IIA IIA-CHAL-QISA - Qualified Info Systems Auditor CIA Challenge Exam
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Total 150 questions
Question #6 (Topic: Exam A)
According to IIA guidance, which of the following factors should an internal auditor consider when assessing the likelihood of fraud risk?
A. The effect on the organization’s reputation.
B. Any potential damage to the organization’s relationship with customers.
C. Past fraud allegations and actual occurrences.
D. The potential and realized financial impacts.
Answer: C
Question #7 (Topic: Exam A)
An internal auditor concluded that the sales manager falsified sales records because manipulating the records enabled him to receive a larger sales bonus. Which of the following management action plans would be the most reasonable and effective to address the root cause of the audit observation?
A. Terminate the sales manager.
B. Strengthen the access controls to the sales records.
C. Cancel sales bonuses.
D. Monitor customers’ consumption habits.
Answer: B
Question #8 (Topic: Exam A)
Which of the following actions is the internal audit activity best positioned within the organization to perform?
A. Determine organizational risk tolerances.
B. Monitor the organization’s risk mitigations.
C. Determine the likelihood and impact of risks.
D. Advise the board on risk management issues.
Answer: B
Question #9 (Topic: Exam A)
An organization has a mature control environment but limited internal audit resources. Given this scenario, on which of the following should the internal auditors focus their testing?
A. Detective compensating controls.
B. Preventive compensating controls.
C. Detective key controls.
D. Preventive key controls.
Answer: D
Question #10 (Topic: Exam A)
According to IIA guidance, which of the following is a required aspect of an internal audit charter?
A. Management approval.
B. Independent review.
C. Reporting relationships.
D. Quarterly assessment.
Answer: C
