{"id":102712,"date":"2025-05-28T07:16:01","date_gmt":"2025-05-28T07:16:01","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=102712"},"modified":"2025-07-01T08:32:25","modified_gmt":"2025-07-01T08:32:25","slug":"iia-cia-part2-dumps-v17-03-are-the-current-version-with-492-practice-qas-you-can-check-iia-cia-part2-free-dumps-part-1-q1-q40-online","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/iia-cia-part2-dumps-v17-03-are-the-current-version-with-492-practice-qas-you-can-check-iia-cia-part2-free-dumps-part-1-q1-q40-online.html","title":{"rendered":"IIA-CIA-Part2 Dumps (V17.03) Are the Current Version with 492 Practice Q&#038;As &#8211; You Can Check IIA-CIA-Part2 Free Dumps (Part 1, Q1-Q40) Online"},"content":{"rendered":"<p>When coming to DumpsBase and downloading the study materials to prepare for the CIA Exam Part Two: Practice of Internal Auditing (IIA-CIA-Part2) exam, you must check that the current version is IIA-CIA-Part2 dumps (V17.03) with 492 practice exam questions and answers. You can practice all these questions and answers in a PDF format, which can be downloaded on your desktop, laptop, Mac, tablet, and smartphone. Also, we have a free software for you, testing the real IIA-CIA-Part2 exam environment. And we promise that when you purchase DumpsBase\u2019s IIA-CIA-Part2 dumps, you will always get the latest materials with our one-year free updates. You can also access the free dumps to have a look at the current dumps. This way, you can evaluate the quality of the IIA-CIA-Part2 exam questions and make an informed decision.<\/p>\n<h2>Start reading our <em><span style=\"background-color: #00ff00;\">IIA-CIA-Part2 free dumps (Part 1, Q1-Q40) below<\/span><\/em>:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam10132\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-10132\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10132\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-402384'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests. <br \/>\r<br>Based on the auditor's actions which of the following is most likely the objective of this engagement1?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='402384' \/><input type='hidden' id='answerType402384' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402384[]' id='answer-id-1561795' class='answer   answerof-402384 ' value='1561795'   \/><label for='answer-id-1561795' id='answer-label-1561795' class=' answer'><span>To identify whether fuel was purchased for work-related purposes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402384[]' id='answer-id-1561796' class='answer   answerof-402384 ' value='1561796'   \/><label for='answer-id-1561796' id='answer-label-1561796' class=' answer'><span>To estimate future fuel costs for the organization's fleet of vehicles<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402384[]' id='answer-id-1561797' class='answer   answerof-402384 ' value='1561797'   \/><label for='answer-id-1561797' id='answer-label-1561797' class=' answer'><span>To determine trends in average fuel consumption by vehicle<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402384[]' id='answer-id-1561798' class='answer   answerof-402384 ' value='1561798'   \/><label for='answer-id-1561798' id='answer-label-1561798' class=' answer'><span>To determine whether the organization is paying more than the industry average for fuel<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-402385'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>An internal auditor tested whether purchase orders were supported by appropriately approved purchase requisitions She sampled a population of purchase documents and identified instances where purchase requisitions were missing However, she did not notice that n some cases purchase requisitions were approved by an unauthorized person. <br \/>\r<br>Which of the following risks most appropriately describes this situation?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='402385' \/><input type='hidden' id='answerType402385' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402385[]' id='answer-id-1561799' class='answer   answerof-402385 ' value='1561799'   \/><label for='answer-id-1561799' id='answer-label-1561799' class=' answer'><span>Nonsampling risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402385[]' id='answer-id-1561800' class='answer   answerof-402385 ' value='1561800'   \/><label for='answer-id-1561800' id='answer-label-1561800' class=' answer'><span>Sampling risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402385[]' id='answer-id-1561801' class='answer   answerof-402385 ' value='1561801'   \/><label for='answer-id-1561801' id='answer-label-1561801' class=' answer'><span>Inherent risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402385[]' id='answer-id-1561802' class='answer   answerof-402385 ' value='1561802'   \/><label for='answer-id-1561802' id='answer-label-1561802' class=' answer'><span>Due diligence risk<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-402386'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>An internal auditor submitted a report containing recommendations for management to enhance internal controls related to investments. <br \/>\r<br>To follow up, which of the following is the most appropriate action for the internal auditor to take?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='402386' \/><input type='hidden' id='answerType402386' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402386[]' id='answer-id-1561803' class='answer   answerof-402386 ' value='1561803'   \/><label for='answer-id-1561803' id='answer-label-1561803' class=' answer'><span>Observe corrective measures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402386[]' id='answer-id-1561804' class='answer   answerof-402386 ' value='1561804'   \/><label for='answer-id-1561804' id='answer-label-1561804' class=' answer'><span>Seek a management assurance declaration.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402386[]' id='answer-id-1561805' class='answer   answerof-402386 ' value='1561805'   \/><label for='answer-id-1561805' id='answer-label-1561805' class=' answer'><span>Follow up during the next scheduled audit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402386[]' id='answer-id-1561806' class='answer   answerof-402386 ' value='1561806'   \/><label for='answer-id-1561806' id='answer-label-1561806' class=' answer'><span>Conduct appropriate testing to verify management responses.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-402387'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>A chief audit executive (CAE) reviews the supervision of an internal audit engagement. <br \/>\r<br>Which of the following would most likely assure the CAE that the engagement had adequate supervision?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='402387' \/><input type='hidden' id='answerType402387' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402387[]' id='answer-id-1561807' class='answer   answerof-402387 ' value='1561807'   \/><label for='answer-id-1561807' id='answer-label-1561807' class=' answer'><span>The engagement supervisor has an open door pokey for audit team members to discuss concerns<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402387[]' id='answer-id-1561808' class='answer   answerof-402387 ' value='1561808'   \/><label for='answer-id-1561808' id='answer-label-1561808' class=' answer'><span>The supervisor reviews weekly progress reports from the audit team members<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402387[]' id='answer-id-1561809' class='answer   answerof-402387 ' value='1561809'   \/><label for='answer-id-1561809' id='answer-label-1561809' class=' answer'><span>The supervisor reviews and initials internal audit workpapers for the engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402387[]' id='answer-id-1561810' class='answer   answerof-402387 ' value='1561810'   \/><label for='answer-id-1561810' id='answer-label-1561810' class=' answer'><span>The supervisor meets periodically with management in the reviewed area to get feedback during the engagement.