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[Hardware] Formal IIA-CIA-Part2 Test - IIA-CIA-Part2 Practice Tests

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【Hardware】 Formal IIA-CIA-Part2 Test - IIA-CIA-Part2 Practice Tests

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2026 Latest Prep4sureGuide IIA-CIA-Part2 PDF Dumps and IIA-CIA-Part2 Exam Engine Free Share: https://drive.google.com/open?id=13JMOm_PuYby4TeBBVv4w_RJSSDdk7gmB
There are Practice of Internal Auditing (IIA-CIA-Part2) exam questions provided in Practice of Internal Auditing (IIA-CIA-Part2) PDF questions format which can be viewed on smartphones, laptops, and tablets. So, you can easily study and prepare for your Practice of Internal Auditing (IIA-CIA-Part2) exam anywhere and anytime. You can also take a printout of these IIA PDF Questions for off-screen study. To improve the Practice of Internal Auditing (IIA-CIA-Part2) exam questions, Prep4sureGuide always upgrades and updates its IIA-CIA-Part2 dumps PDF format and it also makes changes according to the syllabus of the Practice of Internal Auditing (IIA-CIA-Part2) exam.
IIA-CIA-Part2 certification exam, also known as the Practice of Internal Auditing, is offered by the Institute of Internal Auditors (IIA) to professionals seeking to enhance their knowledge and skills in the field of internal auditing. IIA-CIA-Part2 Exam is designed to test the candidate's understanding of essential internal auditing practices and principles, including risk management, control frameworks, and governance.
Quiz 2026 Updated IIA IIA-CIA-Part2: Formal Practice of Internal Auditing TestThese IIA-CIA-Part2 exam question formats contain real, valid, and updated IIA IIA-CIA-Part2 exam questions that will assist you in IIA Practice of Internal Auditing exam preparation and enable you to pass the challenging IIA IIA-CIA-Part2 Exam with good scores. The IIA IIA-CIA-Part2 questions are prepared by highly experienced professionals and, thus, are kept to the point and concise.
The Practice of Internal Auditing exam, IIA-CIA-Part2, is the second part of the three-part CIA certification program. IIA-CIA-Part2 exam covers topics such as internal audit governance, risk management, fraud risks, and controls, and the internal audit process. IIA-CIA-Part2 Exam is designed to assess the candidate's ability to apply the principles of internal auditing to real-world scenarios.
IIA Practice of Internal Auditing Sample Questions (Q589-Q594):NEW QUESTION # 589
An internal auditor s examination of accounts receivable generates the following results:

What is the projected misstatement for the population if ratio estimation is used?
  • A. $700,000
  • B. $238,095
  • C. $2100.000
  • D. $84,000
Answer: C
Explanation:
To determine the projected misstatement for the population using ratio estimation, the following calculation can be used:
Projected Misstatement=(Sample MisstatementSample Book Value)
×Population Book ValueProjected Misstatement=(Sample Book ValueSample Misstatement)
×Population Book Value
Given:
* Sample Misstatement = $420,000
* Sample Book Value = $12,000,000
* Population Book Value = $20,000,000
Projected Misstatement=(420,00012,000,000)×20,000,000Projected Misstatement=(12,000,000420,000)×20,
000,000
Projected Misstatement=0.035×20,000,000=700,000Projected Misstatement=0.035×20,000,000=700,000 Therefore, the projected misstatement is $700,000.
References:
* IIA Standards: 2320 - Analysis and Evaluation
* IIA Practice Guide: Statistical Sampling

