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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 28

List of questions

Question 271

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Which of the following statements is true regarding the disclosure of results of the quality assurance and improvement program?

If the results of both internal and external assessments support conformance with the Standards, the internal audit activity must communicate this to the board and senior management in writing.
If the results of both internal and external assessments support conformance with the Standards, the internal audit activity must communicate this to the board and senior management in writing.
If it has been in existence fewer than five years and has no documented external assessment, the internal audit activity may not indicate that it is operating in conformance with the Standards.
If it has been in existence fewer than five years and has no documented external assessment, the internal audit activity may not indicate that it is operating in conformance with the Standards.
If nonconformance affects its ability to fulfill its professional responsibilities or stakeholder expectations, the internal audit activity should disclose nonconformance as well as its impact.
If nonconformance affects its ability to fulfill its professional responsibilities or stakeholder expectations, the internal audit activity should disclose nonconformance as well as its impact.
If an external assessment reflects an overall conclusion of nonconformance, the internal audit activity may continue to communicate that it conforms with the Standards if it discloses a remediation plan, including timeline with subsequent validation.
If an external assessment reflects an overall conclusion of nonconformance, the internal audit activity may continue to communicate that it conforms with the Standards if it discloses a remediation plan, including timeline with subsequent validation.
Suggested answer: C
asked 18/09/2024
JAVIER MARDOMINGO SALAZAR
37 questions

Question 272

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Following a quality assurance review of a small internal audit activity, the external reviewer and the chief audit executive (CAE) cannot agree on the importance of several deficiencies noted during the review. Which of the following would be the most appropriate next step for the reviewer to take?

Remove the areas of disagreement from the scope of the engagement and seek informal compromises with the CAE.
Remove the areas of disagreement from the scope of the engagement and seek informal compromises with the CAE.
Issue the report to senior management, noting the deficiencies for immediate resolution.
Issue the report to senior management, noting the deficiencies for immediate resolution.
Issue the report, noting the deficiencies with comments that address the areas of disagreement.
Issue the report, noting the deficiencies with comments that address the areas of disagreement.
Request arbitration from the audit committee to resolve discrepancies prior to issuing the final report
Request arbitration from the audit committee to resolve discrepancies prior to issuing the final report
Suggested answer: D
asked 18/09/2024
Franko Salajcik
39 questions

Question 273

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Which of the following activities should the chief audit executive perform to ensure compliance with an organization's code of conduct?

Act as an advisor to the committee responsible for reviewing violations of the code.
Act as an advisor to the committee responsible for reviewing violations of the code.
Review and adjudicate all violations of the code of conduct.
Review and adjudicate all violations of the code of conduct.
Lead the committee responsible for the oversight of the code.
Lead the committee responsible for the oversight of the code.
Implement a system of procedures to inform all employees of the code.
Implement a system of procedures to inform all employees of the code.
Suggested answer: A
asked 18/09/2024
Dirk Lamberts
47 questions

Question 274

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Which of the following best demonstrates the authority of the internal audit activity?

Suggesting alternatives to decision makers.
Suggesting alternatives to decision makers.
Improving the integrity of information.
Improving the integrity of information.
Determining the scope of internal audit services
Determining the scope of internal audit services
Achieving engagement objectives.
Achieving engagement objectives.
Suggested answer: C
asked 18/09/2024
Janko Schutte
33 questions

Question 275

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Which of the following would the chief audit executive be required to disclose in the communication of quality assessment results to senior management and the board?

The cost and frequency of both internal and external assessments.
The cost and frequency of both internal and external assessments.
Any assumptions made by the assessment team
Any assumptions made by the assessment team
A potential conflict of interest of the assessment team.
A potential conflict of interest of the assessment team.
The assessment team's execution plan of relevant procedures.
The assessment team's execution plan of relevant procedures.
Suggested answer: C
asked 18/09/2024
Katrina Allangba
43 questions

Question 276

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Outsourcing a business activity is considered which of the following risk management techniques?

