Home / IIA / IIA-CIA-Part1

IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 5

Question list

List of questions

Question 41

(0)

According to IIA guidance, which of the following statements is true regarding due professional care?

Question 42

(0)

Senior management has decided to adopt the key principles approach of the ISO 31000 risk management framework. According to IIA guidance, which of the following principles is most appropriate when i

Question 43

(0)

A multinational organization has asked the internal audit activity to assist in setting up the organization's risk management system. The chief audit executive (CAE) agrees to take on the engagement

Question 44

(0)

Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook. Which of the following handbook policies has the greatest risk of compromising audit objectivity?

Question 45

(0)

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

Question 46

(0)

According to NA guidance, which of the following corporate sociaf responsibility (CSR) evaluation activities may be performed by the internal audit activity?

Question 47

(0)

Which of the following is an example of a directive control?

Question 48

(0)

Which of the following is a true statement regarding whistleblowing?

Question 49

(0)

Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity's knowledge, skills, and competencies?

Question 50

(0)

Which of the following skills is most important for an internal auditor who facilitates control selfassessment workshops to possess?

Question 41

According to IIA guidance, which of the following statements is true regarding due professional care?

Internal auditors must exercise due professional care to Insure that all significant risks will be identified,

Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor

Due professional care requires the internal auditor to conduct extensive examinations and verifications to ensure fraud does not exist,

Due professional care is displayed during a consulting engagement when the internal auditor focuses on potential benefits of the engagement rather than the cost.

Show Answer Comment (0)

Senior management has decided to adopt the key principles approach of the ISO 31000 risk management framework. According to IIA guidance, which of the following principles is most appropriate when implementing the risk management process in a dynamic agency?

Everyone in the agency has a primary responsibility for identifying and managing risks as part of the risk management process.

The risk management process, while evaluating risk, should develop a mechanism to rank the relative importance of each risk.

The risk management process should be regularly reviewed and respond to changes in the environment, to remain relevant.

The risk management process should use a formal technique to consider the consequence and likelihood of each risk.

Show Answer Comment (0)

Question 43

A multinational organization has asked the internal audit activity to assist in setting up the organization's risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant. Which of the following tasks is appropriate for the CAE to undertake?

Coordinate and facilitate risk workshops for management to attend.

Establish the degree of risk appetite for management to accept.

Set risk indicators and mitigation plans for management to implement

Determine the number of significant risks for management to report to the board.

Show Answer Comment (0)

Question 44

Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook.

Which of the following handbook policies has the greatest risk of compromising audit objectivity?

Internal auditors should obtain 80 hours of continuing professional education every two years, 20 of which should be audit-related, and the remainder may be operations-related.

Internal auditors should rotate to other areas of the organization for nonaudit assignments to gain an understanding of the organization's operations.

Internal auditors should have direct and unrestricted access to personnel and information throughout the organization and the governing board.

Internal auditors should undergo annual performance appraisals conducted by the chief audit executive, who reports administratively to the chief financial officer.

Show Answer Comment (0)

Question 45

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

ISO 26000.

Global Reporting Initiative.

Open Compliance and Ethics Group.

COSO's enterprise risk management framework

Show Answer Comment (0)

Question 46

According to NA guidance, which of the following corporate sociaf 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.

Show Answer Comment (0)

Question 47

Which of the following is an example of a directive control?

Segregation of duties.

Exception reports.

Training programs.

Supervisory review.

Show Answer Comment (0)

Question 48

Which of the following is a true statement regarding whistleblowing?

Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.

Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behavior

Whistleblowers are current or former employees who are disgruntled and looking to retaliate.

Whistleblowers should inform the organization about actual criminal circumstances, not assumed allegations

Show Answer Comment (0)

Question 49

Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity's knowledge, skills, and competencies?

Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework.

Develop a competency assessment tool for the internal audit activity based on The IIA Global Internal Audit Competency Framework.

Incorporate the basic criteria for competency of the internal audit activity into the job descriptions of potential internal auditors,

Develop an internal audit activity plan for training internal auditors to perform required assurance and consulting activities.

Show Answer Comment (0)