IIA IIA-CIA-Part2 Practice Test - Questions Answers, Page 14

The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

Management has taken immediate action to address an observation received during an audit of the organization's manufacturing process Which of the following is true regarding the validity of the observation closure?

In a health care organization the internal audit activity provides overall assurance on governance, risk and control The chief audit executive advises and influences senior management, and the audit strategy leverages the organization's management of risk According to HA guidance which of the following stages of internal audit maturity best describes this organization?

An internal auditor conducted interviews with several employees, documented the interviews analyzed the summaries, and drew a number of conclusions. What sort of audit evidence has the internal auditor primarily obtained?

Which of the following situations is most critical for the chief audit executive to report to the board?

Which of the following statements regarding the risk management process' support of the internal audit activity is true?

An internal auditor observes a double payment transaction on a supplier invoice during an accounts payable engagement. Which of the following steps would be the most effective in helping the auditor determine whether fraud exists?

The final engagement communication contains the following observation:

The internal auditor discovered that three of the 10 contracts reviewed failed to meet the organization's competitive bidding requirements Management explained that senior management deemed these purchases to be critical and awarded them as sole-source.'

Which of the following components is missing in the documentation of the observation?

According to HA guidance, the chief audit executive is directly responsible for which of the following?