CIA Changed IIA-CIA-Part1 Questions

Essentials of Internal Auditing Questions and Answers

Question 105

Which of the following is a true statement regarding controls such as ethical values, tone at the top and operational style?

Transaction testing, mapping and flowcharting is applicable while testing such controls

Breakdowns in the these types of controls have historically led to fraudulent financial reporting

Such controls can be defined as inherently ob)ective and tangible elements of control

From an audit perspective it is significantly easier to assess ethical values than segregation of duties

Question 106

Which of the following represents an example of an ethical issue that the organization should address'?

An employee discovered that there is no personal protective equipment at a temporary construction site

An employee saw that a group of other employees were smoking in close proximity to petrol distribution tanks

A supervisor insists that an employee complete time sheets regularly

An employee received concert tickets from a vendor and asked whether she could keep them

Question 107

According to IIA guidance, which of the following threats to objectivity is described as familiarity'?

An internal auditor is a close friend or relative of the manager or an employee of the audit client

An internal auditor has a long-term business relationship with the audit client.

An internal auditor has an economic stake in the performance of the organization

An internal auditor is exposed to or perceived to be exposed to pressures from external parties

Question 108

When would on-the-job training be more effective?

When participants already have a certain degree of experience and knowledge.

When it makes up the largest part of the training budget.

When it includes ongoing feedback and coaching from experienced team members.

When it is standardized for the whole entire staff.