IIA IIA-CIA-Part1 Quiz 103 Topic 7 Questions 511-515

Question: 1

Which of the following is not an appropriate role of the internal audit activity in governance activities?

ASupport the board in enterprise-wide risk assessment.

BEnsure the timely implementation of audit recommendations.

CMonitor compliance with the organization's ethics policies.

DDiscuss areas of significant risk.

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Question: 2

When developing the annual audit plan and reviewing risk assessment priorities, a chief audit executive should always identify the:

APotential recommendations for each auditable activity.

BPersons to whom engagement reports will be communicated.

CEngagement procedures to be used during the engagements.

DInternal audit resources required to achieve the audit plan.

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Question: 3

Which of the following actions by a chief audit executive would be most effective in preventing fraud?

AEnsure that the board is aware of all fraud that has been identified or reported.

BTrain the internal audit staff in identifying fraud indicators.

CReview the adequacy of all policies that describe prohibited activities.

DSubmit an annual report to the board on all fraud that has been detected.

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Question: 4

A chief audit executive would most likely use risk assessment for audit planning because it provides:

AA systematic process for assessing and integrating professional judgment about probable adverse conditions.

BA listing of potentially adverse effects on the organization.

CA list of auditable activities in the organization.

DThe probability that an event or action may adversely affect the organization.

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Question: 5

Noncompliance with which of the following would cause a control deficiency related to privacy protection practices?

I . An organization's internal privacy policies.

II . Financial accounting standards.

III . Privacy laws and regulations.

IV . The Standards.

AI and III only

BII and IV only

CII, III, and IV only

DI, II, III, and IV.

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IIA IIA-CIA-Part1 Quiz:103 Topic:7 Questions:511-515