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IIA-CIA-Part2 certification exam, also known as the Practice of Internal Auditing, is an important certification for individuals who want to advance their careers in internal auditing. Internal Audit Engagement certification is offered by the Institute of Internal Auditors (IIA), which is a global organization dedicated to providing guidance and support to internal auditors around the world.
IIA-CIA-Part2 Exam, also known as the Practice of Internal Auditing, is one of the three exams required to become a Certified Internal Auditor (CIA). IIA-CIA-Part2 Exam covers a range of topics related to internal auditing, including governance and risk management, communication skills, and business processes. It is designed to test the candidate's knowledge of the principles, practices, and standards of internal auditing.
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2026 IIA-CIA-Part2: Latest New Internal Audit Engagement Exam Price
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What are the requirements to take an IIA CIA Part 2 Exam?
To take the IIA CIA Part 2 Exam, you must:
Apply for and obtain endorsement from your local IIA Institute chapter.
Be able to complete the certification application and attest to your eligibility requirements.
Have a bachelor's degree or greater from an accredited institution OR have three years (36 months) of professional business experience in internal auditing. You can also qualify for one of the IIA certifications if you're a member of a partner association.
Pass the required certification exam(s).
IIA Internal Audit Engagement Sample Questions (Q304-Q309):
NEW QUESTION # 304
In forming a team to investigate an organization's potential adoption of an activity-based costing system, the best reason to include an internal auditor on the team would be the auditor's knowledge of:
- A. Activities and cost drivers.
- B. Information processing procedures.
- C. Internal control alternatives.
- D. Current product cost structures.
Answer: C
NEW QUESTION # 305
An internal audit activity is participating in the due diligence work for an acquisition that a
company is considering. One engagement objective is to determine if the acquisition's accounts payable contain all outstanding liabilities. Which of the following audit procedures would not be relevant for this objective?
- A. Examine supporting documentation of subsequent (after-period) cash disbursements and verify period of liability.
- B. Send confirmations, including zero-balance accounts, to vendors with whom the company normally does business.
- C. Trace receiving reports issued before the period end to the related vendor invoices and accounts payable list.
- D. Select a sample of accounts payable from the accounts payable list and verify the supporting receiving reports, purchase orders, and invoices.
Answer: D
NEW QUESTION # 306
According to the Standards, which of the following would least likely be considered a red flag when evaluating the risk for fraud?
- A. It is alleged that an employee is receiving vendor kickbacks.
- B. An employee did not approve an internal report detailing expenses for the month.
- C. Health benefits are detected to be claimed for a deceased employee.
- D. Cash receipts appear to be lower than expected from an employee's cash drawer.
Answer: B
NEW QUESTION # 307
The internal audit activity can be involved with systems development continuously, immediately prior to implementation, after implementation, or not at all. An advantage of continuous internal audit involvement compared to the other types of involvement is that:
- A. The cost of audit involvement can be minimized.
- B. There are clearly defined points at which to issue audit comments.
- C. Redesign costs can be minimized.
- D. The threat of lack of audit independence can be minimized.
Answer: C
Explanation:
Section: Volume B
NEW QUESTION # 308
Production managers for a manufacturing company are authorized to prepare emergency purchase orders for raw materials. These manually prepared orders do not go through the purchasing department and do not require a receiving report. The managers forward the invoice and purchase order to the accounting department for payment. Which of the following internal controls would efficiently prevent abuse of this system?
- A. Review the level of safety stock.
- B. Require a manual receiving report from the warehouse prior to payment.
- C. Forbid the use of emergency purchase orders.
- D. Institute a company policy requiring rotation of orders among several suppliers.
Answer: B
NEW QUESTION # 309
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