Free IIA IIA-CIA-Part2 Exam Dumps Questions & Answers

The chief audit executive was asked to define me internal audit activity s key performance indicators (KPIs) tor the upcoming year. The KPIs must measure efficiency and effectiveness. Which of the following is an example of a KPI that measures effectiveness?

• A.  Internal audit reports are consistently submitted prior to the audit report deadline
• B.  Post engagement surveys completed by management indicate a " meets or exceeds expectations " idling
• C.  There is a significant reduction of travel costs per project over the next fiscal year
• D.  Internal auditors identify a minimum number of issues and provide recommendations to address them for each audit

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.  Valuating the obsolete Inventory from all the warehouse locations
• D.  Assigning the tolerable deviation rate to determine the sample size

An internal auditor determines that certain information from the engagement results is not appropriate for disclosure to all report recipients because it is privileged. In this situation, which of the following actions would be most appropriate?

• A.  Exclude the results from the report and verbally report the conditions to senior management and the board.
• B.  Distribute the reports through the use of blind copies.
• C.  Distribute the information in a confidential report to the board only
• D.  Disclose the information in a separate report.

Which of the following data analysis techniques is used to identify inappropriately matching values, such as names, addresses, and account numbers in disparate systems?

• A.  Joining different data sources
• B.  Duplicate testing
• C.  Stratification of numeric values
• D.  Gap testing

Which of the following is one of the differences between probability-proportional-to-size (PPS) and attribute sampling?

• A.  PPS sampling a applied within the context of testing controls attribute sampling s not.
• B.  Attribute sampling is affected by the monetary book value of the population PPS sampling is not
• C.  PPS sampling s used to reach conclusions regarding monetary amounts, attribute sampling is not.
• D.  PPS sampling is used to roach conclusions regarding rates of occurrence, attribute sampling is not.