최신 IIA-CIA-Part1 무료덤프 - IIA Essentials of Internal Auditing

A. A relative of an internal audit team member works m a department being reviewed

B. The internal audit budget is reduced by management requiring the removal of all lT-related engagements from the audit plan

C. An audit manager removes a finding from the draft report due to disagreements with the chief financial officer

D. The operating effectiveness of a control is reported as 'satisfactory." because no concerns were identified during planning

A. Operating Procedures of Internal Auditing.

B. Attestation of Quality Assurance.

C. Definition of Internal Auditing.

D. Statement of Independence.

A. The internal auditor should present material information to appropriate personnel within the organization without revealing confidential matters that could be detrimental to the organization.

B. The internal auditor should disclose all material information obtained by the date of the final engagement communication.

C. The internal auditor should reveal material facts that could potentially distort the reporting of activities under review.

D. The internal auditor should obtain all material information within the established time and budget parameters.

A. Performance measurement.

B. Setting the context.

C. Monitor and review

D. Communication.

A. Rotate internal audit assignments among members of the internal audit activity to minimize the effects of the current structure.

B. Request that the board restructure the reporting line of the internal audit activity to ensure the CAE has unrestricted access to the board.

C. Ensure the limitations are disclosed through communication with the board and senior management, so that the internal audit activity can continue operating under the same organizational structure.

D. Train internal auditors about organizational independence and have them sign an acknowledgment of understanding.

A. Internal auditors are most directly concerned with the detection of fraud, while external auditors are most directly concerned with the prevention of fraud.

B. Internal auditors evaluate past achievements to understand whether controls are operating effectively, and external auditors focus on the accuracy of financial reporting.

C. Internal auditors provide assurance about the sufficiency of controls to manage risks. Including risks of failure to achieve future goals, and external auditors evaluate the accuracy and understandability of financial reporting.

D. internal auditors are always employed by the organization, rather than outsourced, and external auditors are never employed by the organization but contracted independently.

A. The CAE regularly meets with the organization's chief risk officer, who validates all reported audit findings and dictates which will be Included In the package to the audit committee.

B. The chief audit executive (CAE) reports on the internal audit activity's day-to-day tasks and responsibilities to the CEO.

C. The internal audit activity will experience staffing shortages for the next six months due to planned and unplanned leaves of absence; therefore the CAE proposed including fewer audits in the annual audit plan compared to the previous financial year.

D. An assessment of the risk management function is reviewed by an outside consulting firm because the CAE is temporarily fulfilling the role of risk manager.

A. Examining the internal control effectiveness of the marketing department

B. Assessing the adequacy of the IT system's business process design

C. Reviewing the application controls in the human resources system

D. Facilitating a self assessment of the organizations business risk and control identification

A. External auditors.

B. Chief risk officer.

C. Board of directors.

D. Operations management.

A. Employee personal records in the permanent file are not updated in a timely manner

B. Employee salary is calculated by the payroll system without further verification.

C. Final employee payroll list is belatedly sent to the bank for payment processing.

D. Employee personal information in the payroll system could be updated without approval.

A. Determine me competencies needed and assess whatever team members have a conflict of interest.

B. Conduct a fraud risk assessment to the most vulnerable areas.

C. Identify and interview witnesses first potential suspects later.

D. Ask internal auditors to gather all relevant information evidence

A. Auditors must considering using technology to reduce the organization's risk by detecting all instances of fraud.

B. Auditors must consider using technology in a variety of engagements to ensure that their work is substantiated and infallible.

C. Auditors must consider using technology only when the Implementation cost does not exceed benefits.

D. Auditors must consider using technology if it advances the engagement, even when implementation costs exceed the benefits.

A. Hiring procedures do not include background checks for prospective job candidates.

B. Employees report suspicious activity by calling the organization's ethics hotline.

C. Management reports three potential ethics issues to the board of directors.

D. The sales department has failed to achieve targets for the last nine months.

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

B. The CAE reports functionally to the CEO.

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

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

A. Internal auditors discussed with management how data is safeguarded.

B. Internal auditors documented the scope and methodology of the data testing.

C. Internal auditors received formal performance feedback from the engagement supervisor.

D. Internal auditors found no instances of double billing and concluded there were no significant risks in this area.

A. Commitment.

B. Opportunity.

C. Pressure or incentive.

D. Rationalization.