IIA IIA-CIA-Part2 Quiz 180 Topic 4 Questions 896-900

Question: 1

Which of the following is not considered a primary objective of a closing or exit conference?

ATo resolve conflicts.

BTo discuss the engagement observations and recommendations.

CTo identify concerns for future audit engagements.

DTo identify management's actions and responses to the engagement observations and recommendations.

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Question: 2

The chief audit executive should disseminate results to the appropriate individuals (Standard 2440). Disseminating information outside the organization

AIs prohibited by the Standards.

BRequires the elimination of references to the Standards.

CRequires that an engagement performed to generate such information be conducted in accordance with the Standards.

DIs permissible only if a new engagement is performed.

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Question: 3

Under the laws and regulations of countries in the OECD (Organization for Economic Cooperation and Development), knowledge of certain illegal or unethical acts requires public servants to notify an appropriate official. Which of the following are not such acts?

AActs that affect the environment.

BActs that endanger the health, safety, or well-being of individuals.

CActs that are considered miscarriages of justice.

DCriminal offenses and other failures to comply with legal obligations.

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Question: 4

The internal audit activity customarily has a dual relationship with management and the audit committee. This means that

AManagement should help the internal audit activity by revising and forwarding engagement communications to the audit committee.

BThe internal audit activity should report directly to the audit committee, without corroborating engagement communications with management.

CThe accuracy of engagement communications should be verified with management, and the internal audit activity should then report to management and the audit committee.

DIdeally, the internal audit activity works under the audit committee but reports to the chief operating officer on all engagements relating to operations.

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Question: 5

Which of the following actions should not be taken initially when credible evidence exists that the corporation is unnecessarily exposing itself to risk?

AThe chief audit executive may discuss his or her concerns about the risk exposure with senior management within his or her normal chain of command.

BThe chief audit executive may discuss his or her concerns about the risk of exposure with the board of directors.

CThe chief audit executive may discuss his or her concerns with the parties responsible for the risk exposure.

DThe chief audit executive may discuss his or her concerns with someone outside the organization.

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IIA IIA-CIA-Part2 Quiz:180 Topic:4 Questions:896-900