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

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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?

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?

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'?

Question 194

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

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)?

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?

Question 197

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

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?

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 t

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 beg

Question 191

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 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

The assurance engagement process ends with reporting

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Question 192

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 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

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

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Question 193

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

Creating and implementing new risk management processes

Maintaining sole responsibility for risk management within the organization

Setting the risk appetite of the organization

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Question 194

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

Management approval

Independent review

Reporting relationships

Quarterly assessment

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Question 195

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

External quality assessments should be conducted every seven years

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

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Question 196

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

Facility operation manager

Public relations manager

Regulatory agency

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Question 197

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 detect and investigate fraud

The ability to assess risk management strategies

The ability to create test databases

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Question 198

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

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

Auditors at the same level may be assigned different mentors and some auditors may have no mentor

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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 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

The chief audit executive schedules a self-assessment and the board approves the results

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Question 200

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

Confidentiality

Objectivity

No violation was committed

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Total 758 questions