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List of questions

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 (

Question 572 - IIA-CIA-Part1 discussion

An audit engagement required that an internal auditor, using available tools, test a transaction population for a period The auditor decided to test a sample of transactions rather than the full population.

Results of the audit were reported as satisfactory to management. Subsequent to the audit report, fraud was discovered in the area audited and was found to include transactions that were in the relevant transaction population not tested by the auditor. The auditor later disclosed that he decided to test a sample because it was representative of the population and facilitated quicker testing.

Which of the following skills below, if improved, would most likely have prevented this situation?