IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 25

According to The IIA's Code of Ethics, which of the following statements is true?

According to The IIA's Code of Ethics, which of the following scenarios offers the best example of violating the principle of integrity?

An investment advisory firm purchased professional liability insurance to offer protection from lawsuits brought by customers claiming they received poor or erroneous advice. Which of the following best describes this risk management technique?

Which of the following statements is most likely to be true regarding a consulting engagement involving an organization's new payroll system?

An employee accepts cash payments from customers and does not record the sale. This is an example of which of the following types of fraud?

A large commercial bank was fined by regulators for fraudulent practices when employees, over a period of time, opened thousands of new accounts for existing clients without the clients' consent. It was later found that employees were given unrealistic new account targets and were aggressively monitored by management on a daily basis.

Which of the following controls would have most likely reduced the likelihood of the fraudulent practice from occurring?

Which of the following best demonstrates that an internal auditor is applying due professional care when planning an assurance engagement?

An internal audit team analyzed the organization's value-at-risk model during an assurance engagement and suggested several useful improvements. Management was impressed by the internal audit team's work and requested additional actions. Which of the following requested actions would impact internal audit independence most severely if fulfilled?

Which of the following actions taken during an audit engagement is the best demonstration of an internal auditor's due professional care?