{"id":17589,"date":"2021-01-12T03:04:47","date_gmt":"2021-01-12T03:04:47","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=17589"},"modified":"2021-01-12T03:04:53","modified_gmt":"2021-01-12T03:04:53","slug":"certification-in-risk-management-assurance-crma-exam-iia-crma-dumps","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/certification-in-risk-management-assurance-crma-exam-iia-crma-dumps.html","title":{"rendered":"Certification in Risk Management Assurance (CRMA) Exam IIA-CRMA Dumps"},"content":{"rendered":"\n<p>Certification in Risk Management Assurance (CRMA) Exam IIA-CRMA test is a hot exam, which focuses on the key elements to unlocking internal audit\u2019s full potential, and validates one\u2019s ability to provide advice and assurance on risk management to audit committees and executive management. Earning CRMA certification address the impact of risk and demonstrates you have the related abilities. DumpsBase IIA-CRMA exam dumps contain 283 practice exam questions and answers. You need to read IIA-CRMA dumps questions and answers carefully.<\/p>\n<h2>First come to DumpsBase to read <span style=\"background-color: #0000ff;\">IIA-CRMA free dumps<\/span>.<\/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=\"submittingExam5016\" 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-5016\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-5016\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-160842'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Allegations have been made that an organization's share price has been manipulated. <br \/>\r<br>Which of the following would provide an internal auditor with the most objective evidence in this case?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='160842' \/><input type='hidden' id='answerType160842' 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-160842[]' id='answer-id-652127' class='answer   answerof-160842 ' value='652127'   \/><label for='answer-id-652127' id='answer-label-652127' class=' answer'><span>Major shareholders of the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160842[]' id='answer-id-652128' class='answer   answerof-160842 ' value='652128'   \/><label for='answer-id-652128' id='answer-label-652128' class=' answer'><span>Large customers of the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160842[]' id='answer-id-652129' class='answer   answerof-160842 ' value='652129'   \/><label for='answer-id-652129' id='answer-label-652129' class=' answer'><span>Former members of management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160842[]' id='answer-id-652130' class='answer   answerof-160842 ' value='652130'   \/><label for='answer-id-652130' id='answer-label-652130' class=' answer'><span>Former financial consultants.<\/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-160843'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='160843' \/><input type='hidden' id='answerType160843' 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-160843[]' id='answer-id-652131' class='answer   answerof-160843 ' value='652131'   \/><label for='answer-id-652131' id='answer-label-652131' class=' answer'><span>The CAE initials and dates every working paper after it has been reviewed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160843[]' id='answer-id-652132' class='answer   answerof-160843 ' value='652132'   \/><label for='answer-id-652132' id='answer-label-652132' class=' answer'><span>The CAE completes an engagement working paper checklist.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160843[]' id='answer-id-652133' class='answer   answerof-160843 ' value='652133'   \/><label for='answer-id-652133' id='answer-label-652133' class=' answer'><span>The CAE prepares a memorandum discussing the results of the working paper review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160843[]' id='answer-id-652134' class='answer   answerof-160843 ' value='652134'   \/><label for='answer-id-652134' id='answer-label-652134' class=' answer'><span>The CAE utilizes an external third party to make an objective recommendation after each working paper review.<\/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-160844'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='160844' \/><input type='hidden' id='answerType160844' 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-160844[]' id='answer-id-652135' class='answer   answerof-160844 ' value='652135'   \/><label for='answer-id-652135' id='answer-label-652135' class=' answer'><span>Organizational status and objectivity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160844[]' id='answer-id-652136' class='answer   answerof-160844 ' value='652136'   \/><label for='answer-id-652136' id='answer-label-652136' class=' answer'><span>Supervision of the chief audit executive (CAE) by senior management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160844[]' id='answer-id-652137' class='answer   answerof-160844 ' value='652137'   \/><label for='answer-id-652137' id='answer-label-652137' class=' answer'><span>Organizational knowledge and skills.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160844[]' id='answer-id-652138' class='answer   answerof-160844 ' value='652138'   \/><label for='answer-id-652138' id='answer-label-652138' class=' answer'><span>CAE certification.<\/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-160845'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>According to the Standards, for how long should internal auditors who have previously performed or had management responsibility for an operation wait to become involved in future internal audit activity with that same operation?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='160845' \/><input type='hidden' id='answerType160845' 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-160845[]' id='answer-id-652139' class='answer   answerof-160845 ' value='652139'   \/><label for='answer-id-652139' id='answer-label-652139' class=' answer'><span>Three months.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160845[]' id='answer-id-652140' class='answer   answerof-160845 ' value='652140'   \/><label for='answer-id-652140' id='answer-label-652140' class=' answer'><span>Six months.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160845[]' id='answer-id-652141' class='answer   answerof-160845 ' value='652141'   \/><label for='answer-id-652141' id='answer-label-652141' class=' answer'><span>One year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160845[]' id='answer-id-652142' class='answer   answerof-160845 ' value='652142'   \/><label for='answer-id-652142' id='answer-label-652142' class=' answer'><span>Two years.<\/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-160846'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>According to IIA guidance, which of the following is the best example of a system application control?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='160846' \/><input type='hidden' id='answerType160846' 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-160846[]' id='answer-id-652143' class='answer   answerof-160846 ' value='652143'   \/><label for='answer-id-652143' id='answer-label-652143' class=' answer'><span>A physical security control over a data center.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160846[]' id='answer-id-652144' class='answer   answerof-160846 ' value='652144'   \/><label for='answer-id-652144' id='answer-label-652144' class=' answer'><span>A system development life cycle control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160846[]' id='answer-id-652145' class='answer   answerof-160846 ' value='652145'   \/><label for='answer-id-652145' id='answer-label-652145' class=' answer'><span>A program change management control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160846[]' id='answer-id-652146' class='answer   answerof-160846 ' value='652146'   \/><label for='answer-id-652146' id='answer-label-652146' class=' answer'><span>An input control over data integrity.<\/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-160847'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following would not be a red flag for fraud?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='160847' \/><input type='hidden' id='answerType160847' 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-160847[]' id='answer-id-652147' class='answer   answerof-160847 ' value='652147'   \/><label for='answer-id-652147' id='answer-label-652147' class=' answer'><span>Several recent, large expenditures to a new vendor have not been documented.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160847[]' id='answer-id-652148' class='answer   answerof-160847 ' value='652148'   \/><label for='answer-id-652148' id='answer-label-652148' class=' answer'><span>A manager has bragged about multiple extravagant vacations taken within the last year, which are excessive relative to the manager's salary.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160847[]' id='answer-id-652149' class='answer   answerof-160847 ' value='652149'   \/><label for='answer-id-652149' id='answer-label-652149' class=' answer'><span>A weak control environment has been accepted by management to encourage creativity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160847[]' id='answer-id-652150' class='answer   answerof-160847 ' value='652150'   \/><label for='answer-id-652150' id='answer-label-652150' class=' answer'><span>New employees occasionally fail to meet established project deadlines due to staffing shortages.<\/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-160848'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>After being terminated due to downsizing, an internal auditor finds a different job with an organization in the same industry. <br \/>\r<br>Which of the following actions would violate the IIA Code of Ethics?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='160848' \/><input type='hidden' id='answerType160848' 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-160848[]' id='answer-id-652151' class='answer   answerof-160848 ' value='652151'   \/><label for='answer-id-652151' id='answer-label-652151' class=' answer'><span>To determine audit priorities in the new job, the auditor uses the audit risk approach that the auditor's previous employer used, without receiving permission to do so.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160848[]' id='answer-id-652152' class='answer   answerof-160848 ' value='652152'   \/><label for='answer-id-652152' id='answer-label-652152' class=' answer'><span>At the new organization, the auditor is asked to develop forms to implement probability-proportional-to-size sampling. Although unsure of how to perform this type of sampling, the auditor proceeds without asking for assistance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160848[]' id='answer-id-652153' class='answer   answerof-160848 ' value='652153'   \/><label for='answer-id-652153' id='answer-label-652153' class=' answer'><span>In preparing for an audit at the previous organization, the auditor had conducted a great deal of research on the Internet at home to identify best practices for the management of a treasury function. The auditor has retained much of the research and uses it to conduct an audit of the new employer's treasury function.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160848[]' id='answer-id-652154' class='answer   answerof-160848 ' value='652154'   \/><label for='answer-id-652154' id='answer-label-652154' class=' answer'><span>In the first week at the new organization, the auditor discovers a high fraud risk surrounding the organization's database and suggests that the information technology department implement a new password system to prevent fraudulent actions before they occur.<\/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-160849'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which of the following best describes the assessment of risks?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='160849' \/><input type='hidden' id='answerType160849' 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-160849[]' id='answer-id-652155' class='answer   answerof-160849 ' value='652155'   \/><label for='answer-id-652155' id='answer-label-652155' class=' answer'><span>Assess the actions necessary to reduce the likelihood and\/or impact of risk to tolerable levels.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160849[]' id='answer-id-652156' class='answer   answerof-160849 ' value='652156'   \/><label for='answer-id-652156' id='answer-label-652156' class=' answer'><span>Assess the likelihood and\/or impact of risk on the achievement of organizational objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160849[]' id='answer-id-652157' class='answer   answerof-160849 ' value='652157'   \/><label for='answer-id-652157' id='answer-label-652157' class=' answer'><span>Assess the amount of risk an organization can accept while pursuing its objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160849[]' id='answer-id-652158' class='answer   answerof-160849 ' value='652158'   \/><label for='answer-id-652158' id='answer-label-652158' class=' answer'><span>Assess alternative strategies to reduce or eliminate major risks.<\/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-160850'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>An organization has implemented a new automated payroll system that contains a table of pay rates that are matched to employee job classifications. <br \/>\r<br>Which control should an internal auditor suggest in order to ensure that the table is updated correctly, and is used only for valid pay changes?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='160850' \/><input type='hidden' id='answerType160850' 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-160850[]' id='answer-id-652159' class='answer   answerof-160850 ' value='652159'   \/><label for='answer-id-652159' id='answer-label-652159' class=' answer'><span>Restrict data-table access from management and line supervisors who have the authority to determine pay rates.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160850[]' id='answer-id-652160' class='answer   answerof-160850 ' value='652160'   \/><label for='answer-id-652160' id='answer-label-652160' class=' answer'><span>Require a supervisor in the department, who has the ability to change the table, to compare the changes to a signed management authorization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160850[]' id='answer-id-652161' class='answer   answerof-160850 ' value='652161'   \/><label for='answer-id-652161' id='answer-label-652161' class=' answer'><span>Ensure that adequate edit and reasonableness checks are built into the automated system.