- All Exams Instant Download
Which of the following can be used to minimize employees’ resentment of controls?
Which of the following can be used to minimize employees’ resentment of controls?A . Making sure employees are exempt from participating in control creation B. Implementing controls without lengthy explanations of their purpose C. Developing general constricting controls rather than detailed ones D. Not using controls to achieve goalsView AnswerAnswer:...
Which of the following is an indicator that the internal audit activity does not fully conform with the Standards?
Which of the following is an indicator that the internal audit activity does not fully conform with the Standards?A . The quality assurance and improvement program identified several opportunities for the internal audit activity to make improvements. B. In lieu of an external assessment, the internal audit activity performed a...
Which of the following statements best represents the duo professional care that is required of internal auditor’s?
Which of the following statements best represents the duo professional care that is required of internal auditor’s?A . Internal auditors should perform assurance procedures to ensure that all significant risks are identified. B. Internal auditor should not perform consulting engagements for operations for which they had previous responsibilities. C. Internal...
Which of the following practices, applied by the chief audit executive {CAE), most likely indicates an effective continuing professional educational program for the internal audit activity?
Which of the following practices, applied by the chief audit executive {CAE), most likely indicates an effective continuing professional educational program for the internal audit activity?A . The CAE tasks internal auditors with coordinating assurance activities with other providers across the organization. B. The CAE encourages auditors to volunteer to...
Which of the following best demonstrates internal auditors performing their work with proficiency?
Which of the following best demonstrates internal auditors performing their work with proficiency?A . Internal auditors meet with operational management at each phase of the audit process. B. Internal auditors adhere to The IIA’s Code of Ethics. C. Internal auditors work collaboratively with their engagement team. D. Internal auditors complete...
Regarding the chief audit executive (CAE). which of the following is considered an impairment to the independence of the internal audit activity?
Regarding the chief audit executive (CAE). which of the following is considered an impairment to the independence of the internal audit activity?A . The CAE reports administratively to the CEO. B. The CAE is asked to submit the liquidation of her travel allowances to human resources for approval. C. The...
What concerns should be considered prior to assigning the audit to the same auditor?
The same internal auditor has audited the regional purchasing department annually for the last three years. The audits have shown several significant control deficiencies that have not been corrected by management. New management is in charge of this regional purchasing department, and it is time to audit the department again....
Which of the following is true about corporate social responsibility (CSR)?
Which of the following is true about corporate social responsibility (CSR)?A . Social and environmental considerations are required parts of an organization's decision making B. The Global Reporting Initiative provides standards on required disclosures of CSR. C. CSR activities are overseen and managed by operational management. D. Internal auditors can...
According to IIA guidance, the internal audit activity must be free from interference in which of the following areas in order to maintain organizational independence?
According to IIA guidance, the internal audit activity must be free from interference in which of the following areas in order to maintain organizational independence?A . Monitoring resources. B. Compensating the chief audit executive. C. Determining scope. D. Allocating internal costs.View AnswerAnswer: B
Which of the following controls would be most useful to prevent an employee from using the organization's funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
Which of the following controls would be most useful to prevent an employee from using the organization's funds for inappropriate expenditures and falsifying financial records to conceal the fraud?A . Segregating duties in the payroll processes. B. Confirming receipt of goods or services. C. Performing background checks on newly hired...
