VCE IIA-CIA-PART2 EXAM SIMULATOR, IIA-CIA-PART2 PAPER

VCE IIA-CIA-Part2 Exam Simulator, IIA-CIA-Part2 Paper

VCE IIA-CIA-Part2 Exam Simulator, IIA-CIA-Part2 Paper

Blog Article

Tags: VCE IIA-CIA-Part2 Exam Simulator, IIA-CIA-Part2 Paper, New IIA-CIA-Part2 Test Preparation, IIA-CIA-Part2 Reliable Braindumps Questions, IIA-CIA-Part2 Visual Cert Exam

DOWNLOAD the newest TestSimulate IIA-CIA-Part2 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1S7fQhAsGdyGsdYbo9z0HZv71_9Y3rxzU

We are so popular for that we have a detailed and perfect customer service system. Firstly, only 5 to 10 minutes after the customer's online payment of IIA-CIA-Part2 actual exam is successful, you can receive an email from the customer service and immediately start learning. We also have dedicated staff to check and update IIA-CIA-Part2 Exam Questions every day, so you can get the latest information of IIA-CIA-Part2 exam materials whenever you buy it. Secondly, we provide 24-hour round-the-clock service to customers. We can solve any problems about IIA-CIA-Part2 study materials for you whenever and wherever you need it.

A IIA IIA-CIA-Part2 practice questions is a helpful, proven strategy to crack the IIA IIA-CIA-Part2 exam successfully. It helps candidates to know their weaknesses and overall performance. TestSimulate software has hundreds of IIA exam dumps that are useful to practice in real time. The Practice of Internal Auditing (IIA-CIA-Part2) practice questions have a close resemblance with the actual IIA-CIA-Part2 exam.

>> VCE IIA-CIA-Part2 Exam Simulator <<

IIA-CIA-Part2 Paper, New IIA-CIA-Part2 Test Preparation

TestSimulate have made customizable Practice of Internal Auditing (IIA-CIA-Part2) practice tests so that users can take unlimited tests and improve Practice of Internal Auditing (IIA-CIA-Part2) exam preparation day by day. These IIA IIA-CIA-Part2 practice tests are based on the real examination scenario so the students can feel the pressure and learn to deal with it. The customers can access the result of their previous given Practice of Internal Auditing (IIA-CIA-Part2) exam history and try not to make any excessive mistakes in the future.

IIA Practice of Internal Auditing Sample Questions (Q265-Q270):

NEW QUESTION # 265
The best method for assessing the relative importance of risk factors is to:

  • A. Assign weights to the factors based on the comparative impact.
  • B. Change the rating of the factors from a 1-3 scale to a 1-5 scale.
  • C. List the risk factors in a priority order.
  • D. Use data from an independent source.

Answer: A

Explanation:
Section: Volume C
Explanation/Reference:


NEW QUESTION # 266
According to IIA guidance which of the following statements is true regarding the annual audit plan?

  • A. In an immature risk management environment it is preferable for the CAE to rely solely on her judgment regarding risk identification and assessment to develop the audit plan.
  • B. The annual audit plan should only be adjusted in response to problems with resourcing, scope, and data availability.
  • C. The chief audit executive (CAE) may incorporate risk information, including risk appetite levels from management for the audit plan at her discretion.
  • D. The CAE may make adjustments to the annual audit plan as needed without senior management or board approval.

Answer: C

Explanation:
According to the Institute of Internal Auditors (IIA) guidance, the chief audit executive (CAE) should develop a risk-based audit plan that takes into account the organization's risk management framework, including its risk appetite levels. This aligns with Standard 2010 - Planning, which states that the CAE must establish a risk-based plan to determine the priorities of the internal audit activity, consistent with the organization's goals. Risk appetite levels from management are a critical component of understanding the organization's risk profile and should be incorporated into the audit plan. Thus, the CAE may incorporate risk information, including risk appetite levels from management, at her discretion.References: IIA's International Standards for the Professional Practice of Internal Auditing, Standard 2010 - Planning.


NEW QUESTION # 267
An organization decides to create an internal audit function and hires a new chief audit executive (CAE). Which of the following should the CAE first consider when developing the internal audit process?

