IIA IIA-CIA-Part2 Quiz 132 Topic 3 Questions 656-660

Question: 1

Which of the following states an inappropriate policy relating to the retention of engagement working papers?

AWorking papers should be disposed of when they have no further use.

BWorking papers prepared for fraud investigators should be retained indefinitely.

CWorking-paper retention schedules should be approved by legal counsel.

DWorking-paper retention schedules should consider legal and contractual
requirements.

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Question: 2

When current-file working papers are no longer of use to the internal audit activity, they should be

ADestroyed.

BPlaced in the custody of the organizational legal department for safekeeping.

CTransferred to the permanent file.

DTransferred to the custody of the engagement client for ease of future records.

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Question: 3

The best description of the principal purpose for retaining working papers is to

AHelp perform the engagement in an orderly fashion.

BMaintain the engagement work program for reuse in the next engagement.

CProvide support for the final engagement communication.

DProvide a basis for supervisory review.

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Question: 4

Internal audit activity policies should be developed to govern the content of engagement records, the retention period, the handling of external access requests, and the procedures to be followed when legal counsel is involved in an investigation. Which of the following statements relevant to the development of these policies is true?

ARecords not protected by attorney-client privilege are accessible in criminal proceedings.

BThe work product of the internal auditors is protected from disclosure.

CRecords created with an expectation of confidentiality are protected from disclosure.

DDocuments revealing attorneys' thought processes will be subject to forced disclosure.

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Question: 5

The internal auditors are conducting a regularly scheduled engagement in the purchasing department. In these circumstances, the engagement work program should

AAlways be disclosed to the engagement client except in fraud investigations.

BAlways be disclosed to the engagement client.

CBe disclosed to the engagement client with the approval of the chief audit executive.

DNot be disclosed to the engagement client.

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IIA IIA-CIA-Part2 Quiz:132 Topic:3 Questions:656-660