Question 1The engagement approach: assurance, advisory, agile and integrated
A bank's internal audit function is choosing an approach for four upcoming engagements. For which engagement is an agile approach most suitable?
The Part 2 passing score
Your raw score is converted to a scale of 250 to 750, and 600 or higher passes. A pass report shows only that you passed; a fail report gives your score and the areas to improve.
| Questions | 100, multiple choice |
|---|---|
| Time | 120 minutes (2 hours) |
| Where | Pearson VUE test centers |
| Passing score | 600 on a 250 to 750 scale |
How scoring works
- Raw scores are converted to a scaled score from 250 to 750.
- 600 or higher is a pass.
- A pass report shows only that you passed, with no number.
- A fail report shows your numeric score and the syllabus areas where you need to improve.
If you do not pass
- You can retake a part 30 days after your most recent attempt.
- The handbook allows at most eight attempts at each part.
- All three parts must be passed within three years of acceptance into the program.
What 600 means for your preparation
The scaled score is not a percentage, and no percentage of questions right is published as the pass line. The practical aim is to be comfortably strong in every section, because a weak section costs marks that the others must make up.
Try 4 questions
Question 2Sources of information: interviews, surveys, observation and documents
During an inventory engagement at a food distributor, the warehouse supervisor tells the internal auditor that full cycle counts are done every week and that all differences are investigated. Which step would best support this statement?
Question 3Analytical review: ratios, trends and reasonableness tests
A shared service center spent $1,350,000 last year to process 90,000 supplier invoices. An industry benchmarking study puts the cost per invoice for comparable centers at $11.25. By what percentage does the center's cost per invoice exceed the benchmark?
Question 4Communicating with stakeholders during the engagement
A senior vice president asks an auditor to remove a finding on weak vendor approvals from the draft report, saying it will embarrass the division. The workpapers fully support the finding. What should the auditor do?
Next step
Questions people ask
What percentage do I need to pass Part 2?
No percentage is published. Raw scores are converted to a 250 to 750 scale, and 600 or higher passes.
When do I get my result?
The CIA page says results arrive within three weeks of the exam.
How soon can I retake Part 2?
30 days after your most recent attempt, and at most eight attempts at each part, per the candidate handbook.