VALID IIA-CIA-PART2 TEST QUESTION | RELIABLE IIA-CIA-PART2 EXAM PRACTICE

Valid IIA-CIA-Part2 Test Question | Reliable IIA-CIA-Part2 Exam Practice

Valid IIA-CIA-Part2 Test Question | Reliable IIA-CIA-Part2 Exam Practice

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Obtaining the CIA designation is highly valued by employers and can lead to better job opportunities and higher salaries. Practice of Internal Auditing certification demonstrates a candidate's commitment to their profession and their ability to meet the standards set by the Institute of Internal Auditors (IIA). Passing the IIA-CIA-Part2 Exam is a crucial step towards achieving this certification and advancing in the field of internal auditing.

Passing the IIA-CIA-Part2 exam is a great achievement and can open up new career opportunities for individuals in the field of internal auditing. Certification holders are recognized by employers and peers as having a strong understanding of internal auditing principles and practices. Additionally, certification holders are required to participate in continuing education activities to maintain their certification, ensuring that they stay up-to-date with the latest developments in the field.

>> Valid IIA-CIA-Part2 Test Question <<

IIA-CIA-Part2 Exam Valid Test Question & Useful Reliable IIA-CIA-Part2 Exam Practice Pass Success

Failure in the IIA-CIA-Part2 test of the Practice of Internal Auditing credential leads to loss of time and money. Therefore preparing with Practice of Internal Auditing actual test questions matters a lot to save time and money. The prep material of ExamsLabs comes in three different formats so that users with different study styles can prepare with ease. We have made this Practice of Internal Auditing product after taking feedback of experts so that applicants can prepare for the IIA IIA-CIA-Part2 Exam successfully.

Individuals who successfully pass the IIA-CIA-Part2 Exam are recognized as knowledgeable and skilled professionals in the field of internal auditing. Practice of Internal Auditing certification provides individuals with an opportunity to advance their careers and earn higher salaries. It also demonstrates a commitment to the profession and a dedication to maintaining the highest standards of integrity and professionalism.

IIA Practice of Internal Auditing Sample Questions (Q191-Q196):

NEW QUESTION # 191
Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?

  • A. An employee's reported concerns.
  • B. Incentives and bonus programs.
  • C. Lack of an ethics policy.
  • D. Improper segregation of duties.

Answer: A

Explanation:
Section: Volume E


NEW QUESTION # 192
Which of the following would be the best audit procedure to use to determine if a division's unusually high sales and gross margin for November and December were the result of fraudulently recorded sales?

  • A. Compare sales and gross margin totals with those of the previous ten months and the first month of the following year.
  • B. Use regression analysis techniques to estimate the sales and cost of goods sold for November and December.
  • C. Trace a sample of shipping documents to related sales invoices to verify proper billing.
  • D. Confirm accounts receivable balances with customers.

Answer: D


NEW QUESTION # 193
An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?

  • A. Verifying the existence of inventory items in each warehouse
  • B. Assigning the tolerable deviation rate to determine the sample size
  • C. Confirming that the purchased items are recorded In the correct period
  • D. Valuating the obsolete Inventory from all the warehouse locations

Answer: D

Explanation:
During an inventory audit, the activity that would most benefit from the use of computerized audit tools (CAATs) is valuating the obsolete inventory from all the warehouse locations. CAATs can efficiently analyze large volumes of inventory data from multiple warehouses, identify patterns and trends, and automate the valuation process, making it more accurate and less time-consuming compared to manual methods.
Reference:
IIA Standards: 1210.A3 - Proficiency in the Use of CAATs
IIA Practice Guide: Use of Technology in Auditing


NEW QUESTION # 194
According to HA guidance, which of the following statements regarding audit workpapers is true?

  • A. The internal auditor's workpapers are the primary reference for reported control deficiencies.
  • B. Audit reports should include the workpapers as a reference for the audit conclusions.
  • C. Ad-hoc communications with management of the area under review should be excluded from the workpapers.
  • D. Both draft and final versions of workpapers should be saved at the end of the engagement

Answer: D


NEW QUESTION # 195
According to HA guidance, which of the following statements regarding audit workpapers is true?

  • A. Audit reports should include the workpapers as a reference for the audit conclusions.
  • B. The internal auditor's workpapers are the primary reference for reported control deficiencies.
  • C. Ad-hoc communications with management of the area under review should be excluded from the workpapers.
  • D. Both draft and final versions of workpapers should be saved at the end of the engagement

Answer: B

Explanation:
According to the Institute of Internal Auditors (IIA) guidance, workpapers are crucial for documenting the evidence that supports audit findings and conclusions. They serve as the primary reference for any reported control deficiencies, providing detailed documentation and justification for the audit results. Workpapers must be thorough and clearly demonstrate the basis for audit observations and recommendations. While audit reports summarize findings, the detailed support for these findings is found within the workpapers.
Reference:
The Institute of Internal Auditors (IIA), International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2330: Documenting Information.
IIA Practice Guide, "Audit Workpapers."


NEW QUESTION # 196
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