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-402388'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A corporate merger decision prompts the cruel audit executive (CAE) to propose interim changes lo the existing annual audit plan to account for emerging risks. <br \/>\r<br>When of the following is the most appropriate action for the CAE to take regarding the changes made to the audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='402388' \/><input type='hidden' id='answerType402388' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402388[]' id='answer-id-1561811' class='answer   answerof-402388 ' value='1561811'   \/><label for='answer-id-1561811' id='answer-label-1561811' class=' answer'><span>Present the revised audit plan directly to the board for approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402388[]' id='answer-id-1561812' class='answer   answerof-402388 ' value='1561812'   \/><label for='answer-id-1561812' id='answer-label-1561812' class=' answer'><span>Communicate with the chief financial officer and present the revised audit plan to the CEO for approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402388[]' id='answer-id-1561813' class='answer   answerof-402388 ' value='1561813'   \/><label for='answer-id-1561813' id='answer-label-1561813' class=' answer'><span>Present the revised audit plan directly to the CEO for approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402388[]' id='answer-id-1561814' class='answer   answerof-402388 ' value='1561814'   \/><label for='answer-id-1561814' id='answer-label-1561814' class=' answer'><span>Communicate with the CCO and present the revised audit plan to the board for approval<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-402389'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following statements regarding the risk management process' support of the internal audit activity is true?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='402389' \/><input type='hidden' id='answerType402389' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402389[]' id='answer-id-1561815' class='answer   answerof-402389 ' value='1561815'   \/><label for='answer-id-1561815' id='answer-label-1561815' class=' answer'><span>The risk management process can provide more extensive internal audit services to the organization if it does not have an internal audit department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402389[]' id='answer-id-1561816' class='answer   answerof-402389 ' value='1561816'   \/><label for='answer-id-1561816' id='answer-label-1561816' class=' answer'><span>The risk management process supports internal audit by evaluating whether critical controls are adequate and effective.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402389[]' id='answer-id-1561817' class='answer   answerof-402389 ' value='1561817'   \/><label for='answer-id-1561817' id='answer-label-1561817' class=' answer'><span>The risk management process can determine whether all significant risks have been identified and are being treated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402389[]' id='answer-id-1561818' class='answer   answerof-402389 ' value='1561818'   \/><label for='answer-id-1561818' id='answer-label-1561818' class=' answer'><span>The risk management process establishes an organization-specific documented risk management framework.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-402390'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Which of the following internal control attributes should internal auditors consider testing during a review of the board of directors?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='402390' \/><input type='hidden' id='answerType402390' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402390[]' id='answer-id-1561819' class='answer   answerof-402390 ' value='1561819'   \/><label for='answer-id-1561819' id='answer-label-1561819' class=' answer'><span>The presence of an independent critical mass<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402390[]' id='answer-id-1561820' class='answer   answerof-402390 ' value='1561820'   \/><label for='answer-id-1561820' id='answer-label-1561820' class=' answer'><span>The established philosophy and operating style of senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402390[]' id='answer-id-1561821' class='answer   answerof-402390 ' value='1561821'   \/><label for='answer-id-1561821' id='answer-label-1561821' class=' answer'><span>The articulated internal control objectives of the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402390[]' id='answer-id-1561822' class='answer   answerof-402390 ' value='1561822'   \/><label for='answer-id-1561822' id='answer-label-1561822' class=' answer'><span>The organization's employee recruiting and retention policies<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-402391'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive? <br \/>\r<br>&#8226; During an audit of the hiring process in a law firm, it was discovered that potential employees' credentials were not always confirmed sufficiently. This process remained unchanged at the following audit. <br \/>\r<br>&#8226; During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit. <br \/>\r<br>&#8226; During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased. <br \/>\r<br>&#8226; During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting area. It was corrected immediately.<\/div><input type='hidden' name='question_id[]' id='qID_8' value='402391' \/><input type='hidden' id='answerType402391' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402391[]' id='answer-id-1561823' class='answer   answerof-402391 ' value='1561823'   \/><label for='answer-id-1561823' id='answer-label-1561823' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402391[]' id='answer-id-1561824' class='answer   answerof-402391 ' value='1561824'   \/><label for='answer-id-1561824' id='answer-label-1561824' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402391[]' id='answer-id-1561825' class='answer   answerof-402391 ' value='1561825'   \/><label for='answer-id-1561825' id='answer-label-1561825' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402391[]' id='answer-id-1561826' class='answer   answerof-402391 ' value='1561826'   \/><label for='answer-id-1561826' id='answer-label-1561826' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-402392'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='402392' \/><input type='hidden' id='answerType402392' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402392[]' id='answer-id-1561827' class='answer   answerof-402392 ' value='1561827'   \/><label for='answer-id-1561827' id='answer-label-1561827' class=' answer'><span>The member and the internal auditor should opt for informal meetings even if it means that no formal documentation will be created.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402392[]' id='answer-id-1561828' class='answer   answerof-402392 ' value='1561828'   \/><label for='answer-id-1561828' id='answer-label-1561828' class=' answer'><span>The mentor relationship is usually not suitable for internal audit staff, as it does not leas to professional development.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402392[]' id='answer-id-1561829' class='answer   answerof-402392 ' value='1561829'   \/><label for='answer-id-1561829' id='answer-label-1561829' class=' answer'><span>The value of mentoring is derived primarily from the personal relationship between the two parties involved, and the mentor\u2019s level of relevant experience should not be a key factor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402392[]' id='answer-id-1561830' class='answer   answerof-402392 ' value='1561830'   \/><label for='answer-id-1561830' id='answer-label-1561830' class=' answer'><span>The mentor should be the internal auditor\u2019s supervisor to ensure that the auditor performance is assessed in a relevant and meaningful context.