IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 47

Which of the following actions best demonstrates an internal auditor exercising due professional care?

Which of the following is true regarding risk analysis?

According to IIA guidance, which of the following statements is true with regard to the chief audit executive's (CAE's) responsibility for conducting a self-assessment of the internal audit activity?

1 The CAE should select an independent reviewer or review team to perform sufficient tests of the self-assessment to validate the results 2 The CAE should validate results by engaging experienced audit professionals from a separate internal audit activity outside of the organization to reperform all of the tests conducted for the assessment 3. The CAE should select independent, nonaudit professionals who are knowledgeable about the organization and the industry in which it operates to assist with performing the self-assessment 4. The CAE may consider performing a self-assessment with independent external validation in Iieu of performing a full external assessment

An organization s board of directors has decided that the internal audit activity must have greater access to different pans of the organization in order to perform their assurance work effectively Which of !he following areas is the board seeking to improve by making this change?

According to HA guidance, which of the following statements is true regarding the internal audit activity's quality assurance and improvement program (QAIP)?

Which of the following is an example of the chief audit executive (CAE) demonstrating due professional care?

An electrician visits a client to assess the scope of work. After the visit, the sales office compiles and sends the client a proposal based on the electrician's estimation and approved price list. The internal auditor notices that in the last six months, the number of cancelled proposals has increased substantially. Which of the following is a fraud risk scenario that the auditor should consider in this situation?

Which type(s) of assessments in an internal audit activity's quality assurance and improvement program requires ongoing monitoring to evaluate internal audit activity's efficiency and effectiveness?

Which of the following demonstrates that the internal audit activity exercises due professional care?