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160850[]' id='answer-id-652162' class='answer   answerof-160850 ' value='652162'   \/><label for='answer-id-652162' id='answer-label-652162' class=' answer'><span>Require a manager, who is independent of the system and who cannot change the table, to authorize and sign-off on any employee pay changes.<\/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-160851'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>According to the Standards, which of the following is not a consideration when exercising due professional care for an assurance engagement?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='160851' \/><input type='hidden' id='answerType160851' 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-160851[]' id='answer-id-652163' class='answer   answerof-160851 ' value='652163'   \/><label for='answer-id-652163' id='answer-label-652163' class=' answer'><span>The relative complexity, materiality, or significance of matters to which assurance procedures are applied.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160851[]' id='answer-id-652164' class='answer   answerof-160851 ' value='652164'   \/><label for='answer-id-652164' id='answer-label-652164' class=' answer'><span>The extent of assurance services necessary to ensure that all risks are identified.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160851[]' id='answer-id-652165' class='answer   answerof-160851 ' value='652165'   \/><label for='answer-id-652165' id='answer-label-652165' class=' answer'><span>The cost of providing the assurance services in relation to potential benefits.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160851[]' id='answer-id-652166' class='answer   answerof-160851 ' value='652166'   \/><label for='answer-id-652166' id='answer-label-652166' class=' answer'><span>The probability of significant errors, irregularities or instances of noncompliance.<\/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-160852'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>According to IIA guidance, which of the following statements is true?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='160852' \/><input type='hidden' id='answerType160852' 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-160852[]' id='answer-id-652167' class='answer   answerof-160852 ' value='652167'   \/><label for='answer-id-652167' id='answer-label-652167' class=' answer'><span>Risks in IT processes are best mitigated by individual controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160852[]' id='answer-id-652168' class='answer   answerof-160852 ' value='652168'   \/><label for='answer-id-652168' id='answer-label-652168' class=' answer'><span>The overall focus of the framework is on significant controls in all critical IT applications.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160852[]' id='answer-id-652169' class='answer   answerof-160852 ' value='652169'   \/><label for='answer-id-652169' id='answer-label-652169' class=' answer'><span>IT risks and related controls are operational and best identified using a bottom-up approach.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160852[]' id='answer-id-652170' class='answer   answerof-160852 ' value='652170'   \/><label for='answer-id-652170' id='answer-label-652170' class=' answer'><span>Control process risks are found at multiple layers of the IT environment.<\/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-160853'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which of the following is not an appropriate activity for internal auditors to perform?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='160853' \/><input type='hidden' id='answerType160853' 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-160853[]' id='answer-id-652171' class='answer   answerof-160853 ' value='652171'   \/><label for='answer-id-652171' id='answer-label-652171' class=' answer'><span>Recommend management seek a consulting firm to advise on outsourcing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160853[]' id='answer-id-652172' class='answer   answerof-160853 ' value='652172'   \/><label for='answer-id-652172' id='answer-label-652172' class=' answer'><span>Highlight matters that require management's attention.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160853[]' id='answer-id-652173' class='answer   answerof-160853 ' value='652173'   \/><label for='answer-id-652173' id='answer-label-652173' class=' answer'><span>Implement solutions for specific organizational problems.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160853[]' id='answer-id-652174' class='answer   answerof-160853 ' value='652174'   \/><label for='answer-id-652174' id='answer-label-652174' class=' answer'><span>Accumulate data, obtain varying views, and report information to senior management.<\/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-160854'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>While reviewing first quarter sales transactions, an internal auditor discovered that 10 invoices for a new customer had not been posted into the accounts receivable subsidiary ledger. Those 10 invoices were listed in an error report automatically generated by the sales processing system. The system had rejected the invoices because the customer's account number was not found in the customer master file. <br \/>\r<br>In this scenario, which of the following controls was lacking?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='160854' \/><input type='hidden' id='answerType160854' 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-160854[]' id='answer-id-652175' class='answer   answerof-160854 ' value='652175'   \/><label for='answer-id-652175' id='answer-label-652175' class=' answer'><span>Corrective control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160854[]' id='answer-id-652176' class='answer   answerof-160854 ' value='652176'   \/><label for='answer-id-652176' id='answer-label-652176' class=' answer'><span>Preventive control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160854[]' id='answer-id-652177' class='answer   answerof-160854 ' value='652177'   \/><label for='answer-id-652177' id='answer-label-652177' class=' answer'><span>Detective control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160854[]' id='answer-id-652178' class='answer   answerof-160854 ' value='652178'   \/><label for='answer-id-652178' id='answer-label-652178' class=' answer'><span>Directive control.<\/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-160855'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>A candidate has applied for an entry level internal audit position. The candidate holds a CISA (Certified Information Systems Auditor) designation, and has six months of audit experience, but limited knowledge of accounting principles and techniques. <br \/>\r<br>According to the IIA guidance, which of the following is the most relevant reason for the chief audit executive to consider this candidate?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='160855' \/><input type='hidden' id='answerType160855' 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-160855[]' id='answer-id-652179' class='answer   answerof-160855 ' value='652179'   \/><label for='answer-id-652179' id='answer-label-652179' class=' answer'><span>Other internal auditors possess sufficient knowledge of accounting principles and techniques.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160855[]' id='answer-id-652180' class='answer   answerof-160855 ' value='652180'   \/><label for='answer-id-652180' id='answer-label-652180' class=' answer'><span>The candidate's information systems knowledge and real-world experience in internal auditing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160855[]' id='answer-id-652181' class='answer   answerof-160855 ' value='652181'   \/><label for='answer-id-652181' id='answer-label-652181' class=' answer'><span>Accounting skills can be learned over time with appropriate training.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160855[]' id='answer-id-652182' class='answer   answerof-160855 ' value='652182'   \/><label for='answer-id-652182' id='answer-label-652182' class=' answer'><span>An entry level position does not require expertise in any particular area.<\/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-160856'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store's cash function?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='160856' \/><input type='hidden' id='answerType160856' 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-160856[]' id='answer-id-652183' class='answer   answerof-160856 ' value='652183'   \/><label for='answer-id-652183' id='answer-label-652183' class=' answer'><span>The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160856[]' id='answer-id-652184' class='answer   answerof-160856 ' value='652184'   \/><label for='answer-id-652184' id='answer-label-652184' class=' answer'><span>The auditor tested samples of transactions to test the cash function's process flows.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160856[]' id='answer-id-652185' class='answer   answerof-160856 ' value='652185'   \/><label for='answer-id-652185' id='answer-label-652185' class=' answer'><span>After determining that the cash function internal controls were strong, the audit report assured senior management that fraud was not present.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160856[]' id='answer-id-652186' class='answer   answerof-160856 ' value='652186'   \/><label for='answer-id-652186' id='answer-label-652186' class=' answer'><span>The auditor discovered an instance of potential fraud and reported it immediately to management, but did not alert authorities outside the organization.<\/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-160857'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which type of objectives can best be described as broad goals that promote the effective and efficient use of resources?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='160857' \/><input type='hidden' id='answerType160857' 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-160857[]' id='answer-id-652187' class='answer   answerof-160857 ' value='652187'   \/><label for='answer-id-652187' id='answer-label-652187' class=' answer'><span>Strategic objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160857[]' id='answer-id-652188' class='answer   answerof-160857 ' value='652188'   \/><label for='answer-id-652188' id='answer-label-652188' class=' answer'><span>Operational objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160857[]' id='answer-id-652189' class='answer   answerof-160857 ' value='652189'   \/><label for='answer-id-652189' id='answer-label-652189' class=' answer'><span>Reporting objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160857[]' id='answer-id-652190' class='answer   answerof-160857 ' value='652190'   \/><label for='answer-id-652190' id='answer-label-652190' class=' answer'><span>Compliance objectives.<\/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-160858'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>The last quality assessment of the internal audit activity identified three areas for improvement: the achievement of audit engagement objectives, quality of work, and staff development. <br \/>\r<br>According to IIA guidance, which of the following should be the chief audit executive's primary focus to achieve these recommended improvements?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='160858' \/><input type='hidden' id='answerType160858' 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-160858[]' id='answer-id-652191' class='answer   answerof-160858 ' value='652191'   \/><label for='answer-id-652191' id='answer-label-652191' class=' answer'><span>Demonstrated compliance with procedures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160858[]' id='answer-id-652192' class='answer   answerof-160858 ' value='652192'   \/><label for='answer-id-652192' id='answer-label-652192' class=' answer'><span>Due professional care.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160858[]' id='answer-id-652193' class='answer   answerof-160858 ' value='652193'   \/><label for='answer-id-652193' id='answer-label-652193' class=' answer'><span>Engagement supervision.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160858[]' id='answer-id-652194' class='answer   answerof-160858 ' value='652194'   \/><label for='answer-id-652194' id='answer-label-652194' class=' answer'><span>Employment of tools and techniques.<\/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-160859'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='160859' \/><input type='hidden' id='answerType160859' 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-160859[]' id='answer-id-652195' class='answer   answerof-160859 ' value='652195'   \/><label for='answer-id-652195' id='answer-label-652195' class=' answer'><span>It increases the likelihood of obtaining the audit client's agreement with the results.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160859[]' id='answer-id-652196' class='answer   answerof-160859 ' value='652196'   \/><label for='answer-id-652196' id='answer-label-652196' class=' answer'><span>It ensures that an appropriate chain of evidence is maintained through the workpapers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160859[]' id='answer-id-652197' class='answer   answerof-160859 ' value='652197'   \/><label for='answer-id-652197' id='answer-label-652197' class=' answer'><span>It helps ensure that appropriate professional judgments and conclusions are made.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160859[]' id='answer-id-652198' class='answer   answerof-160859 ' value='652198'   \/><label for='answer-id-652198' id='answer-label-652198' class=' answer'><span>It is required to demonstrate that effective engagement supervision has occurred.<\/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-160860'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>The internal audit supervisor is reviewing the workpapers prepared by the staff. <br \/>\r<br>According to the Standards, which of the following statements regarding workpaper supervision is not true?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='160860' \/><input type='hidden' id='answerType160860' 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-160860[]' id='answer-id-652199' class='answer   answerof-160860 ' value='652199'   \/><label for='answer-id-652199' id='answer-label-652199' class=' answer'><span>Review notes of questions that arise during the review process must be retained.