IIA CPEA Quiz 2 Topic 1 Questions 6-10

Question: 1

Directors and officers:

AShould protect themselves from environmental liability by refusing to become personally responsible

BMay be personally responsible for allowing pollution to occur unless they can show that they used due diligence to prevent the pollution from occurring

CHave no obligation with respect to environmental damage

DCan only be responsible for environmental damage if they were directly involved in its creation

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Question: 2

Which one of the following is the source document for staff salaries?

AApproved payrolls

BVouchers

CAccounting statements

DCash memos

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Question: 3

Section 3 of the General Principles Guideline (14010) requires that ''the audit should only be undertaken if, after consultation with the client, it is the lead auditor's opinion that:''

AThere are adequate resources to support the audit process

BThere is adequate time to support the audit process

CThere are at least 10 members of audit team to support the audit process

DNone of these

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Question: 4

One of the early keys to developing a successful program, regardless of the strategy selected, is commitment. Top management's role at this stage is critical. Before any audits are conducted, management must develop and communicate a policy that supports the of an audit program.

AConcept

BFeature

CAgenda

DFunctional area

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Question: 5

Which one of the following is NOT a factor included in the control environment of an entity?

AIntegrity and ethical values

BRisk assessment

CCommitment to competence

DOrganization structure

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IIA CPEA Quiz:2 Topic:1 Questions:6-10