100% PASS 2025 PASS-SURE IIA IIA-CIA-PART2 VALID TEST BRAINDUMPS

100% Pass 2025 Pass-Sure IIA IIA-CIA-Part2 Valid Test Braindumps

100% Pass 2025 Pass-Sure IIA IIA-CIA-Part2 Valid Test Braindumps

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The Practice of Internal Auditing (IIA-CIA-Part2) certification is one of the hottest career advancement credentials in the modern IIA world. The IIA-CIA-Part2 certification can help you to demonstrate your expertise and knowledge level. With only one badge of IIA-CIA-Part2 certification, successful candidates can advance their careers and increase their earning potential. The IIA IIA-CIA-Part2 Certification Exam also enables you to stay updated and competitive in the market which will help you to gain more career opportunities.

IIA-CIA-Part2 certification exam consists of 100 multiple-choice questions that must be completed within a time limit of two hours and forty-five minutes. IIA-CIA-Part2 exam covers a wide range of topics related to internal auditing, including internal control and risk management, governance and business ethics, communication, and audit tools and techniques. IIA-CIA-Part2 exam is conducted in English and is available in both online and paper-based formats.

To be eligible for the IIA-CIA-Part2 exam, candidates must have completed the first part of the CIA certification program, which focuses on the essentials of internal auditing. Additionally, candidates must have a minimum of 24 months of internal auditing experience or equivalent education and experience.

To prepare for the IIA-CIA-Part2 Exam, candidates should review the IIA's official study materials, which cover topics such as risk assessment, audit planning, and audit reporting. Additionally, candidates may find it helpful to participate in study groups or to take advantage of other resources offered by the IIA, such as online courses and practice exams. With the right preparation, candidates can feel confident in their ability to pass the IIA-CIA-Part2 exam and to demonstrate their expertise in the practice of internal auditing.

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IIA-CIA-Part2 Exam Certification - Valid IIA-CIA-Part2 Test Guide

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IIA Practice of Internal Auditing Sample Questions (Q370-Q375):

NEW QUESTION # 370
While planning for an accounts payable audit an internal auditor performs an entity level controls analysis. Which of the following statements is true regarding me approach used by the auditor?

  • A. It enables the auditor to categorize the population of transactions within the accounts payable process
  • B. it enables the auditor to understand the accounts payable process and its flow, including key steps and systems.
  • C. It enables the auditor to identify the inherent risks to the effective operation of accounts payable process controls.
  • D. It enables the auditor to understand the framework of the activities and associated accounts payable subprocesses

Answer: D

Explanation:
Performing an entity-level controls analysis helps the auditor understand the overarching framework of activities and subprocesses within the accounts payable function. This approach provides a high-level view of the control environment and how different processes interrelate and contribute to the overall control objectives. By understanding the framework, the auditor can identify key controls, assess their design and implementation, and determine areas of potential risk. This foundational understanding is crucial before delving into more detailed, transaction-level testing.
Reference:
Institute of Internal Auditors (IIA), International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2130 - Control.


NEW QUESTION # 371
Which of the following controls in a computerized consumer loan system of a major bank would be the least effective in detecting a fraudulent loan?

  • A. Customer information is matched to payment data prior to funds disbursement.
  • B. All log-in accounts become inaccessible after three incorrect password attempts.
  • C. System controls prevent supervisors from delegating their approval authority during vacation periods.
  • D. Loan approvals over a pre-determined limit must have management approval.

Answer: B


NEW QUESTION # 372
According to HA guidance, which of the following statements regarding audit workpapers is true?

  • A. Ad-hoc communications with management of the area under review should be excluded from the workpapers.
  • B. Both draft and final versions of workpapers should be saved at the end of the engagement
  • C. The internal auditor's workpapers are the primary reference for reported control deficiencies.
  • D. Audit reports should include the workpapers as a reference for the audit conclusions.

Answer: C

Explanation:
According to the Institute of Internal Auditors (IIA) guidance, workpapers are crucial for documenting the evidence that supports audit findings and conclusions. They serve as the primary reference for any reported control deficiencies, providing detailed documentation and justification for the audit results. Workpapers must be thorough and clearly demonstrate the basis for audit observations and recommendations. While audit reports summarize findings, the detailed support for these findings is found within the workpapers.
Reference:
The Institute of Internal Auditors (IIA), International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2330: Documenting Information.
IIA Practice Guide, "Audit Workpapers."


NEW QUESTION # 373
In order to obtain background information on an assigned audit of data center operations an internal auditor administers control questionnaires to select individuals who have primary responsibilities within the process. Which of the following is a drawback of this approach?

  • A. It will be difficult to quantify the information obtained through this approach
  • B. It takes the auditor a long time to assess the relevant controls using this approach
  • C. This approach does not help the auditor learn about the existence of controls
  • D. Information on control functionality is limited

Answer: D

Explanation:
Administering control questionnaires to individuals with primary responsibilities in the process can yield valuable information about processes and controls. However, one significant drawback is that the information gathered may be limited regarding the actual functionality of the controls. This approach relies on the respondents' knowledge and perceptions, which may not accurately reflect the effectiveness of the controls in practice. Moreover, respondents might not fully understand the auditor's intentions or may provide biased or incomplete information, thereby limiting the depth of insights into how controls function in real-world scenarios.
Reference:
IIA Standard 2201: Planning Considerations
IIA Practice Guide: Assessing the Adequacy of Risk Management Processes


NEW QUESTION # 374
As part of a preliminary survey of the purchasing function, an internal auditor reads the department's policies and procedures manual and concludes that the manual describes the processing steps clearly and contains an appropriate internal control design. The next engagement objective is to evaluate the operating effectiveness of internal controls. Which procedure would fulfill this objective most effectively?

  • A. Perform a systems test.
  • B. Perform a design test.
  • C. Perform an efficiency test.
  • D. Perform a compliance test.

Answer: D

Explanation:
Section: Volume C


NEW QUESTION # 375
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