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160860[]' id='answer-id-652200' class='answer   answerof-160860 ' value='652200'   \/><label for='answer-id-652200' id='answer-label-652200' class=' answer'><span>Dating and initialing each workpaper provides evidence of review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160860[]' id='answer-id-652201' class='answer   answerof-160860 ' value='652201'   \/><label for='answer-id-652201' id='answer-label-652201' class=' answer'><span>Workpaper review allows for staff training and development.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160860[]' id='answer-id-652202' class='answer   answerof-160860 ' value='652202'   \/><label for='answer-id-652202' id='answer-label-652202' class=' answer'><span>Workpapers may be amended during the review process.<\/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-160861'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. <br \/>\r<br>Which of the following also should be included in the charter?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='160861' \/><input type='hidden' id='answerType160861' 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-160861[]' id='answer-id-652203' class='answer   answerof-160861 ' value='652203'   \/><label for='answer-id-652203' id='answer-label-652203' class=' answer'><span>The purpose of the IA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160861[]' id='answer-id-652204' class='answer   answerof-160861 ' value='652204'   \/><label for='answer-id-652204' id='answer-label-652204' class=' answer'><span>The IAA's right to have unrestricted access to functions, records, personnel, and physical property.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160861[]' id='answer-id-652205' class='answer   answerof-160861 ' value='652205'   \/><label for='answer-id-652205' id='answer-label-652205' class=' answer'><span>A detailed audit plan or program for the year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160861[]' id='answer-id-652206' class='answer   answerof-160861 ' value='652206'   \/><label for='answer-id-652206' id='answer-label-652206' class=' answer'><span>The job specifications and descriptions of the internal audit staff.<\/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-160862'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>They can rely on evidence taken from the work of other assurance activities across the organization.<\/div><input type='hidden' name='question_id[]' id='qID_21' value='160862' \/><input type='hidden' id='answerType160862' 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-160862[]' id='answer-id-652207' class='answer   answerof-160862 ' value='652207'   \/><label for='answer-id-652207' id='answer-label-652207' class=' answer'><span>1 and 2.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160862[]' id='answer-id-652208' class='answer   answerof-160862 ' value='652208'   \/><label for='answer-id-652208' id='answer-label-652208' class=' answer'><span>1 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160862[]' id='answer-id-652209' class='answer   answerof-160862 ' value='652209'   \/><label for='answer-id-652209' id='answer-label-652209' class=' answer'><span>2 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160862[]' id='answer-id-652210' class='answer   answerof-160862 ' value='652210'   \/><label for='answer-id-652210' id='answer-label-652210' class=' answer'><span>3 and 4.<\/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-160863'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment of the quality assurance and improvement program for an internal audit activity (IAA)?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='160863' \/><input type='hidden' id='answerType160863' 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-160863[]' id='answer-id-652211' class='answer   answerof-160863 ' value='652211'   \/><label for='answer-id-652211' id='answer-label-652211' class=' answer'><span>A former employee knowledgeable of the IAA who resigned three years earlier from the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160863[]' id='answer-id-652212' class='answer   answerof-160863 ' value='652212'   \/><label for='answer-id-652212' id='answer-label-652212' class=' answer'><span>A competent employee of an independent external organization that provides co-sourcing services to the IA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160863[]' id='answer-id-652213' class='answer   answerof-160863 ' value='652213'   \/><label for='answer-id-652213' id='answer-label-652213' class=' answer'><span>An employee in an affiliated organization who has never worked directly with the IA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160863[]' id='answer-id-652214' class='answer   answerof-160863 ' value='652214'   \/><label for='answer-id-652214' id='answer-label-652214' class=' answer'><span>An employee in the parent organization who has not had any previous contact with the IA<\/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-160864'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers\u2019 accounts?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='160864' \/><input type='hidden' id='answerType160864' 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-160864[]' id='answer-id-652215' class='answer   answerof-160864 ' value='652215'   \/><label for='answer-id-652215' id='answer-label-652215' class=' answer'><span>Invoices are not being mailed to customers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160864[]' id='answer-id-652216' class='answer   answerof-160864 ' value='652216'   \/><label for='answer-id-652216' id='answer-label-652216' class=' answer'><span>An employee is tampering with customer checks.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160864[]' id='answer-id-652217' class='answer   answerof-160864 ' value='652217'   \/><label for='answer-id-652217' id='answer-label-652217' class=' answer'><span>Employees are submitting fraudulent expense reports.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160864[]' id='answer-id-652218' class='answer   answerof-160864 ' value='652218'   \/><label for='answer-id-652218' id='answer-label-652218' class=' answer'><span>The customer service department is not forwarding complaints to the accounts receivable department.<\/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-160865'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A manufacturing organization discovers that the waste water released has failed to meet permitted limits. <br \/>\r<br>Which control function will be least effective in correcting the issue?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='160865' \/><input type='hidden' id='answerType160865' 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-160865[]' id='answer-id-652219' class='answer   answerof-160865 ' value='652219'   \/><label for='answer-id-652219' id='answer-label-652219' class=' answer'><span>Performing a chemical analysis of the water, prior to discharge, for components specified in the permit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160865[]' id='answer-id-652220' class='answer   answerof-160865 ' value='652220'   \/><label for='answer-id-652220' id='answer-label-652220' class=' answer'><span>Posting signs that tell employees which substances may be disposed of via sinks and floor drains within the facility.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160865[]' id='answer-id-652221' class='answer   answerof-160865 ' value='652221'   \/><label for='answer-id-652221' id='answer-label-652221' class=' answer'><span>Diluting pollutants by flushing sinks and floor drains daily with large volumes of clean water.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160865[]' id='answer-id-652222' class='answer   answerof-160865 ' value='652222'   \/><label for='answer-id-652222' id='answer-label-652222' class=' answer'><span>Establishing a preventive maintenance program for the pretreatment system.<\/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-160866'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole. <br \/>\r<br>This is an example of which of the following analytical auditing procedures?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='160866' \/><input type='hidden' id='answerType160866' 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-160866[]' id='answer-id-652223' class='answer   answerof-160866 ' value='652223'   \/><label for='answer-id-652223' id='answer-label-652223' class=' answer'><span>Reasonableness test.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160866[]' id='answer-id-652224' class='answer   answerof-160866 ' value='652224'   \/><label for='answer-id-652224' id='answer-label-652224' class=' answer'><span>Regression analysis.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160866[]' id='answer-id-652225' class='answer   answerof-160866 ' value='652225'   \/><label for='answer-id-652225' id='answer-label-652225' class=' answer'><span>Benchmarking.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160866[]' id='answer-id-652226' class='answer   answerof-160866 ' value='652226'   \/><label for='answer-id-652226' id='answer-label-652226' class=' answer'><span>Trend analysis.<\/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-160867'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following actions does not violate the IIA Code of Ethics or Standards?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='160867' \/><input type='hidden' id='answerType160867' 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-160867[]' id='answer-id-652227' class='answer   answerof-160867 ' value='652227'   \/><label for='answer-id-652227' id='answer-label-652227' class=' answer'><span>An internal auditor performing an audit on an operation that they managed less than a year ago.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160867[]' id='answer-id-652228' class='answer   answerof-160867 ' value='652228'   \/><label for='answer-id-652228' id='answer-label-652228' class=' answer'><span>An internal auditor performing an audit on procedures that they were responsible for creating.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160867[]' id='answer-id-652229' class='answer   answerof-160867 ' value='652229'   \/><label for='answer-id-652229' id='answer-label-652229' class=' answer'><span>An internal auditor disclosing details of an audit report to colleagues from a different organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160867[]' id='answer-id-652230' class='answer   answerof-160867 ' value='652230'   \/><label for='answer-id-652230' id='answer-label-652230' class=' answer'><span>An internal auditor disclosing confidential information in response to a lawsuit.<\/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-160868'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity's chief financial officer (CFO). <br \/>\r<br>Which of the following would impair the internal audit function's independence?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='160868' \/><input type='hidden' id='answerType160868' 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-160868[]' id='answer-id-652231' class='answer   answerof-160868 ' value='652231'   \/><label for='answer-id-652231' id='answer-label-652231' class=' answer'><span>The CFO determines the scope of internal audit work in the accounting department.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160868[]' id='answer-id-652232' class='answer   answerof-160868 ' value='652232'   \/><label for='answer-id-652232' id='answer-label-652232' class=' answer'><span>The CFO manages the accounting of the budget for the internal audit function.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160868[]' id='answer-id-652233' class='answer   answerof-160868 ' value='652233'   \/><label for='answer-id-652233' id='answer-label-652233' class=' answer'><span>The CFO administers the annual evaluation process for the internal auditors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160868[]' id='answer-id-652234' class='answer   answerof-160868 ' value='652234'   \/><label for='answer-id-652234' id='answer-label-652234' class=' answer'><span>The CFO provides feedback on the CAE's audit reports.<\/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-160869'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Leave blank space for cross-references to be completed during the post-audit process.<\/div><input type='hidden' name='question_id[]' id='qID_28' value='160869' \/><input type='hidden' id='answerType160869' 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-160869[]' id='answer-id-652235' class='answer   answerof-160869 ' value='652235'   \/><label for='answer-id-652235' id='answer-label-652235' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160869[]' id='answer-id-652236' class='answer   answerof-160869 ' value='652236'   \/><label for='answer-id-652236' id='answer-label-652236' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160869[]' id='answer-id-652237' class='answer   answerof-160869 ' value='652237'   \/><label for='answer-id-652237' id='answer-label-652237' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160869[]' id='answer-id-652238' class='answer   answerof-160869 ' value='652238'   \/><label for='answer-id-652238' id='answer-label-652238' class=' answer'><span>3 and 4 only<\/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-160870'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>This chief audit executive (CAE) engaged an internal auditor to consult on an organization's complex information technology system. Shortly after beginning the engagement, the auditor unexpectedly resigned. Unfortunately, this auditor was the only available auditor with the necessary expertise. The CAE will not be able to hire someone with similar expertise in time to meet a regulatory deadline. <br \/>\r<br>Which of the following would be the best course of action for the CAE to take?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='160870' \/><input type='hidden' id='answerType160870' 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-160870[]' id='answer-id-652239' class='answer   answerof-160870 ' value='652239'   \/><label for='answer-id-652239' id='answer-label-652239' class=' answer'><span>Continue with the engagement in order to meet the regulatory deadline, but highlight \r\nareas in the final report that might need to be revised in the future.