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

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?
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?
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?

Question 384 - IIA-CIA-Part1 discussion

Report
Export

The internal audit activity is asked to provide consulting services regarding the risks related to implementing a proposed new Inventory management system. Which of the following would be a key consideration of the internal audit activity in accepting this engagement?

A.
Ask the inventory manager to determine whether the work planned would be sufficient to meet the consulting engagement objectives.
Answers
A.
Ask the inventory manager to determine whether the work planned would be sufficient to meet the consulting engagement objectives.
B.
Ensure that the method used to communicate the results of the consulting engagement is consistent with the board's preferred method.
Answers
B.
Ensure that the method used to communicate the results of the consulting engagement is consistent with the board's preferred method.
C.
Determine whether the benefits to be derived from the requested assessment would exceed the cost of providing the consulting service.
Answers
C.
Determine whether the benefits to be derived from the requested assessment would exceed the cost of providing the consulting service.
D.
Use email and telephone conversations to convey the results of the engagement, as these may prove to be the most efficient methods for communicating.
Answers
D.
Use email and telephone conversations to convey the results of the engagement, as these may prove to be the most efficient methods for communicating.
Suggested answer: A
Show Answer
asked 18/09/2024
Deniz Cimen
28 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