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-402393'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>According to an internal audit observation, the organization\u2019s rules of record management require all contracts to be registered and stored in a specific electronic system. One subsidiary has thousands of client contracts on paper, which are kept in the office because there are not enough assistants to scan the contracts into the system. <br \/>\r<br>Which of the following component should be added to this observation?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='402393' \/><input type='hidden' id='answerType402393' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402393[]' id='answer-id-1561831' class='answer   answerof-402393 ' value='1561831'   \/><label for='answer-id-1561831' id='answer-label-1561831' class=' answer'><span>Criteria<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402393[]' id='answer-id-1561832' class='answer   answerof-402393 ' value='1561832'   \/><label for='answer-id-1561832' id='answer-label-1561832' class=' answer'><span>Cause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402393[]' id='answer-id-1561833' class='answer   answerof-402393 ' value='1561833'   \/><label for='answer-id-1561833' id='answer-label-1561833' class=' answer'><span>Effect<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402393[]' id='answer-id-1561834' class='answer   answerof-402393 ' value='1561834'   \/><label for='answer-id-1561834' id='answer-label-1561834' class=' answer'><span>Condition<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-402394'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements? <br \/>\r<br>1. Consider employees from other operational areas as audit resources, to provide additional audit coverage in the organization. <br \/>\r<br>2. Approach an external service provider to conduct internal audits on certain areas of the organization, due to a lack of skills in the organization. <br \/>\r<br>3. Suggest to the audit committee that an audit of technology be deferred until staff can be trained, due to limited IT audit skills among the audit staff. <br \/>\r<br>4. Communicate to senior management a summary report on the status and adequacy of audit resources.<\/div><input type='hidden' name='question_id[]' id='qID_11' value='402394' \/><input type='hidden' id='answerType402394' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402394[]' id='answer-id-1561835' class='answer   answerof-402394 ' value='1561835'   \/><label for='answer-id-1561835' id='answer-label-1561835' class=' answer'><span>1 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402394[]' id='answer-id-1561836' class='answer   answerof-402394 ' value='1561836'   \/><label for='answer-id-1561836' id='answer-label-1561836' class=' answer'><span>2 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402394[]' id='answer-id-1561837' class='answer   answerof-402394 ' value='1561837'   \/><label for='answer-id-1561837' id='answer-label-1561837' class=' answer'><span>1, 2, and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402394[]' id='answer-id-1561838' class='answer   answerof-402394 ' value='1561838'   \/><label for='answer-id-1561838' id='answer-label-1561838' class=' answer'><span>2, 3, and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-402395'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>An organization buys crude oil on the open market and refines it into a high-quality gasoline. The price of crude oil is extremely volatile. <br \/>\r<br>Which of the following is the most appropriate risk management technique to protect the organization against these price fluctuations?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='402395' \/><input type='hidden' id='answerType402395' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402395[]' id='answer-id-1561839' class='answer   answerof-402395 ' value='1561839'   \/><label for='answer-id-1561839' id='answer-label-1561839' class=' answer'><span>Enter into long-term gasoline purchase agreements with end customers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402395[]' id='answer-id-1561840' class='answer   answerof-402395 ' value='1561840'   \/><label for='answer-id-1561840' id='answer-label-1561840' class=' answer'><span>Trade crude oil derivatives at financial markets in order to benefit from price fluctuations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402395[]' id='answer-id-1561841' class='answer   answerof-402395 ' value='1561841'   \/><label for='answer-id-1561841' id='answer-label-1561841' class=' answer'><span>Purchase crude oil-related derivatives such as futures or options<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402395[]' id='answer-id-1561842' class='answer   answerof-402395 ' value='1561842'   \/><label for='answer-id-1561842' id='answer-label-1561842' class=' answer'><span>Stock as much raw materials as possible and consider Investing into additional facilities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-402396'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which of the following is the primary reason the chief audit executive should consider the organization's strategic plans when developing the annual audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='402396' \/><input type='hidden' id='answerType402396' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402396[]' id='answer-id-1561843' class='answer   answerof-402396 ' value='1561843'   \/><label for='answer-id-1561843' id='answer-label-1561843' class=' answer'><span>Strategic plans reflect the organization's business objectives and overall attitude toward risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402396[]' id='answer-id-1561844' class='answer   answerof-402396 ' value='1561844'   \/><label for='answer-id-1561844' id='answer-label-1561844' class=' answer'><span>Strategic plans are helpful to identify major areas of activity, which may direct the allocation of internal audit activity resources.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402396[]' id='answer-id-1561845' class='answer   answerof-402396 ' value='1561845'   \/><label for='answer-id-1561845' id='answer-label-1561845' class=' answer'><span>Strategic plans are likely to show areas of weak financial controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402396[]' id='answer-id-1561846' class='answer   answerof-402396 ' value='1561846'   \/><label for='answer-id-1561846' id='answer-label-1561846' class=' answer'><span>The strategic plan is a relatively stable document on which to base audit planning.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-402397'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>An internal auditor wants to compare performance information from one quarter to another. <br \/>\r<br>Which analytics procedure would the auditor use?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='402397' \/><input type='hidden' id='answerType402397' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402397[]' id='answer-id-1561847' class='answer   answerof-402397 ' value='1561847'   \/><label for='answer-id-1561847' id='answer-label-1561847' class=' answer'><span>Ratio analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402397[]' id='answer-id-1561848' class='answer   answerof-402397 ' value='1561848'   \/><label for='answer-id-1561848' id='answer-label-1561848' class=' answer'><span>Trend analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402397[]' id='answer-id-1561849' class='answer   answerof-402397 ' value='1561849'   \/><label for='answer-id-1561849' id='answer-label-1561849' class=' answer'><span>Vertical analysis<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402397[]' id='answer-id-1561850' class='answer   answerof-402397 ' value='1561850'   \/><label for='answer-id-1561850' id='answer-label-1561850' class=' answer'><span>Benchmarking analysis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-402398'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>An internal auditor wants to identity potential ghost employees in the organization's payroll system. <br \/>\r<br>The auditor extracts the following data <br \/>\r<br>- Human resources data with employees' names addresses employment conditions and identification codes <br \/>\r<br>- Payroll data <br \/>\r<br>- Logs from entrance systems <br \/>\r<br>With this data, which of the following types of ghost employees will the auditor be able to identify?