IIA IIA-CIA-Part1 Quiz 72 Topic 1 Questions 356-360

Question: 1

According to IIA guidance, which of the following best describes acceptable methods for internal auditors to obtain qualified continuing professional education hours?

AVolunteering in relevant professional organizations, formal education, and online training courses.

BVolunteering in relevant professional organizations, formal education, and tutoring college students.

CVolunteering in relevant professional organizations, on-line training courses, and tutoring college students.

DFormal education, on-line training courses, and tutoring college students.

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Question: 2

According to IIA guidance, which of the following statements is true regarding the reporting of results from a quality assurance and improvement program review of the internal audit activity?

AA report on the results of the assessment is issued upon completion, and progress on implementing recommended improvements must be reported monthly.

BThe results are reported upon completion in confidence directly to the board, and management is advised only of the recommendations and improvement action plans.

CThe results are shared with the board and management upon completion, and monitoring of recommended improvements must be reported at least annually.

DThe results are communicated upon completion to the board and management, but action plans for recommended improvements do not have to be reported.

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Question: 3

Feedback on engagements from audit clients, annual benchmarking of the internal audit activity's (IAA's) performance against best practice, and analyses of project budgets and audit plan completion are all tools that can best be used by the IAA for which purpose?

ACompleting internal assessments.

BDetermining the level of residual risk.

CIdentifying conflicts of interest.

DDeveloping control processes.

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Question: 4

Which type of control is designed to directly mitigate internal and external risks at the organization wide level, furthering the achievement of many overall organizational objectives?

AProcess-level control.

BEntity-level control.

CTransaction-level control.

DComplementary control.

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Question: 5

A small not-for-profit organization with limited resources is unable to adequately maintain appropriate segregation of duties. Considering the organization's resource constraints, which type of controls would best mitigate segregation of duty risks?

AApplication controls.

BDetective controls.

CPreventive controls.

DCompensating controls.

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IIA IIA-CIA-Part1 Quiz:72 Topic:1 Questions:356-360