[Q45-Q69] The IIA-CIA-Part1 PDF Dumps Greatest for the IIA Exam Study Guide!

QUESTION 45
Which of the following statements, if true, could justify an auditor’s decision not to report governance-related control deficiencies to the audit committee?

QUESTION 46
Which of the following should be the primary objective of an audit of an entity’s business continuity plan?

QUESTION 47
Once the cause of a problem has been identified, the next step is to:

QUESTION 48
The principle that “no action should be taken that may harm in some way the least fortunate people” is an expression of which of the following more general ethical principles?

QUESTION 49
When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?
Subsequent change orders increase requirements for low-bid items.
Material contract requirements are different on the actual contract than on the request for bids.
A high percentage of employees are charged to indirect accounts.
Losing bidders are hired as subcontractors.

QUESTION 50
Which of the following statements, if true, could justify an auditor’s decision not to report governance-related control deficiencies to the audit committee?

QUESTION 51
When comparing an organization’s current performance to that of the prior year, an internal auditor found that:
-Total labor costs had increased. -More overtime costs had been incurred. -The total number of workers had increased. -Net income was 10 percent lower. – Based solely on this information, which of the following is a valid conclusion?

QUESTION 52
According to the COSO enterprise risk management (ERM) framework,which of the following is not part of the new paradigm in ERM?

QUESTION 53
Which of the following statements is correct regarding corporate compensation systems and related bonuses?
I.A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.
II.Compensation systems are not part of an organization’s control system and should not be reported as such.
III.An audit of an organization’s compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

QUESTION 54
A code of business conduct provides?

QUESTION 55
Which of the following is not a typical objective of any training plan developed for internal audit activity staff?

QUESTION 56
An internal auditor assigned to a supplier management process engagement reviews the risk assessment with the process owner The auditor inquires about the risk response for potentially engaging unqualified third-party service providers The process owner responds that due diligence checks are undertaken to make sure that third parties possess requisite competencies before they are engaged Which of the following risk management techniques is the process owner using?

QUESTION 57
Which of the following should an internal auditor possess in order to fulfill the responsibilities of the internal audit activity?

QUESTION 58
Which of the following would a chief audit executive most likely use to identify a need for improvement in a staff internal auditor’s business acumen?

QUESTION 59
Which of the following is the responsibility of an internal auditor?
1. Assist operating management in implementing audit recommendations.
2. Provide management with value-added analysis to improve operations.
3. Become an advocate for changes to the internal audit activity charter.
4. Disclose non-financial risks that may be identified during the course of an engagement.

QUESTION 60
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?

QUESTION 61
Which of the following situations undermines the independence of the internal audit activity?

QUESTION 62
Which of the following situations presents the lowest risk of impairing an internal audit activity’s independence?

QUESTION 63
According to IIA guidance, which of the following scenarios demonstrates an internal auditor exercising due professional care?
When auditing investments, the auditor identified instruments with which he was unfamiliar. He decided not to select that type of investment in his sample, as he did not have the knowledge needed to

QUESTION 64
In addition to data protection, which of the following is a control that is typically used by companies to safeguard the privacy rights of their customers?
I. End-user computing.
II. Encryption of data.
III. Spyware.
IV. Intrusion detection.

QUESTION 65
A chief audit executive ensures that the internal audit activity provides annual training to management on internal controls. Where is the nature of these services defined?

QUESTION 66
When an external auditor unknowingly fails to modify an opinion on financial statements that are materially misstated, this is an example of:

QUESTION 67
Which of the following lists the audit activities in the order in which they would generally be completed during a preliminary survey?
I. Write detailed audit procedures.
II. Identify client objectives, goals, and standards.
III. Identify risks and controls intended to prevent associated losses.
IV. Determine relevant engagement objectives.

QUESTION 68
Which of the following describes an ongoing monitoring activity that could be performed as part of an internal assessment for a quality assurance and improvement program (QAIP)?

QUESTION 69
Which of the following best describes the underlying premise of the COSO enterprise risk management framework?