IIA IIA-IAP Practice Test - Questions Answers, Page 9

In a standard process mapping document, a diamond shape typically represents which of the following?

What are the typical elements of a risk and control matrix used in the engagement planning process?

Which of the following internal auditor attributes benefits the most from continuous professional development?

Which of the following scenarios would be the strongest indicator of fraud in an accounts payable process?

Management has decided that transactions less than $50 no longer require authorization. Which of the following risk management strategies does this represent?

A senior police officer was in charge of the cash fund used for undercover operations. In this situation, which of the following would likely be considered a red flag?

Information collected and documented in audit workpapers should be sufficient to:

During a travel expense audit engagement, the internal auditor discovered that the accounts payable staff spend a significant amount of time previewing expense reports before the reports are sent to managers for review and approval. The total of all expense reports during a year represents less than 1% of the organization's total budget. Which of the following best supports the auditor's recommendation to reduce the level of reviews?

An internal auditor wants to establish the reasonableness of the current period's total payroll costs for the finance department. She divides the actual monthly payroll cost by the number of employees to derive an average cost per employee. Which of the following comparisons to this average cost would be considered trend analysis?