Free Access IIA.IIA-CIA-Part1.v2023-03-29.q231 Practice Test (Page 27)

Question 126

In which of the following scenarios would it be appropriate for the chief audit executive (CAE) to report that the internal audit activity conforms with the Standards?

A.It A new internal audit activity was formed four years ago. An external assessment was never performed, but successive internal assessments were performed and support the conclusion that the internal audit activity conforms with the Standards

B.The results of the last external assessment of the internal audit activity, performed a little over five years ago, indicated that the internal audit activity conforms with the Standards. The most recent internal assessment performed within the past year also indicates conformance.

C.To reduce costs, the CAE excluded the use of external assessors from the internal audit activity's quality assurance and improvement program for the past seven years.
However, the CAE concluded that the internal audit activity conforms with the Standards because all internal assessments over the period have supported this conclusion.

D.An internal self-assessment completed yesterday found that the internal audit activity did not conform with the Standards when carrying out its work. However, the preceding independent external assessment supports the conclusion that the internal audit activity conforms with the Standards.

Question 127

Which of the following statements is true regarding consulting and assurance engagements performed by the internal audit activity'?

A.For a consulting engagement objectives must address governance risk management and control processes to the extent agreed upon with the client. This is not true of assurance engagements

B.Engagement planning and fieldwork are similar for both types of engagements (there are no major differences) although the reporting process is different depending on which service is provided

C.For both assurance and consulting engagements, the auditor must independently and objectively select the criteria for evaluation

D.For a consulting engagement, internal auditors and management jointly agree on the adequate criteria needed to evaluate governance, risk management, and controls. This is not true of assurance engagements

Question 128

Which of the following should an internal auditor take into consideration when making a judgement regarding whether management selected appropriate risk responses?

A.Risk appetite

B.Significant risks

C.Risk capacity

D.Risk tolerance

Question 129

Which of the following scenarios demonstrates nonconformance with the Standards?

A.An internal audit activity has existed for two years and has not undergone external quality assessment

B.A chief audit executive fated to perform a risk assessment prior to preparing the audit plan

C.An internal audit activity lacks the skills need to perform a high-risk security engagement included on the annual audit plan.

D.An internal auditor failed to expand the engagement and include managements preferences when determining the scope of an upcoming assurance engagement.

Question 130

According to IIA guidance, which of the following actions is a chief audit executive required to take with regard to reporting the results of the quality assurance and improvement program?

A.Report ongoing monitoring quarterly

B.Report external assessments at least annually

C.Report external assessments upon completion of such assessments

D.Report post-engagement reviews at least once every five years

Other Version: 1002IIA.IIA-CIA-Part1.v2025-05-21.q605; 3357IIA.IIA-CIA-Part1.v2024-09-23.q699; 2039IIA.IIA-CIA-Part1.v2023-11-09.q158; 2714IIA.IIA-CIA-Part1.v2023-04-17.q104; 3637IIA.IIA-CIA-Part1.v2023-02-22.q207; 4130IIA.IIA-CIA-Part1.v2023-02-14.q152; 4287IIA.IIA-CIA-Part1.v2023-02-01.q147; 3787IIA.IIA-CIA-Part1.v2022-07-16.q118; 4681IIA.IIA-CIA-Part1.v2022-02-22.q141; 126IIA.Prepawayete.IIA-CIA-Part1.v2021-09-10.by.earl.163q.pdf

Latest Upload: 105OCEG.GRCP.v2025-09-11.q211; 104HP.HPE0-V27.v2025-09-11.q78; 118Oracle.1Z0-1057-23.v2025-09-10.q47; 150Google.Professional-Cloud-Network-Engineer.v2025-09-09.q179; 131SAP.C-S4EWM-2023.v2025-09-08.q83; 164TheSecOpsGroup.CNSP.v2025-09-08.q20; 223CFAInstitute.ESG-Investing.v2025-09-08.q173; 158PECB.ISO-IEC-27001-Lead-Implementer.v2025-09-06.q132; 150Salesforce.Data-Architect.v2025-09-05.q216; 144Adobe.AD0-E605.v2025-09-05.q50

Question 126

Question 127

Question 128

Question 129

Question 130

Download PDF File