IIA IIA-CIA-Part2 Quiz 10 Topic 3 Questions 46-50

Question: 1

A governmental auditor was assigned to determine reasons why the students in one region scored significantly higher on education evaluation tests than did the students in another region. Previous research showed that there is a direct correlation between public financial support and student results. Which of the following is most likely to explain the difference in the regional results?

AThe more successful region spends 30 percent more money on education than does the other region.

BA higher percentage of the general tax fund is spent on education in the more successful region than in the other region.

CThe more successful region spends more money per student on education than does the other region.

DThe more successful region has increased educational spending by an average of 10 percent each year for the last three years, whereas the other region's increase averaged only three percent.

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Question: 2

The chief audit executive (CAE) determined that based on management's oral response, the action taken regarding an audit observation was sufficient when weighted against the relative importance of the audit recommendation. Which of the following is the most appropriate step for the internal auditor to take next?

AInitiate a follow-up audit to ensure that action has really been taken.

BFollow-up with management until a written response is obtained.

CEscalate the issue to the board and get their position on the issue.

DNote in the permanent file that follow-up needs to be performed as part of the next engagement.

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Question: 3

The efficiency of internal audit operations is best enhanced if workpaper standards:

APermit the extent of documentation to vary according to engagement objectives.

BRequire supervisors to initial and date each workpaper that they review.

CAllow access to workpapers by external parties if approved by senior management or the audit committee.

DMandate the workpaper retention period.

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Question: 4

According to the International Professional Practices Framework, which of the following statements is correct regarding the communication of audit results?

1. Summary reports may be issued separately from or in conjunction with the final report.

2. Interim reports may be written or oral.

3. Detailed reports should always be issued to the audit committee.

4. Interim reports should be used to communicate information which requires immediate attention.

AI and III only

BII and IV only

CI, II, and IV only

DI, II, III, and IV.

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Question: 5

Which of the following performance criteria would be most useful when measuring the performance of a customer service desk?

AThe number of customer inquiries recorded per day.

BThe percentage of customer issues resolved within 24 hours.

CThe number of customer complaints recorded per day.

DThe percentage of total customers served per day.

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IIA IIA-CIA-Part2 Quiz:10 Topic:3 Questions:46-50