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='402398' \/><input type='hidden' id='answerType402398' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402398[]' id='answer-id-1561851' class='answer   answerof-402398 ' value='1561851'   \/><label for='answer-id-1561851' id='answer-label-1561851' class=' answer'><span>Employees who are being paid more than then approved wages<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402398[]' id='answer-id-1561852' class='answer   answerof-402398 ' value='1561852'   \/><label for='answer-id-1561852' id='answer-label-1561852' class=' answer'><span>Employees who get paid although their employment has expired<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402398[]' id='answer-id-1561853' class='answer   answerof-402398 ' value='1561853'   \/><label for='answer-id-1561853' id='answer-label-1561853' class=' answer'><span>Employees who are related to one of the subcontractors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402398[]' id='answer-id-1561854' class='answer   answerof-402398 ' value='1561854'   \/><label for='answer-id-1561854' id='answer-label-1561854' class=' answer'><span>Employees who are physically present at the workplace but who do not perform the specified job duties<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-402399'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following items, included in the preliminary audit communication would be most useful for management to formulate action plans in response to audit recommendations?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='402399' \/><input type='hidden' id='answerType402399' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402399[]' id='answer-id-1561855' class='answer   answerof-402399 ' value='1561855'   \/><label for='answer-id-1561855' id='answer-label-1561855' class=' answer'><span>A condition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402399[]' id='answer-id-1561856' class='answer   answerof-402399 ' value='1561856'   \/><label for='answer-id-1561856' id='answer-label-1561856' class=' answer'><span>An audit objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402399[]' id='answer-id-1561857' class='answer   answerof-402399 ' value='1561857'   \/><label for='answer-id-1561857' id='answer-label-1561857' class=' answer'><span>An audit scope<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402399[]' id='answer-id-1561858' class='answer   answerof-402399 ' value='1561858'   \/><label for='answer-id-1561858' id='answer-label-1561858' class=' answer'><span>An observation rating<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-402400'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which of the following statements about assurance maps is correct?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='402400' \/><input type='hidden' id='answerType402400' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402400[]' id='answer-id-1561859' class='answer   answerof-402400 ' value='1561859'   \/><label for='answer-id-1561859' id='answer-label-1561859' class=' answer'><span>An assurance map is used by the chief audit executive to coordinate assurance activities with other internal and external assurance providers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402400[]' id='answer-id-1561860' class='answer   answerof-402400 ' value='1561860'   \/><label for='answer-id-1561860' id='answer-label-1561860' class=' answer'><span>An assurance map is a picture of all assurance engagements performed by the internal audit activity across the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402400[]' id='answer-id-1561861' class='answer   answerof-402400 ' value='1561861'   \/><label for='answer-id-1561861' id='answer-label-1561861' class=' answer'><span>An assurance map is used by the engagement supervisor to coordinate the roles of various internal audit team members assigned to assurance engagements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402400[]' id='answer-id-1561862' class='answer   answerof-402400 ' value='1561862'   \/><label for='answer-id-1561862' id='answer-label-1561862' class=' answer'><span>An assurance map lists the procedures and testing activities performed by an internal audit team during an assurance engagement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-402401'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='402401' \/><input type='hidden' id='answerType402401' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402401[]' id='answer-id-1561863' class='answer   answerof-402401 ' value='1561863'   \/><label for='answer-id-1561863' id='answer-label-1561863' class=' answer'><span>The chief audit executive may recommend that management conduct further work to identify the root cause and address the issue<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402401[]' id='answer-id-1561864' class='answer   answerof-402401 ' value='1561864'   \/><label for='answer-id-1561864' id='answer-label-1561864' class=' answer'><span>Internal auditors should finish the engagement without conducting the root cause analysis and draft the audit report, though the report would not be considered complete until the analysis is concluded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402401[]' id='answer-id-1561865' class='answer   answerof-402401 ' value='1561865'   \/><label for='answer-id-1561865' id='answer-label-1561865' class=' answer'><span>internal auditors must adjust their future engagement schedule to ensure that the root cause analysis is always performed before the engagement is concluded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402401[]' id='answer-id-1561866' class='answer   answerof-402401 ' value='1561866'   \/><label for='answer-id-1561866' id='answer-label-1561866' class=' answer'><span>Internal auditors should Instead perform a Pareto rule analysis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-402402'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following manual audit approaches describes testing the validity of a document by following it backward to a previously prepared record?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='402402' \/><input type='hidden' id='answerType402402' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402402[]' id='answer-id-1561867' class='answer   answerof-402402 ' value='1561867'   \/><label for='answer-id-1561867' id='answer-label-1561867' class=' answer'><span>Tracing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402402[]' id='answer-id-1561868' class='answer   answerof-402402 ' value='1561868'   \/><label for='answer-id-1561868' id='answer-label-1561868' class=' answer'><span>Reperformance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402402[]' id='answer-id-1561869' class='answer   answerof-402402 ' value='1561869'   \/><label for='answer-id-1561869' id='answer-label-1561869' class=' answer'><span>Vouching<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402402[]' id='answer-id-1561870' class='answer   answerof-402402 ' value='1561870'   \/><label for='answer-id-1561870' id='answer-label-1561870' class=' answer'><span>Walkthrough<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-402403'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Which of the following best illustrates the primary focus of a risk-based approach to control self-assessment?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='402403' \/><input type='hidden' id='answerType402403' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402403[]' id='answer-id-1561871' class='answer   answerof-402403 ' value='1561871'   \/><label for='answer-id-1561871' id='answer-label-1561871' class=' answer'><span>To evaluate controls regarding the computer security of an oil refinery.