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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 38

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List of questions

Question 371

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During fieldwork, an internal auditor located a significant internal control issue. Without identifying the origins of the issue, the auditor concluded the engagement and included the issue in the f

Question 372

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According to IIA guidance, which of the following corporate social responsibility {CSR) evaluation activities may be performed by the internal audit activity?

Question 373

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A newly hired internal auditor is most likely to need further education in the area of business acumen in which of the following situations?

Question 374

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A newly hired internal auditor is performing an engagement that requires significant IT expertise that he does not possess. If the auditor does not alert the chief audit executive about his lack of

Question 375

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Which of the following is true about a system of internal control?

Question 376

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According to MA guidance, which of the following statements is true regarding internal auditors' use of technology-based techniques?

Question 377

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Which of the following scenarios best illustrates the concept of due professional care?

Question 378

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An organization is considering purchasing a new banking software system and has asked the internal audit activity to evaluate the system. An internal auditor assigned to perform the engagement worke

Question 379

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Which of the following statements best describes internal auditors' role in fraud detection?

Question 380

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The chief audit executive (CAE) planned an in-person group training to help internal auditors perform onsite inspections of an automobile manufacturing facility. The training would have allowed the

Question 371

During fieldwork, an internal auditor located a significant internal control issue. Without identifying the origins of the issue, the auditor concluded the engagement and included the issue in the final audit report. To enhance audit quality, which of the following skills should the internal auditor improve?

Business acumen.

Critical thinking.

Communication.

Audit report writing.

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Question 372

According to IIA guidance, which of the following corporate social responsibility {CSR) evaluation activities may be performed by the internal audit activity?

Consult on CSR program design and implementation

Serve as an advisor on CSR governance and risk management.

Review third parties for contractual compliance with CSR terms.

Identify and mitigate risks to help meet the CSR program objectives.

1,2, and 3.

1,2, and 4.

1, 3, and 4.

2, 3, and 4

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Question 373

A newly hired internal auditor is most likely to need further education in the area of business acumen in which of the following situations?

She was transferred from the managerial accounting department of the same organization.

She was recruited from the internal audit activity of another organization that operates in a different industry.

She was offered a permanent position after she had worked with the organization for two years in a temporary auditor-in-training position.

She previously served on the organization's external audit team and was recruited to the internal audit activity following the current year's financial audit.

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Question 374

A newly hired internal auditor is performing an engagement that requires significant IT expertise that he does not possess. If the auditor does not alert the chief audit executive about his lack of expertise and decides to perform the engagement anyhow, which principle of the IIA's Code of Ethics would he violate?

Due professional care.

Competency.

Effective communication

Professionalism

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Question 375

Which of the following is true about a system of internal control?

Internal control should be updated at least annually.

Technology does not change the internal control landscape.

Strategy should fit the system of internal control.

Articulating measurable objectives is part of internal control.

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Question 376

According to MA guidance, which of the following statements is true regarding internal auditors' use of technology-based techniques?

Auditors must consider using technology if it advances the engagement, even when implementation costs exceed the benefits.

Auditors must considering using technology to reduce the organization's risk by detecting all instances of fraud.

Auditors must consider using technology only when the Implementation cost does not exceed benefits.

Auditors must consider using technology in a variety of engagements to ensure that their work is substantiated and infallible.

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Question 377

Which of the following scenarios best illustrates the concept of due professional care?

After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.

After conducting an audit based upon a predefined scope and objective, the internal auditor guaranteed management that the system of internal controls in an audited area operates effectively.

As head of the internal audit activity, the chief audit executive reported functionally to the organization's board and administratively to senior management.

As head of the internal audit activity, the chief audit executive ensures that engagement supervisors conduct post-engagement staff meetings.

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Question 378

An organization is considering purchasing a new banking software system and has asked the internal audit activity to evaluate the system. An internal auditor assigned to perform the engagement worked at the software company two years ago and is familiar with the system's design strengths and weaknesses. Which of the following is true regarding impairment to the auditor's objectivity?

This situation does not necessitate any action related to the auditor's objectivity.

The auditor should decline to perform the audit because personal conflicts of interest are likely.

The auditor must disclose to the chief audit executive that this situation may impair her objectivity.

The auditor can provide only consulting services, not assurance.

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Question 379

Which of the following statements best describes internal auditors' role in fraud detection?

Internal auditors' roles are similar to those performed by loss prevention managers or fraud investigators.

Internal auditors' demonstration of adequate professional skepticism during an audit engagement is of paramount importance.

Internal auditors should consider fraud risks in every assignment and demonstrate due care by detecting fraud instances.

Internal auditors should possess a fraud-related body of knowledge, enabling them to carry out preventative and detective measures.

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Question 380

The chief audit executive (CAE) planned an in-person group training to help internal auditors perform onsite inspections of an automobile manufacturing facility. The training would have allowed the auditors to better understand the production of the organization's automobiles. However, a global health crisis has impacted the training by prohibiting in-person contact at the facility. Which of the following could the CAE use to provide auditors with a better understanding of the organization s production process?

A general web-based training on auditing manufacturing processes.

Self-study courses on the industry's production practices

Industry publications that discuss production methods

A virtual meeting with management that explains the production of automobiles

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Total 758 questions