Free IIA IIA-CIA-Part2 Exam Dumps and IIA-CIA-Part2 Exam Questions

Question No: 1

MultipleChoice

An organization's internal auditors are reviewing production costs at a gas-powered electrical generating plant. They identify a serious problem with the accuracy of carbon dioxide emissions reported to the environmental regulatory agency, due to computer errors. The auditors should immediately report the concern to:

Options

AThe regulatory agency.

BPlant management.

CA plant health and safety officer.

DThe risk management function.

Question No: 2

MultipleChoice

A manufacturing process could create hazardous waste at several production stages, from raw materials handling to finished goods storage. If the objective of a pollution prevention audit engagement is to identify opportunities for minimizing waste, in what order should the following opportunities be considered?

1. Recycling and reuse.

2. Elimination at the source.

4. Energy conservation.

5. Recovery as a usable product Treatment.

Options

AV, II, IV, I, III.

BIV, II, I, III, V.

CI, III, IV, II, V.

DIII, IV, II, V, I.

Question No: 3

MultipleChoice

When internal auditors provide consulting services, the scope of the engagement is primarily determined by:

Options

AInternal auditing standards.

BThe audit engagement team.

CThe engagement client.

DThe internal audit activity's charter.

Question No: 4

MultipleChoice

An audit of management's quality program includes testing the accuracy of the cost-of-quality reports provided to management. Which of the following internal control objectives is the focus of this testing?

Options

ATo ensure compliance with policies, plans, procedures, laws, and regulations.

BTo ensure the accomplishment of established objectives and goals for operations or programs.

CTo ensure the reliability and integrity of information.

DTo ensure the economical and efficient use of resources.

Question No: 5

MultipleChoice

An internal auditor is assigned to conduct an audit of security for a local area network (LAN) in the finance department of the organization. Investment decisions, including the use of hedging strategies and financial derivatives, use data and financial models which run on the LAN. The LAN is also used to download data from the mainframe to assist in decisions. Which of the following should be considered outside the scope of this security audit engagement?

Options

AInvestigation of the physical security over access to the components of the LAN.

BThe ability of the LAN application to identify data items at the field or record level and implement user access security at that level.

CInterviews with users to determine their assessment of the level of security in the system and the vulnerability of the system to compromise.

DThe level of security of other LANs in the company which also utilize sensitive data.

Question No: 6

MultipleChoice

Which of the following situations might allow an employee to steal checks sent to an organization and subsequently cash them?

Options

AChecks are not restrictively endorsed when received.

BOnly one signature is required on the organization's checks.

COne employee handles both accounts receivable and purchase orders.

DOne employee handles both cash deposits and accounts payable.

Question No: 7

MultipleChoice

The most effective way for internal auditors to enhance the reliability of computerized financial and operating information is by:

Options

ADetermining if controls over record keeping and reporting are adequate and effective.

BReviewing data provided by information systems to test compliance with external requirements.

CDetermining if information systems provide management with timely information.

DDetermining if information systems provide complete information.

Question No: 8

MultipleChoice

Which of the following procedures would provide the best evidence of the effectiveness of a credit-granting function?

Options

AObserve the process.

BReview the trend in receivables write-offs.

CAsk the credit manager about the effectiveness of the function.

DCheck for evidence of credit approval on a sample of customer orders.

Question No: 9

MultipleChoice

During an operational audit of a chain of pizza delivery stores, an auditor determined that cold pizzas were causing customer dissatisfaction. A review of oven calibration records for the last six months revealed that adjustments were made on over 40 percent of the ovens. Based on this, the auditor:

Options

AHas enough evidence to conclude that improperly functioning ovens are the cause.

BNeeds to conduct further inquiries and reviews to determine the impact of the oven variations on the pizza temperature.

CHas enough evidence to recommend the replacement of some of the ovens.

DMust search for another cause since approximately 60 percent of the ovens did not require adjustment.

Question No: 10

MultipleChoice

When assessing the risk associated with an activity, an internal auditor should:

Options

ADetermine how the risk should best be managed.

BProvide assurance on the management of the risk.

CModify the risk management process based on risk exposures.

DDesign controls to mitigate the identified risks.

Free IIA-CIA-Part2 Exam Dumps