{"id":84019,"date":"2024-07-17T03:26:59","date_gmt":"2024-07-17T03:26:59","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=84019"},"modified":"2024-07-17T03:27:05","modified_gmt":"2024-07-17T03:27:05","slug":"real-iia-chal-qisa-dumps-v8-02-pass-the-cia-challenge-exam-and-achieve-your-qualified-info-systems-auditor-cia-challenge-certification-goals","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/real-iia-chal-qisa-dumps-v8-02-pass-the-cia-challenge-exam-and-achieve-your-qualified-info-systems-auditor-cia-challenge-certification-goals.html","title":{"rendered":"Real IIA-CHAL-QISA Dumps (V8.02) &#8211; Pass the CIA Challenge Exam and Achieve Your Qualified Info Systems Auditor CIA Challenge Certification Goals"},"content":{"rendered":"\n<p>The CPA or CA Professionals aiming to earn the Certified Internal Auditor (CIA) designation can have a unique, time-sensitive opportunity by taking the CIA Challenge exam. To achieve success, just choose the real IIA-CHAL-QISA dumps from DumpsBase. The IIA-CHAL-QISA exam dumps are designed meticulously to aid you in achieving your IIA CIA Challenge certification objectives within a limited timeframe. These dumps contain real exam questions and precise answers, which ensure that you gain comprehensive practice and secure a commendable score in your Qualified Info Systems Auditor CIA Challenge exam. By using these high-quality IIA-CHAL-QISA exam questions, you can significantly enhance your professional skills, making you a proficient IIA specialist. The real IIA-CHAL-QISA dumps (V8.02) cover the entire exam syllabus efficiently, allowing you to prepare thoroughly and effectively.<\/p>\n<h2>Qualified Info Systems Auditor CIA Challenge Exam <em><span style=\"background-color: #00ffff;\">IIA-CHAL-QISA Free Dumps<\/span><\/em><\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam8821\" 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-8821\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-8821\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-344203'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following best demonstrates internal auditors performing their work with proficiency?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='344203' \/><input type='hidden' id='answerType344203' 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-344203[]' id='answer-id-1346488' class='answer   answerof-344203 ' value='1346488'   \/><label for='answer-id-1346488' id='answer-label-1346488' class=' answer'><span>internal auditors meet with operational management at each phase of the audit process.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344203[]' id='answer-id-1346489' class='answer   answerof-344203 ' value='1346489'   \/><label for='answer-id-1346489' id='answer-label-1346489' class=' answer'><span>Internal auditors adhere to The IIA's Code of Ethics.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344203[]' id='answer-id-1346490' class='answer   answerof-344203 ' value='1346490'   \/><label for='answer-id-1346490' id='answer-label-1346490' class=' answer'><span>Internal auditors work collaboratively with their engagement team.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344203[]' id='answer-id-1346491' class='answer   answerof-344203 ' value='1346491'   \/><label for='answer-id-1346491' id='answer-label-1346491' class=' answer'><span>Internal auditors complete a program of continuing professional development.<\/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-344204'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>The internal audit activity is responsible for which of the following actions related to an organization\u2019s internal controls?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='344204' \/><input type='hidden' id='answerType344204' 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-344204[]' id='answer-id-1346492' class='answer   answerof-344204 ' value='1346492'   \/><label for='answer-id-1346492' id='answer-label-1346492' class=' answer'><span>Mitigating risks affecting achievement of organizational objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344204[]' id='answer-id-1346493' class='answer   answerof-344204 ' value='1346493'   \/><label for='answer-id-1346493' id='answer-label-1346493' class=' answer'><span>Enabling opportunities affecting achievement of organizational objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344204[]' id='answer-id-1346494' class='answer   answerof-344204 ' value='1346494'   \/><label for='answer-id-1346494' id='answer-label-1346494' class=' answer'><span>Analyzing and advising regarding costs versus benefits of control activities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344204[]' id='answer-id-1346495' class='answer   answerof-344204 ' value='1346495'   \/><label for='answer-id-1346495' id='answer-label-1346495' class=' answer'><span>Attesting to fairness of financial statements<\/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-344205'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. <br \/>\r<br>Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='344205' \/><input type='hidden' id='answerType344205' 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-344205[]' id='answer-id-1346496' class='answer   answerof-344205 ' value='1346496'   \/><label for='answer-id-1346496' id='answer-label-1346496' class=' answer'><span>Review or establish a documented skills assessment of the internal audit staff and gather information from post-audit surveys.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344205[]' id='answer-id-1346497' class='answer   answerof-344205 ' value='1346497'   \/><label for='answer-id-1346497' id='answer-label-1346497' class=' answer'><span>Obtain from the human resources department the job descriptions and position requirements for all internal audit staff.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344205[]' id='answer-id-1346498' class='answer   answerof-344205 ' value='1346498'   \/><label for='answer-id-1346498' id='answer-label-1346498' class=' answer'><span>Conduct an objective written test of the internal audit staff to assess their knowledge and skills related to core internal audit competencies.