IIA IIA-CIA-Part1 Quiz 88 Topic 7 Questions 436-440

Question: 1

According to the Standards, a review team must express an opinion on which of the following when performing an external assessment of an internal audit activity?

1. Conformance with the Standards and IIA Code of Ethics.

2. Effectiveness of continuous improvement activities.

3. Feedback from internal audit customers and other stakeholder groups.

4. Efficiency and effectiveness of the internal audit activity's administration processes.

A1 only

B3 only

C1 and 2 only

D2 and 4 only

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Question: 2

To develop greater internal auditing expertise, the chief audit executive (CAE) has been assigning the same relatively inexperienced team of internal auditors to a series of engagements spanning several months. Is this practice consistent with the Standards?

AYes. The CAE is promoting the professional development of the staff.

BYes. The experience will quickly build specialized skills and competencies.

CNo. The team should collectively possess the competencies appropriate for the engagements.

DNo. Teams should be comprised of both experienced and inexperienced auditors.

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Question: 3

Which of the following would be the least significant consideration when performing a risk analysis?

AFinancial exposure and potential loss.

BSkills available within the audit staff.

CResults of prior audits.

DMajor operating changes.

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Question: 4

Which of the following is correct regarding the implementation of a quality assurance and improvement program for the internal audit function?

AThe board has the primary responsibility for implementation of a robust quality assurance and improvement program for internal audit.

BAn internal audit function that is fully complying with internal assessment of quality can confidently claim it is performing in conformity with the International Professional Practices Framework.

CThe chief audit executive can establish a formal quality assurance and improvement program that is led by an audit manager.

DA quality assurance and improvement program is applicable depending on the size and complexity of the audit function.

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Question: 5

Which of the following are appropriate ways to obtain continuous professional education?

1. Instructing at a local IIA training event.

2. Attending internal audit conferences and seminars.

3. Practicing specialized audit and consulting work.

4. Participating in research projects in internal auditing.

A1 and 3 only

B1 and 2 only

C3 and 4 only

D1, 2, and 4 only

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IIA IIA-CIA-Part1 Quiz:88 Topic:7 Questions:436-440