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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 20

List of questions

Question 191

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Regarding assurance and consulting services provided by the internal audit activity which of the following statements is correct?

The nature and scope of a consulting engagement are determined by the internal audit activity based on its risk assessment
The nature and scope of a consulting engagement are determined by the internal audit activity based on its risk assessment
The nature and scope of an assurance engagement are subject to agreement with management of the area under review
The nature and scope of an assurance engagement are subject to agreement with management of the area under review
Both assurance services and consulting services can be focused on controls or performance or both
Both assurance services and consulting services can be focused on controls or performance or both
The assurance engagement process ends with reporting
The assurance engagement process ends with reporting
Suggested answer: C
asked 18/09/2024
R. M.
44 questions

Question 192

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Which of the following statements represents the most appropriate correlation between an organization's risk maturity and the internal audit activity's consulting role in risk management processes?

When an organization has a high level of risk maturity the internal audit activity is less likely to provide consulting services related to risk management
When an organization has a high level of risk maturity the internal audit activity is less likely to provide consulting services related to risk management
When an organization has a low level of risk maturity, the internal audit activity is less likely to provide consulting services related to risk management
When an organization has a low level of risk maturity, the internal audit activity is less likely to provide consulting services related to risk management
When an organization has a high level of risk maturity the internal audit activity is more likely to provide consulting services related to risk management
When an organization has a high level of risk maturity the internal audit activity is more likely to provide consulting services related to risk management
There is typically no correlation between an organization's risk maturity and the extent to which the internal audit activity's consulting role in risk management processes
There is typically no correlation between an organization's risk maturity and the extent to which the internal audit activity's consulting role in risk management processes
Suggested answer: D
asked 18/09/2024
Henry R L Thom
37 questions

Question 193

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Which of the following is a legitimate role for the internal audit activity in the organization's risk management process'?

Championing the establishment of a nsk management framework
Championing the establishment of a nsk management framework
Creating and implementing new risk management processes
Creating and implementing new risk management processes
Maintaining sole responsibility for risk management within the organization
Maintaining sole responsibility for risk management within the organization
Setting the risk appetite of the organization
Setting the risk appetite of the organization
Suggested answer: A
asked 18/09/2024
Maria Gervasi
41 questions

Question 194

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According to IIA guidance, which of the following is a required aspect of an internal audit charter?

Management approval
Management approval
Independent review
Independent review
Reporting relationships
Reporting relationships
Quarterly assessment
Quarterly assessment
Suggested answer: C
asked 18/09/2024
Elena Albu
44 questions

Question 195

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Which of the following is a legitimate requirement for an internal audit activity's quality assurance and improvement program (QAIP)?

Quality assessments should be performed by individuals with sufficient knowledge of the internal audit practices
Quality assessments should be performed by individuals with sufficient knowledge of the internal audit practices
External quality assessments should be conducted every seven years
External quality assessments should be conducted every seven years
All quality assessments should be either conducted or validated by an independent assessment team
All quality assessments should be either conducted or validated by an independent assessment team
The results of the QAIP should be communicated to shareholders annually
The results of the QAIP should be communicated to shareholders annually
Suggested answer: D
asked 18/09/2024
Malik Adeel Imtiaz
33 questions

Question 196

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Which of the following parties would be responsible for ongoing monitoring of the organization's corporate social responsibility activities to reduce its carbon footprint?

Chief audit executive
Chief audit executive
Facility operation manager
Facility operation manager
Public relations manager
Public relations manager
Regulatory agency
Regulatory agency
Suggested answer: B
asked 18/09/2024
Reinhard KOhl
42 questions

Question 197

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Which of the following would be considered advanced expertise which most internal auditors are not expected to possess'?

The ability to evaluate fraud risk
The ability to evaluate fraud risk
The ability to detect and investigate fraud
The ability to detect and investigate fraud
The ability to assess risk management strategies
The ability to assess risk management strategies
The ability to create test databases
The ability to create test databases
Suggested answer: B
asked 18/09/2024
Rostyslav Skrypnyk
53 questions

Question 198

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According to IIA guidance, which of the following statements is true regarding mentoring programs designed to assist internal auditors with their professional development?

The mentor must have a higher position in the organization than the mentee
The mentor must have a higher position in the organization than the mentee
An auditor s supervisor is best positioned to serve as the auditor's mentor
An auditor s supervisor is best positioned to serve as the auditor's mentor
Meetings between a mentor and a mentee should be formal and well documented
Meetings between a mentor and a mentee should be formal and well documented
Auditors at the same level may be assigned different mentors and some auditors may have no mentor
Auditors at the same level may be assigned different mentors and some auditors may have no mentor
Suggested answer: B
asked 18/09/2024
Isidre Piguillem
44 questions

Question 199

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An external assessment of an organization's internal audit activity was last completed four years ago Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor
The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor
The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity
The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity
An external auditor conducts an audit of the organization which includes information about the internal audit activity
An external auditor conducts an audit of the organization which includes information about the internal audit activity
The chief audit executive schedules a self-assessment and the board approves the results
The chief audit executive schedules a self-assessment and the board approves the results
Suggested answer: A
asked 18/09/2024
federico monaco
41 questions

Question 200

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A business unit manager was impressed by the competence of the internal auditor who was conducting an assurance engagement in his area and the manager made the auditor an attractive job offer to begin after the audit was completed The auditor later told her auditor in charge that she was considering the offer. Which of the following IIA Code of Ethics principles was most likely violated?

Integrity
Integrity
Confidentiality
Confidentiality
Objectivity
Objectivity
No violation was committed
No violation was committed
Suggested answer: C
Explanation:

Topic 3, Exam Pool C

asked 18/09/2024
Evgeniy Lyashonkov
37 questions
Total 758 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?