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160870[]' id='answer-id-652240' class='answer   answerof-160870 ' value='652240'   \/><label for='answer-id-652240' id='answer-label-652240' class=' answer'><span>Ask that a senior member of the organization's IT department with the required systems expertise join the audit team to assist in completing the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160870[]' id='answer-id-652241' class='answer   answerof-160870 ' value='652241'   \/><label for='answer-id-652241' id='answer-label-652241' class=' answer'><span>Delay the engagement and inform the board of the situation, asking them to provide acceptable alternatives for completing the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160870[]' id='answer-id-652242' class='answer   answerof-160870 ' value='652242'   \/><label for='answer-id-652242' id='answer-label-652242' class=' answer'><span>Remove the planned engagement from the audit plan and explain to senior management the problems with moving forward without an auditor with the necessary expertise.<\/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-160871'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='160871' \/><input type='hidden' id='answerType160871' 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-160871[]' id='answer-id-652243' class='answer   answerof-160871 ' value='652243'   \/><label for='answer-id-652243' id='answer-label-652243' class=' answer'><span>Governance, risk, and control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160871[]' id='answer-id-652244' class='answer   answerof-160871 ' value='652244'   \/><label for='answer-id-652244' id='answer-label-652244' class=' answer'><span>Performance management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160871[]' id='answer-id-652245' class='answer   answerof-160871 ' value='652245'   \/><label for='answer-id-652245' id='answer-label-652245' class=' answer'><span>Business acumen.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160871[]' id='answer-id-652246' class='answer   answerof-160871 ' value='652246'   \/><label for='answer-id-652246' id='answer-label-652246' class=' answer'><span>Internal audit delivery.<\/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-160872'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift. <br \/>\r<br>Which statement regarding acceptance of the money is correct?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='160872' \/><input type='hidden' id='answerType160872' 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-160872[]' id='answer-id-652247' class='answer   answerof-160872 ' value='652247'   \/><label for='answer-id-652247' id='answer-label-652247' class=' answer'><span>Accepting the money would be prohibited only if it were non-customary.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160872[]' id='answer-id-652248' class='answer   answerof-160872 ' value='652248'   \/><label for='answer-id-652248' id='answer-label-652248' class=' answer'><span>Accepting the money would violate the IIA Code of Ethics.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160872[]' id='answer-id-652249' class='answer   answerof-160872 ' value='652249'   \/><label for='answer-id-652249' id='answer-label-652249' class=' answer'><span>Because the CIA is not acting as an internal auditor, accepting the money would be governed only by the organization's code of conduct.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160872[]' id='answer-id-652250' class='answer   answerof-160872 ' value='652250'   \/><label for='answer-id-652250' id='answer-label-652250' class=' answer'><span>Because the contract was signed before the money was offered, accepting the money would not violate the IIA Code of Ethics.<\/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-160873'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>According to IIA guidance, which of the following objectives of an assurance engagement for the organization's risk management process is valid?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='160873' \/><input type='hidden' id='answerType160873' 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-160873[]' id='answer-id-652251' class='answer   answerof-160873 ' value='652251'   \/><label for='answer-id-652251' id='answer-label-652251' class=' answer'><span>All risks have been identified and mitigated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160873[]' id='answer-id-652252' class='answer   answerof-160873 ' value='652252'   \/><label for='answer-id-652252' id='answer-label-652252' class=' answer'><span>Risks have been accurately analyzed and evaluated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160873[]' id='answer-id-652253' class='answer   answerof-160873 ' value='652253'   \/><label for='answer-id-652253' id='answer-label-652253' class=' answer'><span>All controls are both adequate and efficient.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160873[]' id='answer-id-652254' class='answer   answerof-160873 ' value='652254'   \/><label for='answer-id-652254' id='answer-label-652254' class=' answer'><span>The board is appropriately addressing intolerable risks.<\/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-160874'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Justified and necessary, according to the IIA Code of Ethics and Standards.<\/div><input type='hidden' name='question_id[]' id='qID_33' value='160874' \/><input type='hidden' id='answerType160874' 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-160874[]' id='answer-id-652255' class='answer   answerof-160874 ' value='652255'   \/><label for='answer-id-652255' id='answer-label-652255' class=' answer'><span>1 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160874[]' id='answer-id-652256' class='answer   answerof-160874 ' value='652256'   \/><label for='answer-id-652256' id='answer-label-652256' class=' answer'><span>2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160874[]' id='answer-id-652257' class='answer   answerof-160874 ' value='652257'   \/><label for='answer-id-652257' id='answer-label-652257' class=' answer'><span>3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160874[]' id='answer-id-652258' class='answer   answerof-160874 ' value='652258'   \/><label for='answer-id-652258' id='answer-label-652258' class=' answer'><span>1 and 2 only<\/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-160875'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>A computer system automatically locks a user's account after three unsuccessful attempts to log on. <br \/>\r<br>Which type of control does this scenario represent?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='160875' \/><input type='hidden' id='answerType160875' 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-160875[]' id='answer-id-652259' class='answer   answerof-160875 ' value='652259'   \/><label for='answer-id-652259' id='answer-label-652259' class=' answer'><span>Corrective control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160875[]' id='answer-id-652260' class='answer   answerof-160875 ' value='652260'   \/><label for='answer-id-652260' id='answer-label-652260' class=' answer'><span>Preventive control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160875[]' id='answer-id-652261' class='answer   answerof-160875 ' value='652261'   \/><label for='answer-id-652261' id='answer-label-652261' class=' answer'><span>Detective control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160875[]' id='answer-id-652262' class='answer   answerof-160875 ' value='652262'   \/><label for='answer-id-652262' id='answer-label-652262' class=' answer'><span>Compensating control.<\/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-160876'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>If an engagement client disputes that a specific action or process is within the scope of the internal audit activity, what would be the most appropriate way for the internal audit activity (IAA) to respond?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='160876' \/><input type='hidden' id='answerType160876' 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-160876[]' id='answer-id-652263' class='answer   answerof-160876 ' value='652263'   \/><label for='answer-id-652263' id='answer-label-652263' class=' answer'><span>Terminate the audit engagement in full because an operational audit will not be productive without the client's cooperation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160876[]' id='answer-id-652264' class='answer   answerof-160876 ' value='652264'   \/><label for='answer-id-652264' id='answer-label-652264' class=' answer'><span>Terminate only the specific action or process with which the client disagrees and work to determine a substitute function that will not impede further IAA or the client-audit relationship.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160876[]' id='answer-id-652265' class='answer   answerof-160876 ' value='652265'   \/><label for='answer-id-652265' id='answer-label-652265' class=' answer'><span>Refer the client to the IAA's charter and the approved yearly audit plan, which includes the areas designated for audit in the current time period.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160876[]' id='answer-id-652266' class='answer   answerof-160876 ' value='652266'   \/><label for='answer-id-652266' id='answer-label-652266' class=' answer'><span>Seek the approval of senior management or the board in mediation, allowing an overseer to clarify the scope of the audit engagement for the client.<\/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-160877'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>During an internal audit, an organization's processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some of these reports are false and that others were isolated oversights due to understaffing. <br \/>\r<br>Which of the following tests would best help the internal auditor detect fraudulent activity?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='160877' \/><input type='hidden' id='answerType160877' 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-160877[]' id='answer-id-652267' class='answer   answerof-160877 ' value='652267'   \/><label for='answer-id-652267' id='answer-label-652267' class=' answer'><span>Check inventory levels.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160877[]' id='answer-id-652268' class='answer   answerof-160877 ' value='652268'   \/><label for='answer-id-652268' id='answer-label-652268' class=' answer'><span>Search for gaps in check numbers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160877[]' id='answer-id-652269' class='answer   answerof-160877 ' value='652269'   \/><label for='answer-id-652269' id='answer-label-652269' class=' answer'><span>Compare vendor summaries.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160877[]' id='answer-id-652270' class='answer   answerof-160877 ' value='652270'   \/><label for='answer-id-652270' id='answer-label-652270' class=' answer'><span>Review raw material purchase quantities.<\/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-160878'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following does not need to be defined in the internal audit charter?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='160878' \/><input type='hidden' id='answerType160878' 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-160878[]' id='answer-id-652271' class='answer   answerof-160878 ' value='652271'   \/><label for='answer-id-652271' id='answer-label-652271' class=' answer'><span>The audit engagements to be performed during the upcoming year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160878[]' id='answer-id-652272' class='answer   answerof-160878 ' value='652272'   \/><label for='answer-id-652272' id='answer-label-652272' class=' answer'><span>The internal audit activity's position within the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160878[]' id='answer-id-652273' class='answer   answerof-160878 ' value='652273'   \/><label for='answer-id-652273' id='answer-label-652273' class=' answer'><span>The scope of internal audit activities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160878[]' id='answer-id-652274' class='answer   answerof-160878 ' value='652274'   \/><label for='answer-id-652274' id='answer-label-652274' class=' answer'><span>Management and the board of directors' agreement regarding the roles and responsibilities of the internal audit activity.<\/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-160879'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Cost of the engagement versus the potential benefits.<\/div><input type='hidden' name='question_id[]' id='qID_38' value='160879' \/><input type='hidden' id='answerType160879' 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-160879[]' id='answer-id-652275' class='answer   answerof-160879 ' value='652275'   \/><label for='answer-id-652275' id='answer-label-652275' class=' answer'><span>1 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160879[]' id='answer-id-652276' class='answer   answerof-160879 ' value='652276'   \/><label for='answer-id-652276' id='answer-label-652276' class=' answer'><span>2 and 3 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160879[]' id='answer-id-652277' class='answer   answerof-160879 ' value='652277'   \/><label for='answer-id-652277' id='answer-label-652277' class=' answer'><span>2, 3, and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160879[]' id='answer-id-652278' class='answer   answerof-160879 ' value='652278'   \/><label for='answer-id-652278' id='answer-label-652278' class=' answer'><span>1, 2, 3, and 4<\/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-160880'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Suspecting fraud, the chief financial officer (CFO) asked the internal audit activity to investigate a significant increase in travel related expenditures. Work was performed by a qualified internal auditor. Following the completion of the engagement, the chief audit executive (CAE) reported to the CFO that no violations were found and no fraud had occurred. <br \/>\r<br>According to the Standards, which of the following principles did the CAE violate?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='160880' \/><input type='hidden' id='answerType160880' 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-160880[]' id='answer-id-652279' class='answer   answerof-160880 ' value='652279'   \/><label for='answer-id-652279' id='answer-label-652279' class=' answer'><span>Due professional care.