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Question 1/159
According to IIA guidance, which of the following are potential benefits of using an assurance map?
Correct Answer: C
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- Other Question (159q)
- Q1. According to IIA guidance, which of the following are potential benefits of using an assur...
- Q2. An internal auditor is assigned to conduct an audit of security for a local area network (...
- Q3. During a consulting engagement, an internal auditor identifies new risks which will impact...
- Q4. According to IIA guidance, which of the following accurately describes the responsibilitie...
- Q5. According to IIA guidance, which of the following strategies would add the least value to ...
- Q6. Which of the following is a responsibility of the internal auditor once a fraud investigat...
- Q7. Which of the following statements is correct regarding the assessment of risk in the annua...
- Q8. An auditor evaluating excessive product rejection rates should investigate: I. Communicati...
- Q9. Which of the following is an advantage to using the questionnaire approach when conducting...
- Q10. Which of the following evaluation criteria would be the most useful to help the chief audi...
- Q11. According to IIA guidance, which of the following is least likely to be a key financial co...
- Q12. A bakery chain has a statistical model that can be used to predict daily sales at individu...
- Q13. An internal auditor is planning to audit the organization's payroll function, which was re...
- Q14. Ordinarily, which of the following would not be an objective of an internal audit quality ...
- Q15. Which of the following is the correct ratio to use in calculating the dollar value of the ...
- Q16. An organization has recently incurred significant cost overruns on one of its construction...
- Q17. Which of the following trends found on financial reports would most likely indicate a poss...
- Q18. A company has recently incurred significant cost overruns on one of its construction proje...
- Q19. The scope of a business process review primarily involves:...
- Q20. An audit of a Web-based third-party payment processor determined that a programming error ...
- Q21. Senior management of an organization has requested that the internal audit activity provid...
- Q22. During an audit of a contract for computer security, a governmental auditor finds that a c...
- Q23. What is the primary factor that determines the depth and breadth of audit follow-up?...
- Q24. Which of the following recommendations made by the internal audit activity (IAA) is most l...
- Q25. The chief audit executive established an internal audit activity (IAA) performance standar...
- Q26. Which of the following best defines an audit opinion?...
- Q27. Questions used to interrogate individuals suspected of fraud should:...
- Q28. A chief audit executive (CAE) following up on action plans from previously completed audit...
- Q29. A company used simple regression analysis to analyze maintenance costs against machine hou...
- Q30. An audit of a Web-based third-party payment processor determined that a programming error ...
- Q31. Which of the following potential performance measures should an auditor recommend excludin...
- Q32. According to IIA guidance, which of the following is true about the supervising internal a...
- Q33. Which of the following is correct with respect to roles within an enterprise-wide risk man...
- Q34. Which of the following types of contracts would provide the least incentive for a contract...
- Q35. The internal audit manager has been delegated the task of preparing the annual internal au...
- Q36. During a fraud interview, it was discovered that unquestioned authority enabled a vice pre...
- Q37. During an audit of an ethics program, which of the following procedures are most appropria...
- Q38. According to IIA guidance,when performing a compliance audit of data security standards fo...
- Q39. An audit engagement objective at a manufacturer is to determine the quality of raw materia...
- Q40. A company owns a machine that will produce 100 light switches in four hours. Due to increa...
- Q41. Which role is not considered a change agent when an organization wants to implement struct...
- Q42. Which of the following factors should a chief audit executive consider when determining th...
- Q43. In which of following scenarios is the internal auditor performing benchmarking?...
- Q44. According to the Standards, which of the following is an attribute when applied to the obs...
- Q45. Which of the following is a detective control for managing the risk of fraud?...
- Q46. An auditor plans to analyze customer satisfaction, including: (1) customer complaints reco...
- Q47. Which of the following potential performance measures should an auditor recommend excludin...
- Q48. A report prepared by the internal audit activity contains several observations that disclo...
- Q49. According to IIA guidance, which of the following accurately describes the responsibilitie...
- Q50. While reviewing the draft report of an audit engagement, the chief audit executive (CAE) i...
- Q51. When performing a compliance audit of the organization's outsourced services, which of the...
- Q52. According to IIA guidance, which of the following are acceptable strategies for an interna...
