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IIA-CIA-Part2 Exam Dumps : Practice of Internal Auditing

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IIA IIA-CIA-Part2 Exam Dumps FAQs

Q. # 1: What is the IIA IIA-CIA-Part2 Exam?

The IIA IIA-CIA-Part2 Exam, also known as the Certified Internal Auditor Part 2, focuses on conducting the internal audit engagement. It tests candidates knowledge and skills in managing the internal audit activity, planning the engagement, performing the engagement, and communicating engagement results.

Q. # 2: Who should take the IIA CIA Part 2 Exam?

The IIA IIA-CIA-Part2 Exam is ideal for internal audit professionals seeking to validate their skills in conducting internal audit engagements. It's also relevant for individuals aspiring for internal audit careers and those looking to strengthen their knowledge of internal audit practices.

Q. # 3: What topics are covered in the IIA CIA Part 2 Exam?

The IIA IIA-CIA-Part2 Exam focuses on four key domains:

  • Managing the Internal Audit Activity: This covers establishing and maintaining an internal audit department, including quality assurance and continuous improvement.
  • Planning the Engagement: This domain assesses your ability to plan, scope, and budget internal audit engagements effectively.
  • Performing the Engagement: Here, you'll be tested on conducting audit procedures, gathering evidence, and evaluating internal controls.
  • Communicating Engagement Results and Monitoring Progress: This section focuses on effectively communicating audit findings, recommendations, and monitoring their implementation.

Q. # 4: How many questions are on the IIA IIA-CIA-Part2 Exam?

The IIA IIA-CIA-Part2 Exam consists of 100 multiple-choice questions.

Q. # 5: How long is the IIA IIA-CIA-Part2 Exam?

The IIA IIA-CIA-Part2 Exam duration is 2 hours (120 minutes).

Q. # 6: What is the passing score for the IIA IIA-CIA-Part2 Exam?

The passing score for the IIA IIA-CIA-Part2 Exam is 600 out of 750.

Q. # 7: What is the difference between IIA IIA-CIA-Part2 and IIA-CIA-Part3 Exams?

The key differences between the IIA IIA-CIA-Part2 and IIA-CIA-Part3 exams lie in their content focus and the areas they test within the Certified Internal Auditor (CIA) certification program:

  • IIA IIA-CIA-Part2 Exam: The IIA IIA-CIA-Part2 Exam, known as Practice of Internal Auditing, focuses on the practical aspects of conducting internal audits. It tests candidates' knowledge of managing internal audit activities, planning, executing, and communicating audit results.
  • IIA IIA-CIA-Part3 Exam: The IIA IIA-CIA-Part3 Exam, known as Business Knowledge for Internal Auditing, covers a broader range of topics, including business acumen, information security, information technology, and financial management. It emphasizes the internal auditor's role in understanding and integrating business operations into audit activities.

Q. # 8: How can CertsTopics help me prepare for the IIA IIA-CIA-Part2 Exam?

CertsTopics provides comprehensive IIA IIA-CIA-Part2 exam dumps, practice tests, and detailed questions and answers that mirror the real exam environment. The IIA-CIA-Part2 practice test increase your chances of passing with our success guarantee.

Q. # 9: Does CertsTopics offer a refund policy for IIA IIA-CIA-Part2 study materials?

Yes, CertsTopics offers a refund policy in case a candidate does not pass the IIA-CIA-Part2 exam after using our IIA IIA-CIA-Part2 exam dumps and practice tests material.

Q. # 10: What kind of support does CertsTopics offer for IIA IIA-CIA-Part2 exam preparation?

CertsTopics offers 24/7 customer support, ensuring that candidates can access help whenever needed. We also offer a success guarantee with our IIA IIA-CIA-Part2 exam questions.

Q. # 11: How often is the IIA IIA-CIA-Part2 Exam updated?

The IIA regularly updates the IIA IIA-CIA-Part2 exam content to reflect the latest IIA IIA-CIA-Part2 exam practices and standards in internal auditing. CertsTopics keeps its IIA-CIA-Part2 study guide up to date accordingly.

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Practice of Internal Auditing Questions and Answers

Question 1

The chief risk officer (CRO) of a large manufacturing organization decided to facilitate a workshop for process managers and staff to identify opportunities for improving productivity and reducing defects. Which of the following is the most likely reason the CRO chose the workshop approach?

Options:

A.

It minimizes the amount of time spent and cost incurred to gather the necessary information.

B.

Responses can be confidential, thus encouraging participants to be candid expressing their concerns.

C.

Workshops do not require extensive facilitation skills and are therefore ideal for nonauditors.

D.

Workshop participants have an opportunity to learn while contributing ideas toward the objectives.

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Question 2

According to IIA guidance, which of the following actions might place the independence of the internal audit function in jeopardy?

Options:

A.

Having no active role or involvement in the risk management process.

B.

Auditing the risk management process for reasonableness.

C.

Coordinating and managing the risk management process.

D.

Participating with management in identifying and evaluating risks.

Question 3

According to the Standards, which of the following is leastimportant in determining the adequacy of an annual audit plan?

Options:

A.

Sufficiency.

B.

Appropriateness.

C.

Effective deployment.

D.

Cost effectiveness.