IIA Internal Audit Fundamentals - IIA-CIA-Part1 FREE EXAM DUMPS QUESTIONS & ANSWERS
Which combination of strategies would provide the best evaluation of the effectiveness of the organization ' s risk assessment activity?
1. Interview staff at various levels to discuss the organization ' s objectives, significant risks, and risk appetite.
2. Review board meeting minutes to determine whether the significant risks identified are communicated timely to the board.
3. Evaluate the adequacy and timeliness of management remediation actions by reviewing the control design, testing the controls, and reviewing monitoring procedures.
4. Review the professional development plans of internal audit staff to ensure all are competent to assess the organization ' s risk assessment activity.
1. Interview staff at various levels to discuss the organization ' s objectives, significant risks, and risk appetite.
2. Review board meeting minutes to determine whether the significant risks identified are communicated timely to the board.
3. Evaluate the adequacy and timeliness of management remediation actions by reviewing the control design, testing the controls, and reviewing monitoring procedures.
4. Review the professional development plans of internal audit staff to ensure all are competent to assess the organization ' s risk assessment activity.
Correct Answer: B
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Which of the following should play a leading role in overseeing the ethical atmosphere of an organization?
Correct Answer: B
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An internal auditor is reviewing employee travel expenses from the previous six months for fraud. Which of the following tests would best detect instances where personal travel has been claimed?
Correct Answer: D
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Which of the following documents most directly describes the guidelines for and importance of the objectivity of internal auditors?
Correct Answer: D
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Which of the following is a true statement regarding whistleblowing?
Correct Answer: C
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According to The IIA's Code of Ethics, which of the following best describes the principle of integrity?
Correct Answer: C
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If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?
Correct Answer: A
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Which of the following would be an important aspect of an internal auditor ' s role in fraud management?
Correct Answer: D
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In a small organization, management is unable to achieve adequate segregation of duties for its cash-handling procedures Therefore hidden surveillance cameras were installed to monitor cash-handling activities Which of the following best describes this type of control?
Correct Answer: D
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Which of the following options would include the policies and procedures that help ensure management's risk responses are accomplished?
Correct Answer: B
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