IIA-CIA-Part1

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

Question 231

In order to use "Conducted in accordance with the International Standards for the Professional Practice of Internal Auditing, " an internal audit activity must:

  1. Satisfy all requirements of the International Professional Practices Framework during each internal audit engagement.
  2. Complete an external assessment of quality assurance to demonstrate compliance with the Standards.
  3. Establish a continuous quality assurance and improvement program.
  4. Have its charter reviewed and approved by management and the board.

Question 232

Which of the following is the best example of a strategic objective?

  1. Opening a new product line.
  2. Adhering to laws and regulations.
  3. Attaining a specified sales target.
  4. Safeguarding assets.

Question 233

A daily log of treasury dealers who exceeded their authorized limits serves as a:

  1. Preventive control.
  2. Detective control.
  3. Feed-forward control.
  4. Directive control.

Question 234

Which of the following are acceptable resources for a chief audit executive to use when developing a staffing plan? 1. Co-sourcing arrangements. 2. Employees from other areas of the organization. 3. The organization's external auditors. 4. The organization's audit committee members.

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

Question 235

Which of the following would most likely function as a detective control?

  1. Security dogs.
  2. Alert employees.
  3. Insurance claims.
  4. Cycle counts.