IIA-CFSA

IIA-CFSA practice questions, page 2 of 21, with answer review and explanations.

Question 6

Internal auditors, engaging in activities that are illegal and discreditable to the profession of internal auditing or the organization, violate which of the following principles:

  1. Objectivity
  2. Awareness
  3. Integrity
  4. Competence

Question 7

Which of the following statements is NOT related to competency principle of internal auditing? Internal auditors:

  1. Shall continually improve their proficiency and effectiveness and quality of their services
  2. Shall perform internal auditing services in accordance with the standards for the professional practice of internal auditing
  3. Shall engage only in those services for which they have the necessary knowledge, skills and experience
  4. Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review

Question 8

While performing consulting services internal auditors should specifically maintain:

  1. Proficiency level
  2. Objectivity
  3. Competence
  4. Confidentiality

Question 9

All these statements elaborate purpose of standards EXCEPT:

  1. Foster improved organizational processes and operations
  2. Establish the basis for the evaluation of internal audit performance
  3. Subvert the framework for performing and promoting broad range of value-added internal audit activities.
  4. Delineate basic principles that represent the practice of internal auditing as it should be

Question 10

Nature of internal audit activities and quality criteria against which the performance of these services can be evaluated is best portrayed by:

  1. Performance Standards
  2. Attribute Standards
  3. Implementation Standards
  4. Evaluation Standards