Free Access IIA.IIA-CIA-Part2.v2022-07-26.q511 Practice Test (Page 51)

Question 246

Which of the following types of contracts would provide the least incentive for a contractor to achieve economy and efficiency?

A.Lump-sum contract.

B.Indefinite delivery contract.

C.Unit-price contract.

D.Cost-plus contract.

Question 247

A code of business conduct provides:

A.A passive method of fraud deterrence.

B.A fraud avoidance plan that does not explicitly describe punishments for violations.

C.A program to anonymously report irregularities to authorities.

D.An alternative to "tone at the top" programs.

Question 248

During an audit, an employee, who does not want to be identified, offers to provide information that would be damaging to the organization and may concern illegal activities. Which of the following actions by the auditor would not be consistent with the IIA Code of Ethics and Standards?

A.Promising to maintain the employee's anonymity and listening to the information.

B.Suggesting that the employee consider talking to legal counsel.

C.Informing the employee that an attempt will be made to keep the source of the information confidential while looking into the matter further.

D.Informing the employee of other methods of communicating this type of information.

Question 249

Which of the following is true regarding roles and responsibilities in risk management processes?

A.Setting strategic direction resides with senior management.

B.Ownership of risks resides with the board.

C.Acceptance of residual risk resides with executive management level.

D.Identifying, assessing, mitigating and monitoring activities on a continuous basis rests with the internal audit activity.

Question 250

While developing a risk based audit plan, which of the following sources of information would provide the least value to the chief audit executive?

A.Results from the organization's business process management program.

B.User acceptance testing of the organization's enterprise resource planning application.

C.Risk assessments conducted by the board.

D.Key business strategies adopted by the organization in the strategic plan.

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Question 246

Question 247

Question 248

Question 249

Question 250

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