IIA IIA-CIA-Part1 Quiz 58 Topic 8 Questions 286-290

Question: 1

Which of the following tools would provide the most useful depiction of a process flow that spans multiple departments in an organization?

AA vertical flowchart of each department, showing inputs at the top and outputs at the bottom.

BA narrative, with a section dedicated to the process of each department.

CA combination of a flowchart, which shows the process, and a narrative, which indicates the related department.

DA horizontal flowchart, with each department identified across the top and the process flow below.

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Question: 2

According to the Standards, which of the following is not a responsibility of the audit committee?

AAppointment and performance of the chief audit executive.

BReviewing internal audit staffing promotions and salary increases.

CReview, assessment and approval of the annual audit plan.

DResolving any disagreements between management and internal audit.

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Question: 3

Which of the following is true regarding the purpose of the COSO enterprise risk management framework?

1. It is a process that is ongoing and flows throughout the organization.

2. It contributes to the formulation of the organization's mission and vision.

3. It enables internal audit to provide reasonable assurance to an organization's management and the board.

4. It enables the management of risks within an organization's risk appetite.

A1, 2, and 3 only

B1, 2, and 4 only

C1, 3, and 4 only

D2, 3, and 4 only

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Question: 4

Which of the following controls within a spreadsheet would address the risk of logic errors?

1. The spreadsheet contains formulas that foot and cross-foot data.

2. The spreadsheet is locked to protect cell formulas from being inadvertently changed.

3. Spreadsheets are included in nightly backup processes.

4. Check-in and check-out software is used to manage version control.

A1 and 2 only

B1 and 3 only

C2 and 4 only

D3 and 4 only

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Question: 5

According to the Standards, which of the following statements about effective governance is not true?

AIt relies on internal controls to be effective.

BIt considers risk when setting strategy.

CIts structures are distinct from risk management structures.

DIt is implemented by the board or an equivalent body.

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IIA IIA-CIA-Part1 Quiz:58 Topic:8 Questions:286-290