Free Access IIA.IIA-CIA-Part2.v2022-07-26.q511 Practice Test (Page 79)

Question 386

Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

A.Operating managers are responsible for assessing risks and controls in their departments.

B.Senior management is charged with overseeing the establishment risk management and control processes.

C.Internal auditors provide assurance about risk management and control process effectiveness.

D.The chief audit executive is responsible for overseeing the evaluation risk management and control processes.

Question 387

What type of analysis is performed when an auditor tests for unusual variations in information by comparing the number of employees working at a factory site with the direct cost of production each month over a period of one year?

A.Ratio analysis.

B.Regression analysis.

C.Horizontal analysis.

D.Trend analysis.

Question 388

During a consulting engagement, an internal auditor identifies new risks which will impact the scope and sufficiency of the engagement audit plan. According to the Standards, the internal auditor should:

A.Modify the scope to incorporate the new risks and continue the engagement.

B.Discuss the potential impact on the scope with the client.

C.Continue the engagement but highlight the impacts on the audit scope in the final report.

D.End the engagement, as the audit scope is no longer sufficient to meet the audit objective.

Question 389

According to IIA guidance, which of the following are benefits to the internal audit activity when conducting an assurance mapping exercise?

A.Identification of gaps in risk coverage, and minimization of duplicate assurance efforts.

B.Resolution of identified testing errors, and minimization of duplicate assurance efforts.

C.Identification of gaps in risk coverage, and consolidation of risk reporting efforts.

D.Resolution of identified testing errors, and consolidation of risk reporting efforts.

Question 390

According to IIA guidance, which of the following are benefits to the internal audit activity when conducting an assurance mapping exercise?

A.Resolution of identified testing errors, and miminization of duplicate assurance efforts.

B.Resolution of identified testing errors, and consolidation of risk reporting efforts.

C.Identification of gaps in risk coverage, and minimization of duplicate assurance efforts.

D.Identification of gaps in risk coverage, and consolidation of risk reporting efforts.

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Question 386

Question 387

Question 388

Question 389

Question 390

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