Free Access IIA.IIA-CIA-Part1.v2026-07-28.q398 Practice Test (Page 66)

Question 321

According to IIA guidance, an internal audit charter should detail which of the following?

A.The objectives and goals of management

B.The process used by the CAE to manage the organization's internal controls

C.The nature of services that the internal audit activity will provide to external third parties

D.The responsibilities of the audit committee

Question 322

The results of an assessment of the adequacy of controls would be considered incomplete or misleading unless the internal auditor considers which of the following?

A.Use of computer-assisted auditing techniques.

B.Effectiveness of the control environment

C.Number of mitigating controls.

D.IT security controls

Question 323

The internal auditor of a small manufacturer noted that the accounting department has insufficient staff to achieve proper segregation of duties. What type of controls would the auditor likely recommend to management to specifically address this problem?

A.Directive.

B.Entity-level.

C.Compensating.

D.Preventive.

Question 324

According to IIA guidance, which of the following is the strongest indicator of deficiencies in the risk management process?

A.Many aspects of the related enterprise risk management program are informal and undocumented.

B.Management's primary objective is minimizing changes to the structure and operation of the risk management process.

C.Separate evaluations of the risk management process were conducted, but the results were never integrated.

D.The periodic evaluation of risk ratings is primarily dependent on subjective assessments.

Question 325

The audit committee has asked the chief audit executive (CAE) to assist in the selection of a new external audit firm. Which of the following is an appropriate action by the CAE?

A.The CAE develops a formal set of criteria for the audit committee to use in selecting the external auditor.

B.The CAE, chief financial officer, and controller review the bids, interview two firms, and recommend one of the two firms to the audit committee for its approval.

C.The CAE declines to participate in the process because providing this assistance would result in compromising the internal audit activity's objectivity.

D.The CAE and two managers from the audit staff review the bids and select one firm to meet with the audit committee for the committee's approval.

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Question 321

Question 322

Question 323

Question 324

Question 325

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