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344205[]' id='answer-id-1346499' class='answer   answerof-344205 ' value='1346499'   \/><label for='answer-id-1346499' id='answer-label-1346499' class=' answer'><span>Request the internal audit staff to submit a document that summarizes their most recent performance appraisals and post audit reviews.<\/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-344206'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following could increase risks to the organization\u2019s control environment?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='344206' \/><input type='hidden' id='answerType344206' 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-344206[]' id='answer-id-1346500' class='answer   answerof-344206 ' value='1346500'   \/><label for='answer-id-1346500' id='answer-label-1346500' class=' answer'><span>Strong board of directors oversight.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344206[]' id='answer-id-1346501' class='answer   answerof-344206 ' value='1346501'   \/><label for='answer-id-1346501' id='answer-label-1346501' class=' answer'><span>Incentive-based compensation structures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344206[]' id='answer-id-1346502' class='answer   answerof-344206 ' value='1346502'   \/><label for='answer-id-1346502' id='answer-label-1346502' class=' answer'><span>Lower than average employee turnover.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344206[]' id='answer-id-1346503' class='answer   answerof-344206 ' value='1346503'   \/><label for='answer-id-1346503' id='answer-label-1346503' 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-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-344207'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>According to IIA 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_5' value='344207' \/><input type='hidden' id='answerType344207' 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-344207[]' id='answer-id-1346504' class='answer   answerof-344207 ' value='1346504'   \/><label for='answer-id-1346504' id='answer-label-1346504' 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-344207[]' id='answer-id-1346505' class='answer   answerof-344207 ' value='1346505'   \/><label for='answer-id-1346505' id='answer-label-1346505' 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-344207[]' id='answer-id-1346506' class='answer   answerof-344207 ' value='1346506'   \/><label for='answer-id-1346506' id='answer-label-1346506' class=' answer'><span>To achieve and maintain sustainable development.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344207[]' id='answer-id-1346507' class='answer   answerof-344207 ' value='1346507'   \/><label for='answer-id-1346507' id='answer-label-1346507' 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-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-344208'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>The board of directors of a global organization has found an increased number of reported cases of unethical practices since last year. <br \/>\r<br>To assist the board in gaining a better understanding of the degree of ethics awareness within the organization, which of the following actions should be undertaken?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='344208' \/><input type='hidden' id='answerType344208' 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-344208[]' id='answer-id-1346508' class='answer   answerof-344208 ' value='1346508'   \/><label for='answer-id-1346508' id='answer-label-1346508' class=' answer'><span>Request the internal audit activity to perform an ethics-related assurance engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344208[]' id='answer-id-1346509' class='answer   answerof-344208 ' value='1346509'   \/><label for='answer-id-1346509' id='answer-label-1346509' class=' answer'><span>Offer in-house ethics-related training seminars for employees to attend<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344208[]' id='answer-id-1346510' class='answer   answerof-344208 ' value='1346510'   \/><label for='answer-id-1346510' id='answer-label-1346510' class=' answer'><span>Reaffirm the importance of the organization's code of ethics to all employees<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344208[]' id='answer-id-1346511' class='answer   answerof-344208 ' value='1346511'   \/><label for='answer-id-1346511' id='answer-label-1346511' class=' answer'><span>Conduct an organization wide employee survey on ethical practices.<\/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-344209'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>According to IIA guidance, which of the following best describes the purpose of a planning memorandum for an audit engagement?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='344209' \/><input type='hidden' id='answerType344209' 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-344209[]' id='answer-id-1346512' class='answer   answerof-344209 ' value='1346512'   \/><label for='answer-id-1346512' id='answer-label-1346512' class=' answer'><span>It documents the audit steps and procedures to be performed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344209[]' id='answer-id-1346513' class='answer   answerof-344209 ' value='1346513'   \/><label for='answer-id-1346513' id='answer-label-1346513' class=' answer'><span>it documents preliminary information useful to the audit team.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344209[]' id='answer-id-1346514' class='answer   answerof-344209 ' value='1346514'   \/><label for='answer-id-1346514' id='answer-label-1346514' class=' answer'><span>It documents events that could hinder the achievement of process objectives.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344209[]' id='answer-id-1346515' class='answer   answerof-344209 ' value='1346515'   \/><label for='answer-id-1346515' id='answer-label-1346515' class=' answer'><span>It documents existing measures that manage risks in the area under review<\/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-344210'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/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 approaches is likely to be the most efficient way to accomplish this objective?