{"id":48604,"date":"2023-01-02T02:12:00","date_gmt":"2023-01-02T02:12:00","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=48604"},"modified":"2022-12-30T02:53:22","modified_gmt":"2022-12-30T02:53:22","slug":"essentials-of-internal-auditing-iia-cia-part1-dumps-updated-v12-02-for-learning","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/essentials-of-internal-auditing-iia-cia-part1-dumps-updated-v12-02-for-learning.html","title":{"rendered":"Essentials of Internal Auditing IIA-CIA-Part1 Dumps Updated (V12.02) For Learning"},"content":{"rendered":"\n<p>Choosing IIA-CIA-Part1 dumps is an effective way to prepare for the CIA Exam Part One: Essentials of Internal Auditing exam well. The updated IIA-CIA-Part1 dumps V12.02 of DumpsBase will make your preparation effective. The DumpsBase ensures that the IIA-CIA-Part1 dumps questions and answers will make you competent enough to crack the in-demand IIA Certified Internal Auditor(CIA) certification IIA-CIA-Part1 examination on the first attempt.<\/p>\n<h2>Come to check the IIA-CIA-Part1 free demo questions first:<\/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=\"submittingExam6814\" 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-6814\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-6814\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-244100'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following skills is most important for an internal auditor who facilitates control self-assessment workshops to possess?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='244100' \/><input type='hidden' id='answerType244100' 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-244100[]' id='answer-id-967435' class='answer   answerof-244100 ' value='967435'   \/><label for='answer-id-967435' id='answer-label-967435' class=' answer'><span>Groupthink.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244100[]' id='answer-id-967436' class='answer   answerof-244100 ' value='967436'   \/><label for='answer-id-967436' id='answer-label-967436' class=' answer'><span>Collaboration skills.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244100[]' id='answer-id-967437' class='answer   answerof-244100 ' value='967437'   \/><label for='answer-id-967437' id='answer-label-967437' class=' answer'><span>Process analysis skills.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244100[]' id='answer-id-967438' class='answer   answerof-244100 ' value='967438'   \/><label for='answer-id-967438' id='answer-label-967438' class=' answer'><span>Project management skills.<\/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-244101'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which of the following is an example of a detective control?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='244101' \/><input type='hidden' id='answerType244101' 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-244101[]' id='answer-id-967439' class='answer   answerof-244101 ' value='967439'   \/><label for='answer-id-967439' id='answer-label-967439' class=' answer'><span>Automatic shut-off valve.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244101[]' id='answer-id-967440' class='answer   answerof-244101 ' value='967440'   \/><label for='answer-id-967440' id='answer-label-967440' class=' answer'><span>Auto-correct software functionality.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244101[]' id='answer-id-967441' class='answer   answerof-244101 ' value='967441'   \/><label for='answer-id-967441' id='answer-label-967441' class=' answer'><span>Confirmation with suppliers and vendors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244101[]' id='answer-id-967442' class='answer   answerof-244101 ' value='967442'   \/><label for='answer-id-967442' id='answer-label-967442' class=' answer'><span>Safety instructions.<\/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-244102'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>The internal audit activity is asked to review the effectiveness of controls around the disposal of chemical waste. However, the internal auditors on staff lack the necessary skills to conduct this review. <br \/>\r<br>Which of the following would be the most appropriate approach?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='244102' \/><input type='hidden' id='answerType244102' 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-244102[]' id='answer-id-967443' class='answer   answerof-244102 ' value='967443'   \/><label for='answer-id-967443' id='answer-label-967443' class=' answer'><span>An internal auditor who recently attended a three-day workshop on chemical waste disposal, and therefore has the most knowledge on the topic, should lead the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244102[]' id='answer-id-967444' class='answer   answerof-244102 ' value='967444'   \/><label for='answer-id-967444' id='answer-label-967444' class=' answer'><span>A team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244102[]' id='answer-id-967445' class='answer   answerof-244102 ' value='967445'   \/><label for='answer-id-967445' id='answer-label-967445' class=' answer'><span>A team of the most knowledgeable auditors could be assembled and use the engagement work program from the previous year to gather additional insight regarding recommended audit procedures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244102[]' id='answer-id-967446' class='answer   answerof-244102 ' value='967446'   \/><label for='answer-id-967446' id='answer-label-967446' class=' answer'><span>A nonaudit employee from the chemical disposal area may share his expertise with the audit team, provided the internal audit manager conducts a detailed review of all \r\nengagement work performed.<\/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-244103'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following types of policies best helps promote objectivity in the interna! audit activity's work?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='244103' \/><input type='hidden' id='answerType244103' 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-244103[]' id='answer-id-967447' class='answer   answerof-244103 ' value='967447'   \/><label for='answer-id-967447' id='answer-label-967447' class=' answer'><span>Policies that are distributed to all members of the internal audit activity and require a signed acknowledgment,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244103[]' id='answer-id-967448' class='answer   answerof-244103 ' value='967448'   \/><label for='answer-id-967448' id='answer-label-967448' class=' answer'><span>Policies that match internal auditors' performance with feedback from management of the area under review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244103[]' id='answer-id-967449' class='answer   answerof-244103 ' value='967449'   \/><label for='answer-id-967449' id='answer-label-967449' class=' answer'><span>Policies that keep internal auditors in areas where they have vast audit expertise.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244103[]' id='answer-id-967450' class='answer   answerof-244103 ' value='967450'   \/><label for='answer-id-967450' id='answer-label-967450' class=' answer'><span>Policies that provide examples of inappropriate business relationships.<\/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-244104'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>The board of a newly established organization was discussing the contents of the draft internal audit charter One board member suggested adding to the charter an obligation for the internal audit activity to develop controls in business procedures. The board member explained that the new organization needs professional-level developers, internal auditors have the necessary skills and competencies, and the internal audit activity is well positioned to assume this responsibility. <br \/>\r<br>Which of the following would be a potential concern if the board member\u2019s suggestion is adopted?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='244104' \/><input type='hidden' id='answerType244104' 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-244104[]' id='answer-id-967451' class='answer   answerof-244104 ' value='967451'   \/><label for='answer-id-967451' id='answer-label-967451' class=' answer'><span>Due professional care.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244104[]' id='answer-id-967452' class='answer   answerof-244104 ' value='967452'   \/><label for='answer-id-967452' id='answer-label-967452' class=' answer'><span>Internal audit objectivity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244104[]' id='answer-id-967453' class='answer   answerof-244104 ' value='967453'   \/><label for='answer-id-967453' id='answer-label-967453' class=' answer'><span>Risk management assurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244104[]' id='answer-id-967454' class='answer   answerof-244104 ' value='967454'   \/><label for='answer-id-967454' id='answer-label-967454' class=' answer'><span>Professional development.<\/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-244105'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>According to the 11A Code of Ethics, which of the following is required with regard to communicating results?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='244105' \/><input type='hidden' id='answerType244105' 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-244105[]' id='answer-id-967455' class='answer   answerof-244105 ' value='967455'   \/><label for='answer-id-967455' id='answer-label-967455' class=' answer'><span>The internal auditor should present material information to appropriate personnel within the organization without revealing confidential matters that could be detrimental to the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244105[]' id='answer-id-967456' class='answer   answerof-244105 ' value='967456'   \/><label for='answer-id-967456' id='answer-label-967456' class=' answer'><span>The internal auditor should disclose all material information obtained by the date of the final engagement communication.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244105[]' id='answer-id-967457' class='answer   answerof-244105 ' value='967457'   \/><label for='answer-id-967457' id='answer-label-967457' class=' answer'><span>The internal auditor should obtain all material information within the established time and budget parameters.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244105[]' id='answer-id-967458' class='answer   answerof-244105 ' value='967458'   \/><label for='answer-id-967458' id='answer-label-967458' class=' answer'><span>The internal auditor should reveal material facts that could potentially distort the reporting of activities under review.<\/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-244106'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>A regional entertainment organization is in the process of developing a corporate social responsibility (CSR) policy. Management invites ideas from employees when developing the CSR policy. <br \/>\r<br>Which of the following is the most appropriate idea to include?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='244106' \/><input type='hidden' id='answerType244106' 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-244106[]' id='answer-id-967459' class='answer   answerof-244106 ' value='967459'   \/><label for='answer-id-967459' id='answer-label-967459' class=' answer'><span>Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with CS<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244106[]' id='answer-id-967460' class='answer   answerof-244106 ' value='967460'   \/><label for='answer-id-967460' id='answer-label-967460' class=' answer'><span>The board is responsible for ensuring that CSR objectives are established, risks are managed, performance is measured, and activities are appropriately monitored and reported.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244106[]' id='answer-id-967461' class='answer   answerof-244106 ' value='967461'   \/><label for='answer-id-967461' id='answer-label-967461' class=' answer'><span>Management is responsible for ensuring that the organization\u2019s CSR principles are communicated, understood, and integrated into decision-making processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244106[]' id='answer-id-967462' class='answer   answerof-244106 ' value='967462'   \/><label for='answer-id-967462' id='answer-label-967462' class=' answer'><span>Generally, CSR activities are limited to the management of the organization; thus, employees do not have a responsibility for ensuring the success of CSR objectives.<\/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-244107'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>Which of the following is most likely to be considered a control weakness?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='244107' \/><input type='hidden' id='answerType244107' 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-244107[]' id='answer-id-967463' class='answer   answerof-244107 ' value='967463'   \/><label for='answer-id-967463' id='answer-label-967463' class=' answer'><span>Vendor invoice payment requests are accompanied by a purchase order and receiving report.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244107[]' id='answer-id-967464' class='answer   answerof-244107 ' value='967464'   \/><label for='answer-id-967464' id='answer-label-967464' class=' answer'><span>Purchase orders are typed by the purchasing department using prenumbered forms.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244107[]' id='answer-id-967465' class='answer   answerof-244107 ' value='967465'   \/><label for='answer-id-967465' id='answer-label-967465' class=' answer'><span>Buyers promptly update the official vendor listing as new supplier sources become known.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244107[]' id='answer-id-967466' class='answer   answerof-244107 ' value='967466'   \/><label for='answer-id-967466' id='answer-label-967466' class=' answer'><span>Department managers initiate purchase requests that must be approved by the plant superintendent.<\/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-244108'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>An internal auditor is performing testing to gather evidence regarding an organization\u2019s inventory account balance and is mindful of the possibility that the sample used might support the conclusion that the recorded account balance is not materially misstated when, in fact, it is. The auditor's concern best describes which of the following risks?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='244108' \/><input type='hidden' id='answerType244108' 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-244108[]' id='answer-id-967467' class='answer   answerof-244108 ' value='967467'   \/><label for='answer-id-967467' id='answer-label-967467' class=' answer'><span>incorrect rejection risk<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244108[]' id='answer-id-967468' class='answer   answerof-244108 ' value='967468'   \/><label for='answer-id-967468' id='answer-label-967468' class=' answer'><span>Incorrect acceptance risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244108[]' id='answer-id-967469' class='answer   answerof-244108 ' value='967469'   \/><label for='answer-id-967469' id='answer-label-967469' class=' answer'><span>Tolerable misstatement risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244108[]' id='answer-id-967470' class='answer   answerof-244108 ' value='967470'   \/><label for='answer-id-967470' id='answer-label-967470' class=' answer'><span>Anticipated misstatement risk<\/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-244109'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='244109' \/><input type='hidden' id='answerType244109' 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-244109[]' id='answer-id-967471' class='answer   answerof-244109 ' value='967471'   \/><label for='answer-id-967471' id='answer-label-967471' class=' answer'><span>Internal assessments provide sufficient objectivity to provide evidence to the board that the internal audit activity understands the organization\u2019s control processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244109[]' id='answer-id-967472' class='answer   answerof-244109 ' value='967472'   \/><label for='answer-id-967472' id='answer-label-967472' class=' answer'><span>Quality assessments focus on the internal audit activity's structure, relationships with stakeholders, compliance with the Standards, and internal audit staff proficiency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244109[]' id='answer-id-967473' class='answer   answerof-244109 ' value='967473'   \/><label for='answer-id-967473' id='answer-label-967473' class=' answer'><span>In order to comply with the Standards, the internal audit activity must obtain an objective assessment of its processes and function at least once a year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244109[]' id='answer-id-967474' class='answer   answerof-244109 ' value='967474'   \/><label for='answer-id-967474' id='answer-label-967474' class=' answer'><span>Internal auditors completing internal assessments must demonstrate certification to perform quality assessments.