QUESTION 98
Which of the following controls could an internal auditor reasonably conclude is effective by observing the physical controls of a large server room?

QUESTION 99
According to the Standards, for how long should internal auditors who have previously performed or had management responsibility for an operation wait to become involved in future internal audit activity with that same operation?

QUESTION 100
Which of the following is the most common way that occupational fraud is detected?

QUESTION 101
Which of the following statements is true about The IIA Global Internal Audit Competency Framework?

QUESTION 102
The last quality assessment of the internal audit activity identified three areas for improvement: the achievement of audit engagement objectives, quality of work, and staff development. According to IIA guidance, which of the following should be the chief audit executive’s primary focus to achieve these recommended improvements?

QUESTION 103
Which of the following is most likely to enhance an internal auditor’s objectivity?

QUESTION 104
An internal auditor wants to sample data to test an audit theory in a cost-effective way. Which of the following sampling strategies should she use?

QUESTION 105
According to COSO, which of the following is not considered one of the components of an organization’s internal environment?

QUESTION 106
Which of the following statements accurately describes an internal auditor’s responsibility with regard to due professional care?

QUESTION 107
Which of the following scenarios would represent the greatest threat to the authority of the internal audit activity (IAA)?

QUESTION 108
Which of the following would be the most appropriate first step for the board to take when developing an effective system of governance?

QUESTION 109
A credit card company detects potential errors in credit card numbers by checking whether all entered numbers contain the correct amount of digits. This is an example of which of the following IT controls?

QUESTION 110
According to IIA guidance, which of the following statements is false regarding continuing professional education for the internal audit activity (IAA)?

QUESTION 111
Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?

QUESTION 112
Which two of the following are preventive controls in a check disbursement process?
1. Daily reconciliation of the bank account used for check disbursements and prompt follow-up of un-reconciled items.
2. Segregation of the following duties: establishing new vendors, approving checks, and reconciling the bank account.
3. An activity report detailing who accesses the check disbursement system and the nature of any action taken in the system.
4. Evidence of strong access controls ensuring that authorized individuals have access only to the functions related to their responsibilities.

QUESTION 113
What is the purpose of a secondary control?

QUESTION 114
A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?

QUESTION 115
Which of the following factors have the greatest influence on the independence of the internal audit activity?

QUESTION 116
An internal audit charter, approved by the board, restricts the internal audit activity to providing assurance only on the reliability of financial information and the effectiveness of internal accounting controls. Which of the following statements is true regarding the extent to which the external auditor may rely on the internal audit activity’s work?

QUESTION 117
An assurance mapping exercise helps an organization do which of the following?
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.