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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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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?
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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 413 - IIA-CIA-Part2 discussion

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Which of the following actions is the most appropriate response for an internal auditor to take when a significant risk is identified during a consulting engagement?

A.
Report the risk identified from the consulting engagement to senior management.
Answers
A.
Report the risk identified from the consulting engagement to senior management.
B.
Do not include the risk in the assessment of risk management processes, as that is management's responsibility.
Answers
B.
Do not include the risk in the assessment of risk management processes, as that is management's responsibility.
C.
Do not report the risk, as it is out of scope for the consulting engagement.
Answers
C.
Do not report the risk, as it is out of scope for the consulting engagement.
D.
Include the risk identified from the consulting engagement in the next annual risk assessment only if it is part of the consulting engagement objectives.
Answers
D.
Include the risk identified from the consulting engagement in the next annual risk assessment only if it is part of the consulting engagement objectives.
Suggested answer: A
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asked 18/09/2024
stefano nicoletti
35 questions
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