<\/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-244110'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. <br \/>\r<br>Which of the following is the internal auditor's most appropriate next step?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='244110' \/><input type='hidden' id='answerType244110' 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-244110[]' id='answer-id-967475' class='answer   answerof-244110 ' value='967475'   \/><label for='answer-id-967475' id='answer-label-967475' class=' answer'><span>Immediately notify management of the area under review and the other internal auditors \r\ninvolved in the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244110[]' id='answer-id-967476' class='answer   answerof-244110 ' value='967476'   \/><label for='answer-id-967476' id='answer-label-967476' class=' answer'><span>Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244110[]' id='answer-id-967477' class='answer   answerof-244110 ' value='967477'   \/><label for='answer-id-967477' id='answer-label-967477' class=' answer'><span>Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244110[]' id='answer-id-967478' class='answer   answerof-244110 ' value='967478'   \/><label for='answer-id-967478' id='answer-label-967478' class=' answer'><span>Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.<\/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-244111'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='244111' \/><input type='hidden' id='answerType244111' 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-244111[]' id='answer-id-967479' class='answer   answerof-244111 ' value='967479'   \/><label for='answer-id-967479' id='answer-label-967479' class=' answer'><span>ISO 26000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244111[]' id='answer-id-967480' class='answer   answerof-244111 ' value='967480'   \/><label for='answer-id-967480' id='answer-label-967480' class=' answer'><span>Global Reporting Initiative.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244111[]' id='answer-id-967481' class='answer   answerof-244111 ' value='967481'   \/><label for='answer-id-967481' id='answer-label-967481' class=' answer'><span>Open Compliance and Ethics Group.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244111[]' id='answer-id-967482' class='answer   answerof-244111 ' value='967482'   \/><label for='answer-id-967482' id='answer-label-967482' class=' answer'><span>COSO\u2019s enterprise risk management framework<\/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-244112'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Senior management has decided to adopt the key principles approach of the ISO 31000 risk management framework. According to IIA guidance, which of the following principles is most appropriate when implementing the risk management process in a dynamic agency?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='244112' \/><input type='hidden' id='answerType244112' 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-244112[]' id='answer-id-967483' class='answer   answerof-244112 ' value='967483'   \/><label for='answer-id-967483' id='answer-label-967483' class=' answer'><span>Everyone in the agency has a primary responsibility for identifying and managing risks as part of the risk management process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244112[]' id='answer-id-967484' class='answer   answerof-244112 ' value='967484'   \/><label for='answer-id-967484' id='answer-label-967484' class=' answer'><span>The risk management process, while evaluating risk, should develop a mechanism to rank the relative importance of each risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244112[]' id='answer-id-967485' class='answer   answerof-244112 ' value='967485'   \/><label for='answer-id-967485' id='answer-label-967485' class=' answer'><span>The risk management process should be regularly reviewed and respond to changes in the environment, to remain relevant.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244112[]' id='answer-id-967486' class='answer   answerof-244112 ' value='967486'   \/><label for='answer-id-967486' id='answer-label-967486' class=' answer'><span>The risk management process should use a formal technique to consider the consequence and likelihood of each risk.<\/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-244113'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Which of the following procedures will best help an internal auditor assess operating effectiveness of fraud prevention and detection controls?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='244113' \/><input type='hidden' id='answerType244113' 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-244113[]' id='answer-id-967487' class='answer   answerof-244113 ' value='967487'   \/><label for='answer-id-967487' id='answer-label-967487' class=' answer'><span>Benchmarking best practices<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244113[]' id='answer-id-967488' class='answer   answerof-244113 ' value='967488'   \/><label for='answer-id-967488' id='answer-label-967488' class=' answer'><span>Testing,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244113[]' id='answer-id-967489' class='answer   answerof-244113 ' value='967489'   \/><label for='answer-id-967489' id='answer-label-967489' class=' answer'><span>Mapping,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244113[]' id='answer-id-967490' class='answer   answerof-244113 ' value='967490'   \/><label for='answer-id-967490' id='answer-label-967490' class=' answer'><span>Interviewing<\/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-244114'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='244114' \/><input type='hidden' id='answerType244114' 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-244114[]' id='answer-id-967491' class='answer   answerof-244114 ' value='967491'   \/><label for='answer-id-967491' id='answer-label-967491' class=' answer'><span>The organizational culture rewards critical and objective thinking.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244114[]' id='answer-id-967492' class='answer   answerof-244114 ' value='967492'   \/><label for='answer-id-967492' id='answer-label-967492' class=' answer'><span>The quality of work performed by the internal audit activity is periodically reviewed,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244114[]' id='answer-id-967493' class='answer   answerof-244114 ' value='967493'   \/><label for='answer-id-967493' id='answer-label-967493' class=' answer'><span>The organization establishes effective governing body oversight,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244114[]' id='answer-id-967494' class='answer   answerof-244114 ' value='967494'   \/><label for='answer-id-967494' id='answer-label-967494' class=' answer'><span>Audit assignments are rotated among internal audit staff<\/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-244115'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Identify and mitigate risks to help meet the CSR program objectives.<\/div><input type='hidden' name='question_id[]' id='qID_16' value='244115' \/><input type='hidden' id='answerType244115' 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-244115[]' id='answer-id-967495' class='answer   answerof-244115 ' value='967495'   \/><label for='answer-id-967495' id='answer-label-967495' class=' answer'><span>1,2, and 3,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244115[]' id='answer-id-967496' class='answer   answerof-244115 ' value='967496'   \/><label for='answer-id-967496' id='answer-label-967496' class=' answer'><span>1 2, and 4.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244115[]' id='answer-id-967497' class='answer   answerof-244115 ' value='967497'   \/><label for='answer-id-967497' id='answer-label-967497' class=' answer'><span>1, 3, and 4.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244115[]' id='answer-id-967498' class='answer   answerof-244115 ' value='967498'   \/><label for='answer-id-967498' id='answer-label-967498' class=' answer'><span>2, 3, and 4.<\/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-244116'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which of the following most accurately describes the role of the board when it comes to organizational governance?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='244116' \/><input type='hidden' id='answerType244116' 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-244116[]' id='answer-id-967499' class='answer   answerof-244116 ' value='967499'   \/><label for='answer-id-967499' id='answer-label-967499' class=' answer'><span>Responsibility for outcome of the process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244116[]' id='answer-id-967500' class='answer   answerof-244116 ' value='967500'   \/><label for='answer-id-967500' id='answer-label-967500' class=' answer'><span>Responsibility to be involved in management of the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244116[]' id='answer-id-967501' class='answer   answerof-244116 ' value='967501'   \/><label for='answer-id-967501' id='answer-label-967501' class=' answer'><span>Responsibility to determine who is accountable for outcomes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244116[]' id='answer-id-967502' class='answer   answerof-244116 ' value='967502'   \/><label for='answer-id-967502' id='answer-label-967502' class=' answer'><span>Responsibility to identify risks in the organization\u2019s business environment<\/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-244117'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that internal auditors exercised due professional care during the review?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='244117' \/><input type='hidden' id='answerType244117' 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-244117[]' id='answer-id-967503' class='answer   answerof-244117 ' value='967503'   \/><label for='answer-id-967503' id='answer-label-967503' class=' answer'><span>Internal auditors found no instances of double billing and concluded there were no significant risks in this area.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244117[]' id='answer-id-967504' class='answer   answerof-244117 ' value='967504'   \/><label for='answer-id-967504' id='answer-label-967504' class=' answer'><span>Internal auditors documented the scope and methodology of the data testing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244117[]' id='answer-id-967505' class='answer   answerof-244117 ' value='967505'   \/><label for='answer-id-967505' id='answer-label-967505' class=' answer'><span>Internal auditors discussed with management how data is safeguarded.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244117[]' id='answer-id-967506' class='answer   answerof-244117 ' value='967506'   \/><label for='answer-id-967506' id='answer-label-967506' class=' answer'><span>Internal auditors received formal performance feedback from the engagement supervisor.<\/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-244118'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>While conducting an engagement in the procurement department, the internal auditor noticed that the department head\u2019s travel reports showed minor travel expenses, and there were no charges for hotels, meals, or transportation. However, the auditor knew that the department head frequently traveled worldwide to meet with suppliers and visit their production sites. <br \/>\r<br>Which of the following would be the most appropriate next step for the auditor?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='244118' \/><input type='hidden' id='answerType244118' 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-244118[]' id='answer-id-967507' class='answer   answerof-244118 ' value='967507'   \/><label for='answer-id-967507' id='answer-label-967507' class=' answer'><span>The auditor should make a note of the issue for follow-up when employee travel expenses are audited.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244118[]' id='answer-id-967508' class='answer   answerof-244118 ' value='967508'   \/><label for='answer-id-967508' id='answer-label-967508' class=' answer'><span>The auditor should analyze trends and changes among the organization\u2019s suppliers over the past few years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244118[]' id='answer-id-967509' class='answer   answerof-244118 ' value='967509'   \/><label for='answer-id-967509' id='answer-label-967509' class=' answer'><span>The auditor should investigate whether there are any special arrangements regarding \r\nsenior management travel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244118[]' id='answer-id-967510' class='answer   answerof-244118 ' value='967510'   \/><label for='answer-id-967510' id='answer-label-967510' class=' answer'><span>The auditor should analyze the list of destinations the department head visited to estimate typical costs.<\/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-244119'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='244119' \/><input type='hidden' id='answerType244119' 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-244119[]' id='answer-id-967511' class='answer   answerof-244119 ' value='967511'   \/><label for='answer-id-967511' id='answer-label-967511' class=' answer'><span>The CAE previously undertook a consulting assignment in that area to improve processes,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244119[]' id='answer-id-967512' class='answer   answerof-244119 ' value='967512'   \/><label for='answer-id-967512' id='answer-label-967512' class=' answer'><span>A couple of years ago, the CAE performed accounting functions for the payroll department.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244119[]' id='answer-id-967513' class='answer   answerof-244119 ' value='967513'   \/><label for='answer-id-967513' id='answer-label-967513' class=' answer'><span>Prior to becoming the CAE, the CAE was the payroll manager.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244119[]' id='answer-id-967514' class='answer   answerof-244119 ' value='967514'   \/><label for='answer-id-967514' id='answer-label-967514' class=' answer'><span>The assurance review was initiated following issues identified during a consulting assignment requested by management.<\/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-244120'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization\u2019s <br \/>\r<br>records. <br \/>\r<br>4, Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services.<\/div><input type='hidden' name='question_id[]' id='qID_21' value='244120' \/><input type='hidden' id='answerType244120' 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-244120[]' id='answer-id-967515' class='answer   answerof-244120 ' value='967515'   \/><label for='answer-id-967515' id='answer-label-967515' class=' answer'><span>1 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244120[]' id='answer-id-967516' class='answer   answerof-244120 ' value='967516'   \/><label for='answer-id-967516' id='answer-label-967516' class=' answer'><span>1 and 4.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244120[]' id='answer-id-967517' class='answer   answerof-244120 ' value='967517'   \/><label for='answer-id-967517' id='answer-label-967517' class=' answer'><span>2 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244120[]' id='answer-id-967518' class='answer   answerof-244120 ' value='967518'   \/><label for='answer-id-967518' id='answer-label-967518' class=' answer'><span>2 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-244121'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Which of the following best describes the internal audit activity\u2019s responsibility within a risk and control framework?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='244121' \/><input type='hidden' id='answerType244121' 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-244121[]' id='answer-id-967519' class='answer   answerof-244121 ' value='967519'   \/><label for='answer-id-967519' id='answer-label-967519' class=' answer'><span>The internal audit activity constitutes the first line of defense in effective risk management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244121[]' id='answer-id-967520' class='answer   answerof-244121 ' value='967520'   \/><label for='answer-id-967520' id='answer-label-967520' class=' answer'><span>The internal audit activity provides direction regarding internal controls implementation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244121[]' id='answer-id-967521' class='answer   answerof-244121 ' value='967521'   \/><label for='answer-id-967521' id='answer-label-967521' class=' answer'><span>The internal audit activity verifies that management has met its responsibility for implementing effective controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244121[]' id='answer-id-967522' class='answer   answerof-244121 ' value='967522'   \/><label for='answer-id-967522' id='answer-label-967522' class=' answer'><span>The internal audit activity implements the internal control framework and advises management regarding best practices.