IIA IIA-CIA-Part2 Quiz 67 Topic 7 Questions 331-335

Question: 1

An organization has an opening for an entry-level internal audit position. When interviewing for the position, which of the following is the least important skill for an entry-level internal auditor?

AConflict resolution skills.

BCommunication skills.

CTime management skills.

DInterpersonal skills.

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Question: 2

During a consulting engagement, an internal auditor identifies new risks which will impact the scope and sufficiency of the engagement audit plan. According to the Standards, the internal auditor should:

ADiscuss the potential impact on the scope with the client.

BModify the scope to incorporate the new risks and continue the engagement.

CEnd the engagement, as the audit scope is no longer sufficient to meet the audit objective.

DContinue the engagement but highlight the impacts on the audit scope in the final report.

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Question: 3

Which of the following is not true regarding the management of internal audit resources?

AA minimum level of information technology knowledge is necessary.

BThe adequacy of internal audit resources is ultimately a board responsibility.

CResources include external service providers and computer-assisted audit techniques.

DSkills availability must be aligned with financial constraints.

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Question: 4

An organization decides to create an internal audit function and hires a new chief audit executive (CAE). Which of the following should the CAE first consider when developing the internal audit process?

ARequirements of the external auditors to ensure an efficient coordination of audit effort.

BSufficient resources to adequately meet the needs of the annual audit plan.

CAlignment of internal audit objectives with the organization's strategic plan.

DAn appropriate training plan for audit staff.

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Question: 5

An internal auditor compares real-time gasoline production data to corresponding final gasoline production reports and finds minor but consistent daily discrepancies. If the auditor is concerned about theft, which of the following next steps is most consistent with IIA guidance?

AReconcile online data and the final production reports to gasoline sales reports.

BContact security personnel as evidence suggests gasoline is being stolen from production premises.

CConfront the production manager and ask her to explain the differences between real-time and reported data.

DReview the processes used to collect the production data and to compile the final production reports.

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IIA IIA-CIA-Part2 Quiz:67 Topic:7 Questions:331-335