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CIA IIA-CIA-Part1 Syllabus Exam Questions Answers

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Total 858 questions

Internal Audit Fundamentals Questions and Answers

Question 117

Which of the following would provide the best support for internal auditors to meet their continuing professional development requirements?

Options:

A.

Access to online internal audit and business skills courses.

B.

Records of self-assessment reports completed by the internal audit staff.

C.

Cosourcing arrangements with external providers on specific engagements.

D.

Performance reviews comparing internal auditors ' achievements against specified goals.

Question 118

The chief audit executive of a large national retailer is reviewing the purpose and objectives of the organization ' s internal audit activity

Which of the following objectives is best aligned with The IIA ' s Mission of Internal Audit?

Options:

A.

To implement a quality assurance and improvement program

B.

To assess the effectiveness of internal controls over organizational assets

C.

To ensure internal auditors possess the competencies needed to perform their responsibilities

D.

To operate within the budget established by the board of directors

Question 119

Which of the following conditions classifies an engagement as a consulting service provided by the internal audit activity?

Options:

A.

The internal auditor assigned to the engagement previously worked in the area under review and lacks objectivity.

B.

The internal audit engagement will involve providing an opinion on the effectiveness of controls.

C.

The internal auditor assigned to the engagement was specifically requested by management of the area under review.

D.

he internal audit engagement involves only two parties: the internal auditor and the engagement client.

Question 120

Which of the following best describes the approach the internal audit activity should take to assess and make appropriate recommendations to improve the organization?

Options:

A.

To evaluate an organization s governance processes for making strategic and operational decisions eternal auditors should review the organization s policies and processes related to staff compensation

B.

To determine how an organization provides oversight of its risk management and control activities internal auditors should review board meeting minutes and the board policy manual

C.

To assess how an organization promotes ethics and values both internally and among its external business partners, internal auditors should review the organization ' s related objectives programs and activities

D.

To evaluate how an organization ensures effective performance management and accountability internal auditors should review previously conducted risk assessments

Page: 30 / 64
Total 858 questions