' id='answer-label-1614292' 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-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-416681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements? <br \/>\r<br>1. Consider employees from other operational areas as audit resources, to provide additional audit coverage in the organization. <br \/>\r<br>2. Approach an external service provider to conduct internal audits on certain areas of the organization, due to a lack of skills in the organization. <br \/>\r<br>3. Suggest to the audit committee that an audit of technology be deferred until staff can be trained, due to limited IT audit skills among the audit staff. <br \/>\r<br>4. Communicate to senior management a summary report on the status and adequacy of audit resources.<\/div><input type='hidden' name='question_id[]' id='qID_26' value='416681' \/><input type='hidden' id='answerType416681' 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-416681[]' id='answer-id-1614293' class='answer   answerof-416681 ' value='1614293'   \/><label for='answer-id-1614293' id='answer-label-1614293' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416681[]' id='answer-id-1614294' class='answer   answerof-416681 ' value='1614294'   \/><label for='answer-id-1614294' id='answer-label-1614294' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416681[]' id='answer-id-1614295' class='answer   answerof-416681 ' value='1614295'   \/><label for='answer-id-1614295' id='answer-label-1614295' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416681[]' id='answer-id-1614296' class='answer   answerof-416681 ' value='1614296'   \/><label for='answer-id-1614296' id='answer-label-1614296' class=' answer'><span>2, 3, and 4<\/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-416682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/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_27' value='416682' \/><input type='hidden' id='answerType416682' 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-416682[]' id='answer-id-1614297' class='answer   answerof-416682 ' value='1614297'   \/><label for='answer-id-1614297' id='answer-label-1614297' 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-416682[]' id='answer-id-1614298' class='answer   answerof-416682 ' value='1614298'   \/><label for='answer-id-1614298' id='answer-label-1614298' 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-416682[]' id='answer-id-1614299' class='answer   answerof-416682 ' value='1614299'   \/><label for='answer-id-1614299' id='answer-label-1614299' 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-416682[]' id='answer-id-1614300' class='answer   answerof-416682 ' value='1614300'   \/><label for='answer-id-1614300' id='answer-label-1614300' 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-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-416683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>During follow-up. the internal auditor discovered that operational management did not implement effective actions to address a significant control breach If the issue is left unresolved it may result in regulatory sanctions and damage the organization's reputation What is the most appropriate next step for the chief audit executive to lake?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='416683' \/><input type='hidden' id='answerType416683' 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-416683[]' id='answer-id-1614301' class='answer   answerof-416683 ' value='1614301'   \/><label for='answer-id-1614301' id='answer-label-1614301' class=' answer'><span>Report the matter to the board<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416683[]' id='answer-id-1614302' class='answer   answerof-416683 ' value='1614302'   \/><label for='answer-id-1614302' id='answer-label-1614302' class=' answer'><span>Implement the recommended control to address the exposure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416683[]' id='answer-id-1614303' class='answer   answerof-416683 ' value='1614303'   \/><label for='answer-id-1614303' id='answer-label-1614303' class=' answer'><span>Discuss the matter with senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416683[]' id='answer-id-1614304' class='answer   answerof-416683 ' value='1614304'   \/><label for='answer-id-1614304' id='answer-label-1614304' class=' answer'><span>Ask the regulatory agency to persuade management to address the issue<\/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-416684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Which of the following is an appropriate documentation of proper engagement supervision?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='416684' \/><input type='hidden' id='answerType416684' 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-416684[]' id='answer-id-1614305' class='answer   answerof-416684 ' value='1614305'   \/><label for='answer-id-1614305' id='answer-label-1614305' class=' answer'><span>A completed engagement workpaper review checklist.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416684[]' id='answer-id-1614306' class='answer   answerof-416684 ' value='1614306'   \/><label for='answer-id-1614306' id='answer-label-1614306' class=' answer'><span>The supervisor's review notes on engagement workpapers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416684[]' id='answer-id-1614307' class='answer   answerof-416684 ' value='1614307'   \/><label for='answer-id-1614307' id='answer-label-1614307' class=' answer'><span>The email exchanges between the audit team and the supervisor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416684[]' id='answer-id-1614308' class='answer   answerof-416684 ' value='1614308'   \/><label for='answer-id-1614308' id='answer-label-1614308' class=' answer'><span>A supervisor's approval of resources allocated to the engagement<\/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-416685'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>An internal auditor is testing the success of the IT support department in meeting the service levels guaranteed to small, medium and large customers. The customer's size classification is based on its annual expenditures with the organization and the nature and extent of services it receives. <br \/>\r<br>Which of the following sampling techniques would be the most suitable to select customers for this test?