Free Qualified Info Systems Auditor CIA Challenge Exam Practice Questions

A.  

A complete, accurate, and comprehensive account of engagement observations and recommendations.

B.  

Oversight of the coordination between the internal audit activity and independent outside auditors

C.  

The internal audit activity's purpose, authority, responsibility, and performance relative to plan.

D.  

Management's assertions regarding the system of internal controls.

A.  

The senior auditors are unavailable, as they are currently working on other portions of the engagement

B.  

The auditor in charge believes that the junior auditor should obtain a specific type of experience.

C.  

The audit engagement has a tight deadline and the work must be completed timely.

D.  

The auditor in charge is unable to identify audit staff with all of the required skills needed to complete the engagement

A.  

Workpapers should be understandable to the auditor in charge and the chief audit executive

B.  

Workpapers should be understandable to the audit client and the board.

C.  

Workpapers should be understandable to another internal auditor who was not involved in the engagement.

D.  

Workpapers should be understandable to external auditors and regulatory agencies

A.  

The board is responsible for setting the organizational attitude through tone at the top.

B.  

The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities

C.  

The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.

D.  

The framework is designed to be effective for organizations no matter how small.

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 review

C.  

Policies that keep internal auditors in areas where they have vast audit expertise.

D.  

Policies that provide examples of Inappropriate business relationships

A.  

if the number of bicycles produced is increased by 15 percent, the variable cost per unit will increase proportionally

B.  

The fixed cost per unit will vary directly based on the number of bicycles produced during the production cycle.

C.  

The total variable cost will vary proportionally and inversely with the number of bicycles produced during a production run.

D.  

if the number of bicycles produced is increased by 30 percent, the fixed cost per unit will decline.

A.  

Email alert sent to management for checks issued over S100.000.

B.  

installation of a video surveillance system in a warehouse prone to inventory loss

C.  

New hire training to explain fraud and employee misconduct.

D.  

Daily report that Identifies unsuccessful system log-in attempts

A.  

Internal auditors' performance evaluation is primarily based on both client satisfaction surveys and cost savings identified from the audits

B.  

Standard training for each employee, including internal auditors, is 10 hours per year.

C.  

To enhance efficiency, Internal auditors should not be rotated regularly among engagements

D.  

Hiring practices include requiring potential auditors to disclose any significant stock ownership in the organization.

A.  

The scope of the engagement should be planned according to the internal audit activity's budgetand then aligned to the risk universe.

B.  

The audit engagement objectives should be based on operational managements view of risk objectives

C.  

The planning phase of the engagement should be completed and approved before the fieldwork of the engagement begins.

D.  

The main purpose of the engagement work program is to determine the nature and timing of procedures required to gather audit evidence

A.  

The nature of consulting services typically is not included in the charter.

B.  

The chief audit executive must formally review the charter at least once a year

C.  

The nature of assurances provided to parties outside of the organization typically is not included in the charter.

D.  

The charter typically defines the internal audit activity’s position within the organization.