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IIA IIA-CIA-Part2 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Engagement Supervision and Communication	10%	- Supervise engagement activities and review workpapers - Formulate recommendations and action plans - Monitor and follow up on engagement outcomes - Coordinate with stakeholders and resolve issues - Develop and communicate engagement observations and conclusions
Topic 2: Information Gathering, Analysis and Evaluation	40%	- Assess compliance with policies, standards, and requirements - Use technology and audit tools effectively - Evaluate controls, risks, and process effectiveness - Apply analytical procedures and data analysis techniques - Gather and verify relevant information and evidence
Topic 3: Engagement Planning	50%	- Consider fraud risks and applicable laws/regulations - Develop engagement work program - Determine engagement objectives and scope - Identify and assess risks relevant to the engagement - Establish engagement criteria and resource requirements

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IIA Internal Audit Engagement Sample Questions (Q47-Q52):

NEW QUESTION # 47
In a sampling application, the group of items about which the auditor wants to estimate some characteristic is called the:

A. Sampling unit.
B. Sample.
C. Population.
D. Attribute of interest.

Answer: C

NEW QUESTION # 48
Which of the following conditions is the strongest indicator of possible fraud?

A. An assistant treasurer who refuses to take vacations.
B. Independent reconciliations of subsidiary to general ledgers that are not always completed on a timely basis.
C. A manager who is often over budget at the end of a reporting period.
D. A condition of excess manufacturing waste material.

Answer: A

Explanation:
Section: Volume A

NEW QUESTION # 49
Which of the following should internal auditors document in the workpapers to indicate a potential engagement finding where further evaluation is required?

A. The difference between condition and cause.
B. The difference between condition and criteria.
C. The difference between cause and criteria.
D. The difference between cause and effect.

Answer: B

Explanation:
Option A is correct. Standard 14.2 defines the core analytical step in developing a potential engagement finding: the auditor compares the criteria , meaning the expected or desired state, with the condition , meaning the actual state identified through audit evidence. When a difference exists between these two elements, that difference represents a potential engagement finding that must be documented and further evaluated. The auditor then assesses matters such as root cause, effect, significance, and appropriate corrective action. Options B, C, and D incorrectly compare elements that do not establish whether actual performance deviates from the required or expected standard. Cause explains why a condition occurred, while effect describes its consequence. Neither substitutes for the fundamental criteria-versus-condition comparison.
Therefore, A directly matches the methodology prescribed by the Global Internal Audit Standards.

NEW QUESTION # 50
Management asks the chief audit executive (CAE) to allocate an internal auditor as a non-voting member of a steering committee. The committee will oversee the implementation of a significant and confidential acquisition. Which of the following should guide the CAE's selection?

A. To select a candidate capable of conveying internal audit strategy even without voting status
B. To select a candidate who can be trusted to gather sensitive information on the acquisition
C. To self-assign as only the CAE has authority to express opinions and offer advice to committee members
D. To select a candidate who has prior experience in mergers or the completion of due diligence of entities

Answer: D

Explanation:
According to Implementation Guidance on Independence and Objectivity (Standard 1110), internal auditors may serve in advisory roles as long as they avoid assuming management responsibility. If the CAE assigns a representative to a sensitive steering committee, the choice should be based on relevant expertise and experience to add value without compromising independence. Option D is correct: selecting an auditor with prior experience in mergers or due diligence ensures competence while maintaining objectivity.
Options A and B confuse the role of the auditor with gathering intelligence or strategy promotion. Option C is incorrect, as participation does not require only the CAE.

NEW QUESTION # 51
An audit engagement objective at a manufacturer is to determine the quality of raw materials purchased. Which of the following actions would best enable an internal auditor to satisfy this objective?

A. Analyze the percentage of scrap incurred during production.
B. Evaluate the volume and characteristics of products rejected during processing.
C. Analyze the provision for sales allowances.
D. Research the rationale for customer returns.

Answer: B

NEW QUESTION # 52
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