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402403[]' id='answer-id-1561872' class='answer   answerof-402403 ' value='1561872'   \/><label for='answer-id-1561872' id='answer-label-1561872' class=' answer'><span>To examine the processes involved in exploring, developing, and operating a gold mine.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402403[]' id='answer-id-1561873' class='answer   answerof-402403 ' value='1561873'   \/><label for='answer-id-1561873' id='answer-label-1561873' class=' answer'><span>To assess the likelihood and impact of events associated with operating a finished goods warehouse.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402403[]' id='answer-id-1561874' class='answer   answerof-402403 ' value='1561874'   \/><label for='answer-id-1561874' id='answer-label-1561874' class=' answer'><span>To link a financial institution's business objectives to a work unit responsible for the associated risk.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-402404'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='402404' \/><input type='hidden' id='answerType402404' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402404[]' id='answer-id-1561875' class='answer   answerof-402404 ' value='1561875'   \/><label for='answer-id-1561875' id='answer-label-1561875' class=' answer'><span>Acts that may endanger the health or safety of individuals.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402404[]' id='answer-id-1561876' class='answer   answerof-402404 ' value='1561876'   \/><label for='answer-id-1561876' id='answer-label-1561876' class=' answer'><span>Acts that favor one party to the detriment of another.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402404[]' id='answer-id-1561877' class='answer   answerof-402404 ' value='1561877'   \/><label for='answer-id-1561877' id='answer-label-1561877' class=' answer'><span>Acts that damage or have an adverse effect on the environment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402404[]' id='answer-id-1561878' class='answer   answerof-402404 ' value='1561878'   \/><label for='answer-id-1561878' id='answer-label-1561878' class=' answer'><span>Acts that conceal inappropriate activities in the organization.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-402405'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which of the following should management action plans include at a minimum?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='402405' \/><input type='hidden' id='answerType402405' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402405[]' id='answer-id-1561879' class='answer   answerof-402405 ' value='1561879'   \/><label for='answer-id-1561879' id='answer-label-1561879' class=' answer'><span>An implementer for the action plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402405[]' id='answer-id-1561880' class='answer   answerof-402405 ' value='1561880'   \/><label for='answer-id-1561880' id='answer-label-1561880' class=' answer'><span>An owner of the action plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402405[]' id='answer-id-1561881' class='answer   answerof-402405 ' value='1561881'   \/><label for='answer-id-1561881' id='answer-label-1561881' class=' answer'><span>The internal auditor's next review date of the action plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402405[]' id='answer-id-1561882' class='answer   answerof-402405 ' value='1561882'   \/><label for='answer-id-1561882' id='answer-label-1561882' class=' answer'><span>Detailed procedures for the action plan<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-402406'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>During a fraud interview, it was discovered that unquestioned authority enabled a vice president to steal funds from the organization. <br \/>\r<br>Which of the following best describes this condition?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='402406' \/><input type='hidden' id='answerType402406' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402406[]' id='answer-id-1561883' class='answer   answerof-402406 ' value='1561883'   \/><label for='answer-id-1561883' id='answer-label-1561883' class=' answer'><span>Scheme.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402406[]' id='answer-id-1561884' class='answer   answerof-402406 ' value='1561884'   \/><label for='answer-id-1561884' id='answer-label-1561884' class=' answer'><span>Opportunity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402406[]' id='answer-id-1561885' class='answer   answerof-402406 ' value='1561885'   \/><label for='answer-id-1561885' id='answer-label-1561885' class=' answer'><span>Rationalization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402406[]' id='answer-id-1561886' class='answer   answerof-402406 ' value='1561886'   \/><label for='answer-id-1561886' id='answer-label-1561886' class=' answer'><span>Pressure.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-402407'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>What is the primary objective of an engagement supervisor's review of key activities performed during the engagement?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='402407' \/><input type='hidden' id='answerType402407' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402407[]' id='answer-id-1561887' class='answer   answerof-402407 ' value='1561887'   \/><label for='answer-id-1561887' id='answer-label-1561887' class=' answer'><span>To ensure that the engagement is completed on time and within budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402407[]' id='answer-id-1561888' class='answer   answerof-402407 ' value='1561888'   \/><label for='answer-id-1561888' id='answer-label-1561888' class=' answer'><span>To ensure that all work performed meets acceptable quality standards<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402407[]' id='answer-id-1561889' class='answer   answerof-402407 ' value='1561889'   \/><label for='answer-id-1561889' id='answer-label-1561889' class=' answer'><span>To ensure that management has provided suitable responses to all observations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402407[]' id='answer-id-1561890' class='answer   answerof-402407 ' value='1561890'   \/><label for='answer-id-1561890' id='answer-label-1561890' class=' answer'><span>To ensure that management is satisfied with the progress of the engagement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-402408'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='402408' \/><input type='hidden' id='answerType402408' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402408[]' id='answer-id-1561891' class='answer   answerof-402408 ' value='1561891'   \/><label for='answer-id-1561891' id='answer-label-1561891' class=' answer'><span>Improper segregation of duties.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402408[]' id='answer-id-1561892' class='answer   answerof-402408 ' value='1561892'   \/><label for='answer-id-1561892' id='answer-label-1561892' class=' answer'><span>Incentives and bonus programs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402408[]' id='answer-id-1561893' class='answer   answerof-402408 ' value='1561893'   \/><label for='answer-id-1561893' id='answer-label-1561893' class=' answer'><span>An employee's reported concerns.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402408[]' id='answer-id-1561894' class='answer   answerof-402408 ' value='1561894'   \/><label for='answer-id-1561894' id='answer-label-1561894' class=' answer'><span>Lack of an ethics policy.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-402409'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>What is the best course of action for a chief audit executive if an internal auditor identifies in the early stage of an audit that some employees have inappropriate access to a key system?