Question: 1
An internal auditor for a large regional bank holding company was asked to serve on the board of directors of a local bank. The bank competes in many of the same markets as the bank holding company but focuses more on consumer financing than on business financing. In accepting this position, the auditor
I .Violates the IIA Code of Ethics because serving on the board is in direct conflict with the best interests of the auditor's employer.
I I.Violates the IIA Code of Ethics because the information gained while serving on the board of directors of the local bank may influence recommendations regarding potential acquisitions.
II I.Does not violate the IIA Code of Ethics.
Question: 2
When performing a followup review of an organization's billing function, which of the following would be appropriate?
i. Consider followup measures performed by managers in the organization.
ii. Investigate payables problems that have emerged since completion of the audit.
iii. Assess the adequacy of corrective measures taken by management
Question: 3
An auditor plans to query a vendor database to locate evidence of a fictitious vendor scheme. Which of the following would be likely to detect this type of fraud?
i. Vendors that lack a phone number or an address
ii. Vendors that have a post office box as an address
iii. Vendors that have multiple addresses
Question: 4
Which of the following techniques would be most effective in managing emotional issues that emerge during a control self assessment workshop?
Question: 5
Which of the following is not an outcome of control self assessment (CSA)?