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160880[]' id='answer-id-652280' class='answer   answerof-160880 ' value='652280'   \/><label for='answer-id-652280' id='answer-label-652280' class=' answer'><span>Individual objectivity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160880[]' id='answer-id-652281' class='answer   answerof-160880 ' value='652281'   \/><label for='answer-id-652281' id='answer-label-652281' class=' answer'><span>Proficiency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160880[]' id='answer-id-652282' class='answer   answerof-160880 ' value='652282'   \/><label for='answer-id-652282' id='answer-label-652282' class=' answer'><span>Organizational independence.<\/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-160881'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='160881' \/><input type='hidden' id='answerType160881' 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-160881[]' id='answer-id-652283' class='answer   answerof-160881 ' value='652283'   \/><label for='answer-id-652283' id='answer-label-652283' class=' answer'><span>Benchmarking of the internal audit activity's practices and performance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160881[]' id='answer-id-652284' class='answer   answerof-160881 ' value='652284'   \/><label for='answer-id-652284' id='answer-label-652284' class=' answer'><span>Report of internal assessment results, response plans, and outcomes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160881[]' id='answer-id-652285' class='answer   answerof-160881 ' value='652285'   \/><label for='answer-id-652285' id='answer-label-652285' class=' answer'><span>Analysis of performance metrics such as cycle times.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160881[]' id='answer-id-652286' class='answer   answerof-160881 ' value='652286'   \/><label for='answer-id-652286' id='answer-label-652286' class=' answer'><span>Self-assessments and surveys of stakeholder groups.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-160882'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. <br \/>\r<br>Which of the following methods would be most effective and efficient in completing this task?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='160882' \/><input type='hidden' id='answerType160882' 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-160882[]' id='answer-id-652287' class='answer   answerof-160882 ' value='652287'   \/><label for='answer-id-652287' id='answer-label-652287' class=' answer'><span>Process mapping.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160882[]' id='answer-id-652288' class='answer   answerof-160882 ' value='652288'   \/><label for='answer-id-652288' id='answer-label-652288' class=' answer'><span>Interviewing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160882[]' id='answer-id-652289' class='answer   answerof-160882 ' value='652289'   \/><label for='answer-id-652289' id='answer-label-652289' class=' answer'><span>Monitoring.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160882[]' id='answer-id-652290' class='answer   answerof-160882 ' value='652290'   \/><label for='answer-id-652290' id='answer-label-652290' class=' answer'><span>Distributing questionnaires.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-160883'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='160883' \/><input type='hidden' id='answerType160883' 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-160883[]' id='answer-id-652291' class='answer   answerof-160883 ' value='652291'   \/><label for='answer-id-652291' id='answer-label-652291' class=' answer'><span>Suppliers' reports of over shipments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160883[]' id='answer-id-652292' class='answer   answerof-160883 ' value='652292'   \/><label for='answer-id-652292' id='answer-label-652292' class=' answer'><span>Warehouse receiving logs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160883[]' id='answer-id-652293' class='answer   answerof-160883 ' value='652293'   \/><label for='answer-id-652293' id='answer-label-652293' class=' answer'><span>Purchase requisitions and purchase orders.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160883[]' id='answer-id-652294' class='answer   answerof-160883 ' value='652294'   \/><label for='answer-id-652294' id='answer-label-652294' class=' answer'><span>Observation and inspection of inventory.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-160884'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Management of a publicly-held organization requires the internal audit activity to be involved with quarterly financial statements, which are made public and used internally. <br \/>\r<br>Which of the following explanations of management's decision is least plausible?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='160884' \/><input type='hidden' id='answerType160884' 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-160884[]' id='answer-id-652295' class='answer   answerof-160884 ' value='652295'   \/><label for='answer-id-652295' id='answer-label-652295' class=' answer'><span>Management may be concerned about its reputation in the financial markets.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160884[]' id='answer-id-652296' class='answer   answerof-160884 ' value='652296'   \/><label for='answer-id-652296' id='answer-label-652296' class=' answer'><span>Management is following best-practice protocol, as stipulated by the Standards, which states that internal auditors must review quarterly financial statements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160884[]' id='answer-id-652297' class='answer   answerof-160884 ' value='652297'   \/><label for='answer-id-652297' id='answer-label-652297' class=' answer'><span>Management may be concerned about potential penalties that could occur if quarterly financial statements are misstated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160884[]' id='answer-id-652298' class='answer   answerof-160884 ' value='652298'   \/><label for='answer-id-652298' id='answer-label-652298' class=' answer'><span>Management may perceive that having quarterly financial information examined by the internal auditors enhances the information's value to internal decision making.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-160885'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>Which of the following is a second line of defense in effective risk management and control?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='160885' \/><input type='hidden' id='answerType160885' 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-160885[]' id='answer-id-652299' class='answer   answerof-160885 ' value='652299'   \/><label for='answer-id-652299' id='answer-label-652299' class=' answer'><span>Purchasing department.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160885[]' id='answer-id-652300' class='answer   answerof-160885 ' value='652300'   \/><label for='answer-id-652300' id='answer-label-652300' class=' answer'><span>Compliance department.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160885[]' id='answer-id-652301' class='answer   answerof-160885 ' value='652301'   \/><label for='answer-id-652301' id='answer-label-652301' class=' answer'><span>Credit department.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160885[]' id='answer-id-652302' class='answer   answerof-160885 ' value='652302'   \/><label for='answer-id-652302' id='answer-label-652302' class=' answer'><span>Internal audit department.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-160886'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>An internal auditor makes a series of observations when performing an analytical review of division operations. The auditor notes the following things: the current ratio is increasing and the quick ratio is decreasing, sales and current liabilities have remained constant, and the number of day sales in inventory is increasing. <br \/>\r<br>Which conclusion should the auditor draw from this data?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='160886' \/><input type='hidden' id='answerType160886' 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-160886[]' id='answer-id-652303' class='answer   answerof-160886 ' value='652303'   \/><label for='answer-id-652303' id='answer-label-652303' class=' answer'><span>Cash or accounts receivable has decreased.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160886[]' id='answer-id-652304' class='answer   answerof-160886 ' value='652304'   \/><label for='answer-id-652304' id='answer-label-652304' class=' answer'><span>The gross margin has decreased.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160886[]' id='answer-id-652305' class='answer   answerof-160886 ' value='652305'   \/><label for='answer-id-652305' id='answer-label-652305' class=' answer'><span>The division produced fewer items this year than in prior years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160886[]' id='answer-id-652306' class='answer   answerof-160886 ' value='652306'   \/><label for='answer-id-652306' id='answer-label-652306' class=' answer'><span>The gross margin has increased.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-160887'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>A staff auditor, nearly finished with an audit engagement, discovers that the director of marketing has a gambling habit. The gambling issue is not directly related to the existing engagement, and there is pressure to complete the current engagement. The auditor notes the problem and forwards the information to the chief audit executive, but performs no further follow-up. <br \/>\r<br>Which of the following statements is true about the auditor's actions?<\/div><input type='hidden' name='question_id[]' id='qID_46' value='160887' \/><input type='hidden' id='answerType160887' 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-160887[]' id='answer-id-652307' class='answer   answerof-160887 ' value='652307'   \/><label for='answer-id-652307' id='answer-label-652307' class=' answer'><span>They are in violation of the IIA Code of Ethics because the auditor withheld meaningful information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160887[]' id='answer-id-652308' class='answer   answerof-160887 ' value='652308'   \/><label for='answer-id-652308' id='answer-label-652308' class=' answer'><span>They are in violation of the Standards because the auditor did not properly follow up on a red flag that might indicate the existence of fraud.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160887[]' id='answer-id-652309' class='answer   answerof-160887 ' value='652309'   \/><label for='answer-id-652309' id='answer-label-652309' class=' answer'><span>They are in violation of neither the IIA Code of Ethics nor the Standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160887[]' id='answer-id-652310' class='answer   answerof-160887 ' value='652310'   \/><label for='answer-id-652310' id='answer-label-652310' class=' answer'><span>They are not in violation of the Standards but are in violation of the IIA Code of Ethics.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-160888'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>Which of the following scenarios would represent the greatest threat to the authority of the internal audit activity (IAA)?<\/div><input type='hidden' name='question_id[]' id='qID_47' value='160888' \/><input type='hidden' id='answerType160888' 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-160888[]' id='answer-id-652311' class='answer   answerof-160888 ' value='652311'   \/><label for='answer-id-652311' id='answer-label-652311' class=' answer'><span>A change was implemented requiring the IAA to report administratively to the organization's chief legal counsel rather than the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160888[]' id='answer-id-652312' class='answer   answerof-160888 ' value='652312'   \/><label for='answer-id-652312' id='answer-label-652312' class=' answer'><span>Responsibility for risk management processes were removed from the IAA and placed under a newly created chief risk officer.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160888[]' id='answer-id-652313' class='answer   answerof-160888 ' value='652313'   \/><label for='answer-id-652313' id='answer-label-652313' class=' answer'><span>The IAA was denied access to expenditure and budget requirement reports because the reports were considered to be financial administrative matters.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160888[]' id='answer-id-652314' class='answer   answerof-160888 ' value='652314'   \/><label for='answer-id-652314' id='answer-label-652314' class=' answer'><span>An internal auditor was informed by the chief financial officer that client survey results would be unfavorable unless the auditor changed a finding in the report.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-160889'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>Which of the following controls is not appropriate for sales in a manufacturing organization?<\/div><input type='hidden' name='question_id[]' id='qID_48' value='160889' \/><input type='hidden' id='answerType160889' 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-160889[]' id='answer-id-652315' class='answer   answerof-160889 ' value='652315'   \/><label for='answer-id-652315' id='answer-label-652315' class=' answer'><span>Customers' orders are recorded promptly.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160889[]' id='answer-id-652316' class='answer   answerof-160889 ' value='652316'   \/><label for='answer-id-652316' id='answer-label-652316' class=' answer'><span>Goods shipped are matched with valid customer orders.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160889[]' id='answer-id-652317' class='answer   answerof-160889 ' value='652317'   \/><label for='answer-id-652317' id='answer-label-652317' class=' answer'><span>Goods returned are inspected for damage by the receiving department for proper disposition.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160889[]' id='answer-id-652318' class='answer   answerof-160889 ' value='652318'   \/><label for='answer-id-652318' id='answer-label-652318' class=' answer'><span>Sales department approval is required for credit sales transactions.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-160890'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Maintain open and effective communications with the audit committee.