Free IIA IIA-CIA-Part2 Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Certified Internal Auditor IIA-CIA-Part2 Exam Dumps Questions Practice 2026

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Total 485 Questions | Updated On: May 21, 2026

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Question 1

An internal auditor was assigned to review controls in the accounts payable function. Most of tie accounts payable processes are performed by a third-party service provider. The auditor included in the audit report a number of control deficiencies involving processes performed by the service provider. The service provider requested a copy of the report Which of Vie following would be the most appropriate response from the chief audit executive (CAE)?

A : The CAE would automatically sand a copy of the report to the service provider as many of the findings relate to Via area managed by the service provider

B : The CAE may distribute the report to tie service provider at no cost, after consulting with legal counsel and tie chief compliance officer

C : The CAE may provide a copy of the audit report to the service provider If an agreement & signed and the service provider agrees to reimburse the cost of the audit

D : D, The CAE should benchmark with other organization in the industry by consorting with colleagues and distribute the report only I it is an acceptable practice m the industry

Answer: B

Question 2

An organization has a health and safety division that conducts audits to meet regulatory requirements. The chief health and safety officer reports directly to the CEO. Which of the following describes an appropriate role for the chief audit executive (CAE) with regard to the organization's health and safety program?

A : The CAE has no role to play, because the chief health and safety officer reports to a senior executive.

B : The CAE should coordinate with, and review the work of, the chief health and safety officer to gain an understanding of whether risks related to health and safety are managed properly.

C : The CAE should give periodic reports directly to the regulator regarding health and safety issues, as it is the appropriate regulatory oversight body.

D : The CAE should hire an independent external specialist to conduct an annual assessment and provide assurance over the effectiveness of the health and safety program and the reliability of its reports.

Answer: B

Question 3

An internal auditor discovered that sales contracts with business clients were not stored in the electronic document management database instead they were scanned and saved in a nonsystematic manner to server folders Which of the following would be an appropriate consequence for the internal auditor to include in the documented observation?

A : The document management policy requires business client data to be stored in a specific management database

B : Sales contracts were stored improperly because the office manager was not trained to use the electronic database and prefers to avoid it

C : if the organization becomes subject to litigation the agreed pricing terms and conditions of the contracts may be difficult to prove

D : All staff should be appropriately trained and required to follow the organization-s established policies and procedures pertaining to document management

Answer: C

Question 4

Which of the following is a primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes?

A : To gam an understanding of the control environment

B : To collect as much financial data as possible before engagement fieldwork begins.

C : To test the effectiveness of financial controls in an efficient and relatively inexpensive way

D : To facilitate the quantification of financial data obtained

Answer: A

Question 5

Following an audit, management developed an action plan to improve controls over the handling of scrap metal. Which of the following would be the most appropriate course of action for the auditor to follow up?

A : Conduct another audit engagement to ensure all risks related to the sales of scrap metal have been mitigated.

B : Ensure new procedures have been documented, approved, and distributed to the employees responsible.

C : Perform retesting to confirm that new procedures address the previously identified deficient control activities

D : Analyze the new procedures, then report to senior management whether the associated risks have been managed.

Answer: C

Page: 1 / 97

Total 485 Questions | Updated On: May 21, 2026

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