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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 21

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List of questions

Question 201

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Which of the following activities aligns with The IIA's Core Principles for the Professional Practice of Internal Auditing?

Question 202

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Which of the following techniques should an internal auditor use in order to conduct an effective interview?

Question 203

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Which of the following is a consulting service the internal audit activity can perform with respect to the organization's risk management'?

Question 204

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According to IIA guidance, which of the following actions best demonstrates that due professional care has been considered by the internal audit activity when conducting a review of an organization'

Question 205

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Which of the following are considered root causes of fraud?

Question 206

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A newly appointed chief audit executive (CAE) is tasked with creating a new internal audit activity within the organization. Which of the following would the CAE need to include in the new internal

Question 207

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An internal auditor has completed an assurance engagement Which of the following is most likely true regarding the engagement?

Question 208

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According to IIA guidance, which of the following statements is true regarding risk management in an organization?

Question 209

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Which of the following scenarios best illustrates due professional care?

Question 210

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During the audit of taxation processes in the organization internal auditors have verified that all employees of the finance department received training on taxation guidelines. The training is mand

Question 201

Which of the following activities aligns with The IIA's Core Principles for the Professional Practice of Internal Auditing?

The chief audit executive reports to senior management for compensation decisions and communications of audit results to the board

Final reports from consulting engagements show the summary of findings, and the internal auditor's advice is clearly distinct and separate from management's decisions

Internal auditors rotate through operations and management positions then perform audit engagements on these areas to ensure timely application of their knowledge

Due to limited resources, internal auditors prioritize assurance on internal controls and risk management and exclude evaluating governance processes, which are deemed outside of their core responsibilities

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Question 202

Which of the following techniques should an internal auditor use in order to conduct an effective interview?

Use technical language to establish credibility with the employee being interviewed

Avoid straightforward questions to make the person being interviewed think before answering

Prepare the next question while the interviewee is responding to demonstrate preparedness

Appear confident but not arrogant during the interview to show professionalism

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Question 203

Which of the following is a consulting service the internal audit activity can perform with respect to the organization's risk management'?

Delivering assurance on the risk management system

Facilitating risk assessment workshops

Evaluating principal risk reporting

Deciding on the appropriate risk response

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Question 204

According to IIA guidance, which of the following actions best demonstrates that due professional care has been considered by the internal audit activity when conducting a review of an organization's assets?

Determining whether any opportunity exists for senior executives to misappropriate property or funds

Planning and executing fieldwork In a complete and timely manner to identify all significant risks

Verifying whether the board of directors has implemented effective internal controls

Having senior management determine whether the degree of work planned is sufficient to meet engagement objectives

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Question 205

Which of the following are considered root causes of fraud?

Rationalization and corruption

Corruption and opportunity

Opportunity and perceived need

Perceived need and weak internal controls

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Question 206

A newly appointed chief audit executive (CAE) is tasked with creating a new internal audit activity within the organization. Which of the following would the CAE need to include in the new internal audit charter?

The requirement to provide an annual cost analysis that justifies having an internal audit activity

The specific engagements that the internal audit activity will perform for the organization

The board s oversight role and responsibilities pertaining to the internal audit activity

The relevant regulations that will guide the internal audit activity's regulatory compliance assessments

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Question 207

An internal auditor has completed an assurance engagement Which of the following is most likely true regarding the engagement?

During audit planning, the auditor provided the client with the scope of the engagement for their agreement

The results of the engagement were included in a written report that was issued to the client who requested the engagement

During audit planning, the auditor determined that the engagement scope would include a review of the security and privacy of payroll records

The client requested the review of a new payroll system in order to improve the security of the system

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Question 208

According to IIA guidance, which of the following statements is true regarding risk management in an organization?

The risk management function has the sole responsibility for identifying and managing risks in all departments

Risk management is a core responsibility of the internal audit activity

The internal audit activity should consider the organization's maturity, structure, and the competitive environment to establish the organization's risk appetite

The internal audit activity may use a risk management or control framework to assist in risk identification

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Question 209

Which of the following scenarios best illustrates due professional care?

An internal auditor who previously worked in the payroll department within the last year was intentionally excluded by the chief audit executive from the audit team assigned to a payroll audit

While performing a payroll audit an auditor became skeptical about significant payments made to a manager. The auditor sought to determine whether these payments were reasonable through discussion with a manager in a different department in the organization

The head of the payroll department being audited is a business partner of the engagement supervisor During the audit the engagement supervisor sought to maintain his objectivity by not participating in fieldwork

An auditor assigned to a payroll audit was unable to reperform some complex payroll computations for a small number of employees The sum of these payments was below the materiality thresholds provided so the auditor did not perform further tests

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Question 210

During the audit of taxation processes in the organization internal auditors have verified that all employees of the finance department received training on taxation guidelines. The training is mandatory and is automatically assigned via email invitation to all new employees in the department Which type of controls have the auditors tested?

Directive

Preventive

Detective

Automatic

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Total 758 questions