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Which of the following would be considered a preventive control?
Which of the following would be considered a preventive control?A . A library control log.B . A review of exception reports.C . A password lock on a server.D . A software scan of financial records for irregularities.View AnswerAnswer: C
Which of the following risk management activities is most appropriate for an internal auditor to undertake?
Which of the following risk management activities is most appropriate for an internal auditor to undertake?A . Impose risk management processes.B . Coordinate risk management activities.C . Implement risk responses on management's behalf.D . Review the management of key risks.View AnswerAnswer: D
They can rely on evidence taken from the work of other assurance activities across the organization.
They can rely on evidence taken from the work of other assurance activities across the organization.A . 1 and 2.B . 1 and 3.C . 2 and 3.D . 3 and 4.View AnswerAnswer: C
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...
Which of the following controls is not appropriate for sales in a manufacturing organization?
Which of the following controls is not appropriate for sales in a manufacturing organization?A . Customers' orders are recorded promptly.B . Goods shipped are matched with valid customer orders.C . Goods returned are inspected for damage by the receiving department for proper disposition.D . Sales department approval is required for...
Why are preventative controls generally preferred to detective controls?
Why are preventative controls generally preferred to detective controls?A . Because preventive controls promote doing the right thing in the first place, and lessen the need for corrective action.B . Because preventive controls are more sensitive and identify more exceptions than detective controls.C . Because preventive controls include output procedures,...
When conducting an interview, an internal auditor is most likely to ask open-ended questions in order to:
When conducting an interview, an internal auditor is most likely to ask open-ended questions in order to:A . Obtain specific answers and maximize efficiency.B . Gather factual data on several different topics.C . Determine agreement or disagreement with a stated viewpoint.D . Obtain information based on the person's own perspective.View...
Which of the following would provide the best guidance to a chief audit executive who is setting internal audit staff requirements?
Which of the following would provide the best guidance to a chief audit executive who is setting internal audit staff requirements?A . A review of audit staff education and training records.B . Information about the audit staff size and composition of comparable organizations.C . Results from discussions of audit needs...
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
