IIA IIA-CIA-Part1 Quiz 14 Topic 7 Questions 66-70

Question: 1

When developing the organization's first risk universe, which of the following would the chief audit executive be least likely to consider?

AThe amount of risk that an organization is willing to seek or accept.

BThe extent and degree of interdependency for identified key risks.

CThe boundaries established to manage the amount of risk taken.

DThe exposure to risks following management's risk responses.

Show Answer

Question: 2

In which of the following functions would fraud be most likely to occur?

AMaintaining custody of inventory records.

BCollecting payments on accounts.

CApproving changes to employee records.

DPreparing customer statements.

Show Answer

Question: 3

Which of the following is the best way to detect fraud?

AConduct anti-fraud training.

BPerform background investigations.

CImplement process controls.

DActivate a whistleblower hotline.

Show Answer

Question: 4

Which of the following is the most common method of fraud detection?

AAnalytical reviews of high-risk areas.

BDetective controls built into the daily processes.

CUnannounced audits or reviews of programs or departments.

DTips received from employees or citizens.

Show Answer

Question: 5

Which of the following would not be considered part of preliminary survey of an engagement area?

AInterviews with individuals affected by the entity.

BFunctional walk through test.

CAnalytical reviews.

DSampling scope.

Show Answer

IIA IIA-CIA-Part1 Quiz:14 Topic:7 Questions:66-70