IIA IIA-CIA-Part1 Quiz 50 Topic 8 Questions 246-250

Question: 1

Which of the following actions does not violate the IIA Code of Ethics or Standards?

AAn internal auditor performing an audit on an operation that they managed less than a year ago.

BAn internal auditor performing an audit on procedures that they were responsible for creating.

CAn internal auditor disclosing details of an audit report to colleagues from a different organization.

DAn internal auditor disclosing confidential information in response to a lawsuit.

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Question: 2

Which of the following controls is not appropriate for sales in a manufacturing organization?

ACustomers' orders are recorded promptly.

BGoods shipped are matched with valid customer orders.

CGoods returned are inspected for damage by the receiving department for proper disposition.

DSales department approval is required for credit sales transactions.

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Question: 3

A manufacturing organization discovers that the waste water released has failed to meet permitted limits.

Which control function will be least effective in correcting the issue?

APerforming a chemical analysis of the water, prior to discharge, for components specified in the permit.

BPosting signs that tell employees which substances may be disposed of via sinks and floor drains within the facility.

CDiluting pollutants by flushing sinks and floor drains daily with large volumes of clean water.

DEstablishing a preventive maintenance program for the pretreatment system.

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Question: 4

A computer system automatically locks a user's account after three unsuccessful attempts to log on.

Which type of control does this scenario represent?

ACorrective control.

BPreventive control.

CDetective control.

DCompensating control.

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Question: 5

Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?

ABecause management requires the review to measure effectiveness of the internal audit activity.

BSo that the individual objectivity of the internal audit staff can be more clearly established.

CSo that there is assurance of the internal audit staff's proficiency to complete audit activities.

DBecause changes in the organization may impair the internal audit activity's ability to meet its objectives.

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IIA IIA-CIA-Part1 Quiz:50 Topic:8 Questions:246-250