<\/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-244122'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Operational management in the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings. This activity is designed to prevent which of the following conditions?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='244122' \/><input type='hidden' id='answerType244122' 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-244122[]' id='answer-id-967523' class='answer   answerof-244122 ' value='967523'   \/><label for='answer-id-967523' id='answer-label-967523' class=' answer'><span>Knowledge\/skills gap,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244122[]' id='answer-id-967524' class='answer   answerof-244122 ' value='967524'   \/><label for='answer-id-967524' id='answer-label-967524' class=' answer'><span>Monitoring gap.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244122[]' id='answer-id-967525' class='answer   answerof-244122 ' value='967525'   \/><label for='answer-id-967525' id='answer-label-967525' class=' answer'><span>Accountability\/reward failure,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244122[]' id='answer-id-967526' class='answer   answerof-244122 ' value='967526'   \/><label for='answer-id-967526' id='answer-label-967526' class=' answer'><span>Communication failure.<\/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-244123'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A chief audit executive (CAE) identifies that the internal audit activity lacks a necessary skill to perform a management request for a consulting engagement. According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='244123' \/><input type='hidden' id='answerType244123' 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-244123[]' id='answer-id-967527' class='answer   answerof-244123 ' value='967527'   \/><label for='answer-id-967527' id='answer-label-967527' class=' answer'><span>Assign the engagement to a more senior internal auditor.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244123[]' id='answer-id-967528' class='answer   answerof-244123 ' value='967528'   \/><label for='answer-id-967528' id='answer-label-967528' class=' answer'><span>Decline the engagement request.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244123[]' id='answer-id-967529' class='answer   answerof-244123 ' value='967529'   \/><label for='answer-id-967529' id='answer-label-967529' class=' answer'><span>Allow the internal auditors to acquire the needed skills while performing the engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244123[]' id='answer-id-967530' class='answer   answerof-244123 ' value='967530'   \/><label for='answer-id-967530' id='answer-label-967530' class=' answer'><span>Supervise the assigned internal auditors throughout the engagement.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-244124'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>During an assurance engagement, an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies. <br \/>\r<br>Which of the following skills did the auditor demonstrate?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='244124' \/><input type='hidden' id='answerType244124' 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-244124[]' id='answer-id-967531' class='answer   answerof-244124 ' value='967531'   \/><label for='answer-id-967531' id='answer-label-967531' class=' answer'><span>Internal audit management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244124[]' id='answer-id-967532' class='answer   answerof-244124 ' value='967532'   \/><label for='answer-id-967532' id='answer-label-967532' class=' answer'><span>Conflict negotiation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244124[]' id='answer-id-967533' class='answer   answerof-244124 ' value='967533'   \/><label for='answer-id-967533' id='answer-label-967533' class=' answer'><span>Critical thinking.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244124[]' id='answer-id-967534' class='answer   answerof-244124 ' value='967534'   \/><label for='answer-id-967534' id='answer-label-967534' class=' answer'><span>Persuasion and collaboration.<\/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-244125'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>According to IIA guidance, which of the following statements is true regarding reporting the results of the quality assurance and improvement program?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='244125' \/><input type='hidden' id='answerType244125' 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-244125[]' id='answer-id-967535' class='answer   answerof-244125 ' value='967535'   \/><label for='answer-id-967535' id='answer-label-967535' class=' answer'><span>Results of internal assessments need to be reported to the board at least once every five years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244125[]' id='answer-id-967536' class='answer   answerof-244125 ' value='967536'   \/><label for='answer-id-967536' id='answer-label-967536' class=' answer'><span>The external assessor must present the findings from the external assessment to senior management and the board upon completion.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244125[]' id='answer-id-967537' class='answer   answerof-244125 ' value='967537'   \/><label for='answer-id-967537' id='answer-label-967537' class=' answer'><span>Deficiencies within the internal audit activity must be reported to the board as soon as they are noted.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244125[]' id='answer-id-967538' class='answer   answerof-244125 ' value='967538'   \/><label for='answer-id-967538' id='answer-label-967538' class=' answer'><span>Results of ongoing monitoring of the internal audit activity's performance must be reported to senior management and the board at least annually<\/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-244126'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>A newly appointed chief audit executive (CAE) started analyzing the organization's policies in an attempt to customize them to address internal audit specifics. <br \/>\r<br>Which of the following organizationwide practices is most likely to be acceptable to the CAE?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='244126' \/><input type='hidden' id='answerType244126' 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-244126[]' id='answer-id-967539' class='answer   answerof-244126 ' value='967539'   \/><label for='answer-id-967539' id='answer-label-967539' class=' answer'><span>Internal auditors1performance evaluation is primarily based on both client satisfaction surveys and cost savings identified from the audits.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244126[]' id='answer-id-967540' class='answer   answerof-244126 ' value='967540'   \/><label for='answer-id-967540' id='answer-label-967540' class=' answer'><span>Standard training for each employee, including internal auditors, is 10 hours per year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244126[]' id='answer-id-967541' class='answer   answerof-244126 ' value='967541'   \/><label for='answer-id-967541' id='answer-label-967541' class=' answer'><span>To enhance efficiency, internal auditors should not be rotated regularly among engagements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244126[]' id='answer-id-967542' class='answer   answerof-244126 ' value='967542'   \/><label for='answer-id-967542' id='answer-label-967542' class=' answer'><span>Hiring practices include requiring potential auditors to disclose any significant stock ownership in the organization.<\/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-244127'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which of the following best describes the type of risk that an adequately designed and effectively operating system of internal controls should mitigate?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='244127' \/><input type='hidden' id='answerType244127' 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-244127[]' id='answer-id-967543' class='answer   answerof-244127 ' value='967543'   \/><label for='answer-id-967543' id='answer-label-967543' class=' answer'><span>Net.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244127[]' id='answer-id-967544' class='answer   answerof-244127 ' value='967544'   \/><label for='answer-id-967544' id='answer-label-967544' class=' answer'><span>Controllable.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244127[]' id='answer-id-967545' class='answer   answerof-244127 ' value='967545'   \/><label for='answer-id-967545' id='answer-label-967545' class=' answer'><span>inherent,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244127[]' id='answer-id-967546' class='answer   answerof-244127 ' value='967546'   \/><label for='answer-id-967546' id='answer-label-967546' class=' answer'><span>Residual.<\/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-244128'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping* She wonders whether they can also modify orders after shipping. <br \/>\r<br>Which of the following types of controls should she examine?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='244128' \/><input type='hidden' id='answerType244128' 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-244128[]' id='answer-id-967547' class='answer   answerof-244128 ' value='967547'   \/><label for='answer-id-967547' id='answer-label-967547' class=' answer'><span>Batch controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244128[]' id='answer-id-967548' class='answer   answerof-244128 ' value='967548'   \/><label for='answer-id-967548' id='answer-label-967548' class=' answer'><span>Application controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244128[]' id='answer-id-967549' class='answer   answerof-244128 ' value='967549'   \/><label for='answer-id-967549' id='answer-label-967549' class=' answer'><span>General IT controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244128[]' id='answer-id-967550' class='answer   answerof-244128 ' value='967550'   \/><label for='answer-id-967550' id='answer-label-967550' class=' answer'><span>Logical access controls<\/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-244129'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following factors is most important for internal auditors to consider when prioritizing fraud risks?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='244129' \/><input type='hidden' id='answerType244129' 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-244129[]' id='answer-id-967551' class='answer   answerof-244129 ' value='967551'   \/><label for='answer-id-967551' id='answer-label-967551' class=' answer'><span>The organization\u2019s code of conduct.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244129[]' id='answer-id-967552' class='answer   answerof-244129 ' value='967552'   \/><label for='answer-id-967552' id='answer-label-967552' class=' answer'><span>The organization\u2019s competition.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244129[]' id='answer-id-967553' class='answer   answerof-244129 ' value='967553'   \/><label for='answer-id-967553' id='answer-label-967553' class=' answer'><span>The organization\u2019s code of ethics.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244129[]' id='answer-id-967554' class='answer   answerof-244129 ' value='967554'   \/><label for='answer-id-967554' id='answer-label-967554' class=' answer'><span>The organization\u2019s culture<\/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-244130'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>In which of the following ways could stakeholders be engaged in corporate social responsibility efforts?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='244130' \/><input type='hidden' id='answerType244130' 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-244130[]' id='answer-id-967555' class='answer   answerof-244130 ' value='967555'   \/><label for='answer-id-967555' id='answer-label-967555' class=' answer'><span>Investigation of health and safety incidents.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244130[]' id='answer-id-967556' class='answer   answerof-244130 ' value='967556'   \/><label for='answer-id-967556' id='answer-label-967556' class=' answer'><span>Auditing of controls and management systems.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244130[]' id='answer-id-967557' class='answer   answerof-244130 ' value='967557'   \/><label for='answer-id-967557' id='answer-label-967557' class=' answer'><span>Communication of disclosures and external reporting,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244130[]' id='answer-id-967558' class='answer   answerof-244130 ' value='967558'   \/><label for='answer-id-967558' id='answer-label-967558' class=' answer'><span>Involvement in focus groups and complaint management<\/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-244131'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Who is responsible for ensuring internal auditors\u2019 continuing professional development?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='244131' \/><input type='hidden' id='answerType244131' 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-244131[]' id='answer-id-967559' class='answer   answerof-244131 ' value='967559'   \/><label for='answer-id-967559' id='answer-label-967559' class=' answer'><span>Individual internal auditors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244131[]' id='answer-id-967560' class='answer   answerof-244131 ' value='967560'   \/><label for='answer-id-967560' id='answer-label-967560' class=' answer'><span>Chief audit executive.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244131[]' id='answer-id-967561' class='answer   answerof-244131 ' value='967561'   \/><label for='answer-id-967561' id='answer-label-967561' class=' answer'><span>The board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244131[]' id='answer-id-967562' class='answer   answerof-244131 ' value='967562'   \/><label for='answer-id-967562' id='answer-label-967562' class=' answer'><span>Engagement supervisors.<\/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-244132'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>According to NA guidance, which of the following provides the best evidence of conformance with the Standards with respect to the proficiency required of the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='244132' \/><input type='hidden' id='answerType244132' 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-244132[]' id='answer-id-967563' class='answer   answerof-244132 ' value='967563'   \/><label for='answer-id-967563' id='answer-label-967563' class=' answer'><span>Discussions with the chief audit executive.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244132[]' id='answer-id-967564' class='answer   answerof-244132 ' value='967564'   \/><label for='answer-id-967564' id='answer-label-967564' class=' answer'><span>A listing of employee profiles and certifications.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244132[]' id='answer-id-967565' class='answer   answerof-244132 ' value='967565'   \/><label for='answer-id-967565' id='answer-label-967565' class=' answer'><span>Inquiry of external auditors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244132[]' id='answer-id-967566' class='answer   answerof-244132 ' value='967566'   \/><label for='answer-id-967566' id='answer-label-967566' class=' answer'><span>Validation by human resources.<\/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-244133'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>An internal auditor discovered fraud while performing an audit of an organization\u2019s procurement process. <br \/>\r<br>Which of the following describes the greatest benefit of using forensic auditing techniques in this scenario?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='244133' \/><input type='hidden' id='answerType244133' 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-244133[]' id='answer-id-967567' class='answer   answerof-244133 ' value='967567'   \/><label for='answer-id-967567' id='answer-label-967567' class=' answer'><span>Enhanced capability to prevent frauds from occurring.