IIA-CIA-Part1

Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook. Which of the following handbook policies has the greatest risk of compromising audit objectivity?A . Internal auditors should obtain 80 hours of continuing professional education every two years, 20 of which should be audit-related,...

Which of the following statements is true with regard to services provided by the internal audit activity?A . For consulting engagements, internal auditors do not need to be alert to control issues. B. Assurance and consulting services have similar objectives. C. Internal auditors may not perform assurance and consulting roles...

Which of the following types of policies best helps promote objectivity in the interna! audit activity's work?A . Policies that are distributed to all members of the internal audit activity and require a signed acknowledgment, B. Policies that match internal auditors' performance with feedback from management of the area under...

Which of the following is the primary engagement responsibility of an entry-level internal auditor?A . Leadership. B. Documentation. C. Analysis. D. Reporting.View AnswerAnswer: C

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 ( Standards). A recent external quality assessment concluded that the internal audit activity had substantial deficiencies that impact its overall operations....

According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?A . To enable Triple Bottom Line reporting capability. B. To facilitate the conduct of risk assessment. C. To achieve and maintain sustainable development. D. To fulfill regulatory and compliance...

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 that the recorded account balance is not materially misstated when, in fact, it is. The auditor's concern best describes which of...

Which of the following is the most effective way for internal auditors to determine whether ethical values are followed throughout the organization?A . Review the organization's ethical value structure and reporting procedures. B. Review what the organization considers to be ethical behavior, such as the employee code of conduct. C....

Which of the following best describes the type of risk that an adequately designed and effectively operating system of internal controls should mitigate?A . Net. B. Controllable. C. inherent, D. Residual.View AnswerAnswer: C

Which of the following documents would promote objectivity within an organization's internal audit activity?A . Internal audit charter. B. Internal audit manual. C. Audit committee charter D. Human resources employee handbook.View AnswerAnswer: B