Sharing a risk.
Sharing a risk.
Avoiding a risk.
Avoiding a risk.
Reducing a risk.
Reducing a risk.
Mitigating a risk
Mitigating a risk
Suggested answer: A
asked 18/09/2024
annalise ramdin
41 questions

Question 277

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An internal auditor performed a risk assessment and concluded that the controls over access privileges to a bank account were appropriate. Later, the auditor learned that a contractor was using a shared password provided by an authorized user of the account. Which of the following statements best describes the auditor's application of due professional care?

Due professional care was exercised, despite the auditor's failure to identify the significant risk.
Due professional care was exercised, despite the auditor's failure to identify the significant risk.
Due professional care was not exercised because the auditor failed to identify all the significant risks during the risk assessment.
Due professional care was not exercised because the auditor failed to identify all the significant risks during the risk assessment.
Due professional care was not exercised because the residual risk from the possibility of authorized users sharing their passwords was not considered.
Due professional care was not exercised because the residual risk from the possibility of authorized users sharing their passwords was not considered.
Due professional care was not exercised because the auditor failed to conduct interviews to obtain testimonial evidence of possible password sharing
Due professional care was not exercised because the auditor failed to conduct interviews to obtain testimonial evidence of possible password sharing
Suggested answer: C
asked 18/09/2024
AN KANGWOOK
51 questions

Question 278

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Which competency is required of all staff internal auditors prior to the commencement of an IT audit?

The ability to assess IT governance.
The ability to assess IT governance.
The ability to provide an on the risk profile of the organization to the board and senior management.
The ability to provide an on the risk profile of the organization to the board and senior management.
The ability to ensure that proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
The ability to ensure that proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
The ability to assess the potential for fraud risk and identifying common types of fraud associated with the engagement.
The ability to assess the potential for fraud risk and identifying common types of fraud associated with the engagement.
Suggested answer: A
asked 18/09/2024
FB Kalaidji
43 questions

Question 279

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According to IIA guidance, which of the following is the primary reason the chief audit executive discusses the internal audit charter with senior management and the board?

To provide guidance and solicit feedback on managing the internal audit activity as expected by various stakeholders.
To provide guidance and solicit feedback on managing the internal audit activity as expected by various stakeholders.
To provide an understanding of the Mission of Internal Audit and The IIA's mandatory guidance elements.
To provide an understanding of the Mission of Internal Audit and The IIA's mandatory guidance elements.
To provide an update on the internal audit activity's quality of engagement supervision.
To provide an update on the internal audit activity's quality of engagement supervision.
To provide information on existing internal audit planning, changes to the internal audit plan, and the rationale for the changes
To provide information on existing internal audit planning, changes to the internal audit plan, and the rationale for the changes
Suggested answer: D
asked 18/09/2024
Spencer Karenbauer
42 questions

Question 280

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A significant number of employees expressed concerns of a hostile work environment within a large manufacturing plant, which is in contrast to the organization's stated culture of tolerance and open communication. Which of the following approaches would be most effective for an internal auditor to assess whether the organization supports a culture of tolerance and open communication?

Assess plant employees' social media activity for specific messages related to tolerance and open communication
Assess plant employees' social media activity for specific messages related to tolerance and open communication
Compare plant employees' compensation and benefits with those at similar sized organizations that have a stated culture of tolerance and open communication.
Compare plant employees' compensation and benefits with those at similar sized organizations that have a stated culture of tolerance and open communication.
Evaluate organization policies and procedures for references related to encouraging tolerance and open communication.
Evaluate organization policies and procedures for references related to encouraging tolerance and open communication.
Conduct a meeting with all plant employees and management to discuss tolerance and open communication
Conduct a meeting with all plant employees and management to discuss tolerance and open communication
Suggested answer: C
asked 18/09/2024
sushma kc
44 questions
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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?
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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?