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CIA IIA-CIA-Part2 Exam Questions and Answers PDF

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Total 360 questions
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Practice of Internal Auditing Questions and Answers

Question 53

An internal auditor for a regional bank suspects that the head of commercial lending has been granting loans without the required collateral Which of the following sampling techniques will be most effective for investigating the auditor's suspicion?

Options:

A.

Variables sampling

B.

Dollar-unit sampling

C.

Judgmental sampling

D.

Discovery sampling

Question 54

Upon the completion of an audit engagement an audit manager performs a review of a staff auditor's workpapers. Which of the following actions by the manager is the most appropriate this review''

Options:

A.

Communicate the workpaper review results to management of fie area under review to validate the final report

B.

Update the final report in the file with any necessary corrections based on the workpaper review.

C.

Discuss the workpaper review results with the staff auditor where appropriate as a leaning opportunity

D.

Add the manager's review notes to the final documentation following the review

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Total 360 questions
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