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Question 1

(0)

According to IIA guidance, which of the following actions might place the independence of the internal audit function in jeopardy?

Question 2

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According to IIA guidance, which of the following would not be a consideration for the internal audit activity (IAA) when determining the need to follow-up on recommendations?

Question 3

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Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?

Question 4

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Which of the following is a detective control for managing the risk of fraud?

Question 5

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Which of the following is a justifiable reason for omitting advance client notice when planning an audit engagement?

Question 6

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According to IIA guidance, organizations have the most influence on which element of fraud?

Question 7

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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 complet

Question 8

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Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?

Question 9

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Which of the following statements about internal audit's follow-up process is true?

Question 10

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A manufacturer is under contract to produce and deliver a number of aircraft to a major airline. As part of the contract, the manufacturer is also providing training to the airline's pilots. At the

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Related questions

How should an internal auditor approach preparing a detailed risk assessment during engagement planning?

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.

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?

According to IIA guidance which of the following statements is true regarding heat maps?

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?

Question 411 - IIA-CIA-Part2 discussion

Report

While reviewing the workpapers and draft report from an audit engagement, the chief audit executive (CAE) found that an important compensating control had not been considered adequately by the audit team when it reported a major control weakness. Therefore, the CAE returned the documentation to the auditor in charge for correction. Based on this information, which of the following sections of the workpapers most likely would require changes?

Effect of the control weakness.

Cause of the control weakness.

Conclusion on the control weakness.

Recommendation for the control weakness.

A.

1, 2, and 3.

B.

1, 2, and 4.

C.

1, 3, and 4.

D.

2, 3, and 4.

Show Answer

asked 18/09/2024

Gaetano di Girolamo

36 questions

User

Your answer: A B C D

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