IIA IIA-CIA-Part2 Quiz 175 Topic 2 Questions 871-875

Question: 1

The final engagement communication regarding supply activities of a division will most likely be circulated to

AThe lowest level managers with sufficient authority to take action on engagement recommendations because it is their responsibility.

BThe highest level of managers because they should be kept informed.

CThe mid and lower level engagement client personnel of the division because they are the ones most affected.

DThe organization's external auditors because they will need the information in performing their own engagement.

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Question: 2

An internal audit activity's evaluation of sales contracts revealed that a bribe had been paid to secure a major contract. The strong possibility existed that a senior executive had authorized the bribe. Which of the following best describes the proper distribution of the completed final engagement communication?

AThe report should be distributed to the chief executive officer and the appropriate regulatory agency.

BThe report should be distributed to the board, the chief executive officer, and the independent external auditor.

CThe chief audit executive should provide the board a copy of the report and decide whether further distribution is appropriate.

DThe report should be distributed to the board, the appropriate law enforcement agency, and the appropriate regulatory agency.

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Question: 3

An engagement communication with routine observations about the accounts payable department is being issued. Distribution should include the accounts payable supervisor, manager, and unit general manager. The communication may also be sent to the

AExternal auditors and the controller.

BUnit purchasing manager and the operations director.

CUnit receiving manager, the purchasing manager, and the operations director.

DExternal auditors, the controller, and the chair of the board.

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Question: 4

The person responsible for engagement communication distribution should be the

AChief audit executive or designee.

BBoard.

CVice president responsible for the activity under review.

DSupervisor of the engagement being performed.

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Question: 5

The effectiveness of an internal auditing engagement is related to the results and the action taken on those results. Which of the following activities contributes to engagement effectiveness?

AConducting an exit meeting with engagement clients.

BAdhering to a time budget.

CPreparing weekly time reports.

DHaving budget revisions approved by the project supervisor.

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IIA IIA-CIA-Part2 Quiz:175 Topic:2 Questions:871-875