Free Access IIA.IIA-CIA-Part2.v2024-12-09.q342 Practice Test (Page 16)

Question 71

After completing a fraud investigation but before publishing a formal written report, the chief audit executive should submit a draft of the final report to the organization's:

A.Legal counsel.

B.External auditor.

C.Audit committee chairperson.

D.Chief executive officer.

Question 72

Which of the following engagement supervision activities should be performed first?

A.Ensure that internal audit recommendations are practical, cost-effective, and value-added

B.Ensure that internal audit conclusions am based on sufficient and reliable evidence

C.Ensure that risks to the timely completion of the engagement are assessed

D.Ensure that performance assessments are completed for audit team members

Question 73

Which of the following is the primary reason for internal auditors to conduct interim communications with management of the area under review?

A.To demonstrate good project oversight

B.To demonstrate internal auditor proficiency

C.To follow up on previously requested information

D.To provide timely discussion of results

Question 74

In which of the following situations would an internal auditor consider the need to outsource competencies and skills9

A.An audit team member is allocated to conduct an assurance engagement m the sales unit. However, the same auditor performed an assurance engagement in that area just one year prior

B.The auditor believes that the audit client's actions contradict the organization's code of conduct The audit client disagrees and says his actions are for the organization's benefit

C.During an inventory count, the auditor ascertained that some goods were missing. The audit client argues that the auditor does not understand how inventory should be counted

D.During the inspection of a wind turbine. an internal auditor notices that some replaced parts took used According to purchase documents, the parts still have a long lifespan.

Question 75