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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
According to IIA guidance, which of the following objectives of an assurance engagement for the organization's risk management process is valid?
According to IIA guidance, which of the following objectives of an assurance engagement for the organization's risk management process is valid?A . All risks have been identified and mitigated.B . Risks have been accurately analyzed and evaluated.C . All controls are both adequate and efficient.D . The board is appropriately...
Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?
Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?A . The CAE initials and dates every working paper after it has been reviewed.B . The CAE completes an engagement working paper checklist.C ....
Why is a code of ethics for the internal audit profession necessary?
Why is a code of ethics for the internal audit profession necessary?A . It ensures that all members of the profession possess the same level of competence.B . It provides auditors with protection from lawsuits.C . It guides internal auditors in their service to others.D . It requires auditors to...
According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?
According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?A . It increases the likelihood of obtaining the audit client's agreement with the results.B . It ensures that an appropriate chain of evidence is maintained...
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 does not need to be defined in the internal audit charter?
Which of the following does not need to be defined in the internal audit charter?A . The audit engagements to be performed during the upcoming year.B . The internal audit activity's position within the organization.C . The scope of internal audit activities.D . Management and the board of directors' agreement...
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...
According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?
According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?A . The board.B . The chief audit executive.C . Senior management.D . The external auditors.View AnswerAnswer: B
Which of the following techniques would best assist an internal auditor in evaluating the efficiency of a wholesale grocery distributor`s process to fill and package orders for shipping?
Which of the following techniques would best assist an internal auditor in evaluating the efficiency of a wholesale grocery distributor`s process to fill and package orders for shipping?A . A Bedford analysis of orders filled to average delivery times.B . Decision trees rating actual performance against requirements.C . Queuing theory...
