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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 29

List of questions

Question 281

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Which of the following scenarios best illustrates a rationalization as the root cause of potential fraud?

Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.
Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.
The controller at a nationwide manufacturing company recently opted to no longer require twoweek mandatory vacations for accounting staff.
The controller at a nationwide manufacturing company recently opted to no longer require twoweek mandatory vacations for accounting staff.
Security cameras that monitor cash handling at the register are not functioning.
Security cameras that monitor cash handling at the register are not functioning.
The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff
The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff
Suggested answer: A
asked 18/09/2024
Jacobo Montes
39 questions

Question 282

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Which of the following is a primary responsibility of senior management with respect to ethical violations?

Senior management provides oversight for the organization's ethical climate.
Senior management provides oversight for the organization's ethical climate.
Senior management promotes an ethical culture in the organization.
Senior management promotes an ethical culture in the organization.
Senior management assesses the effectiveness of the organization's ethical programs.
Senior management assesses the effectiveness of the organization's ethical programs.
Senior management reviews major ethical policies in the organization for compliance
Senior management reviews major ethical policies in the organization for compliance
Suggested answer: C
asked 18/09/2024
Danish Vohra
40 questions

Question 283

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With regard to IT governance, which of the following is the most effective and appropriate role for the internal audit activity?

Independently evaluate the skills and experience of potential chief information officer candidates to assess the best fit based on the organization's risk appetite.
Independently evaluate the skills and experience of potential chief information officer candidates to assess the best fit based on the organization's risk appetite.
Evaluate the organization's governance standards and assess IT-related activities to identify gaps and develop policies, ensuring alignment with the organization's risk appetite.
Evaluate the organization's governance standards and assess IT-related activities to identify gaps and develop policies, ensuring alignment with the organization's risk appetite.
Assist management in interpreting complex IT-related privacy and security risk exposures and evaluating potential mitigation strategies.
Assist management in interpreting complex IT-related privacy and security risk exposures and evaluating potential mitigation strategies.
Assess whether governance activities are aligned with the organization's risk appetite and take into consideration emerging risks
Assess whether governance activities are aligned with the organization's risk appetite and take into consideration emerging risks
Suggested answer: D
asked 18/09/2024
Rick van der Slot
41 questions

Question 284

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Which of the following best describes organizational governance processes?

Processes employed by internal and external assurance providers to authorize, direct, and provide oversight to management to better enable the meeting of organizational objectives
Processes employed by internal and external assurance providers to authorize, direct, and provide oversight to management to better enable the meeting of organizational objectives
Processes employed by the board of directors to authorize and provide guidance and oversight to management to promote the achievement of organizational objectives.
Processes employed by the board of directors to authorize and provide guidance and oversight to management to promote the achievement of organizational objectives.
Processes employed by the board of directors and senior management to mitigate risks to acceptable levels.
Processes employed by the board of directors and senior management to mitigate risks to acceptable levels.
Processes employed by risk owners to mitigate risks to acceptable levels within the organization's risk appetite
Processes employed by risk owners to mitigate risks to acceptable levels within the organization's risk appetite
Suggested answer: B
asked 18/09/2024
Paula Castanheira
42 questions

Question 285

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Which of the following is true with regard to an organization's risk management practices?

Risks represent a single point estimate
Risks represent a single point estimate
Each organization faces the same types of risk.
Each organization faces the same types of risk.
Risks may relate to failing to achieve positive outcomes.
Risks may relate to failing to achieve positive outcomes.
Mitigated risks are no longer considered to be inherent.
Mitigated risks are no longer considered to be inherent.
Suggested answer: A
asked 18/09/2024
Brent Kehoe
37 questions

Question 286

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Which of the following is the best way for internal auditors to demonstrate their proficiency to effectively carry out their professional responsibilities?

