IIA IIA-CIA-Part1 Quiz 61 Topic 3 Questions 301-305

Question: 1

What is audit risk?

AInternal and external risk factors that exist when there are no controls implemented.

BThe amount of risk that is reduced through risk management operations.

CAn incorrect conclusion based on evidence uncovered during an audit.

DThe risk that remains after management has executed risk management activities.

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Question: 2

Which of the following activities would be most likely to impair the objectivity of an internal auditor?

APerforming reviews of procedures for a new information systems application before it is installed.

BBenchmarking controls during the development of a new information systems application.

CAssisting with the development and installation of a new information systems application.

DDeveloping recommended controls for the use of a new information systems application.

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Question: 3

Line management of a manufacturing operation requests an operational audit. They are seeking recommendations for policies and procedures to enhance control over the operation. What should the internal audit activity do?

AReview the effectiveness of current policies and procedures but avoid making control recommendations due to impaired objectivity.

BPerform the engagement and make appropriate recommendations for policies and procedures.

CTurn down the engagement because recommending controls would impair future objectivity regarding this client.

DTurn down the engagement because an operational audit should not review policies and procedures.

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Question: 4

Which of the following roles, if undertaken by an internal auditor, would have the greatest potential for conflict with the Standards regarding objectivity?

AIT system designer.

BProduct development team consultant.

CEthics advocate.

DExternal audit liaison.

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Question: 5

The internal audit staff lacks the expertise to perform a specific activity when auditing an organization. Which of the following individuals is not an appropriate choice to perform this task?

AA consultant from an outside firm.

BAn expert within the department being audited.

CA researcher affiliated with a college or university.

DA specialist from the staff of a government agency.

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IIA IIA-CIA-Part1 Quiz:61 Topic:3 Questions:301-305