Exam (elaborations) CIA - Certified Internal Auditor

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Exam (elaborations)

Exam (elaborations) CIA - Certified Internal Auditor

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27 pages

2025/2026

Institution CIA - Certified Internal Auditor

Course CIA - Certified Internal Auditor

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CIA Part 2 Questions and Answers Updated 2026

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CIA Part 2 Questions
and Answers Updated
2026
WhoBisBordinarilyBresponsibleBforBguidingBgovernanceBprocesses?B-BAnswerTheBboard

WhoBisBordinarilyBresponsibleBforBleadingBriskBmanagementBandBcontrolBprocesses?B-
BAnswerSeniorBmanagement

ComplianceBisBdefinedBasB-
BAnsweradherenceBtoBpolicies,Bplans,Bprocedures,Blaws,Bregulations,Bcontracts,BorBotherBrequi
rements

TypesBofBInternalBAuditBEngagementsB-BAnswerAssuranceBservicesBandBConsultingBservices

ReportingBtoBseniorBmanagementBandBtheBboardBprovidesBassuranceBaboutB-
BAnswerGovernance,BRiskBmanagement,BandBControl

WhoBestablishesBpoliciesBandBproceduresBforBtheBIAA?B-BAnswerTheBCAE

PoliciesBandBproceduresBforBaBlarge,BmatureBIAABareB-BAnswerformalBinBaBmanual

PoliciesBandBproceduresBforBaBsmallBorBlessBmatureBIAABareB-
BAnswerSeparateBdocumentsBorBanBauditBmanagementBsoftwareBprogramB(lessBformal)

WhoBandBhowBoftenBshouldBInternalBauditBpoliciesBandBproceduresBbeBreviewed?B-
BAnswerCAEBorBanBinternalBauditBmanagerBperiodicallyBreviews

WhoBisBresponsibleBforBhiringBaBproperBIAA?B-BAnswerTheBCAE

,EffectiveBinterviewingBmethodsB-
BAnswerStructuredB(eliminatesBindividualBbias)BorBBehavioralB(howBcandidatesBhandledBpastBsi
tuations)

CAEBindependenceBandBreportBstructureBwithBtheBboardBandBseniorBmanagement.B-
BAnswerCAEBmustBhaveBdirectBandBunrestrictedBaccessBtoBseniorBmanagementBandBtheBboar
d.BReportsBadministrativelyBtoBseniorBmanagementBandBfunctionallyBtoBtheBboard.

TheBmostBimportantBfunctionBofBtheBauditBcommitteeBisB-
BAnswerpromoteBtheBindependenceBofBinternalBandBexternalBauditorsBbyBprotectingBthemBfro
mBmanagement'sBinfluence.

WhatBisBparticipativeBauditing?B-
BAnswerCollaborationBbetweenBtheBinternalBauditorBandBmanagementBduringBtheBauditingBpr
ocess.BObjectiveBisBtoBminimizeBconflictBandBbuildBaBsharedBinterest.

TheBCAEBmustBensureBthatBinternalBauditBresourcesBareB-
BAnswerappropriate,Bsufficient,BandBeffectivelyBdeployedBtoBachieveBtheBapprovedBplan.

AppropriateBrefersBtoB-
BAnswermixBofBknowledge,Bskills,BandBotherBcompetenciesBtoBperformBtheBplan

SufficientBrefersBtoB-BAnswerquantityBofBresourcesBneededBtoBaccomplishBtheBplan

ResourcesBareBeffectivelyBdeployedBwhenB-
BAnsweroptimizesBtheBachievementBofBtheBapprovedBplan

ResourceBplanningBconsidersB-BAnswer1.BTheBauditBuniverse

2.BRelevantBriskBlevels

3.BIABplanB

4.BCoverageBExpectations

5.BEstimateBofBunanticipatedBactivities

WhenBselectingBtheBappropriateBauditBstaff,BtheBCAEBmustBconsiderB-
BAnswer1.BComplexityBofBtheBengagement

, 2.BExperienceBlevelsBofBtheBauditors

3.BTrainingBneedsBofBtheBauditors

4.BAvailableBResources

TheBThreeBLinesBofBDefenseBinBEffectiveBRiskBManagementBandBControlB-
BAnswerStakeholdersB=BBoDBandBseniorBmanagement

1.BOperationalBManagementB(ownBandBmanageBrisk)

2.BBusiness-enablingBfunctionsB(overseeBrisk,Bmonitor)

3.BInternalBAuditorsB(independentBassurance)

WhoBdeterminesBtheBnatureBandBscopeBofBanBassuranceBengagement?B-
BAnswerTheBinternalBauditor

ObjectivesBofBCOSOBFrameworkB-BAnsweroperations,Breporting,Bcompliance

OperationsBobjectivesBrelateBtoB-BAnswerEffectivenessBandBefficiencyBofBoperations

ReportingBobjectivesBrelateBtoB-
BAnswerInternalBandBexternalBfinancialBandBnoBfinancialBreportingB(reliability,Btimeliness,Btrans
parency)

ControlBSelf-AssessmentB(CSA)B-
BAnswerABmethod/processBbyBwhichBmanagementBandBstaffBofBallBlevelsBcollectivelyBidentify
BandBevaluateBriskBandBcontrolsBwithBtheirBbusinessBareas.BThisBmayBbeBunderBtheBguidance
BofBaBfacilitatorBsuchBasBanBauditorBorBriskBmanager;BincludesBtestingBtheBdesignBofBautoma
tedBapplicationBcontrols

AdvantagesBofBaBCSABprogramB-
BAnswerIncreaseBcoverageBofBassessmentsBofBcontrolBprocessesBacrossBtheBorg.B

ImprovesBqualityBofBcorrectiveBactionsBmadeBbyBprocessBowners.B

FocusesBIAA'sBworkBonBreviewingBhigh-riskBprocessesBandBunusualBsituations.

CSABtypesB-BAnswerSelf-assessmentBsurveysBandBfacilitatedBworkshops

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Uploaded on: March 30, 2026
Number of pages: 27
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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