Volunteer for audit engagements in areas or industries in which the auditor is unfamiliar
Volunteer for audit engagements in areas or industries in which the auditor is unfamiliar
Sign an annual attestation indicating that the auditor has all required competencies to perform her job effectively.
Sign an annual attestation indicating that the auditor has all required competencies to perform her job effectively.
Obtain appropriate professional certifications or other designations.
Obtain appropriate professional certifications or other designations.
Disclose potential impairments to independence or objectivity prior to performing an audit engagement.
Disclose potential impairments to independence or objectivity prior to performing an audit engagement.
Suggested answer: C
asked 18/09/2024
Zdenek Kugler
33 questions

Question 287

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Which of the following is the best example of a computer forensic audit activity?

An internal auditor compared vendor addresses to employee home addresses.
An internal auditor compared vendor addresses to employee home addresses.
An internal auditor used analytical software to trace all disbursements processed on weekends.
An internal auditor used analytical software to trace all disbursements processed on weekends.
An internal auditor tried to circumvent the logical access controls of the purchasing system.
An internal auditor tried to circumvent the logical access controls of the purchasing system.
An internal auditor recovered emails of an employee who was suspected of fraudulent activities
An internal auditor recovered emails of an employee who was suspected of fraudulent activities
Suggested answer: D
asked 18/09/2024
Lonely Sayi
37 questions

Question 288

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An IT contractor applied for an internal audit position at a bank. The contractor worked for the bank's IT security manager two years ago. If the audit manager interviewed the contractor and wants to extend a job offer, which of the following actions should the chief audit executive pursue?

Allow the audit manager to hire the contractor and state that the individual is free to perform IT audits, including security.
Allow the audit manager to hire the contractor and state that the individual is free to perform IT audits, including security.
Not allow the audit manager to hire the contractor, as it would be a conflict of interest
Not allow the audit manager to hire the contractor, as it would be a conflict of interest
Allow the audit manager to hire the contractor, but state that the individual is not allowed to work on IT security audits for one year.
Allow the audit manager to hire the contractor, but state that the individual is not allowed to work on IT security audits for one year.
Not allow the audit manager to hire the contractor and ask the individual to apply again in one year.
Not allow the audit manager to hire the contractor and ask the individual to apply again in one year.
Suggested answer: A
asked 18/09/2024
james james
37 questions

Question 289

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Which of the following types of fraud tests would be most effective if an internal auditor was looking for possible fictitious vendors?

Checking for invoice amounts that do not match that of the purchase order.
Checking for invoice amounts that do not match that of the purchase order.
Searching for identical invoice numbers and payment amounts.
Searching for identical invoice numbers and payment amounts.
Running checks to uncover post office box addresses matching employee addresses.
Running checks to uncover post office box addresses matching employee addresses.
Comparing prices across vendors to see whether one vendor is unreasonably high.
Comparing prices across vendors to see whether one vendor is unreasonably high.
Suggested answer: A
asked 18/09/2024
Duncan Brundseaux
44 questions

Question 290

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According to IIA guidance, which of the following statements is true regarding proficiency?

The globally accepted Certified Internal Auditor designation is mandatory at chief audit executive levels.
The globally accepted Certified Internal Auditor designation is mandatory at chief audit executive levels.
Internal auditors are encouraged to obtain appropriate professional designations.
Internal auditors are encouraged to obtain appropriate professional designations.
Specialty designations are required for those who perform specialized audit and consulting work.
Specialty designations are required for those who perform specialized audit and consulting work.
Studies for professional designations are the preferred source of continuing professional education
Studies for professional designations are the preferred source of continuing professional education
Suggested answer: B
asked 18/09/2024
Tym Dom
52 questions
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Related questions

A new chief audit executive wants to develop a formal internal control framework for her organization. She uses globally accepted frameworks as a guide. Which of the following would she likely find critical in creating the new framework for her organization?
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?
Which of the following statements is true regarding risk management frameworks?
To meet the resource requirements of this year's internal audit plan, the chief audit executive (CAE) has recruited additional staff auditors, including an employee who resigned as a senior supervisor from the accounts payable department two months ago. There is a scheduled accounts payable review that the CAE wants to start within the next five months. Which approach should the CAE take, knowing the expertise of his new recruit in the area intended to be audited?
An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
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?