Free Access IIA.IIA-CIA-Part1.v2026-07-28.q398 Practice Test (Page 50)

Question 241

Which of the following statements regarding segregation of duties is true?

A.Policies on segregation of duties in information systems must recognize the difference between logical and physical access to assets.

B.An organizational chart provides an accurate definition of segregation of duties.

C.A restrictive segregation-of-duties policy can help improve an organization's communication.

D.When evaluating an organization's policy on segregation of duties, employee competence does not need to be considered.

Question 242

Under which of the following circumstances should the final audit report include a disclosure of nonconformance with the Standards?

A.The internal auditor provided negative assurance, because he found no evidence of misconduct.

B.The annual internal audit plan includes some consulting engagements that are based on opportunities rather than risks to the organization.

C.A new internal auditor moved into the internal audit activity from the payroll department and was immediately assigned to the payroll audit.

D.An external quality assessment of the internal audit activity is performed only once every five years.

Question 243

Due to extreme liquid fuel price fluctuations, management decided to designate a specific price below which liquid fuel shall not be sold to customers, but instead shall be pumped into storage tanks. Which of the following risk responses has management selected?

A.Risk acceptance.

B.Risk transfer.

C.Risk reduction.

D.Risk avoidance.

Question 244

According to IIA guidance, a new internal auditor is expected to possess which of the following competencies?

A.Technical industry-specific expertise.

B.Expertise in cybersecurity, an area of increasing risk.

C.Knowledge of IT risks and controls.

D.Knowledge of forensic accounting.

Question 245

Risk assessments are valuable to the internal audit activity's planning process because they assist in:

A.Eliminating all areas with low risk from the audit plan.

B.Educating management on the importance of keeping the internal audit activity informed of organizational changes.

C.Identifying the audit universe or auditable activities that need to be reviewed.

D.Identifying risks that management and the internal auditors have overlooked.

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Question 241

Question 242

Question 243

Question 244

Question 245

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