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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 52

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List of questions

Question 511

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Which of the following fraud prevention measures is most likely to trigger undesired adverse behavior if improperly designed?

Question 512

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Which of the following would an internal auditor expect to find within an organization's internal control framework?

Question 513

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What is the primary purpose of The IIA's Code of Ethics?

Question 514

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Which of the following is an indicator that an organization's risk management processes are effective?

Question 515

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Which of the following would be addressed in the internal audit charter?

Question 516

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Which of the following should the internal audit activity establish to ensure auditors develop the appropriate skills for conducting audits?

Question 517

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Which of the following should be part of the internal audit activity's duties?

Question 518

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Which of the following statements is true regarding how the scope of a consulting engagement should be established?

Question 519

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According to The IIA's Code of Ethics, which of the following best describes the principle of integrity?

Question 520

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Which of the following best describes the approach the internal audit activity should take to assess and make appropriate recommendations to improve the organization?

Question 511

Which of the following fraud prevention measures is most likely to trigger undesired adverse behavior if improperly designed?

Disclosure of outside business activities

Ethics training programs

Compensation programs

Exit interviews

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Question 512

Which of the following would an internal auditor expect to find within an organization's internal control framework?

A compliance risk mitigation strategy to be implemented by the compliance function.

A statement of the organization s values, reflecting its attitude toward risk

Details of how each group from the Three Lines Model fits into the risk management strategy.

The risk appetite related to establishing and approving process

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Question 513

What is the primary purpose of The IIA's Code of Ethics?

Communicate specific activities appropriate to the performance of internal auditing

Promote ethical culture within corporations and other business organizations

Establish mandatory standards of competence for the practice of internal auditing

Establish principles and expectations governing behavior of individuals and organizations in the conduct of internal auditing

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Question 514

Which of the following is an indicator that an organization's risk management processes are effective?

Departmental objectives are managed by department heads and are independent of the organization's mission.

Organization wide mechanisms exist to enable the identification and assessment of all significant risks.

Department heads have the autonomy to determine risk responses that fall outside of the organizations risk appetite

Relevant risk information is captured and communicated primarily between management and the board

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Question 515

Which of the following would be addressed in the internal audit charter?

Expertise requirements for internal auditors

Functional and administrative reporting lines for the chief audit executive

Audit engagements to be completed in the next fiscal year

Budget requirements for each engagement

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Question 516

Which of the following should the internal audit activity establish to ensure auditors develop the appropriate skills for conducting audits?

An audit charter that includes the internal audit activity mission and vision

A policy encouraging audit staff to earn certifications

A quality assurance and improvement program to address audit risk areas

An internal audit plan that links engagements to strategic objectives

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Question 517

Which of the following should be part of the internal audit activity's duties?

Actively reporting to the governing body.

Providing risk management frameworks.

Assisting management in developing processes and controls to manage risks and issues.

Identifying and mitigating significant risks to the organization.

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Question 518

Which of the following statements is true regarding how the scope of a consulting engagement should be established?

The engagement client should be able to determine the scope to be applied to the engagement

The internal auditor should establish a scope that does not impair her objectivity

Any attempts by the engagement client to limit the scope should be considered a scope limitation

The scope should include reviewing the effectiveness of the internal control environment

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Question 519

According to The IIA's Code of Ethics, which of the following best describes the principle of integrity?

Auditors shall observe the law and make disclosures expected by the law and the profession

Auditors shall disclose all material facts known to them that if not disclosed may distort the reporting of activities under review

Auditors shall engage only in those services for which they have the necessary knowledge skills and experience

Auditors shall be prudent in the use and protection of information acquired in the course of their duties

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Question 520

Which of the following best describes the approach the internal audit activity should take to assess and make appropriate recommendations to improve the organization?

To evaluate an organization s governance processes for making strategic and operational decisions eternal auditors should review the organization s policies and processes related to staff compensation

To determine how an organization provides oversight of its isk management and control activities internal auditors should review board meeting minutes and the board policy manual

To assess how an organization promotes ethics and values both internally and among its external business partners, internal auditors should review the organization' s related objectives programs and activities

To evaluate how an organization ensures effective performance management and accountability internal auditors should review previously conducted risk assessments

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Total 758 questions