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QIA Exam Dumps : Qualified Internal Auditor

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Qualified Internal Auditor Questions and Answers

Question 1

During an interview with a data input clerk to discuss a computerized system used to track employee training requirements and compliance, an auditor identifies a potentially significant weakness in the system.

The auditor should

Options:

A.

Not mention the weakness, directly or indirectly, to avoid making the clerk uncomfortable.

B.

Ask indirect questions that will help get more factual information relating to the potential weakness.

C.

Ask the clerk about the weakness and determine immediately if the finding should be reported.

D.

Conduct a second interview after determining whether the weakness actually exists.

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Question 2

Which of the following is not an argument for principles-based approach to corporate governance?

Options:

A.

The same rules might not be suitable for every company

B.

There are some aspects of corporate governance that cannot be regulated easily

C.

Companies do not have the choice of ignoring the rules

D.

The most suitable corporate governance practices can differ between companies

Question 3

During the audit of inventories, an internal auditor specified a precision of 5% instead of the 4% contained in the preliminary audit program.

What would be the impact of the change in precision?

Options:

A.

A decrease in population standard deviation.

B.

An increase in population standard deviation.

C.

A decrease in required sample size

D.

An increase in required sample size