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IIA IIA-CIA-Part1 Practice Test - Questions Answers, Page 56

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List of questions

Question 551

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The organization s procurement manager asks the internal auditor to deliver training to the procurement team on the organization's third-party risk management process. Which of the following is the

Question 552

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How should the internal audit activity promote continuous improvement of organizational controls?

Question 553

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Which of the followIng would permit an internal audit activity to use the statement "conducted m conformance with the International Standards for the Professional Practice of Internal Auditing m aud

Question 554

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A newly hired chief audit executive is reviewing available documentation to provide evidence of conformance with the standard for continuing professional development. Which of the following document

Question 555

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An internal auditor wants to compare her organization's governance processes to those of a wellknown governance model. Which of the following approaches would the auditor take for this purpose?

Question 556

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An internal auditor has completed an assurance engagement. Which of the following is most likely true regarding the engagement?

Question 557

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Which of the following best demonstrates the application of due professional care?

Question 558

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An internal auditor is assessing how the organization processes financial transactions and whether written policies and procedures are followed. The auditor requested to meet with certain employees

Question 559

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During a procurement process audit the internal audit activity undertakes a fraud risk assessment and considers a range of possible fraud scenarios within the process. Which of the following scenari

Question 560

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During a quality assessment of the internal audit activity an auditor is assessing whether the independence of the internal audit activity is at risk of being compromised. According to IIA guidance,

Question 551

The organization s procurement manager asks the internal auditor to deliver training to the procurement team on the organization's third-party risk management process. Which of the following is the most appropriate response?

The internal auditor should reject the request it she previously worked in the procurement area to maintain objectivity

The internal auditor should reject the request if the internal audit team does not have the requisite expertise.

The internal auditor should accept the request and in fact she may assume some management responsibilities temporarily if the result is a relevant training benefit

The internal auditor may accept the request only if she defines the scope to ensure conformance with the Code of Ethics

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Question 552

How should the internal audit activity promote continuous improvement of organizational controls?

By assessing implementation of controls m individual processes during audit engagements

By identifying the most significant business processes and designing effective controls for those processes

By implementing an internationally accepted internal control framework across the organization

By facilitating control self-assessment sessions for managers responsible for business processes

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Question 553

Which of the followIng would permit an internal audit activity to use the statement "conducted m conformance with the International Standards for the Professional Practice of Internal Auditing m audit reports?

The result of a quality assurance and improvement program confirm there are no material issues.

Engagement workpapers are retained by the internet audit activity according to the retention and deletion policy.

The internal audit activity receives positive feedback from the managers of the areas that were under review.

internal auditors demonstrate proficiency by maintaining professional internal audit certifications

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Question 554

A newly hired chief audit executive is reviewing available documentation to provide evidence of conformance with the standard for continuing professional development. Which of the following documents is the most reliable source for this purpose?

The organization's training policy.

A list of auditors who requested to attend the next audit conference.

Self-assessments against an internally developed audit benchmark

In house training manual

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Question 555

An internal auditor wants to compare her organization's governance processes to those of a wellknown governance model. Which of the following approaches would the auditor take for this purpose?

Perform a gap analysis to assess me differences between the approaches

Assess the governance processes using computerized modeling techniques

identify any differences between the processes using a variance analysis

Benchmark the governance processes using a capability maturity modal

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Question 556

An internal auditor has completed an assurance engagement. Which of the following is most likely true regarding the engagement?

During audit planning the auditor provided the client with the scope of the engagement for their agreement

The results of tie engagement were included m a written report mat was issued to the cleint who requested me engagement

During audit planning the auditor determined that the engagement scope would include a review of the security and privacy of payroll records

The client requested the review of a new payroll system in order to improve the security of fie system

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Question 557

Which of the following best demonstrates the application of due professional care?

An engagement supervisor requests that the employment of a process owner be terminated due to a significant control failure.

An audit lead establishes internal audit manuals to guide the internal audit activity on now to undertake audit engagements.

An audit manager provides a guarantee to senior management that internal controls relating to an audited process operate effectively.

An organization's internal audit activity operates under a direct reporting structure to tie audit committee of the board

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Question 558

An internal auditor is assessing how the organization processes financial transactions and whether written policies and procedures are followed. The auditor requested to meet with certain employees to understand their related roles and responsibilities. However the employees refuse to meet with the auditor claiming they are too busy. Which of the following responses would best demonstrate the auditor's conflict-resolution skills?

The auditor considers the employees to be unresponsive and proceeds to document the actions and concerns as a scope limitation that can affect the engagement

The auditor considers other options to determine whether the employees are processing financial transactions as required by the organization

The auditor meets with senior management of the organization to discuss the employees' behavior and possible resolutions that would satisfy all parties

The auditor meets with the department supervisor and staff to discuss the employees' actions in order to obtain an understands and potential resolution

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Question 559

During a procurement process audit the internal audit activity undertakes a fraud risk assessment and considers a range of possible fraud scenarios within the process. Which of the following scenarios constitutes a pressure to commit fraud?

An employee believes his poor compensation package justifies engaging in unethical behavior.

The head of the department is the only signatory to purchase orders issued to third party contractors.

Some employees strongly believe monetary gifts from vendors is a means of saving for life after employment.

One of the employees was found to have an obsession with expensive jewelry

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Question 560

During a quality assessment of the internal audit activity an auditor is assessing whether the independence of the internal audit activity is at risk of being compromised. According to IIA guidance, which of the following would provide the best source of evidence for such an assessment?

An organizational chart showing the reporting line of the chief audit executive to the CEO

The internal audit charter as endorsed by the organization's governing body

A review of the audit opinions issued from a sample of recent audit engagements

An assessment of the scope of the audit work performed by the internal au<M activity

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Total 758 questions