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='344210' \/><input type='hidden' id='answerType344210' 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-344210[]' id='answer-id-1346516' class='answer   answerof-344210 ' value='1346516'   \/><label for='answer-id-1346516' id='answer-label-1346516' class=' answer'><span>Workshops.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344210[]' id='answer-id-1346517' class='answer   answerof-344210 ' value='1346517'   \/><label for='answer-id-1346517' id='answer-label-1346517' class=' answer'><span>Surveys.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344210[]' id='answer-id-1346518' class='answer   answerof-344210 ' value='1346518'   \/><label for='answer-id-1346518' id='answer-label-1346518' class=' answer'><span>Interviews.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344210[]' id='answer-id-1346519' class='answer   answerof-344210 ' value='1346519'   \/><label for='answer-id-1346519' id='answer-label-1346519' class=' answer'><span>Observation.<\/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-344211'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/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_9' value='344211' \/><input type='hidden' id='answerType344211' 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-344211[]' id='answer-id-1346520' class='answer   answerof-344211 ' value='1346520'   \/><label for='answer-id-1346520' id='answer-label-1346520' class=' answer'><span>Internal auditors must exercise due professional care to ensure that all significant risks will be identified.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344211[]' id='answer-id-1346521' class='answer   answerof-344211 ' value='1346521'   \/><label for='answer-id-1346521' id='answer-label-1346521' 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-344211[]' id='answer-id-1346522' class='answer   answerof-344211 ' value='1346522'   \/><label for='answer-id-1346522' id='answer-label-1346522' 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-344211[]' id='answer-id-1346523' class='answer   answerof-344211 ' value='1346523'   \/><label for='answer-id-1346523' id='answer-label-1346523' 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-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-344212'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>According to the IIA Code of Ethics, which of the following is required with regard to communicating results?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='344212' \/><input type='hidden' id='answerType344212' 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-344212[]' id='answer-id-1346524' class='answer   answerof-344212 ' value='1346524'   \/><label for='answer-id-1346524' id='answer-label-1346524' 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-344212[]' id='answer-id-1346525' class='answer   answerof-344212 ' value='1346525'   \/><label for='answer-id-1346525' id='answer-label-1346525' 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-344212[]' id='answer-id-1346526' class='answer   answerof-344212 ' value='1346526'   \/><label for='answer-id-1346526' id='answer-label-1346526' 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-344212[]' id='answer-id-1346527' class='answer   answerof-344212 ' value='1346527'   \/><label for='answer-id-1346527' id='answer-label-1346527' 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-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-344213'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/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_11' value='344213' \/><input type='hidden' id='answerType344213' 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-344213[]' id='answer-id-1346528' class='answer   answerof-344213 ' value='1346528'   \/><label for='answer-id-1346528' id='answer-label-1346528' 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-344213[]' id='answer-id-1346529' class='answer   answerof-344213 ' value='1346529'   \/><label for='answer-id-1346529' id='answer-label-1346529' 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-344213[]' id='answer-id-1346530' class='answer   answerof-344213 ' value='1346530'   \/><label for='answer-id-1346530' id='answer-label-1346530' 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-344213[]' id='answer-id-1346531' class='answer   answerof-344213 ' value='1346531'   \/><label for='answer-id-1346531' id='answer-label-1346531' class=' answer'><span>Establish the internal audit activity's 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-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-344214'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>The internal audit activity plans to assess the effectiveness of management\u2019s self-assessment activities regarding the risk management process. <br \/>\r<br>Which of the following procedures would be most appropriate to accomplish this objective?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='344214' \/><input type='hidden' id='answerType344214' 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-344214[]' id='answer-id-1346532' class='answer   answerof-344214 ' value='1346532'   \/><label for='answer-id-1346532' id='answer-label-1346532' class=' answer'><span>Review corporate policies and board minutes for examples of risk discussions.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344214[]' id='answer-id-1346533' class='answer   answerof-344214 ' value='1346533'   \/><label for='answer-id-1346533' id='answer-label-1346533' class=' answer'><span>Conduct interviews with line and senior management on current practices.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344214[]' id='answer-id-1346534' class='answer   answerof-344214 ' value='1346534'   \/><label for='answer-id-1346534' id='answer-label-1346534' class=' answer'><span>Research and review relevant industry information concerning key risks.