IIA
IIA-CIA-Part1
Q1:
Which of the following would best preserve the organizational independence of the internal audit activity?
○
A
The internal audit charter is approved by the chief audit executive (CAE).○
B
The CAE reports functionally to the CEO.○
C
The CAE's internal audit plan is endorsed by the board.○
D
The chief financial officer determines the appointment of the CAE.
IIA
IIA-CIA-Part1
Q2:
Which of the following statements is true regarding organizational independence of the internal audit activity (IAA)?
○
A
Reporting to a higher level within the organization reduces the potential scope of engagements that can be undertaken by the IAA.○
B
The benefit of the IAA's organizational independence is realized primarily via reduced costs for the external auditor.○
C
Independence is impaired when the scope of the IAA is subject to changes required by senior management.○
D
Inadequate organizational independence can result in the chief audit executive being able to fire staff without consulting the audit committee.
IIA
IIA-CIA-Part1
Q3:
Which of the following documents most directly describes the guidelines for and importance of the objectivity of internal auditors?
○
A
Internal audit quality assessments.○
B
Internal audit charter.○
C
Internal audit plan.○
D
Internal audit reporting.
IIA
IIA-CIA-Part1
Q4:
Which of the following activities would breach the principles of The IIA's Code of Ethics?
○
A
The internal auditor is keeping personal notes from an engagement conducted on the organization's information system security for future use.○
B
The internal auditor is performing an engagement of the purchasing department where he used to work five years ago.○
C
The internal auditor is using information from a recent engagement to assist with a friend's business.○
D
The internal auditor is discussing relevant information involving questionable vendors with a government regulatory agency.
IIA
IIA-CIA-Part1
Q5:
Which of the following must be considered by the chief audit executive before writing the internal audit charter?
○
A
Internal auditors' level of competencies and skills.○
B
The manner in which the internal audit activity is viewed by the board.○
C
Evaluation of staff certifications and continued development.○
D
Effectiveness of the quality assurance and improvement program.