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 6 of 30.

1. Question 51: A major insurance company provides a discount on automobile insurance if the vehicle meets certain safety criteria. Which of the following audit tests would pr…
2. Question 52: A recent survey indicated that residents of a small town take the train to a nearby city eight times per month, on average. The same survey showed that the num…
3. Question 53: An internal auditor notices that a division has recorded uncharacteristically high sales and gross margins for the past three months and now suspects the divis…
4. Question 54: Which of the followings statements describes a best practice regarding assurance engagement communication activities?
5. Question 55: Which characteristic of risk assessment makes it a useful tool for audit planning?
6. Question 56: According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?
7. Question 57: The internal auditor is asked to conduct an investigation involving a suspected fraud. According to the Standards, which of the following statements regarding…
8. Question 58: The chief audit executive of a large publicly held bank is using a risk based approach to update the annual audit plan. Which of the following sources of infor…
9. Question 59: According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?
10. Question 60: What would be used to determine the collectability of accounts receivable balances?