IIA IIA-CIA-Part1 Quiz 17 Topic 9 Questions 81-85

Question: 1

Which of the following scenarios best illustrates the principle of due professional care?

AAn internal auditor evaluates the significant risks arising from a consulting engagement.

BAn internal auditor declares that he would have a conflict of interest in providing planned audit support.

CAn internal auditor has been given sufficient authority to access documents needed to make an appraisal of an issue.

DAn internal auditor uses technology-based audit techniques to ensure that all significant risks are identified.

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Question: 2

Which of the following statements is true with regard to conducting an effective quality assurance and improvement program?

AThe IIA's Quality Assessment Manual for the Internal Audit Activity must be used as the basis for periodic assessments.

BMembers of the internal audit activity are not permitted to perform quality assessments, as they would not be independent.

CPeriodic internal assessments provide the most current and independent recommendations for improvement.

DThe conclusions of periodic internal assessments are intended to assist in achieving conformity to the Standards.

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Question: 3

While preparing for an audit of senior management expenses, the chief audit executive (CAE) learns that management is unable to locate a number of original expense claims to support the related disbursements. She decides to defer the engagement until they can be located. Which of the following principles likely guided the CAE's decision?

AObjectivity.

BProficiency.

CIndependence.

DDue professional care.

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Question: 4

According to IIA guidance, which of the following statements is true regarding periodic internal assessments of the internal audit activity?

AInternal assessments are conducted to benchmark the internal audit activity's performance against industry best practices.

BInternal assessments must be performed at least once every five years by a qualified assessor.

CAn internal auditor may perform a peer review of a colleague's workpapers, as long as the auditor wasn't involved in the audit under review.

DFollow-up to ensure appropriate improvements are implemented is a recommended, but not mandatory, element of internal assessments.

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Question: 5

According to IIA guidance, which of the following should be included in the internal audit charter?

AThe minimum resources and competencies needed for the internal audit activity.

BIdentification of the organizational units where engagements are to be performed.

COrganizational relationships and reporting lines.

DAssigned responsibilities for designing and implementing controls.

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IIA IIA-CIA-Part1 Quiz:17 Topic:9 Questions:81-85