EXAM CODE : IIA-CIA-Part2 UPDATION DATE : 2023-03-24 TOTAL QUESTIONS : 360 UPDATES : UPTO 3 MONTHS GUARANTEE : 100% PASSING GUARANTEE
IIA-CIA-Part2 exam has grabbed the interest of IT students with its rising need and importance in the field. In spite of being a hard core IT exam, it can easily be passed with the help of IIA-CIA-Part2 dumps material.This highly demanded and results-producing authentic dumps material can be obtained from Exam4help.com. When you will prepare under the guidance of veterans by using additional facilitating services, your certification is stamped with success.
As a favor to our students, we have availed free of cost demo version for quick quality check before going forward. You get here trust, find satisfaction and meet your success with expertly verified IIA-CIA-Part2 questions answer. You can download PDF study guide right now at very cheap and attractive price and pursue your career with fast pace. Further, it is the place where you get money back guarantee in case of, though not expected, unfortunate happening and you fail to get your desired result in your final exam. In short, you are promised for definite success with student-friendly preparatory solutions. Just join our hands and leap for your successful career.
An internal audit activity is participating in the due diligence work for an acquisition that a company is considering. One engagement objective is to determine if the acquisition's accounts payable contain all outstanding liabilities. Which of the following audit procedures would not be relevant for this objective?
A. Examine supporting documentation of subsequent (after-period) cash disbursements and verify period of liability.
B. Send confirmations, including zero-balance accounts, to vendors with whom the company normally does business.
C. Select a sample of accounts payable from the accounts payable list and verify the supporting receiving reports, purchase orders, and invoices.
D. Trace receiving reports issued before the period end to the related vendor invoices and accounts payable list.
ANSWER : C
During an audit of a branch bank, an internal auditor learned that a series of system failures had resulted in a four-day delay in processing customers' scheduled payroll direct deposits. The first failure was that of a disk drive, followed by software and other minor failures. Which of the following controls should the auditor recommend to avoid similar delays in processing?
A. Contingency planning.
B. Redundancy checks.
C. Process monitoring.
D. Preventive maintenance.
ANSWER : A
An auditor prepared a workpaper that consisted of a list of employee names and identification numbers as well as the following statement:
A. Use of audit verification symbols to show that each file was examined.
B. Removal of the employee names to protect their confidentiality.
C. Justification for the sample size.
D. Listing of the actual documents examined for each employee.
ANSWER : C
If management expects 100 percent compliance with a procedure, which of the following sampling approaches would be most appropriate?
A. Attributes sampling.
B. Discovery sampling.
C. Targeted sampling.
D. Variables sampling.
ANSWER : B
The chief audit executive (CAE) determined that based on management's oral response, the action taken regarding an audit observation was sufficient when weighted against the relative importance of the audit recommendation. Which of the following is the most appropriate step for the internal auditor to take next?
A. Initiate a follow-up audit to ensure that action has really been taken.
B. Follow-up with management until a written response is obtained.
C. Escalate the issue to the board and get their position on the issue.
D. Note in the permanent file that follow-up needs to be performed as part of the next engagement.
ANSWER : D
