IIA-CIA-Part1

IIA-CIA-Part1 practice questions, page 46 of 47, with answer review and explanations.

Question 226

Which of the following are appropriate responsibilities of the audit committee in relation to the chief audit executive (CAE)? 1. Approving the internal audit charter. 2. Approving decisions regarding the appointment and removal of the CAE. 3. Approving the risk management strategy for the organization. 4. Making appropriate inquiries of management and the CAE to determine whether there are inappropriate scope and resource limitations.

  1. 1 and 2 only
  2. 1, 2, and 3 only
  3. 1, 2, and 4 only
  4. 2, 3, and 4 only

Question 227

Which of the following internal auditor attributes are affected by a conflict of interest?

  1. Independence and authority.
  2. Authority and proficiency.
  3. Independence and objectivity.
  4. Objectivity and due professional care.

Question 228

Which of the following is the most appropriate outcome measure for assessing safety operations?

  1. Number of inspections conducted.
  2. Tests made of equipment.
  3. Reduction in machine down time due to accidents.
  4. Number of operations observed.

Question 229

Which of the following would be a violation of the objectivity of a certified internal auditor? 1. Accepting a motivational book from a major vendor. 2. Attending a professional sporting event as the guest of a corporate supplier. 3. Performing an internal audit engagement for a division 18 months after having controllership responsibility for that division. 4. Designing and implementing a corporate-wide utilities cost containment program.

  1. 1 and 3 only
  2. 2 and 3 only
  3. 2 and 4 only
  4. 1, 3, and 4 only

Question 230

An organization that outsources much of its internal audit work to an external service provider is planning for an external quality assessment. Which of the following options would accomplish this task and be in conformance with the Standards?

  1. Engaging an external industry associate that performed a similar review for a supplier of the organization.
  2. Selecting a team from an independent entity that previously employed the chief audit executive of the organization.
  3. Using a team under the direction of the organization's chief audit executive, and obtaining validation from a former manager of the internal audit activity.
  4. Using the same external service provider because of its competency and experience with the organization.