<\/div><input type='hidden' name='question_id[]' id='qID_49' value='160890' \/><input type='hidden' id='answerType160890' 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-160890[]' id='answer-id-652319' class='answer   answerof-160890 ' value='652319'   \/><label for='answer-id-652319' id='answer-label-652319' class=' answer'><span>1 and 2 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160890[]' id='answer-id-652320' class='answer   answerof-160890 ' value='652320'   \/><label for='answer-id-652320' id='answer-label-652320' class=' answer'><span>3 and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160890[]' id='answer-id-652321' class='answer   answerof-160890 ' value='652321'   \/><label for='answer-id-652321' id='answer-label-652321' class=' answer'><span>1, 3, and 4 only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160890[]' id='answer-id-652322' class='answer   answerof-160890 ' value='652322'   \/><label for='answer-id-652322' id='answer-label-652322' class=' answer'><span>2, 3, and 4 only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-160891'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>A new chief audit executive (CAE) of a large internal audit activity (IAA) is dissatisfied with the current amount and quality of training being provided to the staff and wishes to implement improvements. <br \/>\r<br>According to IIA guidance, which of the following actions would best help the CAE reach this objective?<\/div><input type='hidden' name='question_id[]' id='qID_50' value='160891' \/><input type='hidden' id='answerType160891' 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-160891[]' id='answer-id-652323' class='answer   answerof-160891 ' value='652323'   \/><label for='answer-id-652323' id='answer-label-652323' class=' answer'><span>Require that all staff obtain a minimum of two relevant audit certifications.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160891[]' id='answer-id-652324' class='answer   answerof-160891 ' value='652324'   \/><label for='answer-id-652324' id='answer-label-652324' class=' answer'><span>Perform a gap analysis of the IAA's existing knowledge, skills and competencies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160891[]' id='answer-id-652325' class='answer   answerof-160891 ' value='652325'   \/><label for='answer-id-652325' id='answer-label-652325' class=' answer'><span>Engage a consultant to benchmark the IAA's training program against its peers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160891[]' id='answer-id-652326' class='answer   answerof-160891 ' value='652326'   \/><label for='answer-id-652326' id='answer-label-652326' class=' answer'><span>Assign one experienced manager to better coordinate staff training and development activities.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-51' style=';'><div id='questionWrap-51'  class='   watupro-question-id-160892'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>Which of the following is a preventive control?<\/div><input type='hidden' name='question_id[]' id='qID_51' value='160892' \/><input type='hidden' id='answerType160892' 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-160892[]' id='answer-id-652327' class='answer   answerof-160892 ' value='652327'   \/><label for='answer-id-652327' id='answer-label-652327' class=' answer'><span>Creating an audit trail.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160892[]' id='answer-id-652328' class='answer   answerof-160892 ' value='652328'   \/><label for='answer-id-652328' id='answer-label-652328' class=' answer'><span>Placing controls on physical access to inventory.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160892[]' id='answer-id-652329' class='answer   answerof-160892 ' value='652329'   \/><label for='answer-id-652329' id='answer-label-652329' class=' answer'><span>Reconciling purchase orders with approvals.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160892[]' id='answer-id-652330' class='answer   answerof-160892 ' value='652330'   \/><label for='answer-id-652330' id='answer-label-652330' class=' answer'><span>Reviewing expense accounts for irregularities.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-52' style=';'><div id='questionWrap-52'  class='   watupro-question-id-160893'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/span>Which of the following would most likely be considered a red flag for fraud?<\/div><input type='hidden' name='question_id[]' id='qID_52' value='160893' \/><input type='hidden' id='answerType160893' 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-160893[]' id='answer-id-652331' class='answer   answerof-160893 ' value='652331'   \/><label for='answer-id-652331' id='answer-label-652331' class=' answer'><span>An organization lacks a whistleblower hotline for reporting suspicious activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160893[]' id='answer-id-652332' class='answer   answerof-160893 ' value='652332'   \/><label for='answer-id-652332' id='answer-label-652332' class=' answer'><span>A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160893[]' id='answer-id-652333' class='answer   answerof-160893 ' value='652333'   \/><label for='answer-id-652333' id='answer-label-652333' class=' answer'><span>An employee in charge of payroll disbursements has rotated these duties with several colleagues.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160893[]' id='answer-id-652334' class='answer   answerof-160893 ' value='652334'   \/><label for='answer-id-652334' id='answer-label-652334' class=' answer'><span>An employee with significant personal debt is in charge of handling large wire transfers for the organization.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-53' style=';'><div id='questionWrap-53'  class='   watupro-question-id-160894'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/span>According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_53' value='160894' \/><input type='hidden' id='answerType160894' 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-160894[]' id='answer-id-652335' class='answer   answerof-160894 ' value='652335'   \/><label for='answer-id-652335' id='answer-label-652335' class=' answer'><span>The board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160894[]' id='answer-id-652336' class='answer   answerof-160894 ' value='652336'   \/><label for='answer-id-652336' id='answer-label-652336' class=' answer'><span>The chief audit executive.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160894[]' id='answer-id-652337' class='answer   answerof-160894 ' value='652337'   \/><label for='answer-id-652337' id='answer-label-652337' class=' answer'><span>Senior management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160894[]' id='answer-id-652338' class='answer   answerof-160894 ' value='652338'   \/><label for='answer-id-652338' id='answer-label-652338' class=' answer'><span>The external auditors.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-54' style=';'><div id='questionWrap-54'  class='   watupro-question-id-160895'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>Which of the following scenarios exemplifies a potential internal control weakness?<\/div><input type='hidden' name='question_id[]' id='qID_54' value='160895' \/><input type='hidden' id='answerType160895' 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-160895[]' id='answer-id-652339' class='answer   answerof-160895 ' value='652339'   \/><label for='answer-id-652339' id='answer-label-652339' class=' answer'><span>The same employee who receives cash from customers prepares a prelisting of cash receipts.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160895[]' id='answer-id-652340' class='answer   answerof-160895 ' value='652340'   \/><label for='answer-id-652340' id='answer-label-652340' class=' answer'><span>The same employee who records cash receipts in the accounts receivable subsidiary ledger ensures that the ledger automatically updates the information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160895[]' id='answer-id-652341' class='answer   answerof-160895 ' value='652341'   \/><label for='answer-id-652341' id='answer-label-652341' class=' answer'><span>The same employee who restrictively endorses checks received from customers prepares the bank's check deposit slips.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160895[]' id='answer-id-652342' class='answer   answerof-160895 ' value='652342'   \/><label for='answer-id-652342' id='answer-label-652342' class=' answer'><span>The same employee who makes deposits at the bank prepares the monthly bank reconciliation.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-55' style=';'><div id='questionWrap-55'  class='   watupro-question-id-160896'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/span>An internal auditor notes that employees are able to download files from the internet. <br \/>\r<br>According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?<\/div><input type='hidden' name='question_id[]' id='qID_55' value='160896' \/><input type='hidden' id='answerType160896' 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-160896[]' id='answer-id-652343' class='answer   answerof-160896 ' value='652343'   \/><label for='answer-id-652343' id='answer-label-652343' class=' answer'><span>Apply antivirus and patch management software.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160896[]' id='answer-id-652344' class='answer   answerof-160896 ' value='652344'   \/><label for='answer-id-652344' id='answer-label-652344' class=' answer'><span>Utilize dedicated and encrypted network connections.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160896[]' id='answer-id-652345' class='answer   answerof-160896 ' value='652345'   \/><label for='answer-id-652345' id='answer-label-652345' class=' answer'><span>Install a software inventory management application.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160896[]' id='answer-id-652346' class='answer   answerof-160896 ' value='652346'   \/><label for='answer-id-652346' id='answer-label-652346' class=' answer'><span>Utilize secure socket layer encryption.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-56' style=';'><div id='questionWrap-56'  class='   watupro-question-id-160897'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>56. <\/span>According to IIA guidance, which of the following statements regarding the internal audit charter is true?<\/div><input type='hidden' name='question_id[]' id='qID_56' value='160897' \/><input type='hidden' id='answerType160897' 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-160897[]' id='answer-id-652347' class='answer   answerof-160897 ' value='652347'   \/><label for='answer-id-652347' id='answer-label-652347' class=' answer'><span>Senior management should approve the charter before it is submitted to the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160897[]' id='answer-id-652348' class='answer   answerof-160897 ' value='652348'   \/><label for='answer-id-652348' id='answer-label-652348' class=' answer'><span>The charter should describe the purpose and authority of the internal audit activity, consistent with the Standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160897[]' id='answer-id-652349' class='answer   answerof-160897 ' value='652349'   \/><label for='answer-id-652349' id='answer-label-652349' class=' answer'><span>The charter should define the consulting services that the internal audit activity is permitted to perform.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160897[]' id='answer-id-652350' class='answer   answerof-160897 ' value='652350'   \/><label for='answer-id-652350' id='answer-label-652350' class=' answer'><span>The CEO periodically should assess whether the terms of the charter continue to be adequate.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-57' style=';'><div id='questionWrap-57'  class='   watupro-question-id-160898'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>57. <\/span>Which of the following is an example of a transaction-level control?<\/div><input type='hidden' name='question_id[]' id='qID_57' value='160898' \/><input type='hidden' id='answerType160898' 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-160898[]' id='answer-id-652351' class='answer   answerof-160898 ' value='652351'   \/><label for='answer-id-652351' id='answer-label-652351' class=' answer'><span>Human resource policies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160898[]' id='answer-id-652352' class='answer   answerof-160898 ' value='652352'   \/><label for='answer-id-652352' id='answer-label-652352' class=' answer'><span>Tone at the top.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160898[]' id='answer-id-652353' class='answer   answerof-160898 ' value='652353'   \/><label for='answer-id-652353' id='answer-label-652353' class=' answer'><span>Reconciliations of primary accounts.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160898[]' id='answer-id-652354' class='answer   answerof-160898 ' value='652354'   \/><label for='answer-id-652354' id='answer-label-652354' class=' answer'><span>Inventory counts.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-58' style=';'><div id='questionWrap-58'  class='   watupro-question-id-160899'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>58. <\/span>Why is a code of ethics for the internal audit profession necessary?<\/div><input type='hidden' name='question_id[]' id='qID_58' value='160899' \/><input type='hidden' id='answerType160899' 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-160899[]' id='answer-id-652355' class='answer   answerof-160899 ' value='652355'   \/><label for='answer-id-652355' id='answer-label-652355' class=' answer'><span>It ensures that all members of the profession possess the same level of competence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160899[]' id='answer-id-652356' class='answer   answerof-160899 ' value='652356'   \/><label for='answer-id-652356' id='answer-label-652356' class=' answer'><span>It provides auditors with protection from lawsuits.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160899[]' id='answer-id-652357' class='answer   answerof-160899 ' value='652357'   \/><label for='answer-id-652357' id='answer-label-652357' class=' answer'><span>It guides internal auditors in their service to others.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160899[]' id='answer-id-652358' class='answer   answerof-160899 ' value='652358'   \/><label for='answer-id-652358' id='answer-label-652358' class=' answer'><span>It requires auditors to exhibit loyalty to their organizations.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-59' style=';'><div id='questionWrap-59'  class='   watupro-question-id-160900'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>59. <\/span>Management has asked the chief audit executive (CAE) to provide assurance on the organization's automated control system related to financial data. The current audit staff does not have the expertise needed to conduct this type of engagement. <br \/>\r<br>Which of the following would be the best response by the CAE?