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344214[]' id='answer-id-1346535' class='answer   answerof-344214 ' value='1346535'   \/><label for='answer-id-1346535' id='answer-label-1346535' class=' answer'><span>Observe and test control and monitoring procedures and related reporting.<\/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-344215'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Which of the following statements is true regarding engagement planning?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='344215' \/><input type='hidden' id='answerType344215' 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-344215[]' id='answer-id-1346536' class='answer   answerof-344215 ' value='1346536'   \/><label for='answer-id-1346536' id='answer-label-1346536' class=' answer'><span>The scope of the engagement should be planned according to the internal audit activity's budget and then aligned to the risk universe.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344215[]' id='answer-id-1346537' class='answer   answerof-344215 ' value='1346537'   \/><label for='answer-id-1346537' id='answer-label-1346537' class=' answer'><span>The audit engagement objectives should be based on operational managements view of risk objectives<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344215[]' id='answer-id-1346538' class='answer   answerof-344215 ' value='1346538'   \/><label for='answer-id-1346538' id='answer-label-1346538' class=' answer'><span>The planning phase of the engagement should be completed and approved before the fieldwork of the engagement begins.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344215[]' id='answer-id-1346539' class='answer   answerof-344215 ' value='1346539'   \/><label for='answer-id-1346539' id='answer-label-1346539' class=' answer'><span>The main purpose of the engagement work program is to determine the nature and timing of procedures required to gather audit evidence<\/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-344216'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/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_14' value='344216' \/><input type='hidden' id='answerType344216' 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-344216[]' id='answer-id-1346540' class='answer   answerof-344216 ' value='1346540'   \/><label for='answer-id-1346540' id='answer-label-1346540' 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-344216[]' id='answer-id-1346541' class='answer   answerof-344216 ' value='1346541'   \/><label for='answer-id-1346541' id='answer-label-1346541' 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-344216[]' id='answer-id-1346542' class='answer   answerof-344216 ' value='1346542'   \/><label for='answer-id-1346542' id='answer-label-1346542' 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-344216[]' id='answer-id-1346543' class='answer   answerof-344216 ' value='1346543'   \/><label for='answer-id-1346543' id='answer-label-1346543' class=' answer'><span>The charter typically defines the internal audit activity\u2019s position within the organization.<\/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-344217'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following would be the most effective fraud prevention control?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='344217' \/><input type='hidden' id='answerType344217' 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-344217[]' id='answer-id-1346544' class='answer   answerof-344217 ' value='1346544'   \/><label for='answer-id-1346544' id='answer-label-1346544' class=' answer'><span>Email alert sent to management for checks issued over S100.000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344217[]' id='answer-id-1346545' class='answer   answerof-344217 ' value='1346545'   \/><label for='answer-id-1346545' id='answer-label-1346545' 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-344217[]' id='answer-id-1346546' class='answer   answerof-344217 ' value='1346546'   \/><label for='answer-id-1346546' id='answer-label-1346546' 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-344217[]' id='answer-id-1346547' class='answer   answerof-344217 ' value='1346547'   \/><label for='answer-id-1346547' id='answer-label-1346547' 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-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-344218'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/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_16' value='344218' \/><input type='hidden' id='answerType344218' 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-344218[]' id='answer-id-1346548' class='answer   answerof-344218 ' value='1346548'   \/><label for='answer-id-1346548' id='answer-label-1346548' 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-344218[]' id='answer-id-1346549' class='answer   answerof-344218 ' value='1346549'   \/><label for='answer-id-1346549' id='answer-label-1346549' class=' answer'><span>The auditor should analyze trends and changes among the organization's suppliers over the past few years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344218[]' id='answer-id-1346550' class='answer   answerof-344218 ' value='1346550'   \/><label for='answer-id-1346550' id='answer-label-1346550' class=' answer'><span>The auditor should investigate whether there are any special arrangements regarding senior management travel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344218[]' id='answer-id-1346551' class='answer   answerof-344218 ' value='1346551'   \/><label for='answer-id-1346551' id='answer-label-1346551' 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-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-344219'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which of the following statements best describes the difference between risk appetite and risk tolerance?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='344219' \/><input type='hidden' id='answerType344219' 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-344219[]' id='answer-id-1346552' class='answer   answerof-344219 ' value='1346552'   \/><label for='answer-id-1346552' id='answer-label-1346552' class=' answer'><span>Risk appetite applies to specific objectives, while risk tolerance refers to an organization's general attitude toward risk.