IIA IIA-CIA-Part1 Quiz 127 Topic 3 Questions 631-635

Question: 1

Which of the following statements regarding segregation of duties is true?

AWhen evaluating an organization's policy on segregation of duties, employee competence does not need to be considered.

BAn organizational chart provides an accurate definition of segregation of duties.

CA restrictive segregation-of-duties policy can help improve an organization's communication.

DPolicies on segregation of duties in information systems must recognize the difference between logical and physical access to assets.

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Question: 2

An auditor plans to analyze customer satisfaction, including. (1) customer complaints recorded by the customer service department during the last three months; (2) merchandise returned in the last three months; and (3) responses to a survey of customers who made purchases in the last three months.

Which of the following statements regarding this audit approach is correct?

AAlthough useful, such an analysis does not address any risk factors.

BThe survey would not consider customers who did not make purchases in the last three months.

CSteps 1 and 2 of the analysis are not necessary or cost-effective if the customer survey is comprehensive.

DAnalysis of three months' activity would not evaluate customer satisfaction.

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Question: 3

If an internal auditor discloses confidential information in response to a lawsuit, the internal auditor has violated.

AThe IIA Code of Ethics.

BThe Standards.

CBoth the IIA Code of Ethics and the Standards.

DNeither the IIA Code of Ethics nor the Standards.

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Question: 4

An organization has a policy requiring two signatures on all checks written for amounts in excess of $10, 000. When evaluating controls over disbursements, an auditor would conclude that a greater risk exists if.

AThe auditor located two checks for $9, 000 each that contained one authorized signature.

BThe $10, 000 was an immaterial amount to the organization and very few cash disbursements required an amount in excess of $10, 000.

CThe director of accounting was not one of the authorized signers.

DThere were several instances in which successively numbered checks for amounts between $5, 000 and $10, 000 were made payable to the same vendor.

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Question: 5

Which of the following is not an appropriate type of coordination between the internal audit activity and regulatory auditors?

ARegulatory auditors share their perspective on risk management, control, and governance with the internal auditors.

BInternal auditors perform fieldwork at the direction of the regulatory auditors.

CInternal auditors review copies of regulatory reports in planning related internal engagements.

DRegulatory and internal auditors exchange information about planned activities.

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IIA IIA-CIA-Part1 Quiz:127 Topic:3 Questions:631-635