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IIA-CIA-Part1 Dumps - 100% Success Guaranteed

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IIA-CIA-Part1 Dumps - 100% Success Guaranteed

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  4. Question No. 1 Which of the following situations would best indicate to the chief audit executive that one of the audit team members is struggling with application of due professional care? A. The engagement supervisor requests that an auditor carry out improvements to workpapers to address numerous problems: evidence is missing, references are incorrect, and conclusions are superfluous B. Audit work was completed m accordance with the established goals; however, a material misstatement was later uncovered in the audited area by another assurance provider. C. According to the audit report, several control failures occurred due to irresponsible behavior of local management, who was consequently deprived of bonuses and wrote a negative feedback to the auditor D. The delivery of audit results was several weeks late because the internal auditor had to spend additional time trying to understand the nature of certain transactions with derivation. Answer: B Question No. 2 An audit client who was unsatisfied with the audit report rating called the chief audit executive (CAE) and complained that the internal auditor who performed the audit was biased because his spouse, who worked in the area under review, was on a list of employees to be terminated. Which of the following measures would be most appropriate to prevent this situation from arising? A. Initiating an internal investigation to clarify whether a biased judgment took place. B. Requiring the internal auditors to disclose any potential conflicts of interest. C. Requiring that the audit client disclose any potential conflicts of interest with the auditor. D. Requiring human resources manager to submit all future job applicants' data in order to identify relatives of auditors. Answer: B Question No. 3 A chief audit executive added more money to the IT training budget to ensure the organization's internal auditors were able to perform data analytics while performing an audit. Which core competency is being addressed? A. Data analytics B. IT fraud detection. C. Continuing professional development D. Due professional care. Answer: D Question No. 4 Which action by senior management indicates to the internal auditor that there may be fraudulent activities occurring within the organization? A. Setting unrealistic targets for staff to achieve B. Granting external audit firms access to staff and records. C. Automating some processes and allowing others to be performed manually

  5. D. Enforcing a zero-tolerance policy for misconduct Answer: A Question No. 5 After the draft engagement report is issued, the manager of the area that was reviewed is informally interviewed by the engagement supervisor regarding the audit experience. Which of the following is most likely the purpose for this interview? A. Such an interview is performed when there is a need to dismiss an internal auditor B. Feedback from the manager will contribute to the audit team's professional development C. The manager's opinion will be used to form the final audit assessment and report rating. D. The manager will provide insights into the audited industry's trends Answer: B

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