  • A. An appropriate training plan for audit staff.
  • B. Alignment of internal audit objectives with the organization's strategic plan.
  • C. Requirements of the external auditors to ensure an efficient coordination of audit effort.
  • D. Sufficient resources to adequately meet the needs of the annual audit plan.

Answer: B


NEW QUESTION # 268
An internal auditor has suspicions that the management of a department splits me number of planned purchases to avoid the approval process required for larger purchases. Which of the following would be the most efficient technique to help the auditor identify the seventy of this malpractice?

  • A. Using data analytics
  • B. Asking management about the malpractice
  • C. Examining the entire population
  • D. Testing a sample of random transactions.

Answer: A

Explanation:
Data analytics is the most efficient technique to identify patterns and anomalies that may indicate the splitting of planned purchases to avoid the approval process. By applying data analytics, the internal auditor can analyze the entire dataset to detect unusual patterns, such as multiple purchases just below the approval threshold made within a short timeframe. This method is more effective than random sampling or manual examination as it can quickly and accurately identify instances of potential malpractice across large volumes of transactions.
Reference:
The Institute of Internal Auditors (IIA) - Practice Guide: Data Analytics


NEW QUESTION # 269
To which of the following aspects should the chief audit executive give the most consideration while communicating an identified unacceptable risk to management?

  • A. The organization's risk management policy
  • B. The organization's attitude to hierarchy
  • C. The organization's ongoing risk monitoring process
  • D. The organization's whistleblowing strategy

Answer: A

Explanation:
The chief audit executive should give the most consideration to the organization's risk management policy when communicating an identified unacceptable risk to management. The risk management policy outlines the organization's approach to managing risk, including risk tolerance levels, risk appetite, and the procedures for identifying, assessing, and mitigating risks. By aligning the communication with the risk management policy, the CAE ensures that the discussion about unacceptable risk is framed within the context of the organization's established risk management framework, facilitating a more structured and effective response from management.
Reference: The IIA's International Standards for the Professional Practice of Internal Auditing, Standard 2010 - Planning and COSO's Enterprise Risk Management Framework.


NEW QUESTION # 270
......

IIA-CIA-Part2 practice dumps offers you more than 99% pass guarantee, which means that if you study our IIA-CIA-Part2 learning guide by heart and take our suggestion into consideration, you will absolutely get the certificate and achieve your goal. Meanwhile, if you want to keep studying this course , you can still enjoy the well-rounded services by IIA-CIA-Part2 Test Prep, our after-sale services can update your existing IIA-CIA-Part2 study quiz within a year and a discount more than one year.

IIA-CIA-Part2 Paper: https://www.testsimulate.com/IIA-CIA-Part2-study-materials.html

When facing the IIA-CIA-Part2 exam test, some choose to spend a lot of time and effort to review of knowledge to prepare for the Certified Internal IIA-CIA-Part2 actual test, it is still risky for you to pass the exam, Our IIA-CIA-Part2 exam guide materials produce many benefits which can reduce the burden of memory and have more opportunity to get the certificate, Through the free demo you can assess the IIA-CIA-Part2 exams cram PDF is valid and accurate.

Because it could be ME someday creating something that people use and take for granted, IIA IIA-CIA-Part2 practice braindumps will be worthy of purchase, and you will get manifest improvement.

Three Formats for IIA IIA-CIA-Part2 Practice Tests: IIA-CIA-Part2 Exam Prep Solutions

When facing the IIA-CIA-Part2 Exam Test, some choose to spend a lot of time and effort to review of knowledge to prepare for the Certified Internal IIA-CIA-Part2 actual test, it is still risky for you to pass the exam.

Our IIA-CIA-Part2 exam guide materials produce many benefits which can reduce the burden of memory and have more opportunity to get the certificate, Through the free demo you can assess the IIA-CIA-Part2 exams cram PDF is valid and accurate.

Our IIA-CIA-Part2 exam guide are not only rich and varied in test questions, but also of high quality, Then you can start your study as you like.

What's more, part of that TestSimulate IIA-CIA-Part2 dumps now are free: https://drive.google.com/open?id=1S7fQhAsGdyGsdYbo9z0HZv71_9Y3rxzU

Report this page