IIA-CIA-PART2 practice questions 181–190

1. Question 181 · 475 in bank

   According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?

   • AThe follow-up manual procedures.
   • BThe internal audit charter.
   • CThe agreement made between internal auditors and management.
   • DThe risks and exposures involved.

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   Answer: D

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2. Question 182 · 475 in bank

   Which of the following is used to identify and prioritize critical business applications to determine those that must be restored and the order of restoration in the event that a disaster impairs information systems processing?

   • AContingent facility contract analysis.
   • BSystem backup analysis.
   • CVendor supply agreement analysis.
   • DRisk analysis.

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   Answer: D

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3. Question 183 · 475 in bank

   Information gathered in a forensic investigation of business fraud is usually gathered with which of the following standards in mind?

   • AGenerally Accepted Auditing Standards.
   • BGenerally Accepted Accounting Principles.
   • CThe International Professional Practices Framework.
   • DLegal evidence.

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   Answer: D

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4. Question 184 · 475 in bank

   Which of the following would be a legitimate action for the internal auditor to take when monitoring audit engagement results? 1. Disregard a certain risk because management and the board accepted the risk in the past. 2. Abdicate the responsibility for a particular risk because it is not part of the audit plan. 3. Obtain agreement from senior management that unresolved audit issues will be reported to the board. Request corrective action from management in writing.

   • A1 and 3 only
   • B2 and 3 only
   • C3 and 4 only
   • D1, 2, and 4 only

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   Answer: C

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5. Question 185 · 475 in bank

   After issuance of the engagement final communication for an audit of an organization's accounts payable function, which of the following should be sent satisfaction surveys? I. Manager of disbursements. II. Controller. III. Chief operating officer. IV. Audit committee members.

   • AI only
   • BI and II only
   • CII and III only
   • DII, III, and IV only

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   Answer: B

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6. Question 186 · 475 in bank

   The internal auditor's opinion in terms of due professional care should be:

   • ALimited to the effectiveness of internal controls.
   • BExpressed only when consensus with top management has been achieved.
   • CBased on experience and free of all bias.
   • DBased on sufficient factual evidence.

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   Answer: D

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7. Question 187 · 475 in bank

   An organization's internal audit plan includes a recurring assurance review of the human resources (HR) department. Which of the following statements is true regarding preliminary communication between the auditor in charge (AIC) and the HR department? 1. The AIC should notify HR management when the draft audit plan is being developed, as a courtesy. 2. The AIC should notify HR management before the planning stage begins. 3. The AIC should schedule formal status meetings with HR management at the start of the engagement. 4. The AIC should finalize the scope of the engagement before communicating with HR management.

   • A1 and 3
   • B1 and 4
   • C2 and 3
   • D2 and 4

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   Answer: C

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8. Question 188 · 475 in bank

   According to the Standards, which of the following describes the condition attribute when applied to the observations and recommendations contained in the audit report?

   • AThe standards, measures, or expectations used in making an evaluation or verification.
   • BThe reason for the difference between the expected state and the actual state.
   • CThe factual evidence that the internal auditor found in the course of the examination.
   • DThe risk or exposure the organization encounters because the actual state is not consistent with the criteria.

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   Answer: C

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9. Question 189 · 475 in bank

   In response to an accounts receivable confirmation, a customer indicated that the invoice listed on the confirmation letter had been paid two months earlier. This may indicate that:

   • AThe receivable was selected for confirmation in error.
   • BThe customer is a bad credit risk.
   • CThe receivable should be written off.
   • DFraudulent activity has occurred.

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   Answer: D

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10. Question 190 · 475 in bank

    According to IIA guidance, which of the following individuals should receive the final audit report on a compliance engagement for the organization's cash disbursements process?

    • AThe accounts payable supervisor, accounts payable manager, and controller.
    • BThe accounts payable manager, purchasing manager, and receiving manager.
    • CThe accounts payable supervisor, controller, and treasurer.
    • DThe accounts payable manager, chief financial officer, and audit committee.

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    Answer: A

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IIA-CIA-PART2 practice, question 181. 475 questions available.