IIA-CIA-Part1

IIA-CIA-Part1 practice questions, page 14 of 47, with answer review and explanations.

Question 66

Which of the following steps would not be included in a program of selecting and developing human resources for an internal audit department?

  1. Scheduling periodic meetings with individual auditors, during which the chief audit executive provides counsel regarding each auditor's performance and professional career development.
  2. Establishing an internal review team to assess the auditors' and audit department's compliance with standards, level of audit effectiveness, and compliance with departmental policy.
  3. Developing specific job descriptions for audit staff, audit managers, and other auditing positions.
  4. Establishing in-house training programs and requiring continuing education for audit staff.

Question 67

Auditors 1, 2, and 3 work out of various offices. Each must be assigned to one, and only one, of three audit locations (A, B, or C). The cost of sending each auditor to each location is listed below: Audit Locations - Auditor 1 - A - B - C - Auditor 2 - $200 $300 $400 Auditor 3 - $400 $300 $600 Auditor 4 - $200 $200 $500 The minimum cost with which this assignment can be accomplished is:

  1. $800
  2. $900
  3. $1, 000
  4. $1, 100

Question 68

An audit of the quality control department is being planned. Which of the following would least likely be used in the preparation of a preliminary survey questionnaire?

  1. An analysis of quality control documents.
  2. The permanent audit file.
  3. The prior audit report.
  4. Management's charter for the quality control department.

Question 69

An objective for an audit of a medical research corporation is to evaluate management's controls to ensure that timely reports are submitted to sponsors of contracted research projects. In planning the audit to achieve this objective, the auditor should begin by:

  1. Reviewing policies and procedures.
  2. Interviewing a group of research managers.
  3. Observing report preparation in a number of laboratories.
  4. Sending a questionnaire to a sample of research sponsors.

Question 70

Which of the following internal control weaknesses would an auditor most likely detect while reviewing a flowchart that depicts the purchasing function of an organization?

  1. Purchasing policies have not been updated.
  2. The organization is not taking advantage of quantity discounts available from its suppliers.
  3. Payments for goods received have not been authorized at the appropriate level.
  4. Payments to suppliers are made before goods are received.