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344219[]' id='answer-id-1346553' class='answer   answerof-344219 ' value='1346553'   \/><label for='answer-id-1346553' id='answer-label-1346553' class=' answer'><span>Risk appetite refers to the degree of risk acceptance for a particular objective, while risk tolerance is one approach to risk management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344219[]' id='answer-id-1346554' class='answer   answerof-344219 ' value='1346554'   \/><label for='answer-id-1346554' id='answer-label-1346554' class=' answer'><span>Risk appetite refers to an organization\u2019s general level of acceptance, while risk tolerance is a more specific and subordinate concept<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344219[]' id='answer-id-1346555' class='answer   answerof-344219 ' value='1346555'   \/><label for='answer-id-1346555' id='answer-label-1346555' class=' answer'><span>There is no significant difference between the two terms<\/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-344220'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Which of the following is a true statement regarding whistleblowing?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='344220' \/><input type='hidden' id='answerType344220' 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-344220[]' id='answer-id-1346556' class='answer   answerof-344220 ' value='1346556'   \/><label for='answer-id-1346556' id='answer-label-1346556' 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-344220[]' id='answer-id-1346557' class='answer   answerof-344220 ' value='1346557'   \/><label for='answer-id-1346557' id='answer-label-1346557' class=' answer'><span>Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behavior<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344220[]' id='answer-id-1346558' class='answer   answerof-344220 ' value='1346558'   \/><label for='answer-id-1346558' id='answer-label-1346558' 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-344220[]' id='answer-id-1346559' class='answer   answerof-344220 ' value='1346559'   \/><label for='answer-id-1346559' id='answer-label-1346559' 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-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-344221'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>An internal auditor discovered fraud while performing an audit of an organization's 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_19' value='344221' \/><input type='hidden' id='answerType344221' 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-344221[]' id='answer-id-1346560' class='answer   answerof-344221 ' value='1346560'   \/><label for='answer-id-1346560' id='answer-label-1346560' 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-344221[]' id='answer-id-1346561' class='answer   answerof-344221 ' value='1346561'   \/><label for='answer-id-1346561' id='answer-label-1346561' 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-344221[]' id='answer-id-1346562' class='answer   answerof-344221 ' value='1346562'   \/><label for='answer-id-1346562' id='answer-label-1346562' 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-344221[]' id='answer-id-1346563' class='answer   answerof-344221 ' value='1346563'   \/><label for='answer-id-1346563' id='answer-label-1346563' 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-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-344222'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/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_20' value='344222' \/><input type='hidden' id='answerType344222' 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-344222[]' id='answer-id-1346564' class='answer   answerof-344222 ' value='1346564'   \/><label for='answer-id-1346564' id='answer-label-1346564' class=' answer'><span>Batch controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344222[]' id='answer-id-1346565' class='answer   answerof-344222 ' value='1346565'   \/><label for='answer-id-1346565' id='answer-label-1346565' class=' answer'><span>Application controls<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344222[]' id='answer-id-1346566' class='answer   answerof-344222 ' value='1346566'   \/><label for='answer-id-1346566' id='answer-label-1346566' class=' answer'><span>General IT controls.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344222[]' id='answer-id-1346567' class='answer   answerof-344222 ' value='1346567'   \/><label for='answer-id-1346567' id='answer-label-1346567' class=' answer'><span>Logical access controls<\/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-344223'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>The organization\u2019s internal audit charter was last updated six years ago to update the charter, which of the following actions is most appropriate for the chief audit executive to take?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='344223' \/><input type='hidden' id='answerType344223' 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-344223[]' id='answer-id-1346568' class='answer   answerof-344223 ' value='1346568'   \/><label for='answer-id-1346568' id='answer-label-1346568' class=' answer'><span>Wait for the next external assessment and address all of the missing information in the charter based on the recommendations from the external assessment team<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344223[]' id='answer-id-1346569' class='answer   answerof-344223 ' value='1346569'   \/><label for='answer-id-1346569' id='answer-label-1346569' class=' answer'><span>Perform a review of HA guidance to become acquainted with the latest mandatory elements prior to updating the charter<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344223[]' id='answer-id-1346570' class='answer   answerof-344223 ' value='1346570'   \/><label for='answer-id-1346570' id='answer-label-1346570' class=' answer'><span>Use an internal audit charter template from another organization that operates within the same industry.