ExamGecko
Search Search Login
Home Home / IIA / IIA-CIA-Part1
Question list
Search
Search

List of questions

Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

A new chief audit executive wants to develop a formal internal control framework for her organization. She uses globally accepted frameworks as a guide. Which of the following would she likely find critical in creating the new framework for her organization?
Which of the following offers the feast evidence that the internal audit activity has achieved organizational independence?
An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
Which of the following situations is most likely to threaten the independence of the internal audit activity?
Which of the following actions by an organization's board would potentially impair the internal audit activity's independence?
Which of the following actions does a competency assessment tool help the chief audit executive perform?
Which of the following is the internal audit activity expected to do with respect to the organization's governance processes?
Which of the following best demonstrates conformance with the Standards relating to continuing professional development of internal auditors?
Which of the following statements is true regarding risk management frameworks?
How can an Internal audit activity contribute to Its organization's risk assessment process?

Question 659 - IIA-CIA-Part1 discussion

Report
Export

An organization established 20 years ago has had its internal audit activity in place for the last three years. Which of the following would allow the internal audit activity to accurately state that it is in conformance with the Standards'?

A.

Documented assessment was performed by the audit committee and confirmed conformance.

Answers
A.

Documented assessment was performed by the audit committee and confirmed conformance.

B.

Internal and external assessments are performed annually, and nonconformance results are reported to the board.

Answers
B.

Internal and external assessments are performed annually, and nonconformance results are reported to the board.

C.

The independent and objective judgement of the chief audit executive confirmed conformance with the Standards.

Answers
C.

The independent and objective judgement of the chief audit executive confirmed conformance with the Standards.

D.

Documented internal assessments are performed periodically and confirm conformance.

Answers
D.

Documented internal assessments are performed periodically and confirm conformance.

Suggested answer: D

Explanation:

To state that it is in conformance with the Standards, the internal audit activity must conduct periodic internal assessments and document the results. These assessments ensure that the internal audit activity continuously aligns with the IIA Standards, and any nonconformance issues are identified and addressed.

Reference:

IIA's International Standards for the Professional Practice of Internal Auditing (Standards).

IIA Practice Guide on Quality Assurance and Improvement Program.

Show Answer
asked 03/11/2024
Randy Kana
33 questions
PreviousPreviousNextNext
User
Your answer:
0 comments
Sorted by

Leave a comment first

ExamGecko

Copyright @2023 ExamGecko | All right reserved

Mail us: [email protected]
About us
Contact us
Twitter X
Facebook
Medium
Convert VPLUS to PDF
Open VPLUS files Easily and Quickly
Privacy Policy
Disclaimer
Terms