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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 39

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Question 381

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According to the Standards, which of the following demonstrates the proficiency of an internal auditor?

Question 382

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According to MA guidance, which of the following is the strongest indicator of deficiencies in the risk management process?

Question 383

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Under which of the following circumstances should the final audit report include a disclosure of nonconformance with the Standards?

Question 384

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The internal audit activity is asked to provide consulting services regarding the risks related to implementing a proposed new Inventory management system. Which of the following would be a key cons

Question 385

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An internal audit of an organization's disbursement department revealed that multiple payments were made to legitimate vendors bearing fraudulent banking information belonging lo employees in the de

Question 386

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An internal audit activity is taking steps to promote professional development among the staff, and is in the process of implementing a mentorship program. According to HA guidance, which of the fol

Question 387

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During an audit of the purchasing department, an internal auditor identifies significant issues that could affect the organization's financial reporting. Management disagrees with the audit results.

Question 388

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Which of the following scenarios is a characterize of an organization with a highly effective ethical culture?

Question 389

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The principle that "no action should be taken that may harm in some way the least fortunate people" is an expression of which of the following more general ethical principles?

Question 390

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An organization employs ongoing monitoring and is considering implementing periodic evaluations to assess the continuing effectiveness of its risk management process. Which of the following statemen

Question 381

According to the Standards, which of the following demonstrates the proficiency of an internal auditor?

Each internal auditor must hold one or more certifications in the area of fraud and seek out continuing professional development related to fraud detection and fraud investigation.

Each internal auditor must have sufficient knowledge of IT risks and controls, and be able to evaluate the risk of fraud and the manner in which it is managed by the organization.

Each internal auditor on the engagement team must possess the same level of knowledge, skills, and other competencies as other auditors on the engagement team.

Each internal auditor must be paired, by the chief audit executive, with an individual who possesses the knowledge, skills, or other competencies required to complete the audit.

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Question 382

According to MA guidance, which of the following is the strongest indicator of deficiencies in the risk management process?

The periodic evaluation of risk ratings is primarily dependent on subjective assessments.

Separate evaluations of the risk management process were conducted, but the results were never integrated.

Management's primary objective is minimizing changes to the structure and operation of the risk management process.

Many aspects of the related enterprise risk management program are informal and undocumented.

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Question 383

Under which of the following circumstances should the final audit report include a disclosure of nonconformance with the Standards?

An external quality assessment of the internal audit activity is performed only once every five years.

The internal auditor provided negative assurance, because he found no evidence of misconduct.

The annual internal audit plan includes some consulting engagements that are based on opportunities rather than risks to the organization.

A new internal auditor moved into the internal audit activity from the payroll department and was immediately assigned to the payroll audit.

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The internal audit activity is asked to provide consulting services regarding the risks related to implementing a proposed new Inventory management system. Which of the following would be a key consideration of the internal audit activity in accepting this engagement?

Ask the inventory manager to determine whether the work planned would be sufficient to meet the consulting engagement objectives.

Ensure that the method used to communicate the results of the consulting engagement is consistent with the board's preferred method.

Determine whether the benefits to be derived from the requested assessment would exceed the cost of providing the consulting service.

Use email and telephone conversations to convey the results of the engagement, as these may prove to be the most efficient methods for communicating.

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Question 385

An internal audit of an organization's disbursement department revealed that multiple payments were made to legitimate vendors bearing fraudulent banking information belonging lo employees in the department. These vendors were initially set up with accurate banking information but were subsequently modified by disbursement officers with access to the vendor management system.

Which of the following controls would have likely prevented the fraudulent modification of vendors' banking information?

Management periodically reviews and verifies the information in the vendor master Tile.

Management's approval is required for update to vendors' banking information.

Management randomly audits a sample of payments to verify the accuracy of vendors' banking information.

Management's approval is required before payments can be processed.

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Question 386

An internal audit activity is taking steps to promote professional development among the staff, and is in the process of implementing a mentorship program. According to HA guidance, which of the following is important for a successful mentorship program?

It is best if the mentor is the chief audit executive.

Mentor meeting documentation should be retained in personnel files.

It should target both new hires and highly experienced staff.

Meetings with mentors should be formal and scheduled.

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Question 387

During an audit of the purchasing department, an internal auditor identifies significant issues that could affect the organization's financial reporting. Management disagrees with the audit results.

Which of the following responses best demonstrates the internal auditor has the necessary competencies related to professional Judgment and conflict management?

The auditor maintains his convictions and continues to proceed with the review process despite management's concerns related to the results.

The auditor bypasses management, discusses the results with the board, and seeks the board's input on how best to address the recommendations.

The auditor consults with other members of the audit team, and together they develop alternative recommendations that management may be more likely to accept.

The auditor meets with management to discuss the results and obtain a better understanding of the specific concerns.

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Question 388

Which of the following scenarios is a characterize of an organization with a highly effective ethical culture?

An organization implements and communicates to staff a formal and comprehensive code of conduct, which is clear and understandable.

An organization waives reference and background checks when hiring for certain sensitive positions in order to not violate potential employees' rights to privacy.

An organization punishes senior management more harshly for ethics violations than it would for lower-level staff to send a message throughout the organization.

An organization conducts surveys of employees, suppliers, and customers once every five years to determine the slate of the ethical climate in the organization.

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Question 389

The principle that "no action should be taken that may harm in some way the least fortunate people" is an expression of which of the following more general ethical principles?

Utilitarian benefits.

Personal virtues.

Religious injunctions.

Distributive justice.

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Question 390

An organization employs ongoing monitoring and is considering implementing periodic evaluations to assess the continuing effectiveness of its risk management process. Which of the following statements Is true with regard to such periodic evaluations?

Periodic evaluations are considered to be less objective than ongoing monitoring.

Periodic evaluations can be more effective than ongoing monitoring.

Periodic evaluation frequency may depend on the results of ongoing monitoring.

Periodic evaluations frequently identify problems more quickly than ongoing monitoring.

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Total 758 questions