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344223[]' id='answer-id-1346571' class='answer   answerof-344223 ' value='1346571'   \/><label for='answer-id-1346571' id='answer-label-1346571' class=' answer'><span>Identify an individual within the internal audit activity who has in-depth knowledge of mandatory IIA guidance elements to address any gaps or areas of the current version of the charter that could be improved<\/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-344224'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>What would be the effect if an organization paid one of its liabilities twice during the year, in error?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='344224' \/><input type='hidden' id='answerType344224' 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-344224[]' id='answer-id-1346572' class='answer   answerof-344224 ' value='1346572'   \/><label for='answer-id-1346572' id='answer-label-1346572' class=' answer'><span>Assets, liabilities, and owners' equity would be understated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344224[]' id='answer-id-1346573' class='answer   answerof-344224 ' value='1346573'   \/><label for='answer-id-1346573' id='answer-label-1346573' class=' answer'><span>Assets, net income, and owners\u2019 equity would be unaffected<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344224[]' id='answer-id-1346574' class='answer   answerof-344224 ' value='1346574'   \/><label for='answer-id-1346574' id='answer-label-1346574' class=' answer'><span>Assets and liabilities would be understated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344224[]' id='answer-id-1346575' class='answer   answerof-344224 ' value='1346575'   \/><label for='answer-id-1346575' id='answer-label-1346575' class=' answer'><span>Assets, net income, and owners\u2019 equity would be understated, but liabilities would be overstated<\/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-344225'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/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_23' value='344225' \/><input type='hidden' id='answerType344225' 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-344225[]' id='answer-id-1346576' class='answer   answerof-344225 ' value='1346576'   \/><label for='answer-id-1346576' id='answer-label-1346576' 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-344225[]' id='answer-id-1346577' class='answer   answerof-344225 ' value='1346577'   \/><label for='answer-id-1346577' id='answer-label-1346577' 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-344225[]' id='answer-id-1346578' class='answer   answerof-344225 ' value='1346578'   \/><label for='answer-id-1346578' id='answer-label-1346578' 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-344225[]' id='answer-id-1346579' class='answer   answerof-344225 ' value='1346579'   \/><label for='answer-id-1346579' id='answer-label-1346579' class=' answer'><span>Internal auditors consider the use of technology-based audit and other data analysis techniques<\/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-344226'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A manager has allowed a subordinate employee to have greater control and responsibility over the tasks that he performs. <br \/>\r<br>This is an example of which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='344226' \/><input type='hidden' id='answerType344226' 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-344226[]' id='answer-id-1346580' class='answer   answerof-344226 ' value='1346580'   \/><label for='answer-id-1346580' id='answer-label-1346580' class=' answer'><span>Job enlargement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344226[]' id='answer-id-1346581' class='answer   answerof-344226 ' value='1346581'   \/><label for='answer-id-1346581' id='answer-label-1346581' class=' answer'><span>Job enrichment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344226[]' id='answer-id-1346582' class='answer   answerof-344226 ' value='1346582'   \/><label for='answer-id-1346582' id='answer-label-1346582' class=' answer'><span>Horizontal loading of the job.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344226[]' id='answer-id-1346583' class='answer   answerof-344226 ' value='1346583'   \/><label for='answer-id-1346583' id='answer-label-1346583' class=' answer'><span>Job rotation.<\/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-344227'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>According to IIA guidance, which of the following statements is true regarding engagement planning?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='344227' \/><input type='hidden' id='answerType344227' 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-344227[]' id='answer-id-1346584' class='answer   answerof-344227 ' value='1346584'   \/><label for='answer-id-1346584' id='answer-label-1346584' class=' answer'><span>For both assurance and consulting engagements, planning typically occurs after the engagement objectives and scope have already been determined.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344227[]' id='answer-id-1346585' class='answer   answerof-344227 ' value='1346585'   \/><label for='answer-id-1346585' id='answer-label-1346585' class=' answer'><span>The expectations and objectives of an assurance engagement are usually determined by. or in conjunction with, the engagement client<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344227[]' id='answer-id-1346586' class='answer   answerof-344227 ' value='1346586'   \/><label for='answer-id-1346586' id='answer-label-1346586' class=' answer'><span>Internal auditors may not need to complete a preliminary risk assessment for a consulting engagement as they would when planning an assurance engagement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344227[]' id='answer-id-1346587' class='answer   answerof-344227 ' value='1346587'   \/><label for='answer-id-1346587' id='answer-label-1346587' class=' answer'><span>For both consulting and assurance engagements, internal auditors usually form the engagement objectives prior to completing the preliminary risk assessment<\/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-344228'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/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_26' value='344228' \/><input