IIA IIA-CIA-Part2 Quiz 72 Topic 3 Questions 356-360

Question: 1

According to the International Professional Practices Framework, the responsibility for establishing and maintaining a system to monitor the disposition of results communicated to management falls upon:

ACompliance officer.

BChief audit executive.

CSenior management.

DRisk manager.

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Question: 2

Which of the following tasks is typically performed in the analysis phase of a benchmarking consulting engagement?

AIdentifying business capabilities.

BDeveloping data collection tools.

CDetermining benchmarked process attributes.

DDetermining sample size.

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Question: 3

Which of the following should be included in the scope of an audit of a third-party contractor?

1. Budgets and financial forecasts for the project.

2. Contractor's information and control systems.

3. Contractor's financial position.

4. Progress of the project and costs incurred.

A1 and 4 only

B1, 2, and 3 only

C2, 3, and 4 only

D1, 2, 3, and 4

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Question: 4

In response to an audit finding, senior management informed the auditor that the issue would be investigated and resolved when time permitted. According to the International Professional Practices Framework, this action was not acceptable because:

AThe appropriate level of management was not involved in the review and resolution of the issue.

BResponses should include sufficient information to evaluate the adequacy and timeliness of corrective action.

CThe board had not reviewed management's responses to the engagement observations and recommendations.

DOther departments should have been contacted to determine if they shared responsibility for corrective action.

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Question: 5

An internal auditor is reviewing purchases made through the organization's corporate credit card program. Which of the following statements best describes a root cause of a deficiency?

AA personal computer was purchased from a non-approved vendor.

BCompany policy limits card use to $500 per transaction.

CA control to detect split purchases has not been activated in the credit card system.

DSample testing found 10% non-compliance with the organization's business travel policy.

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IIA IIA-CIA-Part2 Quiz:72 Topic:3 Questions:356-360