Home / IIA / IIA-CIA-Part1

IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 49

Question list

List of questions

Question 481

(0)

Upon completion of an external assessment as part of the quality assurance and improvement program (QAIP), the chief audit executive (CAE) reported the results to senior management and the board The

Question 482

(0)

What is the primary reason a chief audit executive should dedicate time and resources to support continuing professional development of internal audit staff?

Question 483

(0)

Whch ol the following would show appropriate disclosure of nonconformance with the Standards?

Question 484

(0)

Which of the following statements best represents the duo professional care that is required of internal auditor's?

Question 485

(0)

TrÂ» chiet audit executive (CAE) of large organization is preparing job descriptions to hire five new general internal audit staff, two new IT auditors and a senior auditer how is the CAE likely to

Question 486

(0)

The accounting department asked the chief audit executive (CAE) to perform a review of suspicious transactions The CAE was an accounting manager for the organization six months ago How should she re

Question 487

(0)

What is an appropriate first step in an internal auditor's fraud risk assessment to evaluate how the organization manages such risk?

Question 488

(0)

Which of the following would most likely be classified as a consulting engagement?

Question 489

(0)

Which of the following should play a leading role in overseeing the ethical atmosphere of an organization?

Question 490

(0)

IT management requires all employees in the IT department to attend annual training on the department's mission values and key performance measures This activity is designed to prevent which of the

Question 481

Upon completion of an external assessment as part of the quality assurance and improvement program (QAIP), the chief audit executive (CAE) reported the results to senior management and the board The CAE included the following elements in the report

- Qualifications and independence of me external assessment team

- Conclusions of assessors

- Corrective action plans

How should the CAE improve the aforementioned approach to reporting the resets of QAIP?

Senior management should be excluded from the reporting as the QAiP results must be communicated to re board only

The report can be streamlined by removing unnecessary information such as the qualifications and me independence of external assessors

The results must be snared with the external a auditors as well, so they can determine the extent to which they can rely on me work of the internal audit activity

The report should indicate that the external assessment must be performed at least once every five years

Show Answer Comment (0)

Question 482

What is the primary reason a chief audit executive should dedicate time and resources to support continuing professional development of internal audit staff?

To ensure that internal audit staff maintains high overall job satisfaction.

To ensure that internal audit staff acquired continuing professional education credits timely.

To ensure that top risks are mitigated to an acceptance level.

To ensure that internal audit staff have he competency to address high-priority risks.

Show Answer Comment (0)

Question 483

Whch ol the following would show appropriate disclosure of nonconformance with the Standards?

The chief audit executive (CAE) documented in the personal file a critical conflict of interest involving an internal audit on a upcoming contracting engagement.

The CAE discussed with the board an issue regarding the internal activity performing an IT engagement without proper skills and knowledge.

The CAE met with the peer review team to discuss an internal auditor's failure to meet the annual requirements for continuing professional education.

The CAE revealed to revealed to operational manager that he failed to appropriately consider risks while he was developing the audit plan.

Show Answer Comment (0)

Question 484

Which of the following statements best represents the duo professional care that is required of internal auditor's?

Internal auditors should perform assurance procedures to ensure that all significant risks are identified.

Internal auditor should not perform consulting engagements for operations for which they had previous responsibilities.

Internal auditors should consider the cost of assurance in relation to the potential benefits.

Internal auditors should device internal audit programs to confirm that the results are accurate.

Show Answer Comment (0)

Question 485

TrÂ» chiet audit executive (CAE) of large organization is preparing job descriptions to hire five new general internal audit staff, two new IT auditors and a senior auditer how is the CAE likely to describe IT requirements for me general internal audit statt positions?

The candidate must be able to apply data analytics tolls methodologies

The candidate must be able to evaluate IT governance and cybersecurity frameworks.

The candidate must be able to understand IT-elated risk and general controls

The candidate must be able to execute web servers, applications, and databases testing procedures.

Show Answer Comment (0)

Question 486

The accounting department asked the chief audit executive (CAE) to perform a review of suspicious transactions The CAE was an accounting manager for the organization six months ago How should she respond to the request?

Decline, if it is consulting engagement because she recently worked in the organization s accounting department

Accept, 11 is an assurance engagement, as she has been out of the department long enough to not impair objectivity.

Inform the accounting department mat me engagement can take place m the future once she has been removed from accounting for a longer period of time.

Accept, it is a consulting engagement with agreed-upon scope and services to be provided by me internal audit activity.

Show Answer Comment (0)

Question 487

What is an appropriate first step in an internal auditor's fraud risk assessment to evaluate how the organization manages such risk?

Develop preventive and detective controls

Identify potential fraud scenarios

Assess the impact and likelihood of fraud risks

Determine fraud risk responses

Show Answer Comment (0)

Question 488

Which of the following would most likely be classified as a consulting engagement?

Examining the internal control effectiveness of the marketing department

Assessing the adequacy of the IT system's business process design

Facilitating a self assessment of the organizations business risk and control identification

Reviewing the application controls in the human resources system

Show Answer Comment (0)

Question 489

Which of the following should play a leading role in overseeing the ethical atmosphere of an organization?

Internal audit activity

Operating management

Senior management

Board of directors

Show Answer Comment (0)

Question 490

IT management requires all employees in the IT department to attend annual training on the department's mission values and key performance measures This activity is designed to prevent which of the following conditions?

Knowledge's kills gap

Monitoring gap

Accountability/reward failure

Communication failure

Show Answer Comment (0)

Total 758 questions