IIA Internal Audit Engagement - IIA-CIA-Part2 Exam Practice Test

Which of the following is not an outcome of control self-assessment?

According to HA guidance, which of the following statements regarding audit workpapers is true?

If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?

According to IIA guidance, which of the following statements are true regarding the internal audit plan?
1. The audit plan is based on an assessment of risks to the organization.
2. The audit plan is designed to determine the effectiveness of the organization ' s risk management process.
3. The audit plan is developed by senior management of the organization.
4. The audit plan is aligned with the organization ' s goals.

Which of the following is true of matrix organizations?

Upon completing a follow-up audit engagement, the chief audit executive (CAE) noted that management has not implemented any mitigation measures to address the high risks that were reported in the initial audit report. What initial step must the CAE take to address this situation?

While reviewing the organization's financial year-end processes, an internal auditor discovered an erroneous journal entry. If the error is not addressed, it will result in a material misstatement of the financial records.
The internal auditor needs an additional four weeks to complete the audit engagement. How should the auditor communicate this finding?

The objective of an upcoming engagement is to review the wind park projects and assess compliance with established project management principles. Which of the following is most likely to be the aim of the engagement work program?

What information would be most useful to an internal auditor who is attempting to identify specific processes to include in the scope of an assurance engagement?

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?
1.Consult on CSR program design and implementation
2.Serve as an advisor on CSR governance and risk management.
3.Review third parties for contractual compliance with CSR terms
4Identify and mitigate risks to help meet the CSR program objectives

Which of the following factors would be the most critical in determining which engagements should be included in the annual internal audit plan?