NEW QUESTION # 590
Which of the following actions best describes an internal auditor's use of test data to determine whether an organization's new accounts payable system avoids processing questionable invoices for payment?
  • A. Adding invoices to the computer program to assess the reliability and effectiveness of the review process and whether controls work.
  • B. Creating an automated tool that monitors the computer program on a daily basis for potential issues that need corrective actions.
  • C. Embedding tools in the computer program to analyze the review processes of invoices for potential issues that may hamper payments
  • D. Using an automated system that assists internal auditors with automating the risk analysis of the computer program for invoicing
Answer: A
Explanation:
Adding invoices to the computer program to assess the reliability and effectiveness of the review process and whether controls work best describes an internal auditor's use of test data. This approach involves introducing test data into the system to evaluate how well the system processes invoices and whether it effectively identifies and prevents questionable invoices from being processed for payment.
References:
* IIA Standards: 1220.A2 - Proficiency and Due Professional Care
* IIA Practice Guide: Use of Technology in Auditin

NEW QUESTION # 591
An internal audit team was conducting an assurance engagement to review segregation of duties in the purchasing function. The internal auditors reviewed a sample of purchase orders from the past two year and discovered that 2 percent were signed by employees who were operating in a designated acting capacity due to employee absence. According to IIA guidance, which of the following attributes of information would most likely assist the auditor in deciding whether to report this finding?
  • A. Usefulness
  • B. Sufficiency
  • C. Reliability
  • D. Relevance
Answer: B
Explanation:
When deciding whether to report a finding, the sufficiency of the information is critical. Sufficiency refers to the quantity of information obtained to support audit conclusions and recommendations. In this case, the internal auditors need to ensure that the sample size and the evidence collected are adequate to demonstrate that the issue of employees signing purchase orders in a designated acting capacity due to employee absence is significant enough to report. Ensuring sufficiency helps validate that the finding is well-supported and justifies its inclusion in the audit report.
:
The Institute of Internal Auditors (IIA) - Standards for the Professional Practice of Internal Auditing, Standard
2310 - Identifying Information

NEW QUESTION # 592
When creating the internal audit plan, the chief audit executive should prioritize engagements based primarily on which of the following?
  • A. The longest interval since the last examination of each audit universe item.
  • B. The auditable areas required by regulatory agencies.
  • C. Requests from senior management and the board.
  • D. The last available risk assessment.
Answer: D
Explanation:
The IIA Standards emphasize that the chief audit executive (CAE) should develop the internal audit plan based on a thorough assessment of risks facing the organization. This risk-based approach ensures that the most significant and relevant areas are prioritized. While input from senior management and regulatory requirements are also important, the primary driver should be the most recent and comprehensive risk assessment. Reference:
IIA Standards - 2010: Planning
IIA Practice Guide - Developing the Risk-based Internal Audit Plan

NEW QUESTION # 593
According to the International Professional Practices Framework, which of the following is an appropriate reason for issuing an interim report?
To keep management informed of audit progress when audit engagements extend over a long period of time.
To provide an alternative to a final report for limited-scope audit engagements.
To communicate a change in engagement scope for the activity under review.
  • A. 1, 2, and 3.
  • B. 1 and 2 only.
  • C. 1 and 3 only.
  • D. 2 and 3 only.
Answer: C
Explanation:
According to the International Professional Practices Framework (IPPF), issuing an interim report is appropriate for keeping management informed of audit progress, especially when audit engagements extend over a long period of time, and for communicating any significant changes in the scope of the engagement.
Interim reports serve as a means of maintaining transparency with management and ensuring that any adjustments to the audit plan are communicated promptly.
IIA References:
* IIA Standard 2440: Disseminating Results allows for interim reporting when there is a need to communicate significant findings or changes in scope before the final report is issued. This ensures that management remains informed of critical issues that may impact the audit or the organization.
* The Practice Guide on Communicating Interim Results suggests that interim reports are useful for providing updates during long engagements or when there are significant changes in the engagement's scope that management needs to be aware of.

NEW QUESTION # 594
......
IIA-CIA-Part2 Practice Tests: https://www.prep4sureguide.com/IIA-CIA-Part2-prep4sure-exam-guide.html
2026 Latest Prep4sureGuide IIA-CIA-Part2 PDF Dumps and IIA-CIA-Part2 Exam Engine Free Share: https://drive.google.com/open?id=13JMOm_PuYby4TeBBVv4w_RJSSDdk7gmB
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