IIA IIA-CIA-Part2 Quiz 105 Topic 4 Questions 521-525

Question: 1

Which phrase best describes a control-based control self-assessment process?

AEvaluating, updating, and streamlining selected control processes.

BExamining how well controls are working in managing key risks.

CAnalyzing the gap between control design and control frameworks.

DDetermining the cost-effectiveness of controls.

Show Answer

Question: 2

Which of the following factors is least essential to a successful control self-assessment (CSA) workshop?

AVoting technology.

BFacilitation training.

CPrior planning.

DGroup dynamics.

Show Answer

Question: 3

The internal audit activity evaluates controls in response to risks in governance systems regarding

ACompliance with contracts.

BStrategic planning.

CFormation of a governance committee of the board.

DFormation of an audit committee of the board.

Show Answer

Question: 4

Compliance programs assist organizations by doing which of the following?

i. Evaluating business continuity.

ii. Determining director and officer liability.

iii. Evaluating disaster recovery plans.

AI only.

BII only.

CI and II only.

DI, II, and Ill.

Show Answer

Question: 5

Internal audit engagements vary in their degree of objectivity. Of the following, which is likely to be the most objective?

ACompliance engagement relating to an organization's overtime policy.

BOperational engagement relating to the personnel function's hiring and firing procedures.

CPerformance engagement relating to the marketing department.

DFinancial control engagement relating to payroll procedures.

Show Answer

IIA IIA-CIA-Part2 Quiz:105 Topic:4 Questions:521-525