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='402409' \/><input type='hidden' id='answerType402409' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402409[]' id='answer-id-1561895' class='answer   answerof-402409 ' value='1561895'   \/><label for='answer-id-1561895' id='answer-label-1561895' class=' answer'><span>Contact the audit committee chair to discuss the finding<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402409[]' id='answer-id-1561896' class='answer   answerof-402409 ' value='1561896'   \/><label for='answer-id-1561896' id='answer-label-1561896' class=' answer'><span>Obtain verbal assurance from management that the inappropriate access will be removed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402409[]' id='answer-id-1561897' class='answer   answerof-402409 ' value='1561897'   \/><label for='answer-id-1561897' id='answer-label-1561897' class=' answer'><span>Issue an interim audit report so that management can implement action plans<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402409[]' id='answer-id-1561898' class='answer   answerof-402409 ' value='1561898'   \/><label for='answer-id-1561898' id='answer-label-1561898' class=' answer'><span>Ask the auditor to create a ticket with the IT help desk requesting to revoke the inappropriate access<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-402410'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Which of the following statements generally true regarding audit engagement planning?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='402410' \/><input type='hidden' id='answerType402410' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402410[]' id='answer-id-1561899' class='answer   answerof-402410 ' value='1561899'   \/><label for='answer-id-1561899' id='answer-label-1561899' class=' answer'><span>The best source tor detailed process information is senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402410[]' id='answer-id-1561900' class='answer   answerof-402410 ' value='1561900'   \/><label for='answer-id-1561900' id='answer-label-1561900' class=' answer'><span>Audit objectives should be general and do not change.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402410[]' id='answer-id-1561901' class='answer   answerof-402410 ' value='1561901'   \/><label for='answer-id-1561901' id='answer-label-1561901' class=' answer'><span>Computer-assisted audit techniques are typically not useful during engagement planning<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402410[]' id='answer-id-1561902' class='answer   answerof-402410 ' value='1561902'   \/><label for='answer-id-1561902' id='answer-label-1561902' class=' answer'><span>Internal auditors should prepare a dented audit program for testing controls<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-402411'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader. <br \/>\r<br>How should tie internal auditor respond?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='402411' \/><input type='hidden' id='answerType402411' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402411[]' id='answer-id-1561903' class='answer   answerof-402411 ' value='1561903'   \/><label for='answer-id-1561903' id='answer-label-1561903' class=' answer'><span>Ask the external auditor to review the same transaction again as an independent third party<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402411[]' id='answer-id-1561904' class='answer   answerof-402411 ' value='1561904'   \/><label for='answer-id-1561904' id='answer-label-1561904' class=' answer'><span>Consult account accounting principles, standards, and relevant guidelines in regard to timing of the entry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402411[]' id='answer-id-1561905' class='answer   answerof-402411 ' value='1561905'   \/><label for='answer-id-1561905' id='answer-label-1561905' class=' answer'><span>Interview the chief financial officer and obtain her opinion on how the transactions should be recorded<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402411[]' id='answer-id-1561906' class='answer   answerof-402411 ' value='1561906'   \/><label for='answer-id-1561906' id='answer-label-1561906' class=' answer'><span>Compare the recording of this transaction to now similar ones were executed last year<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-402412'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>A chief audit executive (CAE) is trying to balance the internal audit activity's needs for technical audit skills budget efficiency and staff development opportunities. <br \/>\r<br>Which of the following would best assist the CAE in achieving this balance1?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='402412' \/><input type='hidden' id='answerType402412' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402412[]' id='answer-id-1561907' class='answer   answerof-402412 ' value='1561907'   \/><label for='answer-id-1561907' id='answer-label-1561907' class=' answer'><span>Strategic sourcing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402412[]' id='answer-id-1561908' class='answer   answerof-402412 ' value='1561908'   \/><label for='answer-id-1561908' id='answer-label-1561908' class=' answer'><span>Loan staff arrangement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402412[]' id='answer-id-1561909' class='answer   answerof-402412 ' value='1561909'   \/><label for='answer-id-1561909' id='answer-label-1561909' class=' answer'><span>Flat organizational structure<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402412[]' id='answer-id-1561910' class='answer   answerof-402412 ' value='1561910'   \/><label for='answer-id-1561910' id='answer-label-1561910' class=' answer'><span>Hierarchical organizational structure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-402413'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>According to IIA guidance which of the following statements is true regarding the annual audit plan?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='402413' \/><input type='hidden' id='answerType402413' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402413[]' id='answer-id-1561911' class='answer   answerof-402413 ' value='1561911'   \/><label for='answer-id-1561911' id='answer-label-1561911' class=' answer'><span>The annual audit plan should only be adjusted in response to problems with resourcing, scope, and data availability.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402413[]' id='answer-id-1561912' class='answer   answerof-402413 ' value='1561912'   \/><label for='answer-id-1561912' id='answer-label-1561912' class=' answer'><span>The chief audit executive (CAE) may incorporate risk information, including risk appetite levels from management for the audit plan at her discretion.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402413[]' id='answer-id-1561913' class='answer   answerof-402413 ' value='1561913'   \/><label for='answer-id-1561913' id='answer-label-1561913' class=' answer'><span>In an immature risk management environment it is preferable for the CAE to rely solely on her judgment regarding risk identification and assessment to develop the audit plan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402413[]' id='answer-id-1561914' class='answer   answerof-402413 ' value='1561914'   \/><label for='answer-id-1561914' id='answer-label-1561914' class=' answer'><span>The CAE may make adjustments to the annual audit plan as needed without senior management or board approval.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-402414'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following is an appropriate documentation of proper engagement supervision?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='402414' \/><input type='hidden' id='answerType402414' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402414[]' id='answer-id-1561915' class='answer   answerof-402414 ' value='1561915'   \/><label for='answer-id-1561915' id='answer-label-1561915' class=' answer'><span>A completed engagement workpaper review checklist.