Question 441 · 475 in bank
During an audit of the human resources department, an internal auditor adopts benchmarking to test the employee turnover rate. How should the internal auditor apply this technique?
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Answer: A
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During an audit of the human resources department, an internal auditor adopts benchmarking to test the employee turnover rate. How should the internal auditor apply this technique?
Answer: A
Where should internal auditors focus their attention when identifying and assessing key risks during the planning stage of an assurance engagement?
Answer: D
Which of the following risk assessment approaches involves gathering data from work teams representing different levels of an organization?
Answer: C
A senior internal auditor is hired within the internal audit activity for a period of two years before advancing to an operations manager role within the business operations team. Which staffing arrangement is being used in this scenario?
Answer: C
According to IIA guidance, when would an interim report typically be produced?
Answer: C
An internal audit activity is performing an assurance engagement of a shipping organization's billing process. During the early stages of the engagement, the internal audit activity identifies potential high-risk deficiencies in billing transactions with certain vendors. The internal audit activity believes these deficiencies should be communicated to senior management. Which of the following would the internal audit activity include in its preliminary communication to senior management?
Answer: C
During an assurance engagement, it was discovered that cooling water from production facilities was being pumped to a local lake without being filtered. Local management acknowledged the environmental violation, claimed it was an accident, and committed to an immediate response. A few weeks later, the chief audit executive (CAE) received an anonymous call and learned that nothing had changed at the production site. Which of the following is the most appropriate next step for the CAE to take?
Answer: C
An internal auditor reviews vendor invoices for accuracy. The auditor identifies an instance where a vendor was overpaid. The accounts payable manager explained that a debit note was later issued against the vendor and the overpayment was recovered. The auditor confirmed the amount recovered was accurate. Which of the following techniques did the auditor use?
Answer: C
During engagement planning, an internal auditor assessed risks related to achieving business objectives in the area under review. Next, the auditor will identify criteria for evaluating controls. What is the proper action for the auditor to take if such criteria has not been established by management or the board?
Answer: C
The project manager responsible for overseeing a controversial project decides to accept the risks associated with the project launch. These risks might have a significant impact on the organization meeting its environmental sustainability goals. Which of the following is the most appropriate next step for the chief audit executive to take in response to the decision?
Answer: B
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IIA-CIA-PART2 practice, question 441. 475 questions available.
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