IIA-CIA-Part2 Practice Questions
Internal Audit Engagement
Last Update 5 days ago
Total Questions : 747
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According to IIA guidance, which of the following objectives was most likely formulated for a non-assurance engagement?
Which of the following best describes the risk contained in an initial public offering for a new stock?
According to IIA guidance, which of the following procedures would be least effective in managing the risk of payroll fraud?
Which of the following would be the most effective fraud prevention control?
According to IIA guidance, which of the following factors should the auditor in charge consider when determining the resource requirements for an audit engagement?
Which of the following approaches would best help an internal auditor determine whether a retailer database of 100,000 customers has nay duplicate accounts?
An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping She wonders whether they can also modify orders after shipping. Which of the following types of controls should she examine?
Which of the following statements best demonstrates application of due professional care during an assurance engagement?
An internal auditor suspects that a program contains unauthorized code or errors. Which of the following would assist the internal auditor in this regard?
When determining the level of staff and resources to be dedicated to an assurance engagement, which of the following would be the most relevant to the chief audit executive?
During the planning stage of an assurance engagement, an internal auditor has been assigned to prepare a risk matrix. Which of the following should the internal auditor consider when attempting to identify process-level risks?
When estimating the impact of an inherent risk, which of the following should internal auditors consider?
An organization does not have a formal risk management function. According to the Standards, which of the following are conditions where the internal audit activity may provide risk management consulting?
1.There is a clear strategy and timeline to migrate risk management responsibility back to management.
2.The internal audit activity has the final approval on any risk management decisions.
3.The internal audit activity gives objective assurance on all parts of the risk management framework for which it is responsible.
4.The nature of services provided to the organization is documented in the internal audit charter.
An internal audit activity plans its engagements based on an organization-wide risk assessment. According to IIA guidance, which of the following statements is true regarding the required frequency of the risk assessment?
Which of the following offers the best explanation of why the auditor in charge would assign a junior auditor to complete a complex part of the audit engagement?
