Question 1

According to IIA guidance, which of the following best describes internal auditors' responsibility regarding fraud?

Accepted Answer

Correct answer: B

Question 2

Which two of the following are preventive controls in a check disbursement process?
* 1. Daily reconciliation of the bank account used for check disbursements and prompt follow-up of un-reconciled items.
* 2. Segregation of the following duties: establishing new vendors, approving checks, and reconciling the bank account.
* 3. An activity report detailing who accesses the check disbursement system and the nature of any action taken in the system.
* 4. Evidence of strong access controls ensuring that authorized individuals have access only to the functions related to their responsibilities.

Accepted Answer

Correct answer: D

Question 3

With regard To IT governance, which of the following is the most effective and appropriate role for the internal audit activity?

Accepted Answer

Correct answer: D

Question 4

Which of the following techniques would provide the most compelling evidence that a safety hazard exists within a manufacturing facility?

Accepted Answer

Correct answer: A

Question 5

Which of the following control activities is the most effective to ensure users' levels of access are appropriate for their current roles?

Accepted Answer

Correct answer: D

Question 6

Which of the following behaviors could represent a significant ethical risk if exhibited by an organization's board?

Accepted Answer

Correct answer: B

Question 7

Which of the following activities should the chief audit executive perform to ensure compliance with an organization's code of conduct?

Accepted Answer

Correct answer: A

Question 8

During an audit, the client questions the internal audit activity's authority to perform procedures over fraud allegations. According to HA guidance, which of the
following would provide the most relevant support to respond to the client's concerns?

Accepted Answer

Correct answer: C

Question 9

Which of the following is the best way to detect fraud?

Accepted Answer

Correct answer: D

Question 10

Which of the following is an example of a directive control?

Accepted Answer

Correct answer: C