IIA IIA-CIA-Part1 Quiz 76 Topic 2 Questions 376-380

Question: 1

Once the cause of a problem has been identified, the next step is to:

ASelect a solution.

BGenerate alternative solutions.

CIdentify the problem.

DConsider the reaction of competitors to various courses of action.

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Question: 2

A chief audit executive (CAE) of a major retailer has engaged an independent firm of information security specialists to perform specialized internal audit activities. The CAE can rely on the specialists' work only if it is:

APerformed in accordance with the terms of the contract.

BCarried out in accordance with the Standards.

CPerformed under the supervision of the information technology department.

DCarried out using standard review procedures for retailers.

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Question: 3

During an audit of a major contract, an internal auditor finds that actual hours and dollars billed are consistently at or near budgeted amounts. This condition is a red flag for which of the following procurement fraud schemes?

ADefective pricing.

BCost mischarging.

CFictitious vendor.

DBid rotation.

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Question: 4

Which of the following is characteristic of embezzlement?

AFavors from a supplier that is attempting to gain advantage when selling its products.

BUnlawful conversion of assets that are in the possession of an employee.

CMisrepresentation of material facts in order to mislead others to part with something of value.

DStealing of material of value by unknown persons from outside the organization.

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Question: 5

In which of the following situations would fishbone diagrams be most useful?

AThe problem is complicated and the root cause is unknown.

BTeam members cannot effectively communicate with each other.

CThe team is too small for brainstorming to be effective.

DThe team consists of experts who can resolve problems without much difficulty.

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IIA IIA-CIA-Part1 Quiz:76 Topic:2 Questions:376-380