IIA IIA-CIA-Part3 Quiz 25 Topic 9 Questions 121-125

Question: 1

Which of the following price adjustment strategies encourages prompt payment?

ACash discounts.

BQuantity discounts.

CFunctional discounts.

DSeasonal discounts.

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Question: 2

In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?

AGiving assurance that risks are evaluated correctly.

BDeveloping the risk management strategy for the board's approval.

CFacilitating the identification and evaluation of risks.

DCoaching management in responding to risk.

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Question: 3

Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?

AObservation.

BInspection.

COriginal cost.

DVouching.

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Question: 4

Which of the following is a role of the board of directors in the governance process?

AConduct periodic assessments of the organization's governance systems.

BObtain assurance concerning the effectiveness of the organization's governance systems.

CImplement an effective system of internal controls to support the organization's governance systems.

DReview and approve operational goals and objectives.

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Question: 5

Which of the following does not provide operational assurance that a computer system is operating properly?

APerforming a system audit.

BMaking system changes.

CTesting policy compliance.

DConducting system monitoring.

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IIA IIA-CIA-Part3 Quiz:25 Topic:9 Questions:121-125