Free Qualified Info Systems Auditor CIA Challenge Exam Practice Questions

A.  

Advising new internal auditors working for the organization on how to develop strategies on planning audits for the upcoming fiscal year

B.  

Assessing whether the organization's corporate social responsibility program is meeting its yearly goals to reduce carbon emissions.

C.  

Briefing the organization's department managers on how to implement risk management processes into their daily operations.

D.  

Communicating with senior management to better understand how new purchasing controls will minimize payment processing time

A.  

Compare purchase orders generated from test data Input into the LAN with purchase orders generated from production data for the most recent period.

B.  

Develop a report of excess inventory and compare the inventory with current production volume.

C.  

Compare the parts needed based on current production estimates and the MRP for the revised production techniques with the purchase orders generated from the system for the same period

D.  

Select a sample of production estimates and MRPs for several periods and trace them into the system to determine that input is accurate

A.  

Knowledge/skills gap.

B.  

Monitoring gap.

C.  

Accountability reward failure

D.  

Communication failure

A.  

The internal audit activity will assess the effects of changes in maintenance strategy on the availability of production equipment

B.  

The internal audit activity will inform management on the possible risks of moving the data warehouse to a cloud server maintained by a third party.

C.  

The internal audit activity will ascertain whether the data center security arrangements are compliant with agreed terms

D.  

The internal audit activity will ensure equipment downtime risks have been managed in accordance with the internal policy.

A.  

Use the equity method to recalculate the investment carrying value

B.  

Confirm the securities held by the broker.

C.  

Perform a calculation of premium or discount amortization.

D.  

Compare the carrying value with current market quotations

A.  

The chief audit executive (CAE) reports administratively to the chief financial officer

B.  

The CAE oversees the effectiveness of the organization’s risk management function.

C.  

The CAE reports functionally to the CEO.

D.  

The CAE managed the finance department for the past five years.

A.  

The most recent risk assessment conducted by management of the area to be reviewed.

B.  

The requests of operational and senior management throughout the organization.

C.  

The preliminary risk assessment performed by internal auditors planning the engagement.

A.  

Wait for the next external assessment and address all of the missing information in the charter based on the recommendations from the external assessment team

B.  

Perform a review of HA guidance to become acquainted with the latest mandatory elements prior to updating the charter

C.  

Use an internal audit charter template from another organization that operates within the same industry.

D.  

Identify an individual within the internal audit activity who has in-depth knowledge of mandatory IIA guidance elements to address any gaps or areas of the current version of the charter that could be improved

A.  

Determine process outputs

B.  

Determine process inputs.

C.  

Determine process activities.

D.  

Determine process goals

A.  

Individual internal auditors

B.  

Chief audit executive.

C.  

The board

D.  

Engagement supervisors