<\/div><input type='hidden' name='question_id[]' id='qID_59' value='160900' \/><input type='hidden' id='answerType160900' 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-160900[]' id='answer-id-652359' class='answer   answerof-160900 ' value='652359'   \/><label for='answer-id-652359' id='answer-label-652359' class=' answer'><span>Accept the assignment and use control self-assessment to complete the project.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160900[]' id='answer-id-652360' class='answer   answerof-160900 ' value='652360'   \/><label for='answer-id-652360' id='answer-label-652360' class=' answer'><span>Do not accept the assignment because the internal audit activity lacks the competency to perform the engagement with due professional care.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160900[]' id='answer-id-652361' class='answer   answerof-160900 ' value='652361'   \/><label for='answer-id-652361' id='answer-label-652361' class=' answer'><span>Accept the assignment and use an external provider with the necessary knowledge and skills to perform the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160900[]' id='answer-id-652362' class='answer   answerof-160900 ' value='652362'   \/><label for='answer-id-652362' id='answer-label-652362' class=' answer'><span>Accept the assignment if the engagement is included in the current audit plan, but inform senior management that the current audit staff does not have the knowledge and skills required.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-60' style=';'><div id='questionWrap-60'  class='   watupro-question-id-160901'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>60. <\/span>During an account receivables audit, an internal auditor found a significant number of input errors resulting in a $500, 000 balance understatement. <br \/>\r<br>Which of the following is the most important question the internal auditor should ask to develop an appropriate recommendation for this finding?<\/div><input type='hidden' name='question_id[]' id='qID_60' value='160901' \/><input type='hidden' id='answerType160901' 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-160901[]' id='answer-id-652363' class='answer   answerof-160901 ' value='652363'   \/><label for='answer-id-652363' id='answer-label-652363' class=' answer'><span>Who?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160901[]' id='answer-id-652364' class='answer   answerof-160901 ' value='652364'   \/><label for='answer-id-652364' id='answer-label-652364' class=' answer'><span>How?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160901[]' id='answer-id-652365' class='answer   answerof-160901 ' value='652365'   \/><label for='answer-id-652365' id='answer-label-652365' class=' answer'><span>Why?<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160901[]' id='answer-id-652366' class='answer   answerof-160901 ' value='652366'   \/><label for='answer-id-652366' id='answer-label-652366' class=' answer'><span>When?<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-61' style=';'><div id='questionWrap-61'  class='   watupro-question-id-160902'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>61. <\/span>Which of the following is not a role of the internal audit activity in facilitating risk identification and evaluation?<\/div><input type='hidden' name='question_id[]' id='qID_61' value='160902' \/><input type='hidden' id='answerType160902' 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-160902[]' id='answer-id-652367' class='answer   answerof-160902 ' value='652367'   \/><label for='answer-id-652367' id='answer-label-652367' class=' answer'><span>Evaluating risk management processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160902[]' id='answer-id-652368' class='answer   answerof-160902 ' value='652368'   \/><label for='answer-id-652368' id='answer-label-652368' class=' answer'><span>Recommending accountability for risk management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160902[]' id='answer-id-652369' class='answer   answerof-160902 ' value='652369'   \/><label for='answer-id-652369' id='answer-label-652369' class=' answer'><span>Providing assurance that risks are evaluated correctly.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160902[]' id='answer-id-652370' class='answer   answerof-160902 ' value='652370'   \/><label for='answer-id-652370' id='answer-label-652370' class=' answer'><span>Supporting managers to identify ways to mitigate risks.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-62' style=';'><div id='questionWrap-62'  class='   watupro-question-id-160903'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>62. <\/span>An internal auditor for a large retail chain suspects that a store manager has been stealing money from cash sales by listing the sales as accounts receivable and then writing off the accounts as bad debts. <br \/>\r<br>Which of the following irregularities is the most likely cause of the auditor's suspicion?<\/div><input type='hidden' name='question_id[]' id='qID_62' value='160903' \/><input type='hidden' id='answerType160903' 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-160903[]' id='answer-id-652371' class='answer   answerof-160903 ' value='652371'   \/><label for='answer-id-652371' id='answer-label-652371' class=' answer'><span>A much higher bad debt expense as a percentage of sales than that of previous years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160903[]' id='answer-id-652372' class='answer   answerof-160903 ' value='652372'   \/><label for='answer-id-652372' id='answer-label-652372' class=' answer'><span>A much higher bad debt expense as a percentage of sales than that of other stores.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160903[]' id='answer-id-652373' class='answer   answerof-160903 ' value='652373'   \/><label for='answer-id-652373' id='answer-label-652373' class=' answer'><span>A much higher percentage of past-due accounts receivable than that of other stores.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160903[]' id='answer-id-652374' class='answer   answerof-160903 ' value='652374'   \/><label for='answer-id-652374' id='answer-label-652374' class=' answer'><span>A much higher percentage of past-due accounts receivable than that of previous years.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-63' style=';'><div id='questionWrap-63'  class='   watupro-question-id-160904'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>63. <\/span>The chief audit executive (CAE) of a mid-sized pharmaceutical organization has operational responsibility for the regulatory compliance function. The audit committee requests an assessment of regulatory compliance. <br \/>\r<br>According to IIA guidance, which of the following is the CAE's best course of action?<\/div><input type='hidden' name='question_id[]' id='qID_63' value='160904' \/><input type='hidden' id='answerType160904' 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-160904[]' id='answer-id-652375' class='answer   answerof-160904 ' value='652375'   \/><label for='answer-id-652375' id='answer-label-652375' class=' answer'><span>Have a proficient internal audit staff member perform the assessment and disclose the impairment in the audit report and to the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160904[]' id='answer-id-652376' class='answer   answerof-160904 ' value='652376'   \/><label for='answer-id-652376' id='answer-label-652376' class=' answer'><span>Have a regulatory compliance staff member perform a self-assessment, to be reviewed by a proficient internal auditor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160904[]' id='answer-id-652377' class='answer   answerof-160904 ' value='652377'   \/><label for='answer-id-652377' id='answer-label-652377' class=' answer'><span>Have a proficient internal audit staff member perform the audit and report the results of the assessment directly to senior management and the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160904[]' id='answer-id-652378' class='answer   answerof-160904 ' value='652378'   \/><label for='answer-id-652378' id='answer-label-652378' class=' answer'><span>Contract with a third-party entity or external auditor to complete the assessment and report the results to senior management and the board.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-64' style=';'><div id='questionWrap-64'  class='   watupro-question-id-160905'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>64. <\/span>Which of the following techniques would best assist an internal auditor in evaluating the efficiency of a wholesale grocery distributor`s process to fill and package orders for shipping?<\/div><input type='hidden' name='question_id[]' id='qID_64' value='160905' \/><input type='hidden' id='answerType160905' 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-160905[]' id='answer-id-652379' class='answer   answerof-160905 ' value='652379'   \/><label for='answer-id-652379' id='answer-label-652379' class=' answer'><span>A Bedford analysis of orders filled to average delivery times.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160905[]' id='answer-id-652380' class='answer   answerof-160905 ' value='652380'   \/><label for='answer-id-652380' id='answer-label-652380' class=' answer'><span>Decision trees rating actual performance against requirements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160905[]' id='answer-id-652381' class='answer   answerof-160905 ' value='652381'   \/><label for='answer-id-652381' id='answer-label-652381' class=' answer'><span>Queuing theory to assess potential bottlenecks in the process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160905[]' id='answer-id-652382' class='answer   answerof-160905 ' value='652382'   \/><label for='answer-id-652382' id='answer-label-652382' class=' answer'><span>A program evaluation and review technique chart.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-65' style=';'><div id='questionWrap-65'  class='   watupro-question-id-160906'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>65. <\/span>During an engagement, an internal auditor decided to use variance analysis as an auditing techniques. <br \/>\r<br>Which of the following steps should the auditor pursue if he discovers unexpected deviations of actual results from budget?<\/div><input type='hidden' name='question_id[]' id='qID_65' value='160906' \/><input type='hidden' id='answerType160906' 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-160906[]' id='answer-id-652383' class='answer   answerof-160906 ' value='652383'   \/><label for='answer-id-652383' id='answer-label-652383' class=' answer'><span>Report the deviations immediately to the audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160906[]' id='answer-id-652384' class='answer   answerof-160906 ' value='652384'   \/><label for='answer-id-652384' id='answer-label-652384' class=' answer'><span>Gather additional information to determine the cause of the deviations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160906[]' id='answer-id-652385' class='answer   answerof-160906 ' value='652385'   \/><label for='answer-id-652385' id='answer-label-652385' class=' answer'><span>Conclude that the budget was unreasonably set and accept the deviations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160906[]' id='answer-id-652386' class='answer   answerof-160906 ' value='652386'   \/><label for='answer-id-652386' id='answer-label-652386' class=' answer'><span>Perform alternative forms of analytical procedures which provide no deviations.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-66' style=';'><div id='questionWrap-66'  class='   watupro-question-id-160907'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>66. <\/span>The results of an internal audit activity's (IAA) quality assurance and improvement program are favorable and an external assessment was completed within the last five years. <br \/>\r<br>Which of the following statements may the IAA use to describe its work?<\/div><input type='hidden' name='question_id[]' id='qID_66' value='160907' \/><input type='hidden' id='answerType160907' 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-160907[]' id='answer-id-652387' class='answer   answerof-160907 ' value='652387'   \/><label for='answer-id-652387' id='answer-label-652387' class=' answer'><span>&quot;Completed with the advance certification of the External Assessors Association for Auditing Review.&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160907[]' id='answer-id-652388' class='answer   answerof-160907 ' value='652388'   \/><label for='answer-id-652388' id='answer-label-652388' class=' answer'><span>&quot;Conforms with the International Standards for the Professional Practice of Internal Auditing.&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160907[]' id='answer-id-652389' class='answer   answerof-160907 ' value='652389'   \/><label for='answer-id-652389' id='answer-label-652389' class=' answer'><span>&quot;Certified 100% accuracy, per the International Standards of External Assessment.&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160907[]' id='answer-id-652390' class='answer   answerof-160907 ' value='652390'   \/><label for='answer-id-652390' id='answer-label-652390' class=' answer'><span>&quot;Compliant with all domestic and international legal statutes, and certified quality assured for ten years.&quot;<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-67' style=';'><div id='questionWrap-67'  class='   watupro-question-id-160908'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>67. <\/span>Which of the following risk management activities is most appropriate for an internal auditor to undertake?<\/div><input type='hidden' name='question_id[]' id='qID_67' value='160908' \/><input type='hidden' id='answerType160908' 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-160908[]' id='answer-id-652391' class='answer   answerof-160908 ' value='652391'   \/><label for='answer-id-652391' id='answer-label-652391' class=' answer'><span>Impose risk management processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160908[]' id='answer-id-652392' class='answer   answerof-160908 ' value='652392'   \/><label for='answer-id-652392' id='answer-label-652392' class=' answer'><span>Coordinate risk management activities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160908[]' id='answer-id-652393' class='answer   answerof-160908 ' value='652393'   \/><label for='answer-id-652393' id='answer-label-652393' class=' answer'><span>Implement risk responses on management's behalf.