IIA IIA-CIA-Part1 Quiz 38 Topic 3 Questions 186-190

Question: 1

Which of the following is not an appropriate activity for internal auditors to perform?

ARecommend management seek a consulting firm to advise on outsourcing.

BHighlight matters that require management's attention.

CImplement solutions for specific organizational problems.

DAccumulate data, obtain varying views, and report information to senior management.

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Question: 2

Management has asked the chief audit executive (CAE) to provide assurance on the organization's automated control system related to financial dat

a. The current audit staff does not have the expertise needed to conduct this type of engagement. Which of the following would be the best response by the CAE?

AAccept the assignment and use control self-assessment to complete the project.

BDo not accept the assignment because the internal audit activity lacks the competency to perform the engagement with due professional care.

CAccept the assignment and use an external provider with the necessary knowledge and skills to perform the engagement.

DAccept the assignment if the engagement is included in the current audit plan, but inform senior management that the current audit staff does not have the knowledge and skills required.

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Question: 3

When an internal auditor applies due professional care to perform an assurance engagement, which of the following must she consider?

1. Findings of the last audit engagement performed.

2. Probability of significant errors, irregularities, or noncompliance.

3. Extent of work needed to achieve engagement objectives.

4. Cost of the engagement versus the potential benefits.

A1 and 4 only

B2 and 3 only

C2, 3, and 4 only

D1, 2, 3, and 4

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Question: 4

While reviewing the workpapers of a new auditor, the auditor in charge discovered that additional audit procedures might be necessary. According to IIA guidance, which of the following would be most relevant for the auditor in charge to consider when making this decision?

AResource management.

BCoordination.

CDue professional care.

DEngagement supervision.

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Question: 5

The last quality assessment of the internal audit activity identified three areas for improvement: the achievement of audit engagement objectives, quality of work, and staff development. According to IIA guidance, which of the following should be the chief audit executive's primary focus to achieve these recommended improvements?

ADemonstrated compliance with procedures.

BDue professional care.

CEngagement supervision.

DEmployment of tools and techniques.

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IIA IIA-CIA-Part1 Quiz:38 Topic:3 Questions:186-190