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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 24

Question list

List of questions

Question 231

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Which of the following best describes the type of organizational culture known as adaptability culture'?

Question 232

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Which of the following internal control components has COSO identified as the most important?

Question 233

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An internal auditor was completely honest with operational management when delivering unfavorable audit results Which of the following best describes the IIA Code of Ethics principle that the audito

Question 234

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Which of the following is true for consulting engagements'?

Question 235

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Which of the following statements is true regarding control activities'?

Question 236

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Which of the following statements is true regarding consulting and assurance engagements performed by the internal audit activity'?

Question 237

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Which of the following is the first step in the process of identifying relevant fraud risk factors?

Question 238

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According to IIA guidance, which of the following best describes expense reimbursement fraud'?

Question 239

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The chief audit executive of an organization assigns audit resources to undertake a consulting engagement requested by senior management the previous year, and a scheduled assurance audit of the pro

Question 240

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The internal audit activity is performing an assessment of an organization's ethics program, and the engagement scope specifies a focus on the training program's design. According to IIA guidance, w

Question 231

Which of the following best describes the type of organizational culture known as adaptability culture'?

A results-oriented culture that values competitiveness and personal initiative

A culture that emerges in quick-response and high-risk decision-making environments

A culture that is characterized by low involvement with environmental and health issues

A culture that places high value on participation and meeting the needs of employees.

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Question 232

Which of the following internal control components has COSO identified as the most important?

Information and communication

Risk assessment

Control activities

Control environment

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An internal auditor was completely honest with operational management when delivering unfavorable audit results Which of the following best describes the IIA Code of Ethics principle that the auditor demonstrated?

Integrity

Objectivity

Competency

Transparency

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Question 234

Which of the following is true for consulting engagements'?

The internal audit activity must ensure management actions have been effectively implemented or risk accepted

A work program for the engagement is not required but may be developed

The nature of consulting services does not have to be in the internal audit charter

Risks identified from the engagement must be considered when evaluating the organization's risk management processes

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Question 235

Which of the following statements is true regarding control activities'?

Control activities are defined by management through risk mitigation strategies

Control activities should be defined for all business processes

If two organizations have identical objectives and structures their control activities would be the same

Organizations that are less regulated generally have more complex control activities than highly regulated organizations

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Question 236

Which of the following statements is true regarding consulting and assurance engagements performed by the internal audit activity'?

For both assurance and consulting engagements, the auditor must independently and objectively select the criteria for evaluation

For a consulting engagement, internal auditors and management jointly agree on the adequate criteria needed to evaluate governance, risk management, and controls. This is not true of assurance engagements

Engagement planning and fieldwork are similar for both types of engagements (there are no major differences) although the reporting process is different depending on which service is provided

For a consulting engagement objectives must address governance risk management and control processes to the extent agreed upon with the client. This is not true of assurance engagements

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Question 237

Which of the following is the first step in the process of identifying relevant fraud risk factors?

Identifying preventive and detective controls

Gathering information about the organization's business activities to gain an understanding of fraud risks

Engaging in strategic reasoning to anticipate the fraud scheme

The use of brainstorming, management interviews, analytical procedures and review of prior frauds.

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Question 238

According to IIA guidance, which of the following best describes expense reimbursement fraud'?

Theft of cash after it is recorded in the books

Theft of cash before it is recorded in the books

Theft of assets through fictitious or inflated invoices

Theft of assets through false mileage travel logs and meal charges

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Question 239

The chief audit executive of an organization assigns audit resources to undertake a consulting engagement requested by senior management the previous year, and a scheduled assurance audit of the procurement process Which of the following appropriately differentiates the two engagements?

The details of assurance services are expected to be included in the risk-based audit plan; this is not the case for consulting services.

The objectivity of assurance services is impaired when undertaken by internal auditors who have had recent prior responsibility in the area under review; this is not the case for consulting services

The performance of assurance services may be outsourced for competency gaps: this is not the case for consulting services.

The results of assurance services are required to be monitored; this is not the case for consulting services

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Question 240

The internal audit activity is performing an assessment of an organization's ethics program, and the engagement scope specifies a focus on the training program's design. According to IIA guidance, which of the following questions would be the most relevant?

Does the training include situations that require an ethical decision?

What percentage of employees have taken the training?

What are the results of the employee assessment of the organization's ethical climate?

Does the instructor provide feedback on the thought process to reach an ethical resolution?

1 and 2.

1 and 4.

2 and 3.

3 and 4.

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Total 758 questions