최신 IIA-CIA-Part1 무료덤프 - IIA Essentials of Internal Auditing

A. Statistical sampling itself identifies root causes of issues, utilizes a qualitative method for analyzing results, and supports engagement objectives through the

B. Statistical sampling allows for the selection of a minimum sample size, provides a quantitative expression of the IAA's sampling results, and supports extrapolation.

C. Statistical sampling allows for evaluation of all organizational data at once, increases the likelihood that risks are immediately identified, and does not require a level of tolerable misstatement or margin of error.

D. Statistical sampling sets limits on resources used for the IAA, allows for a subjective interpretation of the IAA's sampling results, and supports The Institute of Internal Auditors' requirements for using questionnaires as a sampling tool.

A. Provide the activity reports to senior management as requested and discuss any issues that may require action to be taken.

B. Provide information to senior management that pertains only to completed audit engagements and observations available in published engagement final

C. Disclose only those matters in the activity reports that pertain to expenditures and financial budgets of the internal audit activity.

D. Not provide activity reports to senior management because such matters are the sole province of the board.

A. Forensic auditing.

B. Corporate governance structures.

C. Internal controls.

D. Risk management techniques.

A. The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.

B. The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.

C. The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.

D. The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.

A. As opposed to auditors, NGO members are licensed to audit corporate social responsibility.

B. Typically less time is needed to train the NGO members on the audit process.

C. A report with a positive statement from an NGO member is deemed to be more credible.

D. NGO members are often more unbiased and objective.

A. A review of prepayment terms and prepayments made to third-party service providers.

B. A review of counterparties, their backgrounds, established credit limits, and payment history.

C. A review of behavior and ethical requirements established for third-party service providers.

D. A review of a sample of approved vendor invoices and comparison to authorization limits.

A. Risk management is most effective when both managers and internal auditors consider all areas of risk immediately after the organization sets its strategy.

B. Risk management ensures the achievement of the organization's profitability goals by identifying and addressing risks.

C. Risk management involves not only the mitigation of risks, but also the exploitation of opportunities that enable success.

D. Risk management must be a separate function within the organization in order for the internal audit activity to add value.

A. Identification of large budget variances in disposal costs for hazardous chemicals.

B. Formal on-the-job training program conducted by the environmental staff.

C. Restricted access to environmental department files.

D. Samples of water and solid waste taken daily with the results recorded in a log.

A. Application controls.

B. Compensating controls.

C. Preventive controls.

D. Detective controls.

A. Inventory test counts.

B. Bank statements.

C. Remittance advices.

D. Written policy statements.

A. Appropriate definition of internal audit scope and responsibility in the charter.

B. Assurance of internal audit objectivity and organizational independence by the board.

C. Annual review of the audit charter by management.

D. Appropriate compliance coverage in the annual audit plan.

A. A quality assurance and improvement program is applicable depending on the size and complexity of the audit function.

B. An internal audit function that is fully complying with internal assessment of quality can confidently claim it is performing in conformity with the International Professional Practices Framework.

C. The chief audit executive can establish a formal quality assurance and improvement program that is led by an audit manager.

D. The board has the primary responsibility for implementation of a robust quality assurance and improvement program for internal audit.