Which of the following statements is true regarding a drawback of using internal control questionnaires (ICQs)?
A. ICQs are inadequate to provide effective assurance on how organizational processes are executed in practice.
B. When internal auditors need to cover many control procedures using ICQs is generally less efficient than conducting observations and inspections
C. It is generally difficult for internal auditors lo compile appropriate ICQs for business activities that are governed by standardized operating procedures
D. It is generally difficult for internal auditors to process completed questionnaires, because ICQs frequently elicit detailed comments and long answers from management
正解:A
質問 2:
Which of the following statements is true regarding engagement planning?
A. The engagement objectives are the boundaries for the engagement, which outline what will be included in the review
B. For an assurance engagement, once the scope is established and testing has begun, the scope cannot be modified.
C. For a consulting engagement, planning typically occurs after the engagement objectives and scope have already been determined
D. The risk-based objectives of the engagement can be determined once the scope of the engagement has been formed
正解:C
質問 3:
An internal auditor is conducting a preliminary survey of the investments area, and sends an internal control questionnaire to the management of the function. (An extract of the survey is provided below).
1. Are there any restrictions for any company's investments?
2. Are there any written policies and procedures that document the flow of investment processing?
3. Are investment purchases recorded in the general ledger on the date traded?
4. Is the documentation easily accessible to an persons who need in to perform their job?
Which of the following is a drawback of testing methods like this?
A. They ore kitted as they do not allow the auditor to test many controls.
B. They are limited as there is a risk that management may not answer fairly.
C. They are not useful for identifying areas on which the auditor should locus.
D. They do not highlight control gaps
正解:B
質問 4:
The human resources (HR) department was last reviewed three years ago and is due for an assurance engagement after undergoing recent process changes. Which of the following would the most effective option identify the HR department's risks and controls?
A. Review the organization's risk strategy and risk appetite framework
B. Discuss the department's present strategies 'and objectives with the head of the HR department
C. Review the previous internal audit report and locus on key audit observations and action plans
D. Meet with the chief operating officer 10 obtain Information about the MR department
正解:B
質問 5:
The internal audit activity (IAA) wants to measure its performance related to the quality of audit recommendations. Which of the following client survey questions would best help the IAA meet this objective?
A. Were the findings reported in a timely manner?
B. Were audit findings relevant and useful to management?
C. Does the IAA work with a high degree of professionalism and objectivity?
D. Does the audit report format present issues clearly and concisely?
正解:B
質問 6:
Which of The following best describes a risk that is deemed "unacceptable" to the organization?
A. A risk where likelihood and impact are high
B. A risk where inherent risk exceeds the tolerance level
C. A risk where inherent risk exceeds its residual risk
D. A risk where residual risk exceeds the tolerance level
正解:D
質問 7:
Which of the following sources of testimonial evidence would be considered the most reliable regarding whether a process is effectively performed according to its design?
A. The manager that wrote the steps to be followed
B. The supervisor in charge of the process
C. Two or more people that work in the area
D. The person responsible for performing the task
正解:C
Shimada -
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