IIA-CIA-Part2 Practice Questions
Internal Audit Engagement
Last Update 4 days ago
Total Questions : 747
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Which of the following is the primary reason a chief audit executive should network with an organization’s executives?
According to IIA guidance, which of the following are the most important objectives for helping to ensure the appropriate completion of an engagement?
1. Coordinate audit team members to ensure the efficient execution of all engagement procedures.
2. Confirm engagement workpapers properly support the observations, recommendations, and conclusions.
3. Provide structured learning opportunities for engagement auditors when possible.
4. Ensure engagement objectives are reviewed for satisfactory achievement and are documented properly.
A senior internal auditor is hired within the internal audit activity for a period of two years before advancing to an operations manager role within the business operations team. When staffing arrangement is being used in this scenario?
In which of following scenarios is the internal auditor performing benchmarking?
During an audit of the accounts receivable (AR) process, an internal auditor noted that reconciliations are still not performed regularly by the AR staff, a recommendation that was made following a previous audit. Monitoring by the financial reporting function has failed to detect the shortcoming. Both the financial reporting function and AR report to the controller, who is responsible for implementing action plans. Which of the following supports the internal auditor ' s decision to combine both observations into one reported finding?
According to IIA guidance, which of the following objectives was most likely formulated for a non-assurance engagement?
While conducting an audit of a third party ' s Web-based payment processor, an internal auditor discovers that a programming error allows customers to create multiple accounts for a single mailing address. Management agrees to correct the program and notify customers with multiple accounts that the accounts will be consolidated. Which of the following actions should the auditor take?
1. Schedule a follow-up review to verify that the program was corrected and the accounts were consolidated.
2. Evaluate the adequacy and effectiveness of the corrective action proposed by management.
3. Amend the scope of the subsequent audit to verify that the program was corrected and that accounts were consolidated.
4. Submit management ' s plan of action to the external auditors for additional review.
According to IIA guidance, which of the following is the most appropriate action to be taken by the chief executive (CAE) if management refuses to accept audit recommendations and implement corrective actions, Even after escalation to senior management?
A chief audit executive (CAE) reviews the supervision of an internal audit engagement Which of the following would most likely assure the CAE that the engagement had adequate supervision?
A multinational organization has asked the internal audit activity to assist in setting up the organization ' s risk management system The chief audit executive (CAE) agrees to take on the engagement as a consultant. Which of the following tasks is appropriate for the CAE to undertake?
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?
An internal auditor is starting the fieldwork of an assurance engagement. The auditor will conduct a walkthrough of selected controls with control owners. What should be the primary objective of this walkthrough?
Which of the following types of policies best helps promote objectivity in the internal audit activity’s work?
