Arthur Clark Arthur Clark's Profile Page

Arthur Clark Arthur Clark

0 Course Enrolled • 0 Course Completed

Biography

IIA-CIA-Part2 Exam Passing Score - Practice of Internal Auditing Realistic Certification Cost Pass Guaranteed

You may be busy in your jobs, learning or family lives and can’t get around to preparing and takes the certificate exams but on the other side you urgently need some useful IIA-CIA-Part2 certificates to improve your abilities in some areas. So is there a solution which can kill two birds with one stone to both make you get the certificate and spend little time and energy to prepare for the exam? If you choose the test IIA certification and then buy our IIA-CIA-Part2 prep material you will get the panacea to both get the useful certificate and spend little time. Passing the test certification can help you stand out in your colleagues and have a bright future in your career.

Passing the IIA-CIA-Part2 Exam is a valuable achievement for professionals in the field of internal auditing. It demonstrates their proficiency in the practice of internal auditing and can lead to career advancement opportunities. Additionally, the IIA-CIA-Part2 certification is recognized globally and can help professionals stand out in a competitive job market.

IIA-CIA-Part2 exam is a globally recognized certification that demonstrates a candidate's expertise in internal auditing practices. Practice of Internal Auditing certification is particularly valuable for individuals working in internal audit departments, as it enhances their credibility and validates their knowledge and skills. Practice of Internal Auditing certification exam is based on the International Professional Practices Framework (IPPF), which is a globally recognized framework for internal auditing.

>> IIA-CIA-Part2 Exam Passing Score <<

IIA-CIA-Part2 Certification Cost, Reliable IIA-CIA-Part2 Test Prep

The IIA-CIA-Part2 latest exam torrents have different classifications for different qualification examinations, which can enable students to choose their own learning mode for themselves according to the actual needs of users. The IIA-CIA-Part2 exam questions offer a variety of learning modes for users to choose from, which can be used for multiple clients of computers and mobile phones to study online, as well as to print and print data for offline consolidation. Our reasonable price and IIA-CIA-Part2 Latest Exam torrents supporting practice perfectly, as well as in the update to facilitate instant upgrade for the users in the first place, compared with other education platform on the market, the IIA-CIA-Part2 test torrent can be said to have high quality performance, let users spend the least money to meet their maximum needs.

IIA Practice of Internal Auditing Sample Questions (Q450-Q455):

NEW QUESTION # 450
An auditor is performing a review of a complex process to identify opportunities to increase efficiency. What is the most practical way to document the process to identify areas of inefficiency?

A. Write a description of the process activities in sequential order.
B. Create a decision tree.
C. Flowchart the process.
D. Develop a PERT (program evaluation and review technique) diagram.

Answer: C

NEW QUESTION # 451
Which of the following methods would an auditor most likely use to document a complex sales order process?

A. Create a critical path method chart, noting the processes involved for each step.
B. Perform a process review, assigning time and cost to each step of the process to develop a hierarchy flowchart.
C. Develop a horizontal flowchart, with supporting documentation for key control points.
D. Utilize a systems narrative, which can be updated during subsequent audits.

Answer: C

NEW QUESTION # 452
Which of the following situations is most critical for the chief audit executive to report to the board?

A. The internal audit activity was restructured, which resulted in a significant change in responsibilities among audit managers and supervisors for some audits
B. The resignation of an internal audit manager during the year caused the chief audit executive to defer a number of audit engagements to the following year.
C. A staff internal auditor had difficulties completing a portion of the audit because management of the area under review was unwilling to cooperate and provide information timely.
D. The chief audit executive disagreed with the business unit manager's initial decision to accept a particular risk Management ultimately agreed to address the risk only after discussing the issue with senior management.

Answer: D

Explanation:
The most critical situation for the chief audit executive (CAE) to report to the board is the disagreement with the business unit manager's initial decision to accept a particular risk, which was only addressed after discussion with senior management. This situation is critical because it involves a risk that was initially accepted without proper mitigation, which could have significant implications for the organization. Reporting this to the board ensures that they are aware of potential disagreements regarding risk acceptance and management's approach to risk mitigation.
References:
* IIA Standards: 2060 - Reporting to Senior Management and the Board
* IIA Practice Guide: Reporting to the Board and Senior Management

NEW QUESTION # 453
An internal auditor notes that employees continue to violate segregation-of-duty controls in several areas of the finance department, despite previous audit recommendations. Which of the following recommendations is the most appropriate to address this concern?

A. Recommend rotating finance staff in this area.
B. Recommend additional segregation-of-duty reviews.
C. Recommend appropriate awareness training for all finance department staff.
D. Recommend that management address these concerns immediately.

Answer: C

NEW QUESTION # 454
An employee in the sales department completes a purchase requisition and forwards it to the purchaser. The purchaser places competitive bids and orders the requested items using approved purchase orders. When the employee receives the ordered items, she forwards the packing slips to the accounts payable department. The invoice for the ordered items is sent directly to the sales department, and an administrative assistant in the sales department forwards the invoices to the accounts payable department for payment. Which of the following audit steps best addresses the risk of fraud in the cash receipts process?

A. Determine whether the accounts payable department reconciles all purchasing documents prior to payment.
B. Verify that approvals of purchasing documents comply with the authority matrix.
C. Examine whether the sales department supervisor approves invoices for payment.
D. Observe whether the purchase orders are sequentially numbered.

Answer: A

Explanation:
To address the risk of fraud in the cash receipts process, it is essential to ensure that the accounts payable department reconciles all purchasing documents (purchase requisitions, purchase orders, packing slips, and invoices) before making payments. This step helps to detect discrepancies and prevent fraudulent activities, ensuring that payments are made only for legitimate and verified transactions. Reference:
IIA Standards - 1220: Due Professional Care
IIA Practice Guide - Auditing Accounts Payable: Reducing the Risk of Fraud

NEW QUESTION # 455
......

All these three Practice of Internal Auditing (IIA-CIA-Part2) exam dumps formats contain the real and Practice of Internal Auditing (IIA-CIA-Part2) certification exam trainers. So rest assured that you will get top-notch and easy-to-use IIA IIA-CIA-Part2 Practice Questions. The IIA-CIA-Part2 PDF dumps file is the PDF version of real Practice of Internal Auditing (IIA-CIA-Part2) exam questions that work with all devices and operating systems.

IIA-CIA-Part2 Certification Cost: https://www.prep4cram.com/IIA-CIA-Part2_exam-questions.html