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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 33

Question list

List of questions

Question 321

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Which of the following is most important for an internal auditor to consider when developing an approach for an audit engagement in a foreign country?

Question 322

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A third-party provider's questionable labor practices have exposed the organization to reputational risks and regulatory risks. Which of the organization's risk management practices was most likely

Question 323

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According to IIA guidance, which of the following training methods is considered most effective in assisting new entry-level internal auditors in achieving competence with internal audit practices i

Question 324

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Which of the following is part of a fraud detection program?

Question 325

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Which of the following is the best reason why the engagement supervisor should take care in explaining to local management the criteria that will be used to measure the effectiveness of the control

Question 326

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Which of the following is a limitation of detective internal controls in fraud management?

Question 327

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Which type of engagement requires that the client agrees with the techniques used by the internal audit activity?

Question 328

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According to the Standards, which of the following is a requirement for internal audit professional development plans?

Question 329

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To achieve conformance with the Standards, the chief audit executive must include which of the following activities in the quality assurance and improvement program (QAIP)?

Question 330

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Anew internal auditor suspects fraud is taking place. Which action should the new auditor take?

Question 321

Which of the following is most important for an internal auditor to consider when developing an approach for an audit engagement in a foreign country?

Currency exchange rates, as they relate to internal audit-related expenses.

Differences in typical working hours, compared to other countries.

The effects of subtle language nuances on translations.

Accepted practices that may be illegal in other countries.

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A third-party provider's questionable labor practices have exposed the organization to reputational risks and regulatory risks. Which of the organization's risk management practices was most likely ineffective?

The organization ensured that the third-party vendor provided the best pricing for the requested services.

The organization conducted quality control reviews of provided services to ensure industry standards were met.

The organization performed a due diligence review of all vendors during the bid review process.

The organization planned to issue a resolution concerning the third-party provider's labor practices.

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Question 323

According to IIA guidance, which of the following training methods is considered most effective in assisting new entry-level internal auditors in achieving competence with internal audit practices in the workplace?

Pursuance of an internal audit certification.

Enrollment in internal audit practice webinars.

Attendance of internal audit workshops.

Involvement in a variety of audit assignments.

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Question 324

Which of the following is part of a fraud detection program?

Whistleblower hotline.

Authority limits.

Background investigations

Evaluation of compensation programs.

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Question 325

Which of the following is the best reason why the engagement supervisor should take care in explaining to local management the criteria that will be used to measure the effectiveness of the control environment?

The assessment will cover soft controls and company values.

The assessment will focus on the policy for a particular process.

The assessment will lack a defined scope

The assessment will probably uncover fraud risks.

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Question 326

Which of the following is a limitation of detective internal controls in fraud management?

Implementation costs tend to be higher than the expected benefits.

They tend to be easy for fraudsters to circumvent.

They are not designed to improve efficiency of operations.

They are not effective in preventing fraud.

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Question 327

Which type of engagement requires that the client agrees with the techniques used by the internal audit activity?

A performance audit.

A sensitive fraud investigation.

A compliance audit

A consulting service.

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Question 328

According to the Standards, which of the following is a requirement for internal audit professional development plans?

Plans must include a path to certification so that each internal auditor has a certification in auditing finances.

Plans must ensure that staff development activities are based primarily on the skills and competencies needed to complete the audit plan.

Plans must include rotating audit areas so that auditors acquire business knowledge to be efficient in performing engagements.

Plans must include rotating auditors out into business units for temporary assignments so they can obtain more business knowledge.

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Question 329

To achieve conformance with the Standards, the chief audit executive must include which of the following activities in the quality assurance and improvement program (QAIP)?

Require board oversight of the QAIP.

Assess Standards conformance for each individual engagement.

Conduct a self assessment at least once every five years.

Report the results of the QAIP to senior management

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