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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?
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?
Which of the following situations is most likely to threaten the independence of the internal audit activity?
Which of the following statements is true regarding a key difference between assurance and consulting services provided by the internal audit activity?
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?
The same internal auditor has audited the regional purchasing department annually for the last three years. The audits have shown several significant control deficiencies that have not been corrected by management. New management is in charge of this regional purchasing department, and it is time to audit the department again. What concerns should be considered prior to assigning the audit to the same auditor?
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Which of the following actions by an organization's board would potentially impair the internal audit activity's independence?

Question 299 - IIA-CIA-Part1 discussion

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An organization is testing a new IT system for digital data storage and security. The internal audit activity has been asked to evaluate the system in a consulting engagement. Although several internal auditors on staff are qualified to perform basic assessments of IT systems, none are familiar with the new system. Which of the following is a legitimate response to the prospective client?

A.
Decline the engagement.
Answers
A.
Decline the engagement.
B.
Proceed with the engagement, performing only those parts of the engagement that the internal auditors are qualified to perform.
Answers
B.
Proceed with the engagement, performing only those parts of the engagement that the internal auditors are qualified to perform.
C.
Accept the engagement and develop the additional competencies in-house prior to the engagement's starting date.
Answers
C.
Accept the engagement and develop the additional competencies in-house prior to the engagement's starting date.
D.
Make arrangements to obtain assistance from a competent IT auditing expert.
Answers
D.
Make arrangements to obtain assistance from a competent IT auditing expert.
E.
1 and 4 only.
Answers
E.
1 and 4 only.
F.
2 and 3 only.
Answers
F.
2 and 3 only.
G.
1. 2, and 3 only.
Answers
G.
1. 2, and 3 only.
H.
1, 3, and 4 only.
Answers
H.
1, 3, and 4 only.
Suggested answer: A
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asked 18/09/2024
SAM E REYES
34 questions
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