- Q53. A chief audit executive (CAE) received a detailed internal report of senior management's i...
- Q54. CORRECT TEXT A fast-food company is developing a computer simulation involving arrival tim...
- Q55. The internal audit activity of an organization obtained approval to add a senior auditor t...
- Q56. An internal auditor has completed an audit of an organization's activities and is ready to...
- Q57. Which of the following are advantages of flowcharts over internal control questionnaires''...
- Q58. A recent survey indicated that residents of a small town take the train to a nearby city e...
- Q59. Which of the following would most likely contribute to discrepancies between receiving rep...
- Q60. Which of the following statements is true pertaining to interviewing a fraud suspect? 1. I...
- Q61. An internal auditor has completed an audit of an organization's activities and is ready to...
- Q62. The most effective way for internal auditors to enhance the reliability of computerized fi...
- Q63. An internal auditor would most likely use attributes sampling when testing which of the fo...
- Q64. What type of analysis is performed when an auditor tests for unusual variations in informa...
- Q65. The chief audit executive (CAE) decided that based on management's oral response, the acti...
- Q66. Which of the following is an advantage of control self-assessment (CSA) over conventional ...
- Q67. An internal auditor is reviewing a new automated human resources system. The system contai...
- Q68. Production managers for a manufacturing company are authorized to prepare emergency purcha...
- Q69. Which of the following has the greatest effect on the efficiency of an audit?...
- Q70. When performing a compliance audit of the organization's outsourced services, which of the...
- Q71. Which of the following best defines an engagement conclusion?...
- Q72. A post-audit questionnaire sent to audit clients is an effective mechanism for:...
- Q73. Which of the following components should be included in an audit finding? 1. The scope of ...
- Q74. When estimating the impact of an inherent risk, which of the following should internal aud...
- Q75. A chief audit executive (CAE) of a major retailer has engaged an independent firm of infor...
- Q76. Which of the following actions by management would reduce an employee's opportunity to com...
- Q77. When forming an opinion on the adequacy of management's systems of internal control, which...
- Q78. When determining if appropriate resources exist to achieve engagement objectives, which of...
- Q79. According to IIA guidance, which of the following statements best justifies a chief audit ...
- Q80. An internal auditor compares real-time gasoline production data to corresponding final gas...
- Q81. An engagement work program o of greatest value to audit management when which of the follo...
- Q82. An auditor is performing a review of a complex process to identify opportunities to increa...
- Q83. Which of the following is a preventive control for fraud?...
- Q84. Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by...
- Q85. A governmental auditor was assigned to determine reasons why the students in one region sc...
- Q86. During the quarterly review of the internal audit activity's performance, the chief audit ...
- Q87. The chief audit executive can illustrate the value of the internal audit activity by repor...
- Q88. An audit engagement objective at a manufacturer is to determine the quality of raw materia...
- Q89. According to the International Professional Practices Framework, which of the following si...
- Q90. The scope of a consulting engagement performed by internal auditors should:...
- Q91. Which of the following performance criteria would be most useful when measuring the perfor...
- Q92. What is the most important risk in determining the validity of construction delay claims?...
- Q93. Which of the following is the most common method management can use to manage risk within ...
- Q94. Why should internal auditors develop a strong relationship with the external auditors?...
- Q95. During which of the following systems development stages would it be most useful for an in...
- Q96. Which method of examining entity-level controls involves gathering information from work g...
- Q97. A corporate merger decision prompts the chief audit executive (CAE) lo propose interim cha...
- Q98. The chief audit executive of a medium-sized financial institution is evaluating the staffi...
- Q99. During which of the following systems development stages would it be most useful for an in...
- Q100. New environmental regulations require the board to certify that the organization's reporte...
- Q101. A large retail organization, which sells most of its products online, experiences a comput...
- Q102. The newly appointed chief audit executive (CAE) of a large multinational corporation, with...
- Q103. Which of the following is least likely to vary when conducting audit engagements in differ...
- Q104. An internal auditor discovered that a new employee was granted inappropriate access to the...
- Q105. An organization's policies allow buyers to authorize expenditures up to $50,000 without an...