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244133[]' id='answer-id-967568' class='answer   answerof-244133 ' value='967568'   \/><label for='answer-id-967568' id='answer-label-967568' class=' answer'><span>Greater assurance that procurement frauds will be detected in a timely manner<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244133[]' id='answer-id-967569' class='answer   answerof-244133 ' value='967569'   \/><label for='answer-id-967569' id='answer-label-967569' class=' answer'><span>Improved capability of evaluating fraud risks within the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244133[]' id='answer-id-967570' class='answer   answerof-244133 ' value='967570'   \/><label for='answer-id-967570' id='answer-label-967570' class=' answer'><span>Greater understanding of fraud through better evidence collection<\/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-244134'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>An engagement supervisor obtains facilities maintenance reports from a contractor during an audit of third-party services. <br \/>\r<br>Which of the following is the source of authority for the engagement supervisor to make such contact outside the organization?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='244134' \/><input type='hidden' id='answerType244134' 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-244134[]' id='answer-id-967571' class='answer   answerof-244134 ' value='967571'   \/><label for='answer-id-967571' id='answer-label-967571' class=' answer'><span>The policies and procedures of the internal audit activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244134[]' id='answer-id-967572' class='answer   answerof-244134 ' value='967572'   \/><label for='answer-id-967572' id='answer-label-967572' class=' answer'><span>The provisions of the internal audit charter.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244134[]' id='answer-id-967573' class='answer   answerof-244134 ' value='967573'   \/><label for='answer-id-967573' id='answer-label-967573' class=' answer'><span>The authority of the CE<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244134[]' id='answer-id-967574' class='answer   answerof-244134 ' value='967574'   \/><label for='answer-id-967574' id='answer-label-967574' class=' answer'><span>The IIA's Code of Ethics.<\/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-244135'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which of the following is a true statement regarding whistleblowing?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='244135' \/><input type='hidden' id='answerType244135' 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-244135[]' id='answer-id-967575' class='answer   answerof-244135 ' value='967575'   \/><label for='answer-id-967575' id='answer-label-967575' class=' answer'><span>Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244135[]' id='answer-id-967576' class='answer   answerof-244135 ' value='967576'   \/><label for='answer-id-967576' id='answer-label-967576' class=' answer'><span>Whistleblowing programs help employees deal with ethical questions and instill ethical \r\nvalues into everyday behavior<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244135[]' id='answer-id-967577' class='answer   answerof-244135 ' value='967577'   \/><label for='answer-id-967577' id='answer-label-967577' class=' answer'><span>Whistleblowers are current or former employees who are disgruntled and looking to retaliate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244135[]' id='answer-id-967578' class='answer   answerof-244135 ' value='967578'   \/><label for='answer-id-967578' id='answer-label-967578' class=' answer'><span>Whistleblowers should inform the organization about actual criminal circumstances, not assumed allegations<\/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-244136'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following should a general internal auditor be able to characterize as an IT-related risk?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='244136' \/><input type='hidden' id='answerType244136' 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-244136[]' id='answer-id-967579' class='answer   answerof-244136 ' value='967579'   \/><label for='answer-id-967579' id='answer-label-967579' class=' answer'><span>Computer servers are in a room that is accessible to all employees,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244136[]' id='answer-id-967580' class='answer   answerof-244136 ' value='967580'   \/><label for='answer-id-967580' id='answer-label-967580' class=' answer'><span>An IT architect avoids taking vacations and sharing his workload with coworkers,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244136[]' id='answer-id-967581' class='answer   answerof-244136 ' value='967581'   \/><label for='answer-id-967581' id='answer-label-967581' class=' answer'><span>Hours billed by IT developers exceed 24 hours daily.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244136[]' id='answer-id-967582' class='answer   answerof-244136 ' value='967582'   \/><label for='answer-id-967582' id='answer-label-967582' class=' answer'><span>Audit logs are lacking in a system that processes personal data.<\/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-244137'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which of the following processes does the board manage to ensure adequate governance?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='244137' \/><input type='hidden' id='answerType244137' 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-244137[]' id='answer-id-967583' class='answer   answerof-244137 ' value='967583'   \/><label for='answer-id-967583' id='answer-label-967583' class=' answer'><span>Establish and measure performance objectives for the internal audit activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244137[]' id='answer-id-967584' class='answer   answerof-244137 ' value='967584'   \/><label for='answer-id-967584' id='answer-label-967584' class=' answer'><span>Select board members with necessary knowledge and skills.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244137[]' id='answer-id-967585' class='answer   answerof-244137 ' value='967585'   \/><label for='answer-id-967585' id='answer-label-967585' class=' answer'><span>Develop, approve, and execute the strategic plan of the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244137[]' id='answer-id-967586' class='answer   answerof-244137 ' value='967586'   \/><label for='answer-id-967586' id='answer-label-967586' class=' answer'><span>Develop strategies to mitigate the risks to achieving the organization\u2019s objectives<\/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-244138'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Which of the following could increase risks to the organization\u2019s control environment?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='244138' \/><input type='hidden' id='answerType244138' 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-244138[]' id='answer-id-967587' class='answer   answerof-244138 ' value='967587'   \/><label for='answer-id-967587' id='answer-label-967587' class=' answer'><span>Strong board of directors oversight.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244138[]' id='answer-id-967588' class='answer   answerof-244138 ' value='967588'   \/><label for='answer-id-967588' id='answer-label-967588' class=' answer'><span>Incentive-based compensation structures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244138[]' id='answer-id-967589' class='answer   answerof-244138 ' value='967589'   \/><label for='answer-id-967589' id='answer-label-967589' class=' answer'><span>Lower than average employee turnover.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244138[]' id='answer-id-967590' class='answer   answerof-244138 ' value='967590'   \/><label for='answer-id-967590' id='answer-label-967590' class=' answer'><span>Implementation of a fraud hotline.<\/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-244139'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>A snow removal company is conducting a scenario planning exercise where participating employees consider the potential impacts of a significant reduction in annual snowfall for the coming winter. <br \/>\r<br>Which of the following best describes this type of risk?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='244139' \/><input type='hidden' id='answerType244139' 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-244139[]' id='answer-id-967591' class='answer   answerof-244139 ' value='967591'   \/><label for='answer-id-967591' id='answer-label-967591' class=' answer'><span>Residual.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244139[]' id='answer-id-967592' class='answer   answerof-244139 ' value='967592'   \/><label for='answer-id-967592' id='answer-label-967592' class=' answer'><span>Net.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244139[]' id='answer-id-967593' class='answer   answerof-244139 ' value='967593'   \/><label for='answer-id-967593' id='answer-label-967593' class=' answer'><span>Inherent.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244139[]' id='answer-id-967594' class='answer   answerof-244139 ' value='967594'   \/><label for='answer-id-967594' id='answer-label-967594' class=' answer'><span>Accepted.<\/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-244140'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>Which of the following would be the most effective fraud prevention control?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='244140' \/><input type='hidden' id='answerType244140' 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-244140[]' id='answer-id-967595' class='answer   answerof-244140 ' value='967595'   \/><label for='answer-id-967595' id='answer-label-967595' class=' answer'><span>Email alert sent to management for checks issued over $100,000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244140[]' id='answer-id-967596' class='answer   answerof-244140 ' value='967596'   \/><label for='answer-id-967596' id='answer-label-967596' class=' answer'><span>Installation of a video surveillance system in a warehouse prone to inventory loss.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244140[]' id='answer-id-967597' class='answer   answerof-244140 ' value='967597'   \/><label for='answer-id-967597' id='answer-label-967597' class=' answer'><span>New hire training to explain fraud and employee misconduct.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244140[]' id='answer-id-967598' class='answer   answerof-244140 ' value='967598'   \/><label for='answer-id-967598' id='answer-label-967598' class=' answer'><span>Daily report that identifies unsuccessful system log-in attempts<\/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-244141'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>Which of the following would be considered a monitoring activity in organization wide risk management?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='244141' \/><input type='hidden' id='answerType244141' 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-244141[]' id='answer-id-967599' class='answer   answerof-244141 ' value='967599'   \/><label for='answer-id-967599' id='answer-label-967599' class=' answer'><span>Validate the results of management's self-assessment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244141[]' id='answer-id-967600' class='answer   answerof-244141 ' value='967600'   \/><label for='answer-id-967600' id='answer-label-967600' class=' answer'><span>Perform reviews of personnel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244141[]' id='answer-id-967601' class='answer   answerof-244141 ' value='967601'   \/><label for='answer-id-967601' id='answer-label-967601' class=' answer'><span>Maintain rigorous and comprehensive documentation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244141[]' id='answer-id-967602' class='answer   answerof-244141 ' value='967602'   \/><label for='answer-id-967602' id='answer-label-967602' class=' answer'><span>Obtain authorizations and signatures.<\/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-244142'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Which of the following best describes the internal audit activity's contribution to the implementation of the risk management framework?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='244142' \/><input type='hidden' id='answerType244142' 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-244142[]' id='answer-id-967603' class='answer   answerof-244142 ' value='967603'   \/><label for='answer-id-967603' id='answer-label-967603' class=' answer'><span>Internal audit identifies key risk areas during assurance reviews and provides audit findings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244142[]' id='answer-id-967604' class='answer   answerof-244142 ' value='967604'   \/><label for='answer-id-967604' id='answer-label-967604' class=' answer'><span>Internal audit assists with the prioritization of identified risks.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244142[]' id='answer-id-967605' class='answer   answerof-244142 ' value='967605'   \/><label for='answer-id-967605' id='answer-label-967605' class=' answer'><span>Internal audit participates in setting the risk appetite.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244142[]' id='answer-id-967606' class='answer   answerof-244142 ' value='967606'   \/><label for='answer-id-967606' id='answer-label-967606' class=' answer'><span>Internal audit takes part in the design of risk mitigation measures.<\/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-244143'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>Which of the following must be in existence as a precondition to developing an effective system of internal controls?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='244143' \/><input type='hidden' id='answerType244143' 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-244143[]' id='answer-id-967607' class='answer   answerof-244143 ' value='967607'   \/><label for='answer-id-967607' id='answer-label-967607' class=' answer'><span>A monitoring process,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244143[]' id='answer-id-967608' class='answer   answerof-244143 ' value='967608'   \/><label for='answer-id-967608' id='answer-label-967608' class=' answer'><span>A risk assessment process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244143[]' id='answer-id-967609' class='answer   answerof-244143 ' value='967609'   \/><label for='answer-id-967609' id='answer-label-967609' class=' answer'><span>A strategic objective-setting process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244143[]' id='answer-id-967610' class='answer   answerof-244143 ' value='967610'   \/><label for='answer-id-967610' id='answer-label-967610' class=' answer'><span>An information and communication process.<\/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-244144'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='244144' \/><input type='hidden' id='answerType244144' 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-244144[]' id='answer-id-967611' class='answer   answerof-244144 ' value='967611'   \/><label for='answer-id-967611' id='answer-label-967611' class=' answer'><span>Evaluate how the organization manages fraud risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244144[]' id='answer-id-967612' class='answer   answerof-244144 ' value='967612'   \/><label for='answer-id-967612' id='answer-label-967612' class=' answer'><span>Establish procedures for improving risk management processes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244144[]' id='answer-id-967613' class='answer   answerof-244144 ' value='967613'   \/><label for='answer-id-967613' id='answer-label-967613' class=' answer'><span>Ensure risk responses are aligned with industry standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244144[]' id='answer-id-967614' class='answer   answerof-244144 ' value='967614'   \/><label for='answer-id-967614' id='answer-label-967614' class=' answer'><span>Verify that organizational objectives are aligned with each department\u2019s objectives.<\/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-244145'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?<\/div><input type='hidden' name='question_id[]' id='qID_46' value='244145' \/><input type='hidden' id='answerType244145' 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-244145[]' id='answer-id-967615' class='answer   answerof-244145 ' value='967615'   \/><label for='answer-id-967615' id='answer-label-967615' class=' answer'><span>Appoint the chief audit executive as a member of the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244145[]' id='answer-id-967616' class='answer   answerof-244145 ' value='967616'   \/><label for='answer-id-967616' id='answer-label-967616' class=' answer'><span>Adopt written policies and procedures for the internal audit activity, approved by the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244145[]' id='answer-id-967617' class='answer   answerof-244145 ' value='967617'   \/><label for='answer-id-967617' id='answer-label-967617' class=' answer'><span>Ensure the chief audit executive reports administratively to the audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244145[]' id='answer-id-967618' class='answer   answerof-244145 ' value='967618'   \/><label for='answer-id-967618' id='answer-label-967618' class=' answer'><span>Establish the internal audit activity\u2019s position within the organization in an audit charter.