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Which of the following methods would be most effective and efficient in completing this task?
An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and efficient in completing this task?A . Process mapping.B . Interviewing.C . Monitoring.D . Distributing questionnaires.View AnswerAnswer: A
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?A . Analytical review.B . Inquiry.C . Document verification.D . Observation.View AnswerAnswer: A
Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?
Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?A . A risk and control matrix.B . A flowchart.C . A walk-through.D . A process narrative.View AnswerAnswer: A
Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store's cash function?
Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store's cash function?A . The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.B . The auditor tested...
Which type of control does this scenario represent?
A computer system automatically locks a user's account after three unsuccessful attempts to log on. Which type of control does this scenario represent?A . Corrective control.B . Preventive control.C . Detective control.D . Compensating control.View AnswerAnswer: B
Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?
Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?A . A risk and control matrix.B . A flowchart.C . A walk-through.D . A process narrative.View AnswerAnswer: A
According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?
According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?A . Benchmarking of the internal audit activity's practices and performance.B . Report of internal assessment results, response plans, and outcomes.C . Analysis of performance metrics such as cycle times.D . Self-assessments...
executive to consider this candidate?
A candidate has applied for an entry level internal audit position. The candidate holds a CISA (Certified Information Systems Auditor) designation, and has six months of audit experience, but limited knowledge of accounting principles and techniques. According to the IIA guidance, which of the following is the most relevant reason...
What type of risk management strategy is being employed when an organization installs two firewalls to provide protection from unauthorized access to the network?
What type of risk management strategy is being employed when an organization installs two firewalls to provide protection from unauthorized access to the network?A . Diversifying the risk that network access will not be available to legitimate, authorized users.B . Accepting the risk that there may be attempts at unauthorized...
Which type of control does this scenario represent?
A computer system automatically locks a user's account after three unsuccessful attempts to log on. Which type of control does this scenario represent?A . Corrective control.B . Preventive control.C . Detective control.D . Compensating control.View AnswerAnswer: B