- Q106. According to the International Professional Practices Framework, which of the following is...
- Q107. Which of the following factors could interfere with effective problem solving by an intern...
- Q108. An internal auditor is planning a consuming engagement and the objective is to identify op...
- Q109. Management requested the chief audit executive (CAE) to include an audit of the organizati...
- Q110. An auditor is performing a review of a complex process to identify opportunities to increa...
- Q111. Which of the following conclusions would be appropriate for a beginning auditor performing...
- Q112. During a payroll audit of a large organization, an internal auditor noted that the assista...
- Q113. During an audit of an ethics program, which of the following procedures are most appropria...
- Q114. In forming a team to investigate an organization's potential adoption of an activity-based...
- Q115. When conducting a performance appraisal of an internal auditor who has been a below-averag...
- Q116. Which of the following data collection strategies systematically tests the effects of vari...
- Q117. Which of the following would be most helpful to a governmental auditor searching for the e...
- Q118. Which of the following is used to identify and prioritize critical business applications t...
- Q119. Which of the following is the most appropriate step for the chief audit executive to take ...
- Q120. What is the most likely source of information for a detailed schedule of a company's insur...
- Q121. Which of the following processes real-transaction data through auditor-developed test prog...
- Q122. According to IIA guidance, which of the following would not be a consideration for the int...
- Q123. Which of the following statements is false regarding roles and responsibilities pertaining...
- Q124. An audit of a company's accounts payable found that the individuals responsible for mainta...
- Q125. The chief audit executive (CAE) of an organization has established an internal audit activ...
- Q126. During an assurance engagement, an internal auditor discovered that a sales manager approv...
- Q127. Questions used to interrogate individuals suspected of fraud should:...
- Q128. A staff auditor, nearly finished with an audit engagement, discovers that the director of ...
- Q129. A recent survey indicated that residents of a small town take the train to a nearby city e...
- Q130. Which of the following actions best describes an internal auditor's use of test data to de...
- Q131. Which of the following would cause a company's accounts receivable turnover ratio to decre...
- Q132. Where should internal auditor focus their attention when identify and assessing key risks ...
- Q133. Which of the following sources of testimonial evidence would be considered the most reliab...
- Q134. According to the Standards, which of the following describes the condition attribute when ...
- Q135. The final engagement communication contains the following observation: The internal audito...
- Q136. Which of the following statements is correct regarding the use of a program evaluation and...
- Q137. As part of internal audit's assistance with an annual external audit, the internal auditor...
- Q138. Which of the following situations would justify the removal of a finding from the final au...
- Q139. In which of the following situations has an internal audit of obtained physical evidence?...
- Q140. Which of the following best describes how an internal auditor would use a flowchart during...
- Q141. Insurance companies often receive electronic hospitalization claims directly from hospital...
- Q142. An organization has recently incurred significant cost overruns on one of its construction...
- Q143. Which of the following is not a direct benefit of control self-assessment (CSA)?...
- Q144. An auditor decides to vouch a sample of ledger entries back to their original documentatio...
- Q145. An internal auditor wants to assess the completeness of sales invoices issued by the organ...
- Q146. Which of the following is correct with respect to roles within an enterprise-wide risk man...
- Q147. Which of the following is used to identify and prioritize critical business applications t...
- Q148. An auditor decides to vouch a sample of ledger entries back to their original documentatio...
- Q149. Which of the following is the primary reason for internal auditors to conduct interim comm...
- Q150. Which of the following statements is correct regarding the assessment of risk in the annua...
- Q151. Which of the following best describes external benchmarking using trend analysis for a sub...
- Q152. An appliance repair company is considering relocating the center that houses its service v...
- Q153. An internal auditor noticed that employees with responsibilities for cash collection had r...
- Q154. Which of the following would be included in an internal audit department's quality assuran...
- Q155. Which of the following must an auditor establish in order to demonstrate that fraud has oc...
- Q156. Which of the following would have the least significance in an audit of the efficiency of ...
- Q157. An organization has developed a large database that tracks employees, employee benefits, p...
- Q158. A code of business conduct should include which of the following to increase its deterrent...
- Q159. The board of directors expressed concerns about potential external risks that could impact...
