IIA IIA-CIA-Part1 Quiz 18 Topic 1 Questions 86-90

Question: 1

Which of the following is a requirement for an assurance engagement that may not be for a consulting engagement?

AThe internal audit activity has to ensure team members' objectivity is not impaired.

BAuditors cannot participate in an assurance engagement of a function for which they previously performed a consulting engagement.

CThe scope and objective of the engagement is agreed upon based on the engagement client's needs.

DThe internal audit activity must ensure management actions have been implemented effectively or risk accepted.

Show Answer

Question: 2

According to IIA guidance, which of the following statements is true when an internal auditor performs consulting services that improve an organization's operations?

AThe services must be aligned with those defined in the internal audit charter.

BThe services must not be performed by the same internal auditor who performed assurance services, in order to maintain objectivity.

CThe services may preclude assurance services from the consulting engagement.

DThe services impose no responsibility to communicate information other than to the engagement client.

Show Answer

Question: 3

Which of the following describes a key characteristic related to effective organizational communication?

AComprehensive supervisory and verification procedures.

BA well-designed system of internal controls.

CA culture of integrity and transparency.

DUnique operating environments with varying complexity.

Show Answer

Question: 4

Which of the following options is the most cost-effective and efficient way for internal auditors to keep current with the latest developments in the internal audit profession?

AAttending annual professional conferences and seminars.

BParticipating in on-the-job training in various departments of the organization.

CPursuing as many professional certifications as possible.

DMaintaining membership in The HA and similar professional organizations and subscribing to relevant email updates or news feeds.

Show Answer

Question: 5

Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?

1. Locking doors and physically securing inventory items.

2. Independently observing the receipt of materials.

3. Conducting monthly inventory counts.

4. Requiring the use of employee ID badges at all times.

A1 and 3.

B1 and 4.

C2 and 3.

D2 and 4.

Show Answer

IIA IIA-CIA-Part1 Quiz:18 Topic:1 Questions:86-90