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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 17

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List of questions

Question 161

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Which of the following is most accurate concerning corporate social responsibility?

Question 162

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During a complex financial compliance engagement, a senior internal auditor determines that current audit procedures are not sufficient for adequate testing She consults with a colleague and learns

Question 163

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Which of the following can be used to minimize employees' resentment of controls?

Question 164

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Which of the following is a typical characteristic of an organization's risk management framework*?

Question 165

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Senior management relies on the professional judgment of an internal auditor and uses outcomes of her audit work to make business decisions Which of the following personal qualities displayed by the

Question 166

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Which of the following best demonstrates conformance with IIA standards related to continuing professional development?

Question 167

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Which of the following specifications in an internal audit charter is the most important factor in the internal audit activity's independence?

Question 168

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In which of the following scenarios is the internal auditor in conformance with The IIA's Code of Ethics and the Standards?

Question 169

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According to IIA guidance, which of the following actions by the chief audit executive (CAE) best demonstrates the organizational independence of the internal audit activity?

Question 170

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An accounts payable clerk has recently transferred Into the internal audit activity and has been assigned to an engagement related to accounts payable processes for which he was previously responsib

Question 161

Which of the following is most accurate concerning corporate social responsibility?

A moral agent in an organization makes decisions that are based on the rules and regulations of the organization as they apply to human resources decisions

The utilitarian approaching deciding on ethical dilemmas is concerned with choosing the simplest solution that will apply to the most people

Ethics are not defined by laws but they are not a matter of free choice ethics are based on standards of conduct derived from shared principles and values

The individualism approach to ethical decision making is focused on implementing a customized long-term outcome that is most beneficial for the entire organization

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During a complex financial compliance engagement, a senior internal auditor determines that current audit procedures are not sufficient for adequate testing She consults with a colleague and learns that a spreadsheet application contains a helpful tool She proceeds to use the tool to properly complete the evaluation Which of the following best describes the core competency displayed by the senior auditor?

Business acumen

Persuasion and collaboration

Critical thinking

Communication

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Question 163

Which of the following can be used to minimize employees' resentment of controls?

Making sure employees are exempt from participating in control creation

Implementing controls without lengthy s of their purpose

Developing general constricting controls rather than detailed ones

Not using controls to achieve goals

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Question 164

Which of the following is a typical characteristic of an organization's risk management framework*?

Risk tolerance may or may not align with risk appetite depending on whether the assessment is quantitative or qualitative

Risk is assessed on both an inherent and a residual basis

The framework addresses four organizational objective categories strategic, historical, operational, and investment

External risks and internal opportunities are omitted from the risk assessment scope

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Question 165

Senior management relies on the professional judgment of an internal auditor and uses outcomes of her audit work to make business decisions Which of the following personal qualities displayed by the internal auditor is most likely the foundation for this relationship?

Integrity

Negotiation skills.

Business acumen

Flexibility

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Question 166

Which of the following best demonstrates conformance with IIA standards related to continuing professional development?

Retaining evidence of training in the form of continuing education credits

Seeking guidance regarding internal audit best practices from The IIA

Retaining supervisory reviews conducted on the basis of the development plan

Giving consideration to certain areas of specialization as part of development planning

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Question 167

Which of the following specifications in an internal audit charter is the most important factor in the internal audit activity's independence?

Description of internal audit activity's responsibilities

Definition of internal auditing

Statement of internal audit activity's authonty

Description of internal audit activity's reporting structure

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Question 168

In which of the following scenarios is the internal auditor in conformance with The IIA's Code of Ethics and the Standards?

The auditor testifies in front of a jury about an organization's fraudulent financial practices after receiving a subpoena

Management has agreed to remedy a significant control deficiency, so the auditor excludes the deficiency from the engagement report

The chief audit executive declines an assurance engagement in IT because the internal audit activity is not proficient in IT

The auditor communicates an audit opinion on fraud risk during an audit engagement's preliminary fraud risk assessment

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Question 169

According to IIA guidance, which of the following actions by the chief audit executive (CAE) best demonstrates the organizational independence of the internal audit activity?

The CAE seeks senior management approval of the internal audit charter

The CAE obtains senior management's approval to hire staff

The CAE reports significant issues to the organization's CEO

The CAE provides the board with an annual budget for approval

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Question 170

An accounts payable clerk has recently transferred Into the internal audit activity and has been assigned to an engagement related to accounts payable processes for which he was previously responsible Which of the following is the best action for the new internal auditor to take?

If it is an assurance engagement accept the assignment because direct knowledge of the existing accounts payable processes will provide depth and add more value

If it is a consulting engagement decline the assignment and ask to be reassigned, because in a consulting engagement the auditor must not assess operations for areas in which they were previously responsible

If it is a consulting engagement accept the assignment because direct knowledge of the existing accounts payable processes will provide depth and add more value

If it is an assurance engagement accept the assignment becausethe chief audit executive had knowledge of the internal auditor's previous role when this engagement was assigned

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Total 758 questions