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?
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 offers the feast evidence that the internal audit activity has achieved organizational independence?
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 751 - IIA-CIA-Part1 discussion

Report
Export

Which of the following would most likely represent an objectivity impairment for an internal auditor?

A.

Providing fraud awareness training and disseminating information regarding the organization's fraud hotline.

Answers
A.

Providing fraud awareness training and disseminating information regarding the organization's fraud hotline.

B.

Performing consulting services after disclosing that the auditor had previous responsibilities in the area under review.

Answers
B.

Performing consulting services after disclosing that the auditor had previous responsibilities in the area under review.

C.

Performing an assurance engagement related to the cash receipts process three years after transferring to the internal audit activity from accounts receivable.

Answers
C.

Performing an assurance engagement related to the cash receipts process three years after transferring to the internal audit activity from accounts receivable.

D.

Performing a compliance audit on a vendor prior to disclosing that the vendor's office manager is the auditor's brother.

Answers
D.

Performing a compliance audit on a vendor prior to disclosing that the vendor's office manager is the auditor's brother.

Suggested answer: D

Explanation:

Not disclosing a close relationship with a vendor being audited, such as having a sibling in a management position, creates a conflict of interest. The IIA stresses the importance of full disclosure to prevent impairments to objectivity.

Show Answer
asked 03/11/2024
Cristi Savin
50 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