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Exam Code: IIA-CIA-Part2
Exam Name: Practice of Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
Given It is critical to capture common link values in one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
A. 50 User Extensible Fields
B. 60 User Extensible Fields
C. 10 User Extensible Fields
D. 90 User Extensible Fields
Answer: C

NEW QUESTION: 2
Your solution requires the Cisco TelePresense Clinical Presence System. Which codec would you use? Select exactly1.answer(s) from the following:
A. C60
B. C40
C. C90
D. C20
Answer: B

NEW QUESTION: 3
A CPA firm would be reasonably assured of meeting its responsibility to provide services that conform with
professional standards by:
A. Maintaining an attitude of independence in its engagements.
B. Having an appropriate system of quality control.
C. Adhering to generally accepted auditing standards.
D. Joining professional societies that enforce ethical conduct.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Quality control standards relate to the conduct of a firm's audit practice. They set
forth standards for the establishment of policies and procedures to provide reasonable assurance of
conforming with professional standards.
Choice "A" is incorrect. GAAS relate to the conduct of individual audit engagements.
Choice "C" is incorrect. Joining professional societies that enforce ethical conduct (e.g., the AICPA or state
CPA society) will not assure the firm of meeting its responsibility to conform with GAAS. A system of
policies and procedures (i.e., a system of quality control) must be established to provide this assurance.
Choice "D" is incorrect. Independence is part of the quality control element of independence, integrity, and
objectivity, but maintaining independence alone will not help the firm meet its responsibility to conform with
professional standards.


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