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NO.1 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?
A. 48 percent.
B. 60 percent.
C. 30 percent.
D. 52 percent.
Answer: D

NO.2 A chief audit executive would most likely use risk assessment for audit planning because it
provides:
A. A systematic process for assessing and integrating professional judgment about probable adverse
conditions.
B. The probability that an event or action may adversely affect the organization.
C. A list of auditable activities in the organization.
D. A listing of potentially adverse effects on the organization.
Answer: A

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Exam Code: IIA-CIA-Part2

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

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IIA-CIA-Part2 Valid Dumps Questions Total Q&A: 508 Questions and Answers

Last Update: 2017-02-21

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Exam Code: IIA-CIA-Part1

Exam Name: Certified Internal Auditor - Part 1, The Internal Audit Activity's Role in Governance, Risk, and Control

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IIA-CIA-Part1 Test Dumps Pdf Total Q&A: 566 Questions and Answers

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Exam Code: IIA-CFSA

Exam Name: Certified Financial Services Auditor

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IIA-CFSA Mock Test Total Q&A: 511 Questions and Answers

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