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Guide for IIA-CIA-Part2: IIA Certified Internal Auditor

Quiz IIA-CIA-Part2: IIA Certified Internal Auditor

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/ 10

Quiz

1/10
Which of the following analytical procedures should an internal auditor use to determine whether
monthly expenses for the accounting department are reasonable?
Select the answer
1 correct answer
A.
Review year-over-year trending of total dollars spent in each period.
B.
Review changes to the vendor master file for suspicious activity.
C.
Review the percentage of on-time payments against prior periods.
D.
Review total expenses for accounting against other department expenses in the organization.

Quiz

2/10
During an internal audit engagement, which of the following is true regarding the decision to use
statistical sampling or nonstatistical sampling?
Select the answer
1 correct answer
A.
The decision affects the test procedures performed.
B.
The auditor's response to errors detected will be influenced.
C.
The competence of the evidence obtained is greater with statistical sampling.
D.
Nonstatistical sampling may be more cost effective.

Quiz

3/10
When auditing an organization's purchasing function, which of the following appropriately matches
an engagement objective and the resulting audit procedure?
Select the answer
1 correct answer
A.
Determine whether the purchasing department complies with policy by examining a random selection of purchase orders.
B.
Evaluate whether purchasing requests are properly approved by authorized staff by obtaining independent verification from the vendors.
C.
Ascertain whether material receipts are recorded on a timely basis by reviewing physical inventory stock counts.
D.
Determine whether prices charged for goods received are correct by reviewing the appropriate accounts payable record by vendor.

Quiz

4/10
A team of internal auditors is assigned to audit the employee relations process in an organization,
which includes employee conduct and disciplinary hearings. Which of the following audit approaches
would provide the auditors with the best evidence to determine the degree to which disciplinary
decisions are complying with documented policy?
Select the answer
1 correct answer
A.
Review a random sample of concluded disciplinary reports to assess how the policy was applied in each case.
B.
Interview a sample of impacted employees for their opinions on the clarity and fairness of the policy.
C.
Observe several disciplinary hearings to determine whether they are in compliance with the policy.
D.
Conduct an interview to assess the disciplinary hearing chairman’s understanding of the policy and its appropriate use.

Quiz

5/10
Which of the following represents the best method for confirming that vendor invoices were for
authorized purchases?
Select the answer
1 correct answer
A.
Vouching vendor invoices to payments made.
B.
Sorting invoices by purchase orders and comparing for successive duplicate invoices.
C.
Comparing a random sample of vendor invoices to purchase orders.
D.
Sorting payments by invoice to detect successive duplicate invoices.

Quiz

6/10
An internal auditor is using attributes sampling to test internal controls. Under which of the following
circumstances would the auditor increase the original sample size to estimate error occurrence at a
given precision and confidence level?
Select the answer
1 correct answer
A.
The sample rate of occurrence plus the precision exceeds the acceptable error rate.
B.
The sample rate of occurrence is less than the acceptable error rate.
C.
The acceptable rate of occurrence less the precision exceeds the sample rate of occurrence.
D.
The sample rate of occurrence plus the precision equals the acceptable error rate.

Quiz

7/10
Which of the following is the most appropriate objective for establishing a professional development
plan for the internal audit activity?
Select the answer
1 correct answer
A.
A plan that focuses on furthering the independence of the internal audit activity.
B.
A plan that ensures internal auditors collectively possess expertise in various fields to avoid outsourcing.
C.
A plan based on individual preferences and proposals, which helps internal auditors achieve greater success.
D.
A plan that focuses on filling gaps in the current skills needed to complete audit objectives.

Quiz

8/10
Which of the following is an example of internal benchmarking?
Select the answer
1 correct answer
A.
Book value per common share ratio is lower than that of the prior year.
B.
Staff turnover ratio is higher than the comparable organization in the same industry.
C.
Utilities expense of the sales unit is higher than that of the customer service unit.
D.
Sales are significantly higher than the industry’s average for five years.

Quiz

9/10
While conducting an information security audit, an internal auditor learns that the existing disaster
recovery plan is four years old and untested. The auditor also learns that in the four years since the
recovery plan was implemented, the information systems have undergone extensive changes. Which
of the following actions is most appropriate for the auditor to take?
Select the answer
1 correct answer
A.
Inform management and request that the plan be tested immediately.
B.
Update the recovery plan for management, as part of the review.
C.
Evaluate the recovery plan and report weaknesses to management.
D.
Recommend that management and users update and test the recovery plan.

Quiz

10/10
Which of the following is the primary reason an internal auditor would issue an interim report during
an engagement?
Select the answer
1 correct answer
A.
To provide a status update on a short engagement to management of the area under review and to the audit supervisor.
B.
To confirm agreement with preliminary observations and conclusions identified during the engagement.
C.
To provide those responsible for the area under review with the opportunity to act on certain observations immediately.
D.
To verify that the corrective actions required by senior management are completed as agreed.
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  • Quiz name:IIA-CIA-Part2: IIA Certified Internal Auditor
  • Total number of questions:360
  • Number of questions for the test:50
  • Pass score:80%

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