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Question 1

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Which of the following is the most effective way for internal auditors to determine whether ethical values are followed throughout the organization?

Question 2

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Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?

Question 3

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A snow removal company is conducting a scenario planning exercise where participating employees consider the potential impacts of a significant reduction in annual snowfall for the coming winter. W

Question 4

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An internal auditor is performing testing to gather evidence regarding an organization's inventory account balance and is mindful of the possibility that the sample used might support the conclusion

Question 5

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Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?

Question 6

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Which of the following statements is true with regard to services provided by the internal audit activity?

Question 7

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The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that intern

Question 8

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While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. Which course of action should the audi

Question 9

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Which of the following is most likely to be considered a control weakness?

Question 10

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An internal audit activity includes in its audit reports the assertion that its work is performed in conformance with the International Standards for the Professional Practice of Internal Auditing (

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Related questions

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?

How can an Internal audit activity contribute to Its organization's risk assessment process?

Which of the following statements is true regarding a key difference between assurance and consulting services provided by the internal audit activity?

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?

Which of the following actions by an organization's board would potentially impair the internal audit activity's independence?

Which of the following statements is true regarding risk management frameworks?

A global manufacturing company has three regional offices. The chief audit executive (CAE) is concerned about the cost of an upcoming external quality assessment of the internal audit activity. The last external assessment was performed six years ago. Recently, the internal audit staff at one of the regional offices performed an internal assessment. To ensure conformance with the Standards, what is the most appropriate action for the CAE to take?

Question 361 - IIA-CIA-Part1 discussion

Report

Which of the following would be considered a primary control to reduce the risk associated with setting up duplicate vendors?

A.

Receipt of a signed and approved vendor setup form.

B.

Segregation of duties between setting up vendors and making vendor payments.

C.

System validation and edit checks on vendor identification number

D.

A vendor setup policy and procedure.

Show Answer

asked 18/09/2024

terence o oneill

37 questions

User

Your answer: A B C D

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