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='416685' \/><input type='hidden' id='answerType416685' 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-416685[]' id='answer-id-1614309' class='answer   answerof-416685 ' value='1614309'   \/><label for='answer-id-1614309' id='answer-label-1614309' class=' answer'><span>Interval sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416685[]' id='answer-id-1614310' class='answer   answerof-416685 ' value='1614310'   \/><label for='answer-id-1614310' id='answer-label-1614310' class=' answer'><span>Cluster sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416685[]' id='answer-id-1614311' class='answer   answerof-416685 ' value='1614311'   \/><label for='answer-id-1614311' id='answer-label-1614311' class=' answer'><span>Stop-and-go sampling<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416685[]' id='answer-id-1614312' class='answer   answerof-416685 ' value='1614312'   \/><label for='answer-id-1614312' id='answer-label-1614312' class=' answer'><span>Stratified sampling<\/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-416686'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/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_31' value='416686' \/><input type='hidden' id='answerType416686' 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-416686[]' id='answer-id-1614313' class='answer   answerof-416686 ' value='1614313'   \/><label for='answer-id-1614313' id='answer-label-1614313' class=' answer'><span>1, 2, and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416686[]' id='answer-id-1614314' class='answer   answerof-416686 ' value='1614314'   \/><label for='answer-id-1614314' id='answer-label-1614314' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416686[]' id='answer-id-1614315' class='answer   answerof-416686 ' value='1614315'   \/><label for='answer-id-1614315' id='answer-label-1614315' class=' answer'><span>1, 3, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416686[]' id='answer-id-1614316' class='answer   answerof-416686 ' value='1614316'   \/><label for='answer-id-1614316' id='answer-label-1614316' class=' answer'><span>2, 3, and 4<\/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-416687'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/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_32' value='416687' \/><input type='hidden' id='answerType416687' 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-416687[]' id='answer-id-1614317' class='answer   answerof-416687 ' value='1614317'   \/><label for='answer-id-1614317' id='answer-label-1614317' 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-416687[]' id='answer-id-1614318' class='answer   answerof-416687 ' value='1614318'   \/><label for='answer-id-1614318' id='answer-label-1614318' 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-416687[]' id='answer-id-1614319' class='answer   answerof-416687 ' value='1614319'   \/><label for='answer-id-1614319' id='answer-label-1614319' class=' answer'><span>Ensure senior management acknowledges residual risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416687[]' id='answer-id-1614320' class='answer   answerof-416687 ' value='1614320'   \/><label for='answer-id-1614320' id='answer-label-1614320' 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-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-416688'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>According to IIA guidance which of the following statements is true regarding the annual audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='416688' \/><input type='hidden' id='answerType416688' 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-416688[]' id='answer-id-1614321' class='answer   answerof-416688 ' value='1614321'   \/><label for='answer-id-1614321' id='answer-label-1614321' class=' answer'><span>The annual audit plan should only be adjusted in response to problems with resourcing, scope, and data availability.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416688[]' id='answer-id-1614322' class='answer   answerof-416688 ' value='1614322'   \/><label for='answer-id-1614322' id='answer-label-1614322' class=' answer'><span>The chief audit executive (CAE) may incorporate risk information, including risk appetite levels from management for the audit plan at her discretion.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416688[]' id='answer-id-1614323' class='answer   answerof-416688 ' value='1614323'   \/><label for='answer-id-1614323' id='answer-label-1614323' class=' answer'><span>In an immature risk management environment it is preferable for the CAE to rely solely on her judgment regarding risk identification and assessment to develop the audit plan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416688[]' id='answer-id-1614324' class='answer   answerof-416688 ' value='1614324'   \/><label for='answer-id-1614324' id='answer-label-1614324' class=' answer'><span>The CAE may make adjustments to the annual audit plan as needed without senior management or board approval.<\/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-416689'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/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_34' value='416689' \/><input type='hidden' id='answerType416689' 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-416689[]' id='answer-id-1614325' class='answer   answerof-416689 ' value='1614325'   \/><label for='answer-id-1614325' id='answer-label-1614325' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416689[]' id='answer-id-1614326' class='answer   answerof-416689 ' value='1614326'   \/><label for='answer-id-1614326' id='answer-label-1614326' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416689[]' id='answer-id-1614327' class='answer   answerof-416689 ' value='1614327'   \/><label for='answer-id-1614327' id='answer-label-1614327' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416689[]' id='answer-id-1614328' class='answer   answerof-416689 ' value='1614328'   \/><label for='answer-id-1614328' id='answer-label-1614328' class=' answer'><span>1, 3, and 4<\/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-416690'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/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_35' value='416690' \/><input type='hidden' id='answerType416690' 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-416690[]' id='answer-id-1614329' class='answer   answerof-416690 ' value='1614329'   \/><label for='answer-id-1614329' id='answer-label-1614329' 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-416690[]' id='answer-id-1614330' class='answer   answerof-416690 ' value='1614330'   \/><label for='answer-id-1614330' id='answer-label-1614330' 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-416690[]' id='answer-id-1614331' class='answer   answerof-416690 ' value='1614331'   \/><label for='answer-id-1614331' id='answer-label-1614331' 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-416690[]' id='answer-id-1614332' class='answer   answerof-416690 ' value='1614332'   \/><label for='answer-id-1614332' id='answer-label-1614332' 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-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-416691'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/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_36' value='416691' \/><input type='hidden' id='answerType416691' 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-416691[]' id='answer-id-1614333' class='answer   answerof-416691 ' value='1614333'   \/><label for='answer-id-1614333' id='answer-label-1614333' 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-416691[]' id='answer-id-1614334' class='answer   answerof-416691 ' value='1614334'   \/><label for='answer-id-1614334' id='answer-label-1614334' 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-416691[]' id='answer-id-1614335' class='answer   answerof-416691 ' value='1614335'   \/><label for='answer-id-1614335' id='answer-label-1614335' 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-416691[]' id='answer-id-1614336' class='answer   answerof-416691 ' value='1614336'   \/><label for='answer-id-1614336' id='answer-label-1614336' 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-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-416692'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader. <br \/>\r<br>How should tie internal auditor respond?