IIA IIA-CIA-Part2 Quiz 110 Topic 4 Questions 546-550

Question: 1

Internal auditors should design the scope of work in a consulting engagement to ensure that all of the following will be maintained except

AIndependence.

BIntegrity.

CCredibility.

DProfessionalism.

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Question: 2

The internal auditor for Incorporation has received a special request from management. The internal auditor believes that the objectives that should be pursued go beyond those requested by management. What should the internal auditor do?

ARefuse to accept the engagement unless he can persuade management to include the additional objectives in the consulting engagement.

BInclude the objectives that he feels are necessary in the current consulting engagement and inform management in the final communication of the engagement results.

CDocument the fact that the objectives were not pursued and disclose that observation to the audit committee in a formal report.

DTry to persuade management to include the additional objectives in the consulting engagement.

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Question: 3

Substantial risk exposures or material control weaknesses discovered during a formal consulting engagement are brought to the attention of management. In some situations, the internal auditor's concerns also are communicated to

AExecutive management.

BAudit committee.

CBoard of directors.

DAll of the answers are correct.

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Question: 4

An internal auditor concludes that the results of a consulting engagement should be communicated beyond those who received or requested the services. The auditor follows a series of steps until satisfied with the resolution. In what order will the auditor perform the following steps?

i. Attempt to convince those receiving or requesting the service to expand voluntarily the communication to the appropriate parties.

ii. Determine what guidance is provided in the organization's code of conduct, code of ethics, and other relative policies, administrative directives, or procedures.

iii. Determine what direction is provided in the agreement concerning the consulting engagement and related communications.

AI, II, III.

BI, III, I.

CII, I, III.

DIII, II, I.

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Question: 5

Which statement about consulting engagements is true?

ADocumentation requirements applicable to assurance engagements apply to consulting engagements.

BThe internal audit activity monitors every aspect of a consulting engagement to ensure
it is being conducted to the extent agreed upon with the client.

CInternal auditors keep senior management and the board informed about how audit resources are being deployed.

DWork programs for formal consulting engagements address policies and issues related to ownership of consulting engagement records to protect the organization and avoid any potential misunderstandings.

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IIA IIA-CIA-Part2 Quiz:110 Topic:4 Questions:546-550