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402414[]' id='answer-id-1561916' class='answer   answerof-402414 ' value='1561916'   \/><label for='answer-id-1561916' id='answer-label-1561916' class=' answer'><span>The supervisor's review notes on engagement workpapers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402414[]' id='answer-id-1561917' class='answer   answerof-402414 ' value='1561917'   \/><label for='answer-id-1561917' id='answer-label-1561917' class=' answer'><span>The email exchanges between the audit team and the supervisor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402414[]' id='answer-id-1561918' class='answer   answerof-402414 ' value='1561918'   \/><label for='answer-id-1561918' id='answer-label-1561918' class=' answer'><span>A supervisor's approval of resources allocated to the engagement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-402415'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>While conducting an audit of a third party's Web-based payment processor, an internal auditor discovers that a programming error allows customers to create multiple accounts for a single mailing address. Management agrees to correct the program and notify customers with multiple accounts that the accounts will be consolidated. <br \/>\r<br>Which of the following actions should the auditor take? <br \/>\r<br>1. Schedule a follow-up review to verify that the program was corrected and the accounts were consolidated. <br \/>\r<br>2. Evaluate the adequacy and effectiveness of the corrective action proposed by management. <br \/>\r<br>3. Amend the scope of the subsequent audit to verify that the program was corrected and that accounts were consolidated. <br \/>\r<br>4. Submit management's plan of action to the external auditors for additional review.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='402415' \/><input type='hidden' id='answerType402415' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402415[]' id='answer-id-1561919' class='answer   answerof-402415 ' value='1561919'   \/><label for='answer-id-1561919' id='answer-label-1561919' class=' answer'><span>1 and 2<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402415[]' id='answer-id-1561920' class='answer   answerof-402415 ' value='1561920'   \/><label for='answer-id-1561920' id='answer-label-1561920' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402415[]' id='answer-id-1561921' class='answer   answerof-402415 ' value='1561921'   \/><label for='answer-id-1561921' id='answer-label-1561921' class=' answer'><span>2 and 3<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402415[]' id='answer-id-1561922' class='answer   answerof-402415 ' value='1561922'   \/><label for='answer-id-1561922' id='answer-label-1561922' class=' answer'><span>3 and 4<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-402416'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>At a construction company, an internal auditor is planning an audit of the company's process for designing and building grid connections. <br \/>\r<br>The process involves customers making payments m three parts <br \/>\r<br>&#8226; The first payment of 10% after approval of the customer s application <br \/>\r<br>&#8226; The second payment of 70% prior to construction <br \/>\r<br>&#8226; The third payment of 20% after construction is complete <br \/>\r<br>Which of the following key controls should the auditor test to ensure that the company is not taking any unwanted credit risks?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='402416' \/><input type='hidden' id='answerType402416' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402416[]' id='answer-id-1561923' class='answer   answerof-402416 ' value='1561923'   \/><label for='answer-id-1561923' id='answer-label-1561923' class=' answer'><span>Controls that ensure that grid connection design is finalized before construction is approved to begin<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402416[]' id='answer-id-1561924' class='answer   answerof-402416 ' value='1561924'   \/><label for='answer-id-1561924' id='answer-label-1561924' class=' answer'><span>Controls that ensure construction orders are initiated after the second invoice is paid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402416[]' id='answer-id-1561925' class='answer   answerof-402416 ' value='1561925'   \/><label for='answer-id-1561925' id='answer-label-1561925' class=' answer'><span>Controls that ensure all three invoices are calculated correctly according to the total project cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402416[]' id='answer-id-1561926' class='answer   answerof-402416 ' value='1561926'   \/><label for='answer-id-1561926' id='answer-label-1561926' class=' answer'><span>Controls that ensure that applications are verified for approval prior to initiating design and construction<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-402417'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>'Internal policy prohibits employees from entering into contacts with financial obligations without proper approval. <br \/>\r<br>A project manager signed a change to an important service agreement without obtaining the proper approval As a result the organization is receiving $5,000 per month less for its services.\u2019\u2019 <br \/>\r<br>Which of the following should be added to the observation?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='402417' \/><input type='hidden' id='answerType402417' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402417[]' id='answer-id-1561927' class='answer   answerof-402417 ' value='1561927'   \/><label for='answer-id-1561927' id='answer-label-1561927' class=' answer'><span>The reason for not following the internal policy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402417[]' id='answer-id-1561928' class='answer   answerof-402417 ' value='1561928'   \/><label for='answer-id-1561928' id='answer-label-1561928' class=' answer'><span>A description of what constitutes proper approval<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402417[]' id='answer-id-1561929' class='answer   answerof-402417 ' value='1561929'   \/><label for='answer-id-1561929' id='answer-label-1561929' class=' answer'><span>The annual impact of the changed agreement on cash flows<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402417[]' id='answer-id-1561930' class='answer   answerof-402417 ' value='1561930'   \/><label for='answer-id-1561930' id='answer-label-1561930' class=' answer'><span>Details regarding when the change to the agreement was signed<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-402418'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Management has taken immediate action to address an observation received during an audit of the organization's manufacturing process. <br \/>\r<br>Which of the following is true regarding the validity of the observation closure?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='402418' \/><input type='hidden' id='answerType402418' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402418[]' id='answer-id-1561931' class='answer   answerof-402418 ' value='1561931'   \/><label for='answer-id-1561931' id='answer-label-1561931' class=' answer'><span>Valid closure requires evidence that ensures the corrected process will function as expected in the future<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402418[]' id='answer-id-1561932' class='answer   answerof-402418 ' value='1561932'   \/><label for='answer-id-1561932' id='answer-label-1561932' class=' answer'><span>Valid closure requires the client lo address not only the condition, but also the cause of the condition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402418[]' id='answer-id-1561933' class='answer   answerof-402418 ' value='1561933'   \/><label for='answer-id-1561933' id='answer-label-1561933' class=' answer'><span>Valid closure of an observation ensures it will be included in the final engagement report<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402418[]' id='answer-id-1561934' class='answer   answerof-402418 ' value='1561934'   \/><label for='answer-id-1561934' id='answer-label-1561934' class=' answer'><span>Valid closure requires assurance from management that the original problem will not recur in the future<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-402419'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>An organization has a health and safety division that conducts audits to meet regulatory requirements. The chief health and safety officer reports directly to the CEO. <br \/>\r<br>Which of the following describes an appropriate role for the chief audit executive (CAE) with regard to the organization's health and safety program?