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

List of questions

Question 161

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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
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
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
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
The individualism approach to ethical decision making is focused on implementing a customized long-term outcome that is most beneficial for the entire organization
Suggested answer: C
asked 18/09/2024
Ramzi Smair
39 questions

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 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
Business acumen
Persuasion and collaboration
Persuasion and collaboration
Critical thinking
Critical thinking
Communication
Communication
Suggested answer: C
asked 18/09/2024
Ranjan Gupta
35 questions

Question 163

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

Making sure employees are exempt from participating in control creation
Making sure employees are exempt from participating in control creation
Implementing controls without lengthy s of their purpose
Implementing controls without lengthy s of their purpose
Developing general constricting controls rather than detailed ones
Developing general constricting controls rather than detailed ones
Not using controls to achieve goals
Not using controls to achieve goals
Suggested answer: C
asked 18/09/2024
benakli rabah
29 questions

Question 164

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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 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
Risk is assessed on both an inherent and a residual basis
The framework addresses four organizational objective categories strategic, historical, operational, and investment
The framework addresses four organizational objective categories strategic, historical, operational, and investment
External risks and internal opportunities are omitted from the risk assessment scope
External risks and internal opportunities are omitted from the risk assessment scope
Suggested answer: B
asked 18/09/2024
dion alken
44 questions

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 internal auditor is most likely the foundation for this relationship?

Integrity
Integrity
Negotiation skills.
Negotiation skills.
Business acumen
Business acumen
Flexibility
Flexibility
Suggested answer: A
asked 18/09/2024
Rafal Piasecki
46 questions

Question 166

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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
Retaining evidence of training in the form of continuing education credits
Seeking guidance regarding internal audit best practices from The IIA
Seeking guidance regarding internal audit best practices from The IIA
Retaining supervisory reviews conducted on the basis of the development plan
Retaining supervisory reviews conducted on the basis of the development plan
Giving consideration to certain areas of specialization as part of development planning
Giving consideration to certain areas of specialization as part of development planning
Suggested answer: B
asked 18/09/2024
Tarnauceanu Diana
43 questions

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?

Description of internal audit activity's responsibilities
Description of internal audit activity's responsibilities
Definition of internal auditing
Definition of internal auditing
Statement of internal audit activity's authonty
Statement of internal audit activity's authonty
Description of internal audit activity's reporting structure
Description of internal audit activity's reporting structure
Suggested answer: D
asked 18/09/2024
Solange Castro
35 questions

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?

The auditor testifies in front of a jury about an organization's fraudulent financial practices after receiving a subpoena
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
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 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
The auditor communicates an audit opinion on fraud risk during an audit engagement's preliminary fraud risk assessment
Suggested answer: A
asked 18/09/2024
Peter Jennings
39 questions

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?

The CAE seeks senior management approval of the internal audit charter
The CAE seeks senior management approval of the internal audit charter
The CAE obtains senior management's approval to hire staff
The CAE obtains senior management's approval to hire staff
The CAE reports significant issues to the organization's CEO
The CAE reports significant issues to the organization's CEO
The CAE provides the board with an annual budget for approval
The CAE provides the board with an annual budget for approval
Suggested answer: D
asked 18/09/2024
NADIR YAHIA-CHERIF
36 questions

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 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 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 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 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
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
Suggested answer: C
asked 18/09/2024
Nicklas Magnusson
43 questions
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Related questions

A new chief audit executive wants to develop a formal internal control framework for her organization. She uses globally accepted frameworks as a guide. Which of the following would she likely find critical in creating the new framework for her organization?
A global manufacturing company has three regional offices. The chief audit executive (CAE) is concerned about the cost of an upcoming external quality assessment of the internal audit activity. The last external assessment was performed six years ago. Recently, the internal audit staff at one of the regional offices performed an internal assessment. To ensure conformance with the Standards, what is the most appropriate action for the CAE to take?
Which of the following statements is true regarding risk management frameworks?
To meet the resource requirements of this year's internal audit plan, the chief audit executive (CAE) has recruited additional staff auditors, including an employee who resigned as a senior supervisor from the accounts payable department two months ago. There is a scheduled accounts payable review that the CAE wants to start within the next five months. Which approach should the CAE take, knowing the expertise of his new recruit in the area intended to be audited?
An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
Which of the following requests, if accepted by the internal audit activity, would impair its independence?
Regarding the chief audit executive (CAE). which ot the following is considered an impairment to the independence of the internal audit activity?
An Internal auditor accepted a role as an engagement supervisor on a highly specialized and technical engagement for which she did not have the expertise. Which of the following fundamental principles of The IIA's Code of Ethics did she violate?
Which of the following would best preserve the organizational independence of the internal audit activity?
Which should the internal auditor first consider when assessing fraud risks during an engagement?