IIA IIA-CIA-Part2 Practice Test - Questions Answers, Page 18

The chief audit executive (CAE) should determine whether the internal audit activity has confirmed the status of all of management's corrective actions Doing so would help the CAE assess which of the following?

An internal audit activity is planning its first audit of IT shared services. Which of the following controls would typically be evaluated first?

To which of the following aspects should the chief audit executive give the most consideration while communicating an identified unacceptable risk to management?

Which of the following statements is true regarding the use of internal control questionnaires (ICOs)?

The internal audit manager has been delegated the task of preparing the annual internal audit plan for the forthcoming fiscal year All engagements should be appropriately categorized and presented to the chief audit executive for review Which of the following would most likely be classified as a consulting engagement?

Which of the following is one of the five basic tnanoal statement assertions when an internal auditor evaluates controls over financial reporting?

According to HA guidance, which of the following is the Key planning step internal auditors should perform to establish appropriate engagement objectives prior to starting an audit engagement?

At a construction company, an internal auditor is planning an audit of the company's process for designing and building grid connections The process involves customers making payments m three parts

* The first payment of 10% after approval of the customer s application

* The second payment of 70% prior to construction

* The third payment of 20% after construction is complete

Which of the following key controls should the auditor test to ensure that the company is not taking any unwanted credit risks?

As part of the preliminary survey, an internal auditor sent an internal control questionnaire to the accounts payable function Based on the questionnaire responses, the auditor determines that there is no established procedure for adding and approving new vendors. What would the auditor do next?