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='402419' \/><input type='hidden' id='answerType402419' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402419[]' id='answer-id-1561935' class='answer   answerof-402419 ' value='1561935'   \/><label for='answer-id-1561935' id='answer-label-1561935' class=' answer'><span>The CAE has no role to play, because the chief health and safety officer reports to a senior executive.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402419[]' id='answer-id-1561936' class='answer   answerof-402419 ' value='1561936'   \/><label for='answer-id-1561936' id='answer-label-1561936' class=' answer'><span>The CAE should coordinate with, and review the work of, the chief health and safety officer to gain an understanding of whether risks related to health and safety are managed properly.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402419[]' id='answer-id-1561937' class='answer   answerof-402419 ' value='1561937'   \/><label for='answer-id-1561937' id='answer-label-1561937' class=' answer'><span>The CAE should give periodic reports directly to the regulator regarding health and safety issues, as it is the appropriate regulatory oversight body.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402419[]' id='answer-id-1561938' class='answer   answerof-402419 ' value='1561938'   \/><label for='answer-id-1561938' id='answer-label-1561938' class=' answer'><span>The CAE should hire an independent external specialist to conduct an annual assessment and provide assurance over the effectiveness of the health and safety program and the reliability of its reports.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-402420'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>The internal audit manager has been delegated the task of preparing the annual internal audit plan for the forthcoming fiscal year All engagements should be appropriately categorized and presented to the chief audit executive for review. <br \/>\r<br>Which of the following would most likely be classified as a consulting engagement?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='402420' \/><input type='hidden' id='answerType402420' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402420[]' id='answer-id-1561939' class='answer   answerof-402420 ' value='1561939'   \/><label for='answer-id-1561939' id='answer-label-1561939' class=' answer'><span>Evaluating procurement department process effectiveness<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402420[]' id='answer-id-1561940' class='answer   answerof-402420 ' value='1561940'   \/><label for='answer-id-1561940' id='answer-label-1561940' class=' answer'><span>Helping in the design of the risk management program<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402420[]' id='answer-id-1561941' class='answer   answerof-402420 ' value='1561941'   \/><label for='answer-id-1561941' id='answer-label-1561941' class=' answer'><span>Assessing financial reporting control adequacy<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402420[]' id='answer-id-1561942' class='answer   answerof-402420 ' value='1561942'   \/><label for='answer-id-1561942' id='answer-label-1561942' class=' answer'><span>Reviewing environmental, social, and governance reporting compliance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-402421'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organizational process?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='402421' \/><input type='hidden' id='answerType402421' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402421[]' id='answer-id-1561943' class='answer   answerof-402421 ' value='1561943'   \/><label for='answer-id-1561943' id='answer-label-1561943' class=' answer'><span>Process objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402421[]' id='answer-id-1561944' class='answer   answerof-402421 ' value='1561944'   \/><label for='answer-id-1561944' id='answer-label-1561944' class=' answer'><span>Process risks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402421[]' id='answer-id-1561945' class='answer   answerof-402421 ' value='1561945'   \/><label for='answer-id-1561945' id='answer-label-1561945' class=' answer'><span>Process controls<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402421[]' id='answer-id-1561946' class='answer   answerof-402421 ' value='1561946'   \/><label for='answer-id-1561946' id='answer-label-1561946' class=' answer'><span>Process scope<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-402422'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Upon concluding the engagement fieldwork an internal auditor discusses the audit findings with operational management. <br \/>\r<br>There is a greater likelihood that the auditor will obtain a responsive action plan from management when both parties agree on which of the following attributes of the audit finding?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='402422' \/><input type='hidden' id='answerType402422' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402422[]' id='answer-id-1561947' class='answer   answerof-402422 ' value='1561947'   \/><label for='answer-id-1561947' id='answer-label-1561947' class=' answer'><span>Criteria<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402422[]' id='answer-id-1561948' class='answer   answerof-402422 ' value='1561948'   \/><label for='answer-id-1561948' id='answer-label-1561948' class=' answer'><span>Condition<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402422[]' id='answer-id-1561949' class='answer   answerof-402422 ' value='1561949'   \/><label for='answer-id-1561949' id='answer-label-1561949' class=' answer'><span>Cause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402422[]' id='answer-id-1561950' class='answer   answerof-402422 ' value='1561950'   \/><label for='answer-id-1561950' id='answer-label-1561950' class=' answer'><span>Effect<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-402423'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of the following is the best option for the chief audit executive to consider for effective coordination of assurance coverage?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='402423' \/><input type='hidden' id='answerType402423' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402423[]' id='answer-id-1561951' class='answer   answerof-402423 ' value='1561951'   \/><label for='answer-id-1561951' id='answer-label-1561951' class=' answer'><span>Create an assurance map to illustrate each provider's level of assurance and planned activities for each area of the organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402423[]' id='answer-id-1561952' class='answer   answerof-402423 ' value='1561952'   \/><label for='answer-id-1561952' id='answer-label-1561952' class=' answer'><span>LIMIT&copy; ricks inventory to identify the risks and controls in place and the relevant control owners.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402423[]' id='answer-id-1561953' class='answer   answerof-402423 ' value='1561953'   \/><label for='answer-id-1561953' id='answer-label-1561953' class=' answer'><span>Rely on the risk and control and management testing information maintained for compliance with the regulatory framework<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-402423[]' id='answer-id-1561954' class='answer   answerof-402423 ' value='1561954'   \/><label for='answer-id-1561954' id='answer-label-1561954' class=' answer'><span>Prepare a risk likelihood and impact heal map to prioritize assurance coverage coordination.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10132\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 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