Share Latest Mar-2026 IIA-CIA-Part2Test Practice Test Questions, Exam Dumps [Q336-Q358]

NO.336 A company owns a machine that will produce 100 light switches in four hours. Due to increased demand, a second machine capable of producing 100 light switches in three hours has been added.
Approximately how many hours will it take to produce 100 light switches using both machines working together?

NO.337 Which of the following is one of the differences between probability-proportional-to-size (PPS) and attribute sampling?

NO.338 A chief audit executive (CAE) is trying to balance the internal audit activity’s needs for technical audit skills budget efficiency and staff development opportunities. Which of the following would best assist the CAE in achieving this balance1?

NO.339 An engagement work program o of greatest value to audit management when which of the following is true?

NO.340 What decision-making approach should a facilitator initiate if a group addresses an unfamiliar situation during a control self-assessment session?

NO.341 During an operational audit of a chain of pizza delivery stores, an auditor determined that cold pizzas were causing customer dissatisfaction. A review of oven calibration records for the last six months revealed that adjustments were made on over 40 percent of the ovens. Based on this, the auditor:

NO.342 Which of the following sources of audit evidence is most reliable?

NO.343 During follow-up. the internal auditor discovered that operational management did not implement effective actions to address a significant control breach If the issue is left unresolved it may result in regulatory sanctions and damage the organization’s reputation What is the most appropriate next step for the chief audit executive to lake?

NO.344 What is the primary factor that determines the depth and breadth of audit follow-up?

NO.345 As part of the preliminary survey, an internal auditor sent an internal control questionnaire to the accounts payable function Based on the questionnaire responses, the auditor determines that there is no established procedure for adding and approving new vendors What would the auditor do next?

NO.346 Which of the following statements is true regarding engagement planning?

NO.347 In addition to the internal auditor, which of the following parties should be present at an exit or closing conference?
1. Audit committee members.
2. The external auditor.
3. The management responsible for the areas covered by the engagement.
4. The chief executive officer.

NO.348 An internal auditor discovered a control weakness that needs to be communicated to management. Which of the following is the best method for first communicating the weakness?

NO.349 A bakery chain has a statistical model that can be used to predict daily sales at individual stores based on a direct relationship to the cost of ingredients used and an inverse relationship to rainy days. What conditions would an auditor look for as an indicator of employee theft of food from a specific store?

NO.350 Which of the following statements describes an engagement planning best practice?

NO.351 An internal audit manager is supervising an engagement. A senior auditor deviates from the approved engagement plan but meets all deadlines in the approved time schedule. Which activity is not required for the audit manager to provide proper engagement supervision?

NO.352 An internal auditor is performing a review of an organization’s vendor for any possible conflicts of interest. Which of the following would provide the greatest assistance to the auditor in meeting this objective?

NO.353 A company used simple regression analysis to analyze maintenance costs against machine hours (MH) for a 26-week period when the plant was in full operation. The regression yielded the following estimated cost function:
Maintenance Cost = $60 + $0.25/MH
The regression analysis also generated a coefficient of determination (R2), or goodness of fit, of 0.85.
Which of the following statements regarding this regression analysis is appropriate?

NO.354 When forming an opinion on the adequacy of management’s systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?
* During an audit of the hiring process in a law firm, it was discovered that potential employees’ credentials were not always confirmed sufficiently. This process remained unchanged at the following audit.
* During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit.
* During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased.
* During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting are a. It was corrected immediately.

NO.355 An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?

NO.356 A chief audit executive (CAE) following up on action plans from previously completed audits identifies that management has determined that certain action plans are no longer necessary If the CAE disagrees with management’s decision, which of the following is the most appropriate next step for the CAE to take?

NO.357 A manufacturing organization is considering a merger with a similar firm, and requests that the chief audit executive (CAE) perform a due diligence audit. During the preliminary survey, the CAE notes that inventory management is a high risk area. In consultation with the external auditors and legal advisors, the CAE learns that they share those concerns. Which of the following is the CAE’s best course of action?

NO.358 An audit of a Web-based third-party payment processor determined that a programming error enabled customers to create multiple accounts for each mailing address. This caused problems during the processing of credit card transactions. Management agreed to correct the program and notify customers with multiple accounts that the accounts would be consolidated. What should the auditor do in response?
I.Amend the scope of the subsequent audit to verify that the program was corrected and that accounts were consolidated.
II.
Evaluate the adequacy and effectiveness of the corrective action proposed by management.
III.
Schedule a follow-up review to verify that the program was corrected and the accounts were consolidated.
IV.
Do nothing because management has agreed to address the problem.