ExamGecko
Search Search Login
Home Home / IIA / IIA-CIA-Part2
Question list
Search
Search

List of questions

Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
Internal audit staff lacks the expertise to perform a fraud investigation engagement stemming from a whistleblowing incident. Which of the following is the most appropriate option for the chief audit executive?
According to the MA guidance, which of the following does the engagement work program test in a review of an organizational process?
An internal auditor wanted to determine whether company vehicles were being used for personal purposes She extracted a report that listed company vehicle numbers business units to which the vehicles are allocated travel dates, travel duration and mileage She then filtered the data for weekend dates Which of the following additional information would the auditor need?
According to an internal audit observation, the organization's rules of record management require all contracts to be registered and stored in a specific electronic system. One subsidiary has thousands of client contracts on paper, which are kept in the office because there are not enough assistants to scan the contracts into the system. Which of the following component should be added to this observation?
An examination of the accounts payable function evidenced multiple findings with respect to segregation of duties. After management's response and action plan are received and documented in the final report, which of the following is most appropriate?
Senior management wants assurance that third-party contractors are following procedures as agreed with the organization. Which type of audit would be most appropriate to achieve this objective?
An internal auditor wants to identity potential ghost employees in the organization's payroll system The auditor extracts the following data - Human resources data with employees' names addresses employment conditions and identification codes - Payroll data - Logs from entrance systems With this data, which of the following types of ghost employees will the auditor be able to identify?
A newly promoted chief audit executive (CAE) is faced with a backlog of assurance engagement reports to review for approval. In an attempt to attach a priority for this review, the CAE scans the opinion statement on each report. According to IIA guidance, which of the following opinions would receive the lowest review priority? 1. Graded positive opinion. 2. Negative assurance opinion. 3. Limited assurance opinion. 4. Third-party opinion.
After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party service provider on an as needed basis. Which of the following is most likely to be a disadvantage of this outsourcing decision?

Question 26 - IIA-CIA-Part2 discussion

Report
Export

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

A.
The CAE can release prior internal audit reports with the approval of the board and senior management.
Answers
A.
The CAE can release prior internal audit reports with the approval of the board and senior management.
B.
The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.
Answers
B.
The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.
C.
The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.
Answers
C.
The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.
D.
The CAE can release prior information provided it is as originally published and distributed within the organization.
Answers
D.
The CAE can release prior information provided it is as originally published and distributed within the organization.
Suggested answer: A

Explanation:

According to IIA guidance, the release of prior internal audit reports to external parties must be carefully managed to protect the confidentiality and integrity of the information. The CAE must obtain approval from the board and senior management before releasing such reports. This ensures that sensitive information is disclosed appropriately and in alignment with the organization's governance and compliance policies.

Reference: = IIA Standard 2060 - Reporting to Senior Management and the Board.

Show Answer
asked 18/09/2024
Faria Sah
37 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