IIA IIA-CHAL-QISA - Qualified Info Systems Auditor CIA Challenge Exam
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Total 150 questions
Question #11 (Topic: Exam A)
Regarding assurance and consulting services provided by the internal audit activity, which of the following statements is correct?
A. The nature and scope of a consulting engagement and determined by the internal audit activity, based on its risk assessment.
B. The nature and scope of an assurance engagement are subject to agreement with management of the area under review.
C. Both assurance services and consulting services can be focused on controls or performance or both.
D. The assurance engagement process ends with reporting.
Answer: C
Question #12 (Topic: Exam A)
A chief audit executive (CAE) following up on action plans from previously completed audits identifies that management has determined that certain action plans are no longer necessary. If the CAE disagrees with management’s decision, which of the following is the most appropriate next step for the CAE to take?
A. The CAE must discuss the matter with senior management.
B. The CAE must discuss the matter with key shareholders.
C. The CAE must discuss the matter with legal counsel.
D. The CAE must discuss the matter with the board.
Answer: D
Question #13 (Topic: Exam A)
Which of the following is an example of risk monitoring to ensure a system is performing as intended?
A. Checking the progress of risk treatment plans.
B. Considering the consequence and likelihood of risks.
C. Documenting the risks and their areas of impact.
D. Communicating to management about risks.
Answer: A
Question #14 (Topic: Exam A)
Due to the increased operational responsibility of the CEO, the chief audit executive (CAE) of an organization currently reports to the chief financial officer (CFO). What is the likely impact of such a situation?
A. There may be limitation in the scope of engagements that can be undertaken.
B. The CFO could provide expert advice when auditing areas under his purview.
C. The internal audit activity is adequately positioned when the CAE reports to a member of executive management.
D. The expertise of finance staff can be called upon during an audit of finance-related areas.
Answer: A
Question #15 (Topic: Exam A)
An internal auditor was assigned to work in the procurement department for six months to gain in-depth knowledge about the procurement process. Which of the following personnel development practices was applied in this situation?
A. Cosourcing.
B. Inbound rotation.
C. Guest auditor.
D. Outbound rotation.
Answer: B
