IIA IIA-CIA-Part1 Quiz 86 Topic 4 Questions 426-430

Question: 1

An organization that outsources much of its internal audit work to an external service provider is planning for an external quality assessment. Which of the following options would accomplish this task and be in conformance with the Standards?

AEngaging an external industry associate that performed a similar review for a supplier of the organization.

BSelecting a team from an independent entity that previously employed the chief audit executive of the organization.

CUsing a team under the direction of the organization's chief audit executive, and obtaining validation from a former manager of the internal audit activity.

DUsing the same external service provider because of its competency and experience with the organization.

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Question: 2

In order to use ''Conducted in accordance with the International Standards for the Professional Practice of Internal Auditing, " an internal audit activity must:

ASatisfy all requirements of the International Professional Practices Framework during each internal audit engagement.

BComplete an external assessment of quality assurance to demonstrate compliance with the Standards.

CEstablish a continuous quality assurance and improvement program.

DHave its charter reviewed and approved by management and the board.

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Question: 3

Which of the following is the best example of a strategic objective?

AOpening a new product line.

BAdhering to laws and regulations.

CAttaining a specified sales target.

DSafeguarding assets.

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Question: 4

A daily log of treasury dealers who exceeded their authorized limits serves as a:

APreventive control.

BDetective control.

CFeed-forward control.

DDirective control.

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Question: 5

Which of the following are acceptable resources for a chief audit executive to use when developing a staffing plan?

1. Co-sourcing arrangements.

2. Employees from other areas of the organization.

3. The organization's external auditors.

4. The organization's audit committee members.

A1 only

B1 and 2 only

C2 and 3 only

D1, 2, and 4 only

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IIA IIA-CIA-Part1 Quiz:86 Topic:4 Questions:426-430