<\/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-244146'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_47' value='244146' \/><input type='hidden' id='answerType244146' 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-244146[]' id='answer-id-967619' class='answer   answerof-244146 ' value='967619'   \/><label for='answer-id-967619' id='answer-label-967619' class=' answer'><span>Planning an engagement of the area in which fraud is suspected.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244146[]' id='answer-id-967620' class='answer   answerof-244146 ' value='967620'   \/><label for='answer-id-967620' id='answer-label-967620' class=' answer'><span>Employing audit tests to detect fraud.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244146[]' id='answer-id-967621' class='answer   answerof-244146 ' value='967621'   \/><label for='answer-id-967621' id='answer-label-967621' class=' answer'><span>Interrogating a suspected fraudster<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244146[]' id='answer-id-967622' class='answer   answerof-244146 ' value='967622'   \/><label for='answer-id-967622' id='answer-label-967622' class=' answer'><span>Completing a process review to improve controls to prevent fraud<\/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-244147'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>Which of the following statements best demonstrates application of due professional care during an assurance engagement?<\/div><input type='hidden' name='question_id[]' id='qID_48' value='244147' \/><input type='hidden' id='answerType244147' 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-244147[]' id='answer-id-967623' class='answer   answerof-244147 ' value='967623'   \/><label for='answer-id-967623' id='answer-label-967623' class=' answer'><span>The engagement detected irregularities and noncompliance instances.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244147[]' id='answer-id-967624' class='answer   answerof-244147 ' value='967624'   \/><label for='answer-id-967624' id='answer-label-967624' class=' answer'><span>The engagement supervisor had no significant comments in the supervisory review.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244147[]' id='answer-id-967625' class='answer   answerof-244147 ' value='967625'   \/><label for='answer-id-967625' id='answer-label-967625' class=' answer'><span>The audit procedures were systematically planned, executed, and documented.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244147[]' id='answer-id-967626' class='answer   answerof-244147 ' value='967626'   \/><label for='answer-id-967626' id='answer-label-967626' class=' answer'><span>The engagement objectives were designed to assist the engagement client.<\/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-244148'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Which of the following statements best illustrates why internal auditors assess soft controls?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='244148' \/><input type='hidden' id='answerType244148' 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-244148[]' id='answer-id-967627' class='answer   answerof-244148 ' value='967627'   \/><label for='answer-id-967627' id='answer-label-967627' class=' answer'><span>Assessing soft controls are an effective method of assessing risk related to personnel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244148[]' id='answer-id-967628' class='answer   answerof-244148 ' value='967628'   \/><label for='answer-id-967628' id='answer-label-967628' class=' answer'><span>Assessing soft controls, as opposed to hard controls, makes it easier to evaluate operating effectiveness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244148[]' id='answer-id-967629' class='answer   answerof-244148 ' value='967629'   \/><label for='answer-id-967629' id='answer-label-967629' class=' answer'><span>Assessing soft controls can help internal auditors in undertaking root-cause analysis.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244148[]' id='answer-id-967630' class='answer   answerof-244148 ' value='967630'   \/><label for='answer-id-967630' id='answer-label-967630' class=' answer'><span>Assessing soft controls provides more objective information than assessing hard controls.<\/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-244149'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>An internal audit activity includes in its audit reports the assertion that its work is performed in conformance with the International Standards for the Professional Practice of Internal Auditing ( Standards). A recent external quality assessment concluded that the internal audit activity had substantial deficiencies that impact its overall operations. <br \/>\r<br>According to IIA guidance, which of the following is the most appropriate action for issuing future audit reports?<\/div><input type='hidden' name='question_id[]' id='qID_50' value='244149' \/><input type='hidden' id='answerType244149' 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-244149[]' id='answer-id-967631' class='answer   answerof-244149 ' value='967631'   \/><label for='answer-id-967631' id='answer-label-967631' class=' answer'><span>Refrain from indicating that the internal audit activity operates in conformance with the Standards until the chief audit executive confirms that the internal audit activity \r\nhas addressed all areas of nonconformance and the audit committee has been notified.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244149[]' id='answer-id-967632' class='answer   answerof-244149 ' value='967632'   \/><label for='answer-id-967632' id='answer-label-967632' class=' answer'><span>Refrain from indicating that the internal audit activity operates in conformance with the Standards until another external assessment confirms that the significant areas of nonconformance have been addressed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244149[]' id='answer-id-967633' class='answer   answerof-244149 ' value='967633'   \/><label for='answer-id-967633' id='answer-label-967633' class=' answer'><span>Indicate that the internal audit activity operates in partial conformance with the Standards t as the internal audit activity has a quality assurance and improvement program in place to address deficiencies and has met the requirement for conducting an external assessment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244149[]' id='answer-id-967634' class='answer   answerof-244149 ' value='967634'   \/><label for='answer-id-967634' id='answer-label-967634' class=' answer'><span>Update and reissue previous audit reports, removing the assertion that the internal audit activity operates in conformance with the Standards, and distribute them to ail parties who received the original reports.<\/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-244150'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>Management assessed the organization\u2019s risk of expanding operations into a new, but volatile, region and began looking for a compatible local partner to manage sales and distribution. <br \/>\r<br>Which of the following best describes this risk management technique?<\/div><input type='hidden' name='question_id[]' id='qID_51' value='244150' \/><input type='hidden' id='answerType244150' 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-244150[]' id='answer-id-967635' class='answer   answerof-244150 ' value='967635'   \/><label for='answer-id-967635' id='answer-label-967635' class=' answer'><span>Avoidance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244150[]' id='answer-id-967636' class='answer   answerof-244150 ' value='967636'   \/><label for='answer-id-967636' id='answer-label-967636' class=' answer'><span>Acceptance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244150[]' id='answer-id-967637' class='answer   answerof-244150 ' value='967637'   \/><label for='answer-id-967637' id='answer-label-967637' class=' answer'><span>Reduction.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244150[]' id='answer-id-967638' class='answer   answerof-244150 ' value='967638'   \/><label for='answer-id-967638' id='answer-label-967638' class=' answer'><span>Sharing<\/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-244151'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/span>For a new board chair who has not previously served on the organization's board, which of the following steps should first be undertaken to ensure effective leadership to the board?<\/div><input type='hidden' name='question_id[]' id='qID_52' value='244151' \/><input type='hidden' id='answerType244151' 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-244151[]' id='answer-id-967639' class='answer   answerof-244151 ' value='967639'   \/><label for='answer-id-967639' id='answer-label-967639' class=' answer'><span>Chair should learn the current organizational culture of the company.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244151[]' id='answer-id-967640' class='answer   answerof-244151 ' value='967640'   \/><label for='answer-id-967640' id='answer-label-967640' class=' answer'><span>Chair should learn the current risk management system of the company.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244151[]' id='answer-id-967641' class='answer   answerof-244151 ' value='967641'   \/><label for='answer-id-967641' id='answer-label-967641' class=' answer'><span>Chair should determine the appropriateness of the current strategic risks.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244151[]' id='answer-id-967642' class='answer   answerof-244151 ' value='967642'   \/><label for='answer-id-967642' id='answer-label-967642' class=' answer'><span>Chair should gain an understanding of the needs of key stakeholders.<\/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-244152'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/span>In which of the following situations may the internal audit activity report conformance with the Standards?<\/div><input type='hidden' name='question_id[]' id='qID_53' value='244152' \/><input type='hidden' id='answerType244152' 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-244152[]' id='answer-id-967643' class='answer   answerof-244152 ' value='967643'   \/><label for='answer-id-967643' id='answer-label-967643' class=' answer'><span>An internal audit activity has been in existence at least five years and has not completed an external assessment,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244152[]' id='answer-id-967644' class='answer   answerof-244152 ' value='967644'   \/><label for='answer-id-967644' id='answer-label-967644' class=' answer'><span>An internal auditor was assigned to an audit engagement but did not meet individual objectivity requirements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244152[]' id='answer-id-967645' class='answer   answerof-244152 ' value='967645'   \/><label for='answer-id-967645' id='answer-label-967645' class=' answer'><span>The internal audit activity prepared an internal audit plan that was not risk-based.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244152[]' id='answer-id-967646' class='answer   answerof-244152 ' value='967646'   \/><label for='answer-id-967646' id='answer-label-967646' class=' answer'><span>The internal audit activity has been in existence fewer than five years, but periodic self-assessments were conducted.<\/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-244153'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?<\/div><input type='hidden' name='question_id[]' id='qID_54' value='244153' \/><input type='hidden' id='answerType244153' 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-244153[]' id='answer-id-967647' class='answer   answerof-244153 ' value='967647'   \/><label for='answer-id-967647' id='answer-label-967647' class=' answer'><span>Regulators mandate specific audit engagements to be included in the audit plan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244153[]' id='answer-id-967648' class='answer   answerof-244153 ' value='967648'   \/><label for='answer-id-967648' id='answer-label-967648' class=' answer'><span>The internal audit activity reports functionally to the chief financial officer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244153[]' id='answer-id-967649' class='answer   answerof-244153 ' value='967649'   \/><label for='answer-id-967649' id='answer-label-967649' class=' answer'><span>The internal audit activity reports administratively to the CEO and functionally to the audit committee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244153[]' id='answer-id-967650' class='answer   answerof-244153 ' value='967650'   \/><label for='answer-id-967650' id='answer-label-967650' class=' answer'><span>The internal audit activity reports administratively to the chief financial officer.<\/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-244154'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/span>According to NA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_55' value='244154' \/><input type='hidden' id='answerType244154' 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-244154[]' id='answer-id-967651' class='answer   answerof-244154 ' value='967651'   \/><label for='answer-id-967651' id='answer-label-967651' class=' answer'><span>CAE reviews and approves the annual audit plan,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244154[]' id='answer-id-967652' class='answer   answerof-244154 ' value='967652'   \/><label for='answer-id-967652' id='answer-label-967652' class=' answer'><span>CAE meets privately with the CEO at least annually.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244154[]' id='answer-id-967653' class='answer   answerof-244154 ' value='967653'   \/><label for='answer-id-967653' id='answer-label-967653' class=' answer'><span>CAE meets privately with the board at least annually,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244154[]' id='answer-id-967654' class='answer   answerof-244154 ' value='967654'   \/><label for='answer-id-967654' id='answer-label-967654' class=' answer'><span>CAE reports to the board regarding audit staff performance evaluation and compensation.<\/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-244155'>\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='244155' \/><input type='hidden' id='answerType244155' 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-244155[]' id='answer-id-967655' class='answer   answerof-244155 ' value='967655'   \/><label for='answer-id-967655' id='answer-label-967655' class=' answer'><span>The nature of consulting services typically is not included in the charter.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244155[]' id='answer-id-967656' class='answer   answerof-244155 ' value='967656'   \/><label for='answer-id-967656' id='answer-label-967656' class=' answer'><span>The chief audit executive must formally review the charter at least once a year<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244155[]' id='answer-id-967657' class='answer   answerof-244155 ' value='967657'   \/><label for='answer-id-967657' id='answer-label-967657' class=' answer'><span>The nature of assurances provided to parties outside of the organization typically is not included in the charter.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244155[]' id='answer-id-967658' class='answer   answerof-244155 ' value='967658'   \/><label for='answer-id-967658' id='answer-label-967658' class=' answer'><span>The charter typically defines the internal audit activity's position within the organization.<\/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-244156'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>57. <\/span>While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. <br \/>\r<br>Which course of action should the auditor take?<\/div><input type='hidden' name='question_id[]' id='qID_57' value='244156' \/><input type='hidden' id='answerType244156' 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-244156[]' id='answer-id-967659' class='answer   answerof-244156 ' value='967659'   \/><label for='answer-id-967659' id='answer-label-967659' class=' answer'><span>Proceed with the audit engagement, but do not include the relative's information.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244156[]' id='answer-id-967660' class='answer   answerof-244156 ' value='967660'   \/><label for='answer-id-967660' id='answer-label-967660' class=' answer'><span>Have the chief audit executive and management determine whether the auditor should continue with the audit engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244156[]' id='answer-id-967661' class='answer   answerof-244156 ' value='967661'   \/><label for='answer-id-967661' id='answer-label-967661' class=' answer'><span>Disclose in the engagement final communication that the relative is a customer.