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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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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?
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The external auditor has identified a number of production process control deficiencies involving several departments. As a result, senior management has asked the internal audit activity to complete internal control training for all related staff. According to IIA guidance, which of the following would be the most appropriate course of action for the chief audit executive to follow?
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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?

Question 399 - IIA-CIA-Part2 discussion

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According to IIA guidance, how should an internal auditor apply any relevant information obtained from an internal consulting engagement during a related internal audit engagement?

A.
Document any facts obtained and include them as part of the audit engagement workpapers.
Answers
A.
Document any facts obtained and include them as part of the audit engagement workpapers.
B.
Rely upon the information to draw conclusions about the effectiveness of controls.
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B.
Rely upon the information to draw conclusions about the effectiveness of controls.
C.
Use the knowledge obtained to evaluate the effectiveness of internal control processes.
Answers
C.
Use the knowledge obtained to evaluate the effectiveness of internal control processes.
D.
Objectivity requires that this information should not be used in any part of the audit engagement.
Answers
D.
Objectivity requires that this information should not be used in any part of the audit engagement.
Suggested answer: C
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asked 18/09/2024
Lietuvis Kau
32 questions
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