IIA-CIA-Part2 Dumps
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IIA IIA-CIA-Part2 Exam Dumps

Exam Name: Certified Internal Auditor - Part 2, Conducting the Internal Audit Engagement
Certification Name: CIA

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  • Total Questions: 360
  • Last Updation Date: 16-Apr-2024

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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:

 

Has enough evidence to conclude that improperly functioning ovens are the cause.

 

Needs to conduct further inquiries and reviews to determine the impact of the oven variations
on the pizza temperature.

 

Has enough evidence to recommend the replacement of some of the ovens.

 

Must search for another cause since approximately 60 percent of the ovens did not require
adjustment.


Needs to conduct further inquiries and reviews to determine the impact of the oven variations
on the pizza temperature.






Which of the following documents should the chief audit executive review and approve?
1. Workpaper retention policy.
2. Audit committee meeting minutes.
3. Internal audit handbook.
4. Quarterly financial statements.

 

1 and 2 only

 

1 and 3 only

 

2 and 4 only

 

1, 3, and 4 only


1 and 3 only






A retail sales company has discontinued a product that normally sold for $100. During the first
month of a sale of the product, a 20 percent discount was given. Later that sale price was reduced
by an additional 40 percent. What was the overall discount from the original selling price?

 

60 percent.

 

52 percent.

 

48 percent.

 

30 percent


52 percent.




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