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244156[]' id='answer-id-967662' class='answer   answerof-244156 ' value='967662'   \/><label for='answer-id-967662' id='answer-label-967662' class=' answer'><span>Immediately withdraw from the audit engagement.<\/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-244157'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>58. <\/span>Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large <br \/>\r<br>organization?<\/div><input type='hidden' name='question_id[]' id='qID_58' value='244157' \/><input type='hidden' id='answerType244157' 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-244157[]' id='answer-id-967663' class='answer   answerof-244157 ' value='967663'   \/><label for='answer-id-967663' id='answer-label-967663' class=' answer'><span>The internal assessment results should be discussed once every five years,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244157[]' id='answer-id-967664' class='answer   answerof-244157 ' value='967664'   \/><label for='answer-id-967664' id='answer-label-967664' class=' answer'><span>The rating conclusions and the impact from results of the external assessment should be explained,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244157[]' id='answer-id-967665' class='answer   answerof-244157 ' value='967665'   \/><label for='answer-id-967665' id='answer-label-967665' class=' answer'><span>The results of the external assessment should be discussed every seven years,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244157[]' id='answer-id-967666' class='answer   answerof-244157 ' value='967666'   \/><label for='answer-id-967666' id='answer-label-967666' class=' answer'><span>The qualifications and independence of the internal assessment team should be discussed<\/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-244158'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>59. <\/span>Assisting the controller in developing and monitoring a series of business process indicators, which are historically correlated with, but independent of sales.<\/div><input type='hidden' name='question_id[]' id='qID_59' value='244158' \/><input type='hidden' id='answerType244158' 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-244158[]' id='answer-id-967667' class='answer   answerof-244158 ' value='967667'   \/><label for='answer-id-967667' id='answer-label-967667' class=' answer'><span>1 and 2 only.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244158[]' id='answer-id-967668' class='answer   answerof-244158 ' value='967668'   \/><label for='answer-id-967668' id='answer-label-967668' class=' answer'><span>2 and 3 only.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244158[]' id='answer-id-967669' class='answer   answerof-244158 ' value='967669'   \/><label for='answer-id-967669' id='answer-label-967669' class=' answer'><span>2 and 4 only.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244158[]' id='answer-id-967670' class='answer   answerof-244158 ' value='967670'   \/><label for='answer-id-967670' id='answer-label-967670' class=' answer'><span>3 and 4 only<\/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-244159'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>60. <\/span>If an internal auditor suspects fraud during an engagement which of the following is expected of the auditor?<\/div><input type='hidden' name='question_id[]' id='qID_60' value='244159' \/><input type='hidden' id='answerType244159' 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-244159[]' id='answer-id-967671' class='answer   answerof-244159 ' value='967671'   \/><label for='answer-id-967671' id='answer-label-967671' class=' answer'><span>Evaluate the suspected activities to determine whether a forma! investigation is warranted,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244159[]' id='answer-id-967672' class='answer   answerof-244159 ' value='967672'   \/><label for='answer-id-967672' id='answer-label-967672' class=' answer'><span>Immediately inform senior management and the board of the suspected fraud.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244159[]' id='answer-id-967673' class='answer   answerof-244159 ' value='967673'   \/><label for='answer-id-967673' id='answer-label-967673' class=' answer'><span>Ascertain the level of resources needed to formally investigate the fraud, and proceed with the investigation if resources permit,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244159[]' id='answer-id-967674' class='answer   answerof-244159 ' value='967674'   \/><label for='answer-id-967674' id='answer-label-967674' class=' answer'><span>Include in the engagement documentation all possible effects and the potential impact of the fraud to the organization<\/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-244160'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>61. <\/span>Which of the following situations is most likely to heighten an internal auditor's professional skepticism regarding potential fraud?<\/div><input type='hidden' name='question_id[]' id='qID_61' value='244160' \/><input type='hidden' id='answerType244160' 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-244160[]' id='answer-id-967675' class='answer   answerof-244160 ' value='967675'   \/><label for='answer-id-967675' id='answer-label-967675' class=' answer'><span>A procurement manager does not have the expected academic credentials for his position.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244160[]' id='answer-id-967676' class='answer   answerof-244160 ' value='967676'   \/><label for='answer-id-967676' id='answer-label-967676' class=' answer'><span>A salesperson frequently complains about the organization's policy on sales commissions.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244160[]' id='answer-id-967677' class='answer   answerof-244160 ' value='967677'   \/><label for='answer-id-967677' id='answer-label-967677' class=' answer'><span>The accounts payable supervisor has requested advances against her monthly salary on several occasions.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244160[]' id='answer-id-967678' class='answer   answerof-244160 ' value='967678'   \/><label for='answer-id-967678' id='answer-label-967678' class=' answer'><span>A financial accountant is absent from work frequently due to regular medical procedures.<\/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-244161'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>62. <\/span>Which of the following would be considered a violation of The HAfs mandatory guidance on <br \/>\r<br>independence?<\/div><input type='hidden' name='question_id[]' id='qID_62' value='244161' \/><input type='hidden' id='answerType244161' 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-244161[]' id='answer-id-967679' class='answer   answerof-244161 ' value='967679'   \/><label for='answer-id-967679' id='answer-label-967679' class=' answer'><span>The chief audit executive (CAE) reports functionally to the board and administratively to the chief financial officer.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244161[]' id='answer-id-967680' class='answer   answerof-244161 ' value='967680'   \/><label for='answer-id-967680' id='answer-label-967680' class=' answer'><span>The board seeks senior management's recommendation before approving the annual salary adjustment of the CA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244161[]' id='answer-id-967681' class='answer   answerof-244161 ' value='967681'   \/><label for='answer-id-967681' id='answer-label-967681' class=' answer'><span>The CAE confirms to the board, at least once every five years, the organizational independence of the internal audit activity,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244161[]' id='answer-id-967682' class='answer   answerof-244161 ' value='967682'   \/><label for='answer-id-967682' id='answer-label-967682' class=' answer'><span>The CAE updates the internal audit charter and presents it to the board for approval periodically, not on a specific timeline<\/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-244162'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>63. <\/span>Which of the following best describes the risk contained in an initial public offering for a new stock?<\/div><input type='hidden' name='question_id[]' id='qID_63' value='244162' \/><input type='hidden' id='answerType244162' 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-244162[]' id='answer-id-967683' class='answer   answerof-244162 ' value='967683'   \/><label for='answer-id-967683' id='answer-label-967683' class=' answer'><span>Residual risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244162[]' id='answer-id-967684' class='answer   answerof-244162 ' value='967684'   \/><label for='answer-id-967684' id='answer-label-967684' class=' answer'><span>Net risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244162[]' id='answer-id-967685' class='answer   answerof-244162 ' value='967685'   \/><label for='answer-id-967685' id='answer-label-967685' class=' answer'><span>Inherent risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244162[]' id='answer-id-967686' class='answer   answerof-244162 ' value='967686'   \/><label for='answer-id-967686' id='answer-label-967686' class=' answer'><span>Underlying risk.<\/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-244163'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>64. <\/span>According to IIA guidance, which of the following statements is true regarding due professional care?<\/div><input type='hidden' name='question_id[]' id='qID_64' value='244163' \/><input type='hidden' id='answerType244163' 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-244163[]' id='answer-id-967687' class='answer   answerof-244163 ' value='967687'   \/><label for='answer-id-967687' id='answer-label-967687' class=' answer'><span>Internal auditors must exercise due professional care to Insure that all significant risks will be identified,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244163[]' id='answer-id-967688' class='answer   answerof-244163 ' value='967688'   \/><label for='answer-id-967688' id='answer-label-967688' class=' answer'><span>Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244163[]' id='answer-id-967689' class='answer   answerof-244163 ' value='967689'   \/><label for='answer-id-967689' id='answer-label-967689' class=' answer'><span>Due professional care requires the internal auditor to conduct extensive examinations and verifications to ensure fraud does not exist,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244163[]' id='answer-id-967690' class='answer   answerof-244163 ' value='967690'   \/><label for='answer-id-967690' id='answer-label-967690' class=' answer'><span>Due professional care is displayed during a consulting engagement when the internal auditor focuses on potential benefits of the engagement rather than the cost.<\/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-244164'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>65. <\/span>During a review of employee benefits, a staff internal auditor observed an ambiguity in the incentive compensation policy. If reported, it could negatively impact the internal auditor's compensation. <br \/>\r<br>Which of the following would encourage the internal auditor to be objective in his work?<\/div><input type='hidden' name='question_id[]' id='qID_65' value='244164' \/><input type='hidden' id='answerType244164' 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-244164[]' id='answer-id-967691' class='answer   answerof-244164 ' value='967691'   \/><label for='answer-id-967691' id='answer-label-967691' class=' answer'><span>Periodic reinforcement of the internal audit activity's code of ethics disclosure practices.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244164[]' id='answer-id-967692' class='answer   answerof-244164 ' value='967692'   \/><label for='answer-id-967692' id='answer-label-967692' class=' answer'><span>External assessments of the internal audit activity every five years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244164[]' id='answer-id-967693' class='answer   answerof-244164 ' value='967693'   \/><label for='answer-id-967693' id='answer-label-967693' class=' answer'><span>Audit committee review of every engagement report at the conclusion of the audit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244164[]' id='answer-id-967694' class='answer   answerof-244164 ' value='967694'   \/><label for='answer-id-967694' id='answer-label-967694' class=' answer'><span>Internal audit charter approved by the board.<\/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-244165'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>66. <\/span>Which of the following is the primary engagement responsibility of an entry-level internal auditor?<\/div><input type='hidden' name='question_id[]' id='qID_66' value='244165' \/><input type='hidden' id='answerType244165' 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-244165[]' id='answer-id-967695' class='answer   answerof-244165 ' value='967695'   \/><label for='answer-id-967695' id='answer-label-967695' class=' answer'><span>Leadership.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244165[]' id='answer-id-967696' class='answer   answerof-244165 ' value='967696'   \/><label for='answer-id-967696' id='answer-label-967696' class=' answer'><span>Documentation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244165[]' id='answer-id-967697' class='answer   answerof-244165 ' value='967697'   \/><label for='answer-id-967697' id='answer-label-967697' class=' answer'><span>Analysis.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244165[]' id='answer-id-967698' class='answer   answerof-244165 ' value='967698'   \/><label for='answer-id-967698' id='answer-label-967698' class=' answer'><span>Reporting.<\/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-244166'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>67. <\/span>A multinational organization has asked the internal audit activity to assist in setting up the organization\u2019s risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant. <br \/>\r<br>Which of the following tasks is appropriate for the CAE to undertake?<\/div><input type='hidden' name='question_id[]' id='qID_67' value='244166' \/><input type='hidden' id='answerType244166' 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-244166[]' id='answer-id-967699' class='answer   answerof-244166 ' value='967699'   \/><label for='answer-id-967699' id='answer-label-967699' class=' answer'><span>Coordinate and facilitate risk workshops for management to attend.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244166[]' id='answer-id-967700' class='answer   answerof-244166 ' value='967700'   \/><label for='answer-id-967700' id='answer-label-967700' class=' answer'><span>Establish the degree of risk appetite for management to accept.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244166[]' id='answer-id-967701' class='answer   answerof-244166 ' value='967701'   \/><label for='answer-id-967701' id='answer-label-967701' class=' answer'><span>Set risk indicators and mitigation plans for management to implement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244166[]' id='answer-id-967702' class='answer   answerof-244166 ' value='967702'   \/><label for='answer-id-967702' id='answer-label-967702' class=' answer'><span>Determine the number of significant risks for management to report to the board.<\/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-244167'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>68. <\/span>A chief audit executive (CAE) has no direct access to the board. According to IIA guidance, which of the following is the most appropriate way for the CAE to react?<\/div><input type='hidden' name='question_id[]' id='qID_68' value='244167' \/><input type='hidden' id='answerType244167' 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-244167[]' id='answer-id-967703' class='answer   answerof-244167 ' value='967703'   \/><label for='answer-id-967703' id='answer-label-967703' class=' answer'><span>Ensure all subsequent audit reports include a disclaimer as to the lack of access to the board,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244167[]' id='answer-id-967704' class='answer   answerof-244167 ' value='967704'   \/><label for='answer-id-967704' id='answer-label-967704' class=' answer'><span>Focus on operational audit work and disregard lack of direct access to the members of the board.