IIA IIA-CIA-Part1 Quiz 89 Topic 4 Questions 441-445

Question: 1

During an audit of financial contracts, an internal auditor learns that a relative has a substantial loan with the organization. The auditor should:

AExclude the relative's information from the audited work and proceed with the audit engagement.

BProceed with the audit engagement but disclose in the engagement final communication that the relative is a customer.

CImmediately withdraw from the audit engagement.

DNotify management and the chief audit executive (CAE) and have the CAE determine whether the auditor should continue with the audit engagement.

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Question: 2

How should management obtain assurance that employees are complying with the organization's security policy?

ARegularly conduct independent reviews of employees' security practices.

BRoutinely survey staff so that information related to security practices can be submitted anonymously.

CRely on exception reports to identify errors.

DEnforce a policy that requires all employees to sign a statement that they will adhere to the organization's security policies.

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Question: 3

What is the primary purpose of a risk management program?

AReduce risk to a tolerable level.

BReduce all risks regardless of costs.

CTransfer all risks to external third parties.

DIdentify every significant risk to avoid it.

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Question: 4

Within the internal audit process, which of the following is not a significant advantage of employing a control model?

AIt provides guidance on identifying control deficiencies for each internal audit engagement.

BIt recognizes the need to evaluate both hard and soft controls.

CIt assists internal auditors in assessing the achievement of management's objectives.

DIt validates the findings and recommendations of the internal audit.

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Question: 5

An organization's chief audit executive (CAE) has been asked to conduct an assurance engagement for an information technology system that was subject to a consulting engagement in the prior year. How should the CAE respond?

ADecline the engagement because independence and objectivity would be impaired.

BDelay the assurance engagement to ensure that there is a two-year period between the engagements.

CAccept the engagement and assign different auditors to conduct the assurance services.

DFacilitate a control self-assessment workshop instead of performing an assurance engagement.

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IIA IIA-CIA-Part1 Quiz:89 Topic:4 Questions:441-445