Online Access Free IIA-CHAL-QISA Practice Test

According to IIA guidance, which of the following statements is true regarding engagement planning?

• A.For both consulting and assurance engagements, internal auditors usually form the engagement objectives prior to completing the preliminary risk assessment
• B.Internal auditors may not need to complete a preliminary risk assessment for a consulting engagement as they would when planning an assurance engagement.
• C.The expectations and objectives of an assurance engagement are usually determined by. or in conjunction with, the engagement client
• D.For both assurance and consulting engagements, planning typically occurs after the engagement objectives and scope have already been determined.

Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care?

• A.The internal audit charter
• B.A non-disclosure agreement
• C.An annual declaration of commitment to The HAs Code of Ethics.
• D.A description of their job responsibilities.

An auditor finds no evidence supporting management's assertion that a key control operates daily.
The auditor should:

• A.Remove the control from the audit scope.
• B.Accept management's explanation.
• C.Conclude the control is operating effectively.
• D.Consider the control ineffective until evidence is obtained.

Which of the following processes does the board manage to ensure adequate governance?

• A.Develop, approve, and execute the strategic plan of the organization
• B.Select board members with necessary knowledge and skills.
• C.Establish and measure performance objectives for the internal audit activity
• D.Develop strategies to mitigate the risks to achieving the organization's objectives

Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?

• A.Evaluate how the organization manages fraud risk.
• B.Ensure risk responses are aligned with industry standards
• C.Verify that organizational objectives are aligned with each departments objectives.
• D.Establish procedures for improving risk management processes.