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According to IIA guidance which of the following statements is true regarding heat maps?
According to IIA guidance which of the following statements is true regarding heat maps?A . A heat map sets likelihood to have higher priority than impact. B. A heat map sets impact to have higher priority than likelihood. C. A heat map recognizes that the priority of impact and likelihood...
Which of the following should be described in the recognition element of a typical internal audit repot?
Which of the following should be described in the recognition element of a typical internal audit repot?A . Positive aspects of the process or area under review B. A brief synopsis of the process of area under review C. Outcomes and ratings of the process or area under review D....
Which of the following recommendations made by the internal audit activity (IAA) is most likely to help prevent fraud?
Which of the following recommendations made by the internal audit activity (IAA) is most likely to help prevent fraud?A . A review of password policy compliance found that employees frequently use the same password more than once during a year. The IAA recommends that the access control software reject any...
Which of the following best illustrates the primary focus of a risk-based approach to control self-assessment?
Which of the following best illustrates the primary focus of a risk-based approach to control self-assessment?A . To evaluate controls regarding the computer security of an oil refinery. B. To examine the processes involved in exploring, developing, and operating a gold mine. C. To assess the likelihood and impact of...
Which of the following statements regarding the risk management process' support of the internal audit activity is true?
Which of the following statements regarding the risk management process' support of the internal audit activity is true?A . The risk management process can provide more extensive internal audit services to the organization if it does not have an internal audit department B. The risk management process supports internal audit...
Which of the following factors could cause this trend?
A chief audit executive's report to the board showed a significant trend of recent aud4s going over planned budgeted hours. Which of the following factors could cause this trend?A . Poor engagement supervision B. ineffective board reporting C. Untimely observation follows up and closure D. Limited staff resourcesView AnswerAnswer: A
Which of the following situations would justify the removal of a finding from the final audit report?
Which of the following situations would justify the removal of a finding from the final audit report?A . Management disagrees with the report findings and conclusions in their responses. B. Management has already satisfactorily completed the recommended corrective action. C. Management has provided additional information that contradicts the findings. D....
What sort of audit evidence has the internal auditor primarily obtained?
An internal auditor conducted interviews with several employees, documented the interviews analyzed the summaries, and drew a number of conclusions. What sort of audit evidence has the internal auditor primarily obtained?A . Documentary evidence B. Testimonial evidence C. Analytical evidence D. Physical evidenceView AnswerAnswer: A
Which of the following would most appropriately be used for this purpose?
An internal auditor is assigned to validate calculations on the organization's building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing. Which of the following would most appropriately be used for this purpose?A . Generalized audit software....
Which of the following describes an appropriate role for the chief audit executive (CAE) with regard to the organization's health and safety program?
An organization has a health and safety division that conducts audits to meet regulatory requirements. The chief health and safety officer reports directly to the CEO. Which of the following describes an appropriate role for the chief audit executive (CAE) with regard to the organization's health and safety program?A ....