type='hidden' id='answerType344228' 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-344228[]' id='answer-id-1346588' class='answer   answerof-344228 ' value='1346588'   \/><label for='answer-id-1346588' id='answer-label-1346588' 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-344228[]' id='answer-id-1346589' class='answer   answerof-344228 ' value='1346589'   \/><label for='answer-id-1346589' id='answer-label-1346589' 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-344228[]' id='answer-id-1346590' class='answer   answerof-344228 ' value='1346590'   \/><label for='answer-id-1346590' id='answer-label-1346590' 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-344228[]' id='answer-id-1346591' class='answer   answerof-344228 ' value='1346591'   \/><label for='answer-id-1346591' id='answer-label-1346591' 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-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-344229'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization\u2019s 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_27' value='344229' \/><input type='hidden' id='answerType344229' 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-344229[]' id='answer-id-1346592' class='answer   answerof-344229 ' value='1346592'   \/><label for='answer-id-1346592' id='answer-label-1346592' class=' answer'><span>1 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344229[]' id='answer-id-1346593' class='answer   answerof-344229 ' value='1346593'   \/><label for='answer-id-1346593' id='answer-label-1346593' class=' answer'><span>1 and 4<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344229[]' id='answer-id-1346594' class='answer   answerof-344229 ' value='1346594'   \/><label for='answer-id-1346594' id='answer-label-1346594' class=' answer'><span>2 and 3.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344229[]' id='answer-id-1346595' class='answer   answerof-344229 ' value='1346595'   \/><label for='answer-id-1346595' id='answer-label-1346595' class=' answer'><span>2 and 4<\/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-344230'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>Which of the following types of policies best helps promote objectivity in the internal audit activity\u2019s work?<\/div><input type='hidden' name='question_id[]' id='qID_28' value='344230' \/><input type='hidden' id='answerType344230' 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-344230[]' id='answer-id-1346596' class='answer   answerof-344230 ' value='1346596'   \/><label for='answer-id-1346596' id='answer-label-1346596' 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-344230[]' id='answer-id-1346597' class='answer   answerof-344230 ' value='1346597'   \/><label for='answer-id-1346597' id='answer-label-1346597' 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-344230[]' id='answer-id-1346598' class='answer   answerof-344230 ' value='1346598'   \/><label for='answer-id-1346598' id='answer-label-1346598' 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-344230[]' id='answer-id-1346599' class='answer   answerof-344230 ' value='1346599'   \/><label for='answer-id-1346599' id='answer-label-1346599' 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-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-344231'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>Which of the following statements is true regarding partnership liquidation?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='344231' \/><input type='hidden' id='answerType344231' 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-344231[]' id='answer-id-1346600' class='answer   answerof-344231 ' value='1346600'   \/><label for='answer-id-1346600' id='answer-label-1346600' class=' answer'><span>Operations can continue after the liquidation, if all partners agree.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344231[]' id='answer-id-1346601' class='answer   answerof-344231 ' value='1346601'   \/><label for='answer-id-1346601' id='answer-label-1346601' class=' answer'><span>Partnership liquidation ends both the legal and economic life of an entity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344231[]' id='answer-id-1346602' class='answer   answerof-344231 ' value='1346602'   \/><label for='answer-id-1346602' id='answer-label-1346602' class=' answer'><span>Partnership liquidation occurs when there is capital deficiency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344231[]' id='answer-id-1346603' class='answer   answerof-344231 ' value='1346603'   \/><label for='answer-id-1346603' id='answer-label-1346603' class=' answer'><span>When a partnership Is liquidated, each partner pays creditors from cash received<\/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-344232'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Organizations that adopt just-in-time purchasing systems often experience which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='344232' \/><input type='hidden' id='answerType344232' 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-344232[]' id='answer-id-1346604' class='answer   answerof-344232 ' value='1346604'   \/><label for='answer-id-1346604' id='answer-label-1346604' class=' answer'><span>A slight increase in carrying costs.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344232[]' id='answer-id-1346605' class='answer   answerof-344232 ' value='1346605'   \/><label for='answer-id-1346605' id='answer-label-1346605' class=' answer'><span>A greater need for inspection of goods as the goods arrive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344232[]' id='answer-id-1346606' class='answer   answerof-344232 ' value='1346606'   \/><label for='answer-id-1346606' id='answer-label-1346606' class=' answer'><span>A greater need for linkage with a vendors computerized order entry system.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344232[]' id='answer-id-1346607' class='answer   answerof-344232 ' value='1346607'   \/><label for='answer-id-1346607' id='answer-label-1346607' class=' answer'><span>An Increase in the number of suitable suppliers<\/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-344233'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following statements is true regarding managements use of judgement to design, implement, and conduct internal control?