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IIA Essentials of Internal Auditing Sample Questions (Q411-Q416):

NEW QUESTION # 411
What is the primary reason for establishing a continuing professional development program within an organization's internal audit activity?

Answer: C


NEW QUESTION # 412
An external assessment of an organization's internal audit activity was last completed four years ago Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

Answer: D


NEW QUESTION # 413
Prior to commencing a financial compliance engagement, the engagement supervisor reads the business plan for the finance department and meets informally with the director to learn more about any key issues. Which of the following competencies is the engagement supervisor demonstrating?

Answer: D


NEW QUESTION # 414
As a result of a high-profile processing error, respective business unit managers are implementing new controls. The internal audit team was asked for their advice regarding the controls. The objective of this consulting engagement would be determined by which of the following?

Answer: C


NEW QUESTION # 415
Which of the following scenarios violates The IIA's standard regarding internal audit independence?

Answer: C

Explanation:
This scenario violates The IIA's standards regarding internal audit independence because the chief risk officer's involvement in validating and dictating which audit findings are included in the audit committee reports undermines the independence of the internal audit activity. Independence is compromised when audit findings are subject to alteration or selection by another party within the organization, particularly one involved in managing risks that the audit may be assessing.
The IIA's International Standards for the Professional Practice of Internal Auditing, specifically standards related to independence.


NEW QUESTION # 416
......

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