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='416692' \/><input type='hidden' id='answerType416692' 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-416692[]' id='answer-id-1614337' class='answer   answerof-416692 ' value='1614337'   \/><label for='answer-id-1614337' id='answer-label-1614337' class=' answer'><span>Ask the external auditor to review the same transaction again as an independent third party<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416692[]' id='answer-id-1614338' class='answer   answerof-416692 ' value='1614338'   \/><label for='answer-id-1614338' id='answer-label-1614338' class=' answer'><span>Consult account accounting principles, standards, and relevant guidelines in regard to timing of the entry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416692[]' id='answer-id-1614339' class='answer   answerof-416692 ' value='1614339'   \/><label for='answer-id-1614339' id='answer-label-1614339' class=' answer'><span>Interview the chief financial officer and obtain her opinion on how the transactions should be recorded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416692[]' id='answer-id-1614340' class='answer   answerof-416692 ' value='1614340'   \/><label for='answer-id-1614340' id='answer-label-1614340' class=' answer'><span>Compare the recording of this transaction to now similar ones were executed last year<\/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-416693'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='416693' \/><input type='hidden' id='answerType416693' 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-416693[]' id='answer-id-1614341' class='answer   answerof-416693 ' value='1614341'   \/><label for='answer-id-1614341' id='answer-label-1614341' class=' answer'><span>Improper segregation of duties.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416693[]' id='answer-id-1614342' class='answer   answerof-416693 ' value='1614342'   \/><label for='answer-id-1614342' id='answer-label-1614342' class=' answer'><span>Incentives and bonus programs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416693[]' id='answer-id-1614343' class='answer   answerof-416693 ' value='1614343'   \/><label for='answer-id-1614343' id='answer-label-1614343' class=' answer'><span>An employee's reported concerns.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416693[]' id='answer-id-1614344' class='answer   answerof-416693 ' value='1614344'   \/><label for='answer-id-1614344' id='answer-label-1614344' class=' answer'><span>Lack of an ethics policy.<\/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-416694'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>A chief audit executive (CAE) reviews the supervision of an internal audit engagement. <br \/>\r<br>Which of the following would most likely assure the CAE that the engagement had adequate supervision?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='416694' \/><input type='hidden' id='answerType416694' 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-416694[]' id='answer-id-1614345' class='answer   answerof-416694 ' value='1614345'   \/><label for='answer-id-1614345' id='answer-label-1614345' class=' answer'><span>The engagement supervisor has an open door pokey for audit team members to discuss concerns<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416694[]' id='answer-id-1614346' class='answer   answerof-416694 ' value='1614346'   \/><label for='answer-id-1614346' id='answer-label-1614346' class=' answer'><span>The supervisor reviews weekly progress reports from the audit team members<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416694[]' id='answer-id-1614347' class='answer   answerof-416694 ' value='1614347'   \/><label for='answer-id-1614347' id='answer-label-1614347' class=' answer'><span>The supervisor reviews and initials internal audit workpapers for the engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416694[]' id='answer-id-1614348' class='answer   answerof-416694 ' value='1614348'   \/><label for='answer-id-1614348' id='answer-label-1614348' class=' answer'><span>The supervisor meets periodically with management in the reviewed area to get feedback during the engagement.<\/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-416695'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of the following actives is an internal auditor most likely to perform when establishing the objectives of an assurance engagement?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='416695' \/><input type='hidden' id='answerType416695' 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-416695[]' id='answer-id-1614349' class='answer   answerof-416695 ' value='1614349'   \/><label for='answer-id-1614349' id='answer-label-1614349' class=' answer'><span>Discuss the internal audit risk assessment including applicable risks and objectives with internal audit management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416695[]' id='answer-id-1614350' class='answer   answerof-416695 ' value='1614350'   \/><label for='answer-id-1614350' id='answer-label-1614350' class=' answer'><span>Perform a walk-through of the process under review to determine whether control wore operating, effectively<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416695[]' id='answer-id-1614351' class='answer   answerof-416695 ' value='1614351'   \/><label for='answer-id-1614351' id='answer-label-1614351' class=' answer'><span>Identify when controls will be tested and the sampling method to be used based on control risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-416695[]' id='answer-id-1614352' class='answer   answerof-416695 ' value='1614352'   \/><label for='answer-id-1614352' id='answer-label-1614352' class=' answer'><span>Meet with operational management to team about any areas of concern and to agree on the engagement objectives<\/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...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10530\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  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Additionally, these IIA-CIA-Part2 dumps ensure precision, then you can focus on mastering the essential topics. 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