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244167[]' id='answer-id-967705' class='answer   answerof-244167 ' value='967705'   \/><label for='answer-id-967705' id='answer-label-967705' class=' answer'><span>Initiate changes to the internal audit charter to report to senior management for the time being,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244167[]' id='answer-id-967706' class='answer   answerof-244167 ' value='967706'   \/><label for='answer-id-967706' id='answer-label-967706' class=' answer'><span>Engage in written communications with the board and present relevant issues in writing<\/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-244168'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>69. <\/span>An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments. The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International! Standards for the Professional Practice of Internal Auditing (Standards). <br \/>\r<br>Which of the following justifies inclusion of this clause in the reports?<\/div><input type='hidden' name='question_id[]' id='qID_69' value='244168' \/><input type='hidden' id='answerType244168' 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-244168[]' id='answer-id-967707' class='answer   answerof-244168 ' value='967707'   \/><label for='answer-id-967707' id='answer-label-967707' class=' answer'><span>Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244168[]' id='answer-id-967708' class='answer   answerof-244168 ' value='967708'   \/><label for='answer-id-967708' id='answer-label-967708' class=' answer'><span>The audit committee has reviewed the annual self-assessment results and approved the use of the clause.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244168[]' id='answer-id-967709' class='answer   answerof-244168 ' value='967709'   \/><label for='answer-id-967709' id='answer-label-967709' class=' answer'><span>The self-assessment results were validated by a qualified external review team three years prior.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244168[]' id='answer-id-967710' class='answer   answerof-244168 ' value='967710'   \/><label for='answer-id-967710' id='answer-label-967710' class=' answer'><span>The internal audit charter, approved by the audit committee, requires conformance with the Standards<\/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-244169'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>70. <\/span>According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?<\/div><input type='hidden' name='question_id[]' id='qID_70' value='244169' \/><input type='hidden' id='answerType244169' 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-244169[]' id='answer-id-967711' class='answer   answerof-244169 ' value='967711'   \/><label for='answer-id-967711' id='answer-label-967711' class=' answer'><span>To enable Triple Bottom Line reporting capability.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244169[]' id='answer-id-967712' class='answer   answerof-244169 ' value='967712'   \/><label for='answer-id-967712' id='answer-label-967712' class=' answer'><span>To facilitate the conduct of risk assessment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244169[]' id='answer-id-967713' class='answer   answerof-244169 ' value='967713'   \/><label for='answer-id-967713' id='answer-label-967713' class=' answer'><span>To achieve and maintain sustainable development.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244169[]' id='answer-id-967714' class='answer   answerof-244169 ' value='967714'   \/><label for='answer-id-967714' id='answer-label-967714' class=' answer'><span>To fulfill regulatory and compliance requirements.<\/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-244170'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>71. <\/span>After being assigned to an audit of the accounts payable process, an internal auditor privately notifies the chief audit executive that she is a finalist for an open manager position within the accounts payable department. <br \/>\r<br>Which of the following is the IIA Code of Ethics principle that the auditor upheld?<\/div><input type='hidden' name='question_id[]' id='qID_71' value='244170' \/><input type='hidden' id='answerType244170' 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-244170[]' id='answer-id-967715' class='answer   answerof-244170 ' value='967715'   \/><label for='answer-id-967715' id='answer-label-967715' class=' answer'><span>Independence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244170[]' id='answer-id-967716' class='answer   answerof-244170 ' value='967716'   \/><label for='answer-id-967716' id='answer-label-967716' class=' answer'><span>Confidentiality.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244170[]' id='answer-id-967717' class='answer   answerof-244170 ' value='967717'   \/><label for='answer-id-967717' id='answer-label-967717' class=' answer'><span>Objectivity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244170[]' id='answer-id-967718' class='answer   answerof-244170 ' value='967718'   \/><label for='answer-id-967718' id='answer-label-967718' class=' answer'><span>Competency<\/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-244171'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>72. <\/span>Which of the following statements is true with regard to services provided by the internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_72' value='244171' \/><input type='hidden' id='answerType244171' 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-244171[]' id='answer-id-967719' class='answer   answerof-244171 ' value='967719'   \/><label for='answer-id-967719' id='answer-label-967719' class=' answer'><span>For consulting engagements, internal auditors do not need to be alert to control issues.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244171[]' id='answer-id-967720' class='answer   answerof-244171 ' value='967720'   \/><label for='answer-id-967720' id='answer-label-967720' class=' answer'><span>Assurance and consulting services have similar objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244171[]' id='answer-id-967721' class='answer   answerof-244171 ' value='967721'   \/><label for='answer-id-967721' id='answer-label-967721' class=' answer'><span>Internal auditors may not perform assurance and consulting roles at the same time.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244171[]' id='answer-id-967722' class='answer   answerof-244171 ' value='967722'   \/><label for='answer-id-967722' id='answer-label-967722' class=' answer'><span>Both assurance and consulting engagements require a final engagement report<\/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-244172'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>73. <\/span>Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care? <br \/>\r<br>A description of their job responsibilities,<\/div><input type='hidden' name='question_id[]' id='qID_73' value='244172' \/><input type='hidden' id='answerType244172' 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-244172[]' id='answer-id-967723' class='answer   answerof-244172 ' value='967723'   \/><label for='answer-id-967723' id='answer-label-967723' class=' answer'><span>A non-disclosure agreement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244172[]' id='answer-id-967724' class='answer   answerof-244172 ' value='967724'   \/><label for='answer-id-967724' id='answer-label-967724' class=' answer'><span>An annual declaration of commitment to<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244172[]' id='answer-id-967725' class='answer   answerof-244172 ' value='967725'   \/><label for='answer-id-967725' id='answer-label-967725' class=' answer'><span>The IIA s Code of Ethics.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244172[]' id='answer-id-967726' class='answer   answerof-244172 ' value='967726'   \/><label for='answer-id-967726' id='answer-label-967726' class=' answer'><span>The internal audit charter.<\/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-244173'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>74. <\/span>Which of the following best demonstrates that the internal audit activity is using due professional care?<\/div><input type='hidden' name='question_id[]' id='qID_74' value='244173' \/><input type='hidden' id='answerType244173' 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-244173[]' id='answer-id-967727' class='answer   answerof-244173 ' value='967727'   \/><label for='answer-id-967727' id='answer-label-967727' class=' answer'><span>The internal audit activity reports directly to the board on the engagements it performs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244173[]' id='answer-id-967728' class='answer   answerof-244173 ' value='967728'   \/><label for='answer-id-967728' id='answer-label-967728' class=' answer'><span>Internal auditors undertake the necessary training to complete their audit work.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244173[]' id='answer-id-967729' class='answer   answerof-244173 ' value='967729'   \/><label for='answer-id-967729' id='answer-label-967729' class=' answer'><span>The completion of engagements is based on the assumption that fraudulent activities may exist.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244173[]' id='answer-id-967730' class='answer   answerof-244173 ' value='967730'   \/><label for='answer-id-967730' id='answer-label-967730' class=' answer'><span>Internal auditors consider the use of technology-based audit and other data analysts techniques<\/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-244174'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>75. <\/span>The chief audit executive (CAE) of a new internal audit activity is creating an internal audit charter According to IIA guidance, which of the following terms is most likely to <br \/>\r<br>be included in the charter?<\/div><input type='hidden' name='question_id[]' id='qID_75' value='244174' \/><input type='hidden' id='answerType244174' 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-244174[]' id='answer-id-967731' class='answer   answerof-244174 ' value='967731'   \/><label for='answer-id-967731' id='answer-label-967731' class=' answer'><span>Senior management will be present whenever the CAE interacts with the board, to ensure effective communication among all three parties.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244174[]' id='answer-id-967732' class='answer   answerof-244174 ' value='967732'   \/><label for='answer-id-967732' id='answer-label-967732' class=' answer'><span>Internal auditors will advise on the design of control policies and procedures in any area where the organization does not possess the requisite expertise,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244174[]' id='answer-id-967733' class='answer   answerof-244174 ' value='967733'   \/><label for='answer-id-967733' id='answer-label-967733' class=' answer'><span>Internal auditors will demonstrate competence, concern, and the dedication expected of a professional,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244174[]' id='answer-id-967734' class='answer   answerof-244174 ' value='967734'   \/><label for='answer-id-967734' id='answer-label-967734' class=' answer'><span>Internal auditors will receive performance-based compensation, including bonuses for reporting more than a stipulated number of observations.<\/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-244175'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>76. <\/span>During a payroll audit, the internal auditor discovered that several individuals who have the same position classification as he are earning a significantly higher salary. The auditor noted the names and amounts of each, and he planned to prepare a request to the chief audit executive for a salary increase based on this information. <br \/>\r<br>Which of the following IIA Code of Ethics principles was violated in this scenario?<\/div><input type='hidden' name='question_id[]' id='qID_76' value='244175' \/><input type='hidden' id='answerType244175' 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-244175[]' id='answer-id-967735' class='answer   answerof-244175 ' value='967735'   \/><label for='answer-id-967735' id='answer-label-967735' class=' answer'><span>Competency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244175[]' id='answer-id-967736' class='answer   answerof-244175 ' value='967736'   \/><label for='answer-id-967736' id='answer-label-967736' class=' answer'><span>Objectivity,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244175[]' id='answer-id-967737' class='answer   answerof-244175 ' value='967737'   \/><label for='answer-id-967737' id='answer-label-967737' class=' answer'><span>Integrity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244175[]' id='answer-id-967738' class='answer   answerof-244175 ' value='967738'   \/><label for='answer-id-967738' id='answer-label-967738' class=' answer'><span>Confidentiality<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-77' style=';'><div id='questionWrap-77'  class='   watupro-question-id-244176'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>77. <\/span>A series of incidents over the past year reveals several members of senior management possess a limited understanding of the concept and impact of fraud. <br \/>\r<br>Which of the following would be the most effective way to approach this issue?<\/div><input type='hidden' name='question_id[]' id='qID_77' value='244176' \/><input type='hidden' id='answerType244176' 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-244176[]' id='answer-id-967739' class='answer   answerof-244176 ' value='967739'   \/><label for='answer-id-967739' id='answer-label-967739' class=' answer'><span>The board should ask the internal audit activity to perform additional assurance engagements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244176[]' id='answer-id-967740' class='answer   answerof-244176 ' value='967740'   \/><label for='answer-id-967740' id='answer-label-967740' class=' answer'><span>A comprehensive fraud risk assessment and management program should be carried out.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244176[]' id='answer-id-967741' class='answer   answerof-244176 ' value='967741'   \/><label for='answer-id-967741' id='answer-label-967741' class=' answer'><span>The organization should conduct training sessions on fraud, which should be attended by senior management and staff.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244176[]' id='answer-id-967742' class='answer   answerof-244176 ' value='967742'   \/><label for='answer-id-967742' id='answer-label-967742' class=' answer'><span>Anti-fraud and whistleblowing policies should be implemented and their importance should be clearly stated.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-78' style=';'><div id='questionWrap-78'  class='   watupro-question-id-244177'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>78. <\/span>Which of the following situations best describes an internal auditor who may have violated the IIA Code of Ethics principle of confidentiality?<\/div><input type='hidden' name='question_id[]' id='qID_78' value='244177' \/><input type='hidden' id='answerType244177' 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-244177[]' id='answer-id-967743' class='answer   answerof-244177 ' value='967743'   \/><label for='answer-id-967743' id='answer-label-967743' class=' answer'><span>The auditor intentionally omitted from his resume that he was fired from his previous job for fraud allegations,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244177[]' id='answer-id-967744' class='answer   answerof-244177 ' value='967744'   \/><label for='answer-id-967744' id='answer-label-967744' class=' answer'><span>The auditor decided not to notify her supervisor that her brother-in-law was responsible for the project the auditor was expected to evaluate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244177[]' id='answer-id-967745' class='answer   answerof-244177 ' value='967745'   \/><label for='answer-id-967745' id='answer-label-967745' class=' answer'><span>The auditor asked the audit client to copy requested files to her personal unencrypted memory stick because it was faster and more convenient.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244177[]' id='answer-id-967746' class='answer   answerof-244177 ' value='967746'   \/><label for='answer-id-967746' id='answer-label-967746' class=' answer'><span>The auditor was assigned to analyze the organization's incentive program and spent \r\nlong hours reviewing other employees\u2019 bonuses,<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-79' style=';'><div id='questionWrap-79'  class='   watupro-question-id-244178'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>79. <\/span>In an assurance engagement focused on the adequacy of organizationwide risk management practices, which of the following best describes a primary area of interest for the engagement?<\/div><input type='hidden' name='question_id[]' id='qID_79' value='244178' \/><input type='hidden' id='answerType244178' 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-244178[]' id='answer-id-967747' class='answer   answerof-244178 ' value='967747'   \/><label for='answer-id-967747' id='answer-label-967747' class=' answer'><span>The effectiveness of process-level and transaction-level controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244178[]' id='answer-id-967748' class='answer   answerof-244178 ' value='967748'   \/><label for='answer-id-967748' id='answer-label-967748' class=' answer'><span>Conflicts of interest within the organizational structure of the senior management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244178[]' id='answer-id-967749' class='answer   answerof-244178 ' value='967749'   \/><label for='answer-id-967749' id='answer-label-967749' class=' answer'><span>The alignment of management decisions with the level of risk the organization is willing to accept.