최신IIA Internal Audit Engagement - IIA-CIA-Part2무료샘플문제

A. Internal auditors must exercise due professional care to ensure that all significant risks will be identified.

B. Due professional care requires the internal auditor to conduct extensive examinations and verifications to ensure fraud does not exist.

C. Due professional care is displayed during a consulting engagement when the internal auditor focuses on potential benefits of the engagement rather than the cost

D. Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor.

A. Haphazard sampling.

B. Discovery sampling.

C. Stop-or-go sampling.

D. Stratified attribute sampling.

A. Due diligence risk

B. Nonsampling risk

C. Sampling risk

D. Inherent risk

A. Assurance providers who report to management and/or are part of management cannot provide control self-assessments services

B. Internal auditors should always reperform and validate audit work completed by external assurance providers.

C. internal auditors can rely on the work of other assurance providers only if the other assurance providers report directly to the board

D. Internal auditors may rely on the work of internal compliance teams to expand their coverage of the organization without increasing direct audit hours.

A. Residual risk

B. Control activities

C. Inherent risk

D. Compensating controls

A. It is inappropriate for management to exercise judgement in assessing whether components are present, functioning, and operating together

B. introducing judgment generally diminishes managements ability to make good decisions about internal control

C. It is inappropriate for management to exercise judgement in areas such as specifying and using suitable accounting principles.

D. The use of judgment enhances managements ability to make better decisions about internal control, but cannot guarantee perfect outcomes.

A. Contact management to determine whether the supporting documentation can be located elsewhere.

B. Expand the sample size to 60 to determine whether the error rate remains the same.

C. Select five new accounts to replace the ones that were missing supporting documentation.

D. Conclude that the test failed because at least 17 percent of the sample items were not supported.

A. 2, 3, and 4

B. 1 and 2

C. 1, 2, and 3

D. 2 and 4

A. The CAE can release prior information provided it is as originally published and distributed within the organization.

B. The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.

C. The CAE can release prior internal audit reports with the approval of the board and senior management.

D. The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.

A. It does not allow users to determine short-term debt-paying ability.

B. It does not take into account liabilities and provides an assets-based view.

C. It is not applicable to companies that operate in the heavily regulated banking industry.

D. It does not reflect cash-generation capacities in case of unforeseen circumstances.