- All Exams Instant Download
Which of the following decisions made during the testing phase of a compliance audit requires the most judgment by an internal auditor?
Which of the following decisions made during the testing phase of a compliance audit requires the most judgment by an internal auditor?A . Which sampling methodology to select for testing.B . Which fields to examine on each invoice.C . Whether an individual expenditure is allowable.D . What level of noncompliance...
According to IIA guidance, which of the following statements is true?
According to IIA guidance, which of the following statements is true?A . Risks in IT processes are best mitigated by individual controls.B . The overall focus of the framework is on significant controls in all critical IT applications.C . IT risks and related controls are operational and best identified using...
An internal auditor notes that employees are able to download files from the internet. According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?
An internal auditor notes that employees are able to download files from the internet. According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?A . Apply antivirus and patch management software.B . Utilize...
According to IIA guidance, which of the following is the best example of a system application control?
According to IIA guidance, which of the following is the best example of a system application control?A . A physical security control over a data center.B . A system development life cycle control.C . A program change management control.D . An input control over data integrity.View AnswerAnswer: D
Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?
Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?A . Suppliers' reports of over shipments.B . Warehouse receiving logs.C . Purchase requisitions and purchase orders.D . Observation and inspection of inventory.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
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 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
To address this concern, which of the following actions is most appropriate for the CAE to take?
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards. To address this concern, which of the following actions is most appropriate for the CAE to take? A. The CAE should agree with the audit...
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization. Which of the following controls would best mitigate the risk of employees receiving kickbacks...
