IIA IIA-CIA-Part1 Quiz 31 Topic 5 Questions 151-155

Question: 1

An internal auditor needs to recommend a policy element to be included in an organization's code of ethics. Which of the following recommendations would be most effective?

AEthics should vary with local customs in the organization's foreign operations.

BWhistleblowing should be discouraged because it can cause distrust among employees.

CEthical behavior should be incorporated into performance evaluations.

DSenior management should be granted specific exemptions to the code of ethics.

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Question: 2

According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?

AWhen planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.

BInternal auditors determine the engagement objectives, scope, and work program for both assurance and consulting services.

CInternal auditors must not provide assurance or consulting services for an activity for which they had responsibility within the previous year.

DBoth assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.

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Question: 3

Which of the following types of fraud includes embezzlement?

AFraudulent statements.

BBribery.

CMisappropriation of assets.

DCorruption.

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Question: 4

According to IIA guidance, which of the following roles would be appropriate for an internal auditor regarding fraud risk?

1. Identification.

2. Mitigation.

3. Remediation.

4. Reduction.

A1 only. |

B1 and 4 only.

C1, 3, and 4 only.

D1,2, 3, and 4.

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Question: 5

During an audit engagement, the internal auditor discussed a risk mitigation recommendation with the manager of the area under review. The manager disagreed with the risk assessment and recommendation. The two failed to come up with an alternative solution, and the auditor decided to proceed with including the original recommendation in the engagement report. Which of the following is especially important in dealing with this type of situation?

ASoft skills in communication, negotiation, and collaboration.

BTechnical skills in the area under review.

CProfessional qualifications and certification in internal auditing.

DConfidentiality and independence.

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IIA IIA-CIA-Part1 Quiz:31 Topic:5 Questions:151-155