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160908[]' id='answer-id-652394' class='answer   answerof-160908 ' value='652394'   \/><label for='answer-id-652394' id='answer-label-652394' class=' answer'><span>Review the management of key risks.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-68' style=';'><div id='questionWrap-68'  class='   watupro-question-id-160909'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>68. <\/span>An internal auditor finds during an engagement that payment for the organization's general insurance policy is two months overdue. The issue is informally mentioned to the finance department which immediately submits the invoice for payment. The auditor decides to <br \/>\r<br>exclude this finding from the final audit report as the oversight was immediately corrected and there were no consequences because of this late payment. <br \/>\r<br>Which of the following rules of conduct as described in the IIA Code of Ethics, did the auditor fail to uphold?<\/div><input type='hidden' name='question_id[]' id='qID_68' value='160909' \/><input type='hidden' id='answerType160909' 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-160909[]' id='answer-id-652395' class='answer   answerof-160909 ' value='652395'   \/><label for='answer-id-652395' id='answer-label-652395' class=' answer'><span>Confidentiality.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160909[]' id='answer-id-652396' class='answer   answerof-160909 ' value='652396'   \/><label for='answer-id-652396' id='answer-label-652396' class=' answer'><span>Objectivity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160909[]' id='answer-id-652397' class='answer   answerof-160909 ' value='652397'   \/><label for='answer-id-652397' id='answer-label-652397' class=' answer'><span>Integrity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160909[]' id='answer-id-652398' class='answer   answerof-160909 ' value='652398'   \/><label for='answer-id-652398' id='answer-label-652398' class=' answer'><span>Competency.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-69' style=';'><div id='questionWrap-69'  class='   watupro-question-id-160910'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>69. <\/span>While reviewing the workpapers of a new auditor, the auditor in charge discovered that additional audit procedures might be necessary. <br \/>\r<br>According to IIA guidance, which of the following would be most relevant for the auditor in charge to consider when making this decision?<\/div><input type='hidden' name='question_id[]' id='qID_69' value='160910' \/><input type='hidden' id='answerType160910' 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-160910[]' id='answer-id-652399' class='answer   answerof-160910 ' value='652399'   \/><label for='answer-id-652399' id='answer-label-652399' class=' answer'><span>Resource management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160910[]' id='answer-id-652400' class='answer   answerof-160910 ' value='652400'   \/><label for='answer-id-652400' id='answer-label-652400' class=' answer'><span>Coordination.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160910[]' id='answer-id-652401' class='answer   answerof-160910 ' value='652401'   \/><label for='answer-id-652401' id='answer-label-652401' class=' answer'><span>Due professional care.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160910[]' id='answer-id-652402' class='answer   answerof-160910 ' value='652402'   \/><label for='answer-id-652402' id='answer-label-652402' class=' answer'><span>Engagement supervision.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-70' style=';'><div id='questionWrap-70'  class='   watupro-question-id-160911'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>70. <\/span>Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?<\/div><input type='hidden' name='question_id[]' id='qID_70' value='160911' \/><input type='hidden' id='answerType160911' 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-160911[]' id='answer-id-652403' class='answer   answerof-160911 ' value='652403'   \/><label for='answer-id-652403' id='answer-label-652403' class=' answer'><span>Analytical review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160911[]' id='answer-id-652404' class='answer   answerof-160911 ' value='652404'   \/><label for='answer-id-652404' id='answer-label-652404' class=' answer'><span>Inquiry.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160911[]' id='answer-id-652405' class='answer   answerof-160911 ' value='652405'   \/><label for='answer-id-652405' id='answer-label-652405' class=' answer'><span>Document verification.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160911[]' id='answer-id-652406' class='answer   answerof-160911 ' value='652406'   \/><label for='answer-id-652406' id='answer-label-652406' class=' answer'><span>Observation.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-71' style=';'><div id='questionWrap-71'  class='   watupro-question-id-160912'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>71. <\/span>An internal auditor is reviewing employee travel data to identify opportunities to cut costs while ensuring adequate participation at conferences to support the organization's mission. <br \/>\r<br>Which of the following pieces of evidence would be sufficient for completing this task?<\/div><input type='hidden' name='question_id[]' id='qID_71' value='160912' \/><input type='hidden' id='answerType160912' 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-160912[]' id='answer-id-652407' class='answer   answerof-160912 ' value='652407'   \/><label for='answer-id-652407' id='answer-label-652407' class=' answer'><span>A log from the last year that includes dates of travel, conference titles, and conference objectives, all of which correspond with employee names and costs per trip.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160912[]' id='answer-id-652408' class='answer   answerof-160912 ' value='652408'   \/><label for='answer-id-652408' id='answer-label-652408' class=' answer'><span>A log that includes titles of conferences that all employees were invited to attend in the last year, along with the dates of those conferences and average costs per traveler.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160912[]' id='answer-id-652409' class='answer   answerof-160912 ' value='652409'   \/><label for='answer-id-652409' id='answer-label-652409' class=' answer'><span>A log of conferences titles, dates of travel for each employee, and a detailed summary of conference objectives and how they relate to the organization's mission needs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160912[]' id='answer-id-652410' class='answer   answerof-160912 ' value='652410'   \/><label for='answer-id-652410' id='answer-label-652410' class=' answer'><span>A log of employee travel requests, which include the title of each conference, the conference objectives, anticipated dates of travel, and estimated costs.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-72' style=';'><div id='questionWrap-72'  class='   watupro-question-id-160913'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>72. <\/span>Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?<\/div><input type='hidden' name='question_id[]' id='qID_72' value='160913' \/><input type='hidden' id='answerType160913' 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-160913[]' id='answer-id-652411' class='answer   answerof-160913 ' value='652411'   \/><label for='answer-id-652411' id='answer-label-652411' class=' answer'><span>Because management requires the review to measure effectiveness of the internal audit activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160913[]' id='answer-id-652412' class='answer   answerof-160913 ' value='652412'   \/><label for='answer-id-652412' id='answer-label-652412' class=' answer'><span>So that the individual objectivity of the internal audit staff can be more clearly established.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160913[]' id='answer-id-652413' class='answer   answerof-160913 ' value='652413'   \/><label for='answer-id-652413' id='answer-label-652413' class=' answer'><span>So that there is assurance of the internal audit staff's proficiency to complete audit activities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160913[]' id='answer-id-652414' class='answer   answerof-160913 ' value='652414'   \/><label for='answer-id-652414' id='answer-label-652414' class=' answer'><span>Because changes in the organization may impair the internal audit activity's ability to meet its objectives.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-73' style=';'><div id='questionWrap-73'  class='   watupro-question-id-160914'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>73. <\/span>While attending a conference, an internal auditor won an all-expense paid trip sponsored <br \/>\r<br>by a vendor of the internal auditor's organization. <br \/>\r<br>Which of the following actions are most appropriate for the auditor to take?<\/div><input type='hidden' name='question_id[]' id='qID_73' value='160914' \/><input type='hidden' id='answerType160914' 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-160914[]' id='answer-id-652415' class='answer   answerof-160914 ' value='652415'   \/><label for='answer-id-652415' id='answer-label-652415' class=' answer'><span>Consult with an immediate supervisor and notify the organization's audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160914[]' id='answer-id-652416' class='answer   answerof-160914 ' value='652416'   \/><label for='answer-id-652416' id='answer-label-652416' class=' answer'><span>Consult with an immediate supervisor and review the organization's ethics policy.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160914[]' id='answer-id-652417' class='answer   answerof-160914 ' value='652417'   \/><label for='answer-id-652417' id='answer-label-652417' class=' answer'><span>Give the prize to a friend or family member and notitfy the organization's audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160914[]' id='answer-id-652418' class='answer   answerof-160914 ' value='652418'   \/><label for='answer-id-652418' id='answer-label-652418' class=' answer'><span>Give the prize to a friend or family member and review the organization's ethics policy.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-74' style=';'><div id='questionWrap-74'  class='   watupro-question-id-160915'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>74. <\/span>The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards. <br \/>\r<br>To address this concern, which of the following actions is most appropriate for the CAE to take?<\/div><input type='hidden' name='question_id[]' id='qID_74' value='160915' \/><input type='hidden' id='answerType160915' 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-160915[]' id='answer-id-652419' class='answer   answerof-160915 ' value='652419'   \/><label for='answer-id-652419' id='answer-label-652419' class=' answer'><span>The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160915[]' id='answer-id-652420' class='answer   answerof-160915 ' value='652420'   \/><label for='answer-id-652420' id='answer-label-652420' class=' answer'><span>The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160915[]' id='answer-id-652421' class='answer   answerof-160915 ' value='652421'   \/><label for='answer-id-652421' id='answer-label-652421' class=' answer'><span>The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160915[]' id='answer-id-652422' class='answer   answerof-160915 ' value='652422'   \/><label for='answer-id-652422' id='answer-label-652422' class=' answer'><span>The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IA<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-75' style=';'><div id='questionWrap-75'  class='   watupro-question-id-160916'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>75. <\/span>End user security is inadvertently granted to an unauthorized individual by management.<\/div><input type='hidden' name='question_id[]' id='qID_75' value='160916' \/><input type='hidden' id='answerType160916' 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-160916[]' id='answer-id-652423' class='answer   answerof-160916 ' value='652423'   \/><label for='answer-id-652423' id='answer-label-652423' class=' answer'><span>1 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160916[]' id='answer-id-652424' class='answer   answerof-160916 ' value='652424'   \/><label for='answer-id-652424' id='answer-label-652424' class=' answer'><span>1 and 4.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160916[]' id='answer-id-652425' class='answer   answerof-160916 ' value='652425'   \/><label for='answer-id-652425' id='answer-label-652425' class=' answer'><span>2 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160916[]' id='answer-id-652426' class='answer   answerof-160916 ' value='652426'   \/><label for='answer-id-652426' id='answer-label-652426' class=' answer'><span>2 and 4.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-76' style=';'><div id='questionWrap-76'  class='   watupro-question-id-160917'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>76. <\/span>Which of the following would be considered a preventive control?<\/div><input type='hidden' name='question_id[]' id='qID_76' value='160917' \/><input type='hidden' id='answerType160917' 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-160917[]' id='answer-id-652427' class='answer   answerof-160917 ' value='652427'   \/><label for='answer-id-652427' id='answer-label-652427' class=' answer'><span>A library control log.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160917[]' id='answer-id-652428' class='answer   answerof-160917 ' value='652428'   \/><label for='answer-id-652428' id='answer-label-652428' class=' answer'><span>A review of exception reports.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160917[]' id='answer-id-652429' class='answer   answerof-160917 ' value='652429'   \/><label for='answer-id-652429' id='answer-label-652429' class=' answer'><span>A password lock on a server.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-160917[]' id='answer-id-652430' class='answer   answerof-160917 ' value='652430'   \/><label for='answer-id-652430' id='answer-label-652430' class=' answer'><span>A software scan of financial records for irregularities.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-77'>\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=\"watuPROButtons5016\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" 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