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244178[]' id='answer-id-967750' class='answer   answerof-244178 ' value='967750'   \/><label for='answer-id-967750' id='answer-label-967750' class=' answer'><span>The actions of upper management in response to the internal audit activity's reporting<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-80' style=';'><div id='questionWrap-80'  class='   watupro-question-id-244179'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>80. <\/span>An internal auditor believes that the internal audit activity's independence is impaired. <br \/>\r<br>Which of the following actions should the internal auditor take first?<\/div><input type='hidden' name='question_id[]' id='qID_80' value='244179' \/><input type='hidden' id='answerType244179' 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-244179[]' id='answer-id-967751' class='answer   answerof-244179 ' value='967751'   \/><label for='answer-id-967751' id='answer-label-967751' class=' answer'><span>Report the impairment to senior management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244179[]' id='answer-id-967752' class='answer   answerof-244179 ' value='967752'   \/><label for='answer-id-967752' id='answer-label-967752' class=' answer'><span>Discuss the impairment with the audit manager<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244179[]' id='answer-id-967753' class='answer   answerof-244179 ' value='967753'   \/><label for='answer-id-967753' id='answer-label-967753' class=' answer'><span>Ascertain the best approach to disclose the impairment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244179[]' id='answer-id-967754' class='answer   answerof-244179 ' value='967754'   \/><label for='answer-id-967754' id='answer-label-967754' class=' answer'><span>Decide on the extent of impact of the impairment<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-81' style=';'><div id='questionWrap-81'  class='   watupro-question-id-244180'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>81. <\/span>Which of the following controls would best mitigate the risk of fraud in the bidding process?<\/div><input type='hidden' name='question_id[]' id='qID_81' value='244180' \/><input type='hidden' id='answerType244180' 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-244180[]' id='answer-id-967755' class='answer   answerof-244180 ' value='967755'   \/><label for='answer-id-967755' id='answer-label-967755' class=' answer'><span>Have a bidding committee open the tender bids.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244180[]' id='answer-id-967756' class='answer   answerof-244180 ' value='967756'   \/><label for='answer-id-967756' id='answer-label-967756' class=' answer'><span>Restrict the time to submit tender bids.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244180[]' id='answer-id-967757' class='answer   answerof-244180 ' value='967757'   \/><label for='answer-id-967757' id='answer-label-967757' class=' answer'><span>Keep minutes of pre-bid meetings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244180[]' id='answer-id-967758' class='answer   answerof-244180 ' value='967758'   \/><label for='answer-id-967758' id='answer-label-967758' class=' answer'><span>Allow the higher tenders to rebid.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-82' style=';'><div id='questionWrap-82'  class='   watupro-question-id-244181'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>82. <\/span>Which of the following documents would promote objectivity within an organization's internal audit activity?<\/div><input type='hidden' name='question_id[]' id='qID_82' value='244181' \/><input type='hidden' id='answerType244181' 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-244181[]' id='answer-id-967759' class='answer   answerof-244181 ' value='967759'   \/><label for='answer-id-967759' id='answer-label-967759' class=' answer'><span>Internal audit charter.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244181[]' id='answer-id-967760' class='answer   answerof-244181 ' value='967760'   \/><label for='answer-id-967760' id='answer-label-967760' class=' answer'><span>Internal audit manual.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244181[]' id='answer-id-967761' class='answer   answerof-244181 ' value='967761'   \/><label for='answer-id-967761' id='answer-label-967761' class=' answer'><span>Audit committee charter<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244181[]' id='answer-id-967762' class='answer   answerof-244181 ' value='967762'   \/><label for='answer-id-967762' id='answer-label-967762' class=' answer'><span>Human resources employee handbook.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-83' style=';'><div id='questionWrap-83'  class='   watupro-question-id-244182'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>83. <\/span>An internal auditor is updating the risk register for risks identified during a recent organizational risk assessment. According to the Standards, which of the following would the auditor include in the risk register?<\/div><input type='hidden' name='question_id[]' id='qID_83' value='244182' \/><input type='hidden' id='answerType244182' 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-244182[]' id='answer-id-967763' class='answer   answerof-244182 ' value='967763'   \/><label for='answer-id-967763' id='answer-label-967763' class=' answer'><span>Management\u2019s acceptance of inadequate controls for cybersecurity risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244182[]' id='answer-id-967764' class='answer   answerof-244182 ' value='967764'   \/><label for='answer-id-967764' id='answer-label-967764' class=' answer'><span>Discussions with senior management relating to a new revenue stream.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244182[]' id='answer-id-967765' class='answer   answerof-244182 ' value='967765'   \/><label for='answer-id-967765' id='answer-label-967765' class=' answer'><span>Mitigating controls implemented by the engagement supervisor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244182[]' id='answer-id-967766' class='answer   answerof-244182 ' value='967766'   \/><label for='answer-id-967766' id='answer-label-967766' class=' answer'><span>Project manager planned hours versus time spent for all prior year projects<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-84' style=';'><div id='questionWrap-84'  class='   watupro-question-id-244183'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>84. <\/span>Which of the following best demonstrates conformance with the Standards relating to continuing professional development of internal auditors?<\/div><input type='hidden' name='question_id[]' id='qID_84' value='244183' \/><input type='hidden' id='answerType244183' 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-244183[]' id='answer-id-967767' class='answer   answerof-244183 ' value='967767'   \/><label for='answer-id-967767' id='answer-label-967767' class=' answer'><span>Regulatory approval from an accrediting agency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244183[]' id='answer-id-967768' class='answer   answerof-244183 ' value='967768'   \/><label for='answer-id-967768' id='answer-label-967768' class=' answer'><span>Self-assessments against a competency framework.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244183[]' id='answer-id-967769' class='answer   answerof-244183 ' value='967769'   \/><label for='answer-id-967769' id='answer-label-967769' class=' answer'><span>Approval and signoff from the board of directors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244183[]' id='answer-id-967770' class='answer   answerof-244183 ' value='967770'   \/><label for='answer-id-967770' id='answer-label-967770' class=' answer'><span>A review by external auditors on an annual basis<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-85' style=';'><div id='questionWrap-85'  class='   watupro-question-id-244184'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>85. <\/span>Which of the following best illustrates the application of due professional care during an audit of the procurement department?<\/div><input type='hidden' name='question_id[]' id='qID_85' value='244184' \/><input type='hidden' id='answerType244184' 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-244184[]' id='answer-id-967771' class='answer   answerof-244184 ' value='967771'   \/><label for='answer-id-967771' id='answer-label-967771' class=' answer'><span>The internal auditor began checking purchase requisitions for proper authorizations. He stopped when he discovered an instance of noncompliance. and he concluded the controls were ineffective.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244184[]' id='answer-id-967772' class='answer   answerof-244184 ' value='967772'   \/><label for='answer-id-967772' id='answer-label-967772' class=' answer'><span>The internal auditor discovered an instance where management did not follow the standard bidding processes. The auditor assessed the validity of management\u2019s reasons for deviating from standard practice and the supporting documentation, and determined that the deviation was acceptable.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244184[]' id='answer-id-967773' class='answer   answerof-244184 ' value='967773'   \/><label for='answer-id-967773' id='answer-label-967773' class=' answer'><span>The internal auditor selected a sample of purchase orders with amounts greater than S5.000, the threshold at which the organization requires a bidding process. The auditor obtained documentation of the bidding process for each purchase order in the sample.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244184[]' id='answer-id-967774' class='answer   answerof-244184 ' value='967774'   \/><label for='answer-id-967774' id='answer-label-967774' class=' answer'><span>The internal auditor analyzed bidding documents provided by management. Management indicated that the documents were purchase orders issued to a sole-source vendor Based on the analysis and management's declaration, the internal auditor determined that the procurement process was effective.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-86' style=';'><div id='questionWrap-86'  class='   watupro-question-id-244185'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>86. <\/span>If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable <br \/>\r<br>resolution?<\/div><input type='hidden' name='question_id[]' id='qID_86' value='244185' \/><input type='hidden' id='answerType244185' 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-244185[]' id='answer-id-967775' class='answer   answerof-244185 ' value='967775'   \/><label for='answer-id-967775' id='answer-label-967775' class=' answer'><span>Politely decline the engagement due to a lack of qualified staff available at the time.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244185[]' id='answer-id-967776' class='answer   answerof-244185 ' value='967776'   \/><label for='answer-id-967776' id='answer-label-967776' class=' answer'><span>Complete the engagement as requested, with the best of the current staffs abilities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244185[]' id='answer-id-967777' class='answer   answerof-244185 ' value='967777'   \/><label for='answer-id-967777' id='answer-label-967777' class=' answer'><span>Consider using employees from other departments in the organization on the audit \r\nteam.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244185[]' id='answer-id-967778' class='answer   answerof-244185 ' value='967778'   \/><label for='answer-id-967778' id='answer-label-967778' class=' answer'><span>Change the scope of the testing to ensure that only available staff proficiencies are used<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-87' style=';'><div id='questionWrap-87'  class='   watupro-question-id-244186'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>87. <\/span>Management would like to self-assess the overall effectiveness of the controls in place for its 200-person manufacturing department. <br \/>\r<br>Which of the following client-facilitated <br \/>\r<br>approaches is likely to be the most efficient way to accomplish this objective?<\/div><input type='hidden' name='question_id[]' id='qID_87' value='244186' \/><input type='hidden' id='answerType244186' 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-244186[]' id='answer-id-967779' class='answer   answerof-244186 ' value='967779'   \/><label for='answer-id-967779' id='answer-label-967779' class=' answer'><span>Workshops.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244186[]' id='answer-id-967780' class='answer   answerof-244186 ' value='967780'   \/><label for='answer-id-967780' id='answer-label-967780' class=' answer'><span>Surveys.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244186[]' id='answer-id-967781' class='answer   answerof-244186 ' value='967781'   \/><label for='answer-id-967781' id='answer-label-967781' class=' answer'><span>Interviews.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244186[]' id='answer-id-967782' class='answer   answerof-244186 ' value='967782'   \/><label for='answer-id-967782' id='answer-label-967782' class=' answer'><span>Observation.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-88' style=';'><div id='questionWrap-88'  class='   watupro-question-id-244187'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>88. <\/span>In which of the following ways can a chief audit executive demonstrate to the board that the internal audit activity collectively possesses all of the skills needed to complete its annual goals?<\/div><input type='hidden' name='question_id[]' id='qID_88' value='244187' \/><input type='hidden' id='answerType244187' 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-244187[]' id='answer-id-967783' class='answer   answerof-244187 ' value='967783'   \/><label for='answer-id-967783' id='answer-label-967783' class=' answer'><span>Involve board members in hiring activities and request advice.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244187[]' id='answer-id-967784' class='answer   answerof-244187 ' value='967784'   \/><label for='answer-id-967784' id='answer-label-967784' class=' answer'><span>Require all internal audit staff to complete the same training course on a general audit subject,<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244187[]' id='answer-id-967785' class='answer   answerof-244187 ' value='967785'   \/><label for='answer-id-967785' id='answer-label-967785' class=' answer'><span>Require senior auditors to obtain a professional certification.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244187[]' id='answer-id-967786' class='answer   answerof-244187 ' value='967786'   \/><label for='answer-id-967786' id='answer-label-967786' class=' answer'><span>Provide a competency assessment of the internal audit staff.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-89' style=';'><div id='questionWrap-89'  class='   watupro-question-id-244188'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>89. <\/span>Which of the following needs to be established prior to undertaking an assessment of the quality assurance and improvement program?<\/div><input type='hidden' name='question_id[]' id='qID_89' value='244188' \/><input type='hidden' id='answerType244188' 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-244188[]' id='answer-id-967787' class='answer   answerof-244188 ' value='967787'   \/><label for='answer-id-967787' id='answer-label-967787' class=' answer'><span>Department performance standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244188[]' id='answer-id-967788' class='answer   answerof-244188 ' value='967788'   \/><label for='answer-id-967788' id='answer-label-967788' class=' answer'><span>Remediation timeframes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244188[]' id='answer-id-967789' class='answer   answerof-244188 ' value='967789'   \/><label for='answer-id-967789' id='answer-label-967789' class=' answer'><span>Nonconformance disclosures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-244188[]' id='answer-id-967790' class='answer   answerof-244188 ' value='967790'   \/><label for='answer-id-967790' id='answer-label-967790' class=' answer'><span>External assessment resources<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-90'>\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=\"watuPROButtons6814\" >\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\" class=\"watupro-submit-button\" 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