IIA IIA-CIA-Part2 Quiz 58 Topic 4 Questions 286-290

Question: 1

Which of the following tasks would be considered unusual for planning a control self-assessment workshop?

AConducting interviews to identify relevant issues for the discussion.

BIdentifying key stakeholders and ensuring they are represented in the group.

CSecuring an external subject matter expert to arbitrate disputes.

DEnsuring that managers are willing to accept constructive criticism.

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Question: 2

While performing a follow-up of a concern about equipment-inventory tracking, which course of action is not necessary for the auditor to take?

AEnsure that the steps being taken resolve the condition disclosed by the initial finding.

BEnsure that controls have been implemented to prevent the issue from occurring again.

CEnsure that the entity has begun to experience benefits as a result of resolving the issue.

DEnsure that the inherent risk has been eliminated as a result of resolving the issue.

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Question: 3

An audit of an organization's fulfillment department discovered that problems in the order processing system led to a significant number of orders being fulfilled multiple times. During the exit conference, the head of the department informed the auditors that the processing system would be enhanced within six months to correct the problems. Which course of action should the chief audit executive follow?

AAdjust the scope of the next scheduled audit to determine that the problems have been resolved.

BMonitor the status of corrective action and schedule a follow-up engagement when appropriate.

CMeet with the audit committee to determine the appropriate follow-up action.

DAssess the status of corrective action in a follow-up engagement in six months.

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Question: 4

When interviewing an individual in relation to a fraud investigation, which course of action should the internal auditor follow?

AAssure the individual that the results of the interview will remain confidential.

BEstablish a rapport with the subject to encourage openness.

CDiscontinue questioning once the individual has confessed to the fraud.

DRefrain from deviating from the list of questions prepared before the interview.

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Question: 5

An internal auditor notices that a division has recorded uncharacteristically high sales and gross margins for the past three months and now suspects the division is reporting fictitious sales. Which course of action should the auditor follow to determine whether fraud has occurred?

ATrace a sample of shipping documents to related sales invoices to verify proper billing.

BSend accounts receivable balance confirmations to customers.

CCompare the division's sales and gross margins to those of the prior three-month period.

DEstimate the sales and cost of goods sold for the three-month period by using regression analysis.

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IIA IIA-CIA-Part2 Quiz:58 Topic:4 Questions:286-290