IIA Internal Audit Engagement - IIA-CIA-Part2 FREE EXAM DUMPS QUESTIONS & ANSWERS

An internal auditor finds inconsistencies in a risk area that needs immediate attention. Which of the following actions is most appropriate for the auditor?

Which of the following should be included in a company ' s year-end inventory valuation?

An engagement team is being assembled to audit of one of the organization ' s vendors Which of the following statements best applies to this scenario?

According to the Standards, which of the following is true regarding the auditor ' s inclusion of management ' s satisfactory performance in the final audit report?

An internal auditor is conducting an assurance engagement. One engagement objective is to evaluate the project manager's effectiveness at controlling project costs. Which of the following audit tests should be included in the engagement program?

Upon concluding the engagement fieldwork an internal auditor discusses the audit findings with operational management There is a greater likelihood that the auditor will obtain a responsive action plan from management when both parties agree on which of the following attributes of the audit finding?

An internal auditor recommended that an organization implement computerized controls in its sales system in order to prevent sales representatives from executing contracts in excess of their delegated authority levels A follow-up review found that the sales system had not been modified, but a process had been implemented to obtain written approval by the vice president of sales for all contracts in excess of S1 million The chief audit executive (CAE) would be justified in reporting this situation to the organization ' s board under which of the tollowing circumstances ' ?
1. In the opinion of the CAE the level of residual risk assumed by senior management is too high
2. Testing of compliance with the new process finds that all new contracts in excess of $1 million have been approved by the vice president of sales
3. The cost of modifying the sales system to include a preventive control is less than S100.000

According to the Standards, which of the following is leastimportant in determining the adequacy of an annual audit plan?

Which of the following statements about including consulting engagements in the annual internal audit plan is true?

Which of the following statements is true regarding corporate social responsibility (CSR)?