IIA IIA-CIA-Part1 Quiz 122 Topic 6 Questions 606-610

Question: 1

Which of the following characteristics could indicate high risk?

AManagement decisions are made by a committee of mid to higher level management personnel.

BThe company is not in a rapidly growing industry.

CThe company's profitability is lower than the industry norm.

DManagement turnover has been very low.

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Question: 2

An auditor is using audit software to check inventory accuracy. Which of the following would be an indicator of poor input edit controls?

ANegative quantities on hand.

BTotal dollar values of zero for some parts.

CAlpha characters in the field for order lead time.

DReorder levels set too high.

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Question: 3

Two individuals are being considered for an audit team that is to perform a highly technical review.

Which of the following situations would preclude selection of the individual for the audit due to an objectivity concern?

I . Person A is a member of the internal audit staff and has the required technical skills. Person A participated in a controls review of the system to be audited when it was being developed.

II . Person B is a technical specialist who understands the audit area but is not a member of the internal audit staff. Although person B has personal credibility in the information systems department to be audited, person B works for another department in the organization.

AI only

BII only

CBoth I and II.

DNeither I nor II.

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Question: 4

Which of the following measurements could an auditor use in an audit of the efficiency of a motor vehicle inspection facility?

AThe total number of cars approved.

BThe ratio of cars rejected to total cars inspected.

CThe number of cars inspected per inspection agent.

DThe average amount of fees collected per cashier.

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Question: 5

A code of business conduct provides?

AA fraud avoidance plan that does not explicitly describe punishments for violations.

BA passive method of fraud deterrence.

CA program to anonymously report irregularities to authorities.

DAn alternative to 'tone at the top' programs.

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IIA IIA-CIA-Part1 Quiz:122 Topic:6 Questions:606-610