Free Access IIA.IIA-CIA-Part1.v2023-02-22.q207 Practice Test (Page 18)

Question 81

Which of the following are considered root causes of fraud?

A.Perceived need and weak internal controls

B.Rationalization and corruption

C.Opportunity and perceived need

D.Corruption and opportunity

Question 82

An auditor for a large wholesaler is evaluating the controls over the approval and oversight of credit sales. Which of the following procedures would be a control weakness?

A.The finance committee of the board of directors periodically reviews credit standards

B.The credit department is responsible for approving shipments to all customers

C.Customers who fail to meet credit requirements must pay cash for shipments upon delivery

D.The sales department is responsible for determining the credit ratings of customers

Question 83

Which of the following statements is true regarding control activities?

A.Control activities are implemented by internal auditors to mitigate risks to an acceptable level.

B.Control activities are carried out by first-line and second-line functions to mitigate risks.

C.Control activities provide the foundation for the organization to establish its risk appetite.

D.Control activities are a precondition to setting risk tolerance levels.

Question 84

Which of the following is a greater consideration for internal auditors when they are performing a consulting engagement than when they are performing an assurance engagement'?

A.The cost of the engagement relative to its benefits

B.The relative complexity of the engagement

C.The extent of work needed to achieve the engagement's objective

D.The needs and expectations of the engagement client

Question 85

According to the Standards, which of the following is a requirement for internal audit professional development plans?

A.Plans must include a path to certification so that each internal auditor has a certification in auditing finances.

B.Plans must include rotating auditors out into business units for temporary assignments so they can obtain more business knowledge.

C.Plans must include rotating audit areas so that auditors acquire business knowledge to be efficient in performing engagements.

D.Plans must ensure that staff development activities are based primarily on the skills and competencies needed to complete the audit plan.

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Question 81

Question 82

Question 83

Question 84

Question 85

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