IIA IIA-CIA-Part3 Quiz 20 Topic 7 Questions 96-100

Question: 1

Which of the following statements about slack time and milestones are true?

1) Slack time represents the amount of time a task may be delayed without delaying the entire project.

2) A milestone is a moment in time that marks the completion of the project's major deliverables.

3) Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.

4) A milestone requires resource allocation and needs time to be completed.

A1 and 4 only

B2 and 3 only

C1, 2, and 3 only

D1, 2, 3, and 4

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Question: 2

Which of the following professional organizations sets standards for quality and environmental audits?

AThe Committee of Sponsoring Organizations of the Treadway Commission.

BThe Board of Environmental, Health, and Safety Auditor Certifications.

CThe International Organization of Supreme Audit Institutions.

DThe International Standards Organization.

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Question: 3

Which of the following statements regarding organizational governance is not correct?

AAn effective internal audit function is one of the four cornerstones of good governance.

BThose performing governance activities are accountable to the customer.

CAccountability is one of the key elements of organizational governance.

DGovernance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.

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Question: 4

An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

AInterviewing the organization's employees.

BObserving the organization's operations.

CReading the board's minutes.

DInspecting manuals and documents.

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Question: 5

According to IIA guidance, which of the following would be a primary reason for an internal auditor to test the organization's IT contingency plan?

ATo ensure that adequate controls exist to prevent any significant business interruptions.

BTo identify and address potential security weaknesses within the system.

CTo ensure that tests contribute to improvement of the program.

DTo ensure that deficiencies identified by the audit are promptly addressed.

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IIA IIA-CIA-Part3 Quiz:20 Topic:7 Questions:96-100