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IIA IIA-CIA-Part2 Exam Overview:
| Certification Vendor: | IIA |
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| Exam Name: | Certified Internal Auditor (CIA) Part 2 – Practice of Internal Auditing |
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| Exam Number: | IIA-CIA-Part2 |
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| Certificate Validity Period: | CIA certification requires ongoing CPE; no fixed expiry for exam results within 3-year program window |
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| Real Exam Qty: | 100 |
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| Exam Price: | USD 280 (IIA Member) / USD 415 (Non-Member) / USD 215 (Student) |
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| Available Languages: | Chinese (Simplified), Turkish, Japanese, Russian, German, Spanish, French, Portuguese, Korean, English |
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| Passing Score: | 600 (scaled score, range 250-750) |
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| Exam Duration: | 120 minutes |
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| Exam Format: | Multiple-choice |
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| Related Certifications: | Certified Internal Auditor (CIA) |
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| Sample Questions: | IIA IIA-CIA-Part2 Sample Questions |
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| Exam Way: | Computer-based testing at Pearson VUE testing centers worldwide; also available via online proctored delivery |
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| Pre Condition: | Candidates must hold an active CIA program enrollment. A bachelor's degree (or equivalent) and relevant internal audit experience are required for full CIA certification. Part 1 must typically be completed before or concurrently with Part 2. |
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| Official Syllabus URL: | https://www.theiia.org/globalassets/site/certifications/certified-internal-auditor/cia-part-2-syllabus.pdf |
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IIA-CIA-Part2 exam is an essential certification that focuses on the Practice of Internal Auditing. IIA-CIA-Part2 Exam is designed to evaluate the candidate's knowledge and expertise in the field of internal auditing. Internal Audit Engagement certification is offered by the Institute of Internal Auditors (IIA) and is recognized worldwide.
IIA Internal Audit Engagement Sample Questions (Q551-Q556):
NEW QUESTION # 551
During a consulting engagement, an internal auditor identifies new risks which will impact the scope and sufficiency of the engagement audit plan. According to the Standards, the internal auditor should:
- A. Continue the engagement but highlight the impacts on the audit scope in the final report.
- B. End the engagement, as the audit scope is no longer sufficient to meet the audit objective.
- C. Discuss the potential impact on the scope with the client.
- D. Modify the scope to incorporate the new risks and continue the engagement.
Answer: C
NEW QUESTION # 552
During a fraud interview, it was discovered that unquestioned authority enabled a vice president to steal funds from the organization. Which of the following best describes this condition?
- A. Rationalization.
- B. Scheme.
- C. Pressure.
- D. Opportunity.
Answer: D
Explanation:
In the context of the fraud triangle, the condition where a vice president's unquestioned authority enabled the theft of funds is best described as "opportunity." Opportunity refers to the circumstances that allow fraud to occur, including the ability to override controls or exploit a lack of oversight. This is one of the three elements of the fraud triangle, which also includes rationalization and pressure. Reference: IIA Practice Guide - Fraud and Internal Audit, COSO Fraud Risk Management Guide
NEW QUESTION # 553
An internal auditor wants to determine whether employees are complying with the information security policy, which prohibits leaving sensitive information on employee desks overnight. The auditor checked a sample of
90 desks and found eight that contained sensitive information. How should this observation be reported, if the organization tolerates 4 percent noncompliance?
- A. The incidents of noncompliance fall outside the acceptable tolerance limit and require immediate corrective action, as opposed to reporting.
- B. The deviations are within the acceptable tolerance limit, so the matter only needs to be reported to the information security manager.
- C. The incidents of noncompliance exceed the tolerance level and should be included in the final engagement report.
- D. The matter does not need to be reported, because the noncompliant findings fall within the acceptable tolerance limit.
Answer: C
NEW QUESTION # 554
A limitation of using ratio analysis in an audit engagement is that it:
- A. Often uses financial information provided by management which has not been reviewed for reliability and validity.
- B. Is useful only when comparisons can be made across other industries.
- C. Requires computer software in order to develop meaningful interpretations of data.
- D. Is an expensive method of testing.
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 555
According to IIA guidance, which of the following statements regarding the internal audit charter is true?
- A. The charter typically defines the internal audit activity's position within the organization.
- B. The nature of assurances provided to parties outside of the organization typically is not included in the charter.
- C. The nature of consulting services typically is not included in the charter.
- D. The chief audit executive must formally review the charter at least once a year
Answer: A
Explanation:
The internal audit charter outlines the internal audit activity's purpose, authority, and responsibility within the organization.
It defines the internal audit activity's position within the organization, including reporting lines, independence, and access to records, personnel, and physical properties relevant to the performance of engagements.
This clarity helps ensure that the internal audit activity can operate independently and effectively
NEW QUESTION # 556
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