IIA IIA-CIA-Part2 Quiz 32 Topic 9 Questions 156-160

Question: 1

Which of the following would be the least important reason for a company to merge with another company?

ATo diversify risk.

BAs a response to new government policy.

CTo reduce labor costs.

DTo increase stock prices.

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Question: 2

Which of the following potential performance measures should an auditor recommend excluding from a performance scorecard?

ANumber of employees.

BMarket share.

CNumber of customer complaints.

DTraining dollars per employee.

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Question: 3

Which of the following is the best approach for obtaining feedback from engagement clients regarding the quality of internal audit work?

AAsk questions during the exit interviews and send copies of the documented responses to the clients.

BCall engagement clients after the exit interviews and send copies of the documented responses to the clients.

CDistribute questionnaires to selected engagement clients shortly before preparing the internal audit annual activity report.

DProvide questionnaires to engagement clients at the beginning of each engagement and request that the clients complete and return them after the engagements.

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Question: 4

As a result of a recent discovery of false information on employment applications, an internal auditor has reviewed hiring procedures. Which of the following represents a weakness in the control system?

1. Applicants are not required to have their signed applications legally authenticated.

2. Applicants' educational information is not validated with the educational institution before employment is offered.

3. Information related to applicants' long-term work history is not validated before employment is offered.

AIII only

BI and II only

CII and III only

DI, II, and III

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Question: 5

Which of the following is not relevant when developing recommendations for inclusion in audit reports?

AFeasibility.

BCost of implementation.

CUnderlying causes.

DTiming of follow-up.

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IIA IIA-CIA-Part2 Quiz:32 Topic:9 Questions:156-160