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IIA Internal Audit Practitioner Sample Questions:
1. To be organizationally independent, the chief audit executive should administratively report to which of the following?
A) The board of directors.
B) The chief executive officer.
C) The audit committee.
2. Which of the following describes how the internal audit activity can add the greatest value by assisting management with internal controls?
A) Internal auditors should monitor how internal controls are functioning.
B) Internal auditors should evaluate the effectiveness and efficiency of internal controls.
C) Internal auditors should assist in designing strong controls.
3. During engagement planning, which of the following would provide an internal auditor with a sufficient understanding of the process being audited?
A) The mission, vision, and strategic objectives of the organization.
B) The objectives and risk management of the process.
C) Management's opinion on the thoroughness of a previous internal audit of the same process.
4. The internal audit activity has been tasked with evaluating the effectiveness of the organization's risk management processes. Which of the following activities are appropriate and relevant to consider in the overall evaluation?
A) An external audit of the organization's corporate social responsibility and sustainability management, including communication of findings to management and the board
B) Evaluation of risk management effectiveness obtained during multiple audit engagements over the past year
C) The chief audit executive's observations of the organization's finance committee
5. During an assurance engagement of an organization's procurement process, an internal auditor obtained the policy that specified the authorized dollar limits for invoices. This document would best support which of the following attributes of an audit report?
A) Criteria
B) Effect
C) Condition
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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