Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing Free Practice Exam Questions

295 real Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing exam questions with answers and AI explanations. IIA certification prep — page 5 of 30.

1. Question 41: A company has recently incurred significant cost overruns on one of its construction projects. Management suspects that these overruns were caused by the contr…
2. Question 42: Which of the following is the first step in the process where auditors and clients work together to evaluate the clients' system of internal control?
3. Question 43: An organization has adopted an enterprise-wide risk management process and has appointed a chief risk officer (CRO) to manage the process. The board has reques…
4. Question 44: The chief audit executive (CAE) of a new organization is in the process of determining the manner in which audit reports will be distributed and to whom. Accor…
5. Question 45: An organization has acquired a new line of business. None of the organization's internal auditors have the required expertise to perform an internal audit of t…
6. Question 46: A payroll clerk enters payroll transactions into the general ledger. The staff accountant reconciles the payroll ledgers. The payroll manager issues the manual…
7. Question 47: According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal a…
8. Question 48: During an audit of the accounts receivable (AR) process, an internal auditor noted that reconciliations are still not performed regularly by the AR staff, a re…
9. Question 49: New credit policies have been implemented in an automated order-entry system to improve the collection of receivables. Sales management has compiled several ex…
10. Question 50: Which of the following would be a red flag that indicates the possibility of inventory fraud? I. The controller has assumed responsibility for approving all pa…