IIA-CIA-Part2 V1

Which of the following statements concerning workpapers is the most accurate?A . The organization and the format of workpapers is the same for all engagements B. The extent of what is included in workpapers is a matter of professional judgment C. Workpapers should be complete so that every conceivable question...

Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?A . Proposing fine item recommendation lot the annual financial budget of the accounting department B. Making recommendations regarding financial approval authority limits for the operations department C. Validating whether employees are...

An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes. B. Audit risk...

Which of the following statements generally true regarding audit engagement planning?A . The best source tor detailed process information is senior management B. Audit objectives should be general and do not change. C. Computer-assisted audit techniques are typically not useful during engagement planning D. Internal auditors should prepare a dented...

Third-party opinion.A . 1 and 3 B. 1 and 4 C. 2 and 3 D. 2 and 4View AnswerAnswer: C

An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests. Based...

An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. What would be the best way for the auditor to gather relevant feedback?A . interview IT management in both regions B. Inspect regional user software training records...

Which of the following is an appropriate documentation of proper engagement supervision?A . A completed engagement workpaper review checklist. B. The supervisor's review notes on engagement workpapers. C. The email exchanges between the audit team and the supervisor. D. A supervisor's approval of resources allocated to the engagementView AnswerAnswer: B

According to HA guidance, the chief audit executive is directly responsible for which of the following?A . Maintaining a quality assurance program even in the absence of management support B. Periodically reviewing and approving the internal audit charier C. Providing opportunities for all staff auditors to satisfy their professional development...

Which of the following internal control attributes should internal auditors consider testing during a review of the board of directors?A . The presence of an independent critical mass B. The established philosophy and operating style of senior management C. The articulated internal control objectives of the organization D. The organization's...