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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 40

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List of questions

Question 391

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Which of the following statements is true with regard to the quality assurance and improvement program (GAIP)?

Question 392

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Which of the following represents a deficiency in the control environment?

Question 393

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According to MA guidance, which of the following is the most accurate statement regarding the internal audit charter?

Question 394

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The chief audit executive (CAE) has hired a new internal auditor who was immediately assigned to a procurement function audit. Because the new auditor's name is similar to that of the procurement ma

Question 395

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Which of the following statements is the most appropriate for a chief audit executive to include in the internal audit policy manual in order to promote objectivity?

Question 396

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Which of the following best demonstrates the board of directors' governance over internal control?

Question 397

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The results of an assessment of the adequacy of controls would be considered incomplete or misleading unless the internal auditor considers which of the following?

Question 398

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Which of the following would be considered an indicator that an organization's ethics program is not yet well developed?

Question 399

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Which of the following is most likely to impair the internal audit activity's independence?

Question 400

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According to IIA guidance, which of the following activities is appropriate for an internal auditor to perform with regard to the organization's corporate social responsibility (CSR) program?

Question 391

Which of the following statements is true with regard to the quality assurance and improvement program (GAIP)?

As the head of the organization, the CEO selects and appoints the external quality assessment team to perform the OAIP reviews.

The chief audit executive determines the scope and frequency of both internal and external quality assessments based on the availability and capacity of resources in accordance with the annual internal audit plan.

Minutes of meetings held with senior management and the board to discuss the scope and frequency of internal and external assessments support the OAIP reporting requirement.

The internal audit activity needs to assess whether each engagement on the annual internal audit plan is conducted in conformance with the Standards.

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Question 392

Which of the following represents a deficiency in the control environment?

The sales department has failed to achieve targets for the last nine months.

Employees report suspicious activity by calling the organization's ethics hotline.

Hiring procedures do not include background checks for prospective job candidates.

Management reports three potential ethics issues to the board of directors.

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Question 393

According to MA guidance, which of the following is the most accurate statement regarding the internal audit charter?

The IIA's Code of Ethics must exist outside of the charter to maintain independence.

The charter must be approved by both senior management and the board.

The nature of consulting services does not need to be defined in the Internal audit charter.

The charter provides a framework for performing a broad range of value-added audit services.

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Question 394

The chief audit executive (CAE) has hired a new internal auditor who was immediately assigned to a procurement function audit. Because the new auditor's name is similar to that of the procurement manager, some staff members think the two are related, although they are not. Which of the following actions is most appropriate for the CAE to take?

Take no action, as there is no impairment to independence.

Remove the new internal auditor from the engagement team.

Discuss the matter with the appropriate personnel to alleviate concerns.

Closely supervise the new auditor and carefully review his work.

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Question 395

Which of the following statements is the most appropriate for a chief audit executive to include in the internal audit policy manual in order to promote objectivity?

Internal auditors may conduct a financial effectiveness engagement in a business unit at any point after being transferred from that area.

Internal auditors may conclude that a business unit's current control environment is adequate and effective if the review of the prior year's workpapers and audit report supports that conclusion.

Internal auditors may conduct an engagement in a business unit at any point after providing a training workshop in that area.

Internal auditors should limit the scope of an engagement if they become aware of a potential impairment of their objectivity in order to reduce the potential impact of the impairment on the engagement results.

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Question 396

Which of the following best demonstrates the board of directors' governance over internal control?

The board bears direct responsibility for developing and implementing the internal control system.

The majority of board members are experienced and qualified members of the organization's executive management team.

The board may be assisted by an audit committee, chaired by the chief audit executive.

The board is responsible for succession planning for the CEO and other key members of the executive management team.

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Question 397

The results of an assessment of the adequacy of controls would be considered incomplete or misleading unless the internal auditor considers which of the following?

Number of mitigating controls.

Effectiveness of the control environment

Use of computer-assisted auditing techniques.

IT security controls

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Question 398

Which of the following would be considered an indicator that an organization's ethics program is not yet well developed?

Disciplinary actions for ethics compliance violations are reviewed by the internal audit activity for consistency.

Communication of ethics compliance expectations is the responsibility of employees' direct managers.

The organization's code of ethics and related compliance policy are reviewed annually for potential updates.

The board of directors reviews ethics oversight metrics for violations and compliance.

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Question 399

Which of the following is most likely to impair the internal audit activity's independence?

Undertaking audit work in an area where internal auditors lack the necessary skills.

Establishing an internal audit activity without documented policies and procedures.

Assigning compliance responsibilities to the chief audit executive.

Concluding that an internal control is effective without first obtaining evidence

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Question 400

According to IIA guidance, which of the following activities is appropriate for an internal auditor to perform with regard to the organization's corporate social responsibility (CSR) program?

Determine whether the organization has adequate controls to achieve its CSR objectives.

Facilitate a management self-assessment of CSR controls and results.

Consult on the project design and implementation for the CSR program.

Exclude CSR-related external risks that are beyond the control of the organization.

1 and 2 only.

1, 2 and 3 only.

2, 3, and 4 only.

3 and 4 only.

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Total 758 questions