Attainable Sustainable Academy

Chris King Chris King

0 Course Enrolled • 0 Course Completed

Biography

New IIA-CIA-Part2 Cram Materials, IIA-CIA-Part2 Question Explanations

What's more, part of that Free4Torrent IIA-CIA-Part2 dumps now are free: https://drive.google.com/open?id=1CFP3zcGZFh04RdmjFP4O3TWGilvcBKcu

Long time learning might makes your attention wondering but our effective IIA-CIA-Part2 study materials help you learn more in limited time with concentrated mind. Just visualize the feeling of achieving success by using our IIA-CIA-Part2 exam guide,so you can easily understand the importance of choosing a high quality and accuracy IIA-CIA-Part2 training engine. You will have handsome salary get higher chance of winning and separate the average from a long distance and so on.

IIA-CIA-Part2 exam consists of 100 multiple-choice questions and is administered in English. IIA-CIA-Part2 Exam is computer-based and can be taken at any of the IIA's testing centers around the world. To be eligible to take the exam, candidates must have a minimum of two years of internal auditing experience or a bachelor's degree in a related field.

>> New IIA-CIA-Part2 Cram Materials <<

IIA-CIA-Part2 Question Explanations - Reliable IIA-CIA-Part2 Exam Papers

Do you still have the ability to deal with your job well? Do you think whether you have the competitive advantage when you are compared with people working in the same field? If your answer is no，you are a right place now. Because our IIA-CIA-Part2 exam torrent will be your good partner and you will have the chance to change your work which you are not satisfied with, and can enhance your ability by our IIA-CIA-Part2 Guide questions, you will pass the exam and achieve your target.

IIA Practice of Internal Auditing Sample Questions (Q324-Q329):

NEW QUESTION # 324
Due to the expanded role of internal audit in the organization, the chief audit executive (CAE) of a construction company decides to employ the services of an outsourced audit service provider to augment the internal audit staff. What does the CAE need to consider in determining whether the outsourced audit service provider possesses the necessary knowledge, skills and other competencies to perform an audit engagement?

A. The financial interest that the external service provider may have in the organization.
B. The extent of other ongoing services the external service provider may be performing for the organization.
C. Specific matters expected to be covered in the engagement communications.
D. The reputation of the external service provider.

Answer: D

NEW QUESTION # 325
In which of following scenarios is the internal auditor performing benchmarking?

A. The auditor compares new information to his general knowledge of the organization
B. The auditor compares information he collected with simmer information from another source
C. The auditor compares expected outcomes with actual results
D. The auditor compares information from one period with the same information from the poor period

Answer: B

Explanation:
Benchmarking in internal auditing involves comparing the performance or practices of the audited entity against a standard or best practice, which often involves using information from other organizations or sources as a reference. This process helps identify areas for improvement and set performance targets. Thus, comparing the collected information with similar information from another source is the correct definition of benchmarking.
Reference:
The Institute of Internal Auditors (IIA) Practice Guide: Internal Audit and Organizational Performance IIA Standard 1220 - Due Professional Care

NEW QUESTION # 326
After finalizing an assurance engagement concerning safety operations in the oil mining process, the audit team concluded that no key controls were compromised. However, some opportunities for improvement were noted. Which of the following would be the most appropriate way for the chief audit executive (CAE) to report these results?

A. The CAE should send the final report to operational management and notify senior management and the audit committee that no significant findings were identified.
B. The CAE should notify operational and senior management that the audit engagement was completed with no significant findings to report.
C. The CAE should send the final report to operational and senior management and the audit committee.
D. The CAE should send the final report to operational management only, as there is no need to communicate this information to higher levels.

Answer: A

Explanation:
Section: Volume E

NEW QUESTION # 327
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. Confirming that the purchased items are recorded In the correct period
B. Verifying the existence of inventory items in each warehouse
C. Assigning the tolerable deviation rate to determine the sample size
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.
References:
* IIA Standards: 1210.A3 - Proficiency in the Use of CAATs
* IIA Practice Guide: Use of Technology in Auditing

NEW QUESTION # 328
A healthcare organization's chief audit executive (CAE) noted that the organization's IT team relies heavily on a vendor. Therefore an IT vendor assessment review was added to the annual audit plan. During the review, the audit team discovered that the vendor had not been performing proper monitoring to ensure that the subcontractors it hired comply with the organization requirements. The organization's chief information officer (ClO) does not agree with the audit team's recommendation for the IT team to monitor the compliance level of vendor subcontractors. How should the audit team proceed to resolve this situation?

A. Escalate the issue to the CAE to assess whether the ClO's reasoning is acceptable.
B. Escalate the issue to the audit committee, as the CIO is unwilling to implement the recommended action plan.
C. Write a risk acceptance memo for the CIO to sign acknowledging the observation and indicating a willingness to accept the risk.
D. Provide an example of the attestation form that vendors must use. Then, recommend that the IT team require vendors to submit the attestation form on a regular basis.

Answer: A

NEW QUESTION # 329
......

Our web backend is strong for our IIA-CIA-Part2 study braindumps. No matter how many people are browsing our websites at the same time, you still can quickly choose your favorite IIA-CIA-Part2 exam questions and quickly pay for it. There has no delay reaction of our website. So you can begin your pleasant selecting journey on our websites. And you will find our IIA-CIA-Part2 practice materials are easy to download.

IIA-CIA-Part2 Question Explanations: https://www.free4torrent.com/IIA-CIA-Part2-braindumps-torrent.html

P.S. Free 2025 IIA IIA-CIA-Part2 dumps are available on Google Drive shared by Free4Torrent: https://drive.google.com/open?id=1CFP3zcGZFh04RdmjFP4O3TWGilvcBKcu