Question 71

According to the International Professional Practices Framework, a primary purpose of evaluating the adequacy of an organization's risk management, control, and governance processes is to determine if it:
  • Question 72

    Which of the following actions should an internal auditor take to exercise due professional care?
    1. Consider the probability of significant noncompliance in each audit engagement.
    2. Weigh the cost of assurance against the benefits.
    3. Perform assurance procedures with sufficient care to ensure that all risks are identified.
  • Question 73

    Performing a monthly analysis of potential duplicate invoices paid to suppliers is an example of which type of fraud control?
  • Question 74

    According to IIA guidance, which of the following is an area in which the internal auditor should be proficient?
  • Question 75

    Which of the following lists the audit activities in the order in which they would generally be completed during a preliminary survey?
    I.Write detailed audit procedures.
    II.
    Identify client objectives, goals, and standards.
    III.
    Identify risks and controls intended to prevent associated losses.
    IV.
    Determine relevant engagement objectives.