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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

An internal audit intends to create a risk and control matrix to better understand the organization's complex manufacturing process. With which of the following approaches would the auditor most likely start?

Options:

A.

Assess management responses to key risk exposures

B.

Analyze the costs and benefits of key controls

C.

Evaluate the design adequacy of known controls

D.

Conduct a walk-through of all related activates

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Question 2

Which procedure should an internal auditor perform to determine the audit objective?

Options:

A.

Meet with the board to discuss emerging issues and concerns

B.

Conduct a risk assessment of the area under review

C.

Establish the boundaries of the engagement

D.

Outline what will be included in the review

Question 3

The internal audit function is performing an assurance engagement on the organization’s environmental, social, and governance (ESG) program. The engagement objective is to determine whether the ESG program’s activities are meeting the program’s established goals. The internal audit function has completed a risk and control assessment of the ESG program's activities. What is the appropriate next step?

Options:

A.

Conclude whether the ESG program's activities are meeting the established goals

B.

Communicate the results of the assessment to senior management

C.

Develop recommendations based on the results of the assessment

D.

Perform testing on the activities selected based on the assessment