- All Exams Instant Download
Which of the following needs to be established prior to undertaking an assessment of the quality assurance and improvement program?
Which of the following needs to be established prior to undertaking an assessment of the quality assurance and improvement program?A . Department performance standards. B. Remediation timeframes. C. Nonconformance disclosures. D. External assessment resourcesView AnswerAnswer: D
According to IIA guidance, which of the following statements is most relevant regarding the actions of the auditor?
At a conference, an interna! auditor presented a new computer-assisted audit technique developed by his organization. The presentation included sample data derived from performing audit engagements for the organization. Travel costs were paid by the conference organizers, and the trip was approved by the chief audit executive (CAE). However, neither...
Which of the following is most likely to be considered a control weakness?
Which of the following is most likely to be considered a control weakness?A . Vendor invoice payment requests are accompanied by a purchase order and receiving report. B. Purchase orders are typed by the purchasing department using prenumbered forms. C. Buyers promptly update the official vendor listing as new supplier...
Which of the following statements is true regarding electronic funds transfer (EFT)?
Which of the following statements is true regarding electronic funds transfer (EFT)?A . EFT is a popular mechanism for improving efficiency, but results in less internal control. B. EFT significantly reduces the risk of fraud by eliminating the need for authorizations. C. EFT eliminates payment delays due mostly to the...
Which of the following is an example of a directive control?
Which of the following is an example of a directive control?A . Segregation of duties. B. Exception reports. C. Training programs. D. Supervisory review.View AnswerAnswer: C
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?A . Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework. B. Develop a...
Which of the following handbook policies has the greatest risk of compromising audit objectivity?
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?
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?
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?
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