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='344233' \/><input type='hidden' id='answerType344233' 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-344233[]' id='answer-id-1346608' class='answer   answerof-344233 ' value='1346608'   \/><label for='answer-id-1346608' id='answer-label-1346608' class=' answer'><span>The use of judgment enhances managements ability to make better decisions about internal control, but cannot guarantee perfect outcomes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344233[]' id='answer-id-1346609' class='answer   answerof-344233 ' value='1346609'   \/><label for='answer-id-1346609' id='answer-label-1346609' class=' answer'><span>introducing judgment generally diminishes managements ability to make good decisions about internal control<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344233[]' id='answer-id-1346610' class='answer   answerof-344233 ' value='1346610'   \/><label for='answer-id-1346610' id='answer-label-1346610' class=' answer'><span>It is inappropriate for management to exercise judgement in areas such as specifying and using suitable accounting principles.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344233[]' id='answer-id-1346611' class='answer   answerof-344233 ' value='1346611'   \/><label for='answer-id-1346611' id='answer-label-1346611' class=' answer'><span>It is inappropriate for management to exercise judgement in assessing whether components are present, functioning, and operating together<\/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-344234'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Identify and mitigate risks to help meet the CSR program objectives A.1,2, and 3. <br \/>\r<br>B. 1.2. and 4. <br \/>\r<br>C. 1, 3, and 4. <br \/>\r<br>D. 2. 3. and 4.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='344234' \/><input type='hidden' id='answerType344234' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-344234[]' id='textarea_q_344234' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-344235'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>An organization's health-care insurance costs have been rising approximately 10 percent per year for several years. <br \/>\r<br>Which of the following analytical review procedures would best evaluate the reasonableness of the increase in health-care costs?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='344235' \/><input type='hidden' id='answerType344235' 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-344235[]' id='answer-id-1346613' class='answer   answerof-344235 ' value='1346613'   \/><label for='answer-id-1346613' id='answer-label-1346613' class=' answer'><span>Develop a comparison of the costs incurred with similar costs incurred by other organizations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344235[]' id='answer-id-1346614' class='answer   answerof-344235 ' value='1346614'   \/><label for='answer-id-1346614' id='answer-label-1346614' class=' answer'><span>Obtain the government index of health-care costs for the comparable period of time and compare the rate of increase with that of the cost per employee incurred by the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344235[]' id='answer-id-1346615' class='answer   answerof-344235 ' value='1346615'   \/><label for='answer-id-1346615' id='answer-label-1346615' class=' answer'><span>Obtain a bid from another health-care administrator to provide the same administrative services as the current health-care administrator.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344235[]' id='answer-id-1346616' class='answer   answerof-344235 ' value='1346616'   \/><label for='answer-id-1346616' id='answer-label-1346616' class=' answer'><span>Review all claims and compare with appropriate procedures to ensure that overpayments have not occurred<\/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-344236'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='344236' \/><input type='hidden' id='answerType344236' 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-344236[]' id='answer-id-1346617' class='answer   answerof-344236 ' value='1346617'   \/><label for='answer-id-1346617' id='answer-label-1346617' class=' answer'><span>An independent third party has assessed the organization's system of internal controls to be adequate and effective.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344236[]' id='answer-id-1346618' class='answer   answerof-344236 ' value='1346618'   \/><label for='answer-id-1346618' id='answer-label-1346618' class=' answer'><span>The chief audit executive reports both functionally and administratively to the CEO<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344236[]' id='answer-id-1346619' class='answer   answerof-344236 ' value='1346619'   \/><label for='answer-id-1346619' id='answer-label-1346619' class=' answer'><span>The internal audit charter is drafted properly and approved by the appropriate parties.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344236[]' id='answer-id-1346620' class='answer   answerof-344236 ' value='1346620'   \/><label for='answer-id-1346620' id='answer-label-1346620' class=' answer'><span>The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives<\/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-344237'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>With regard to project management, which of the following statements about project crashing is true?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='344237' \/><input type='hidden' id='answerType344237' 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-344237[]' id='answer-id-1346621' class='answer   answerof-344237 ' value='1346621'   \/><label for='answer-id-1346621' id='answer-label-1346621' class=' answer'><span>It leads to an increase in risk and often results in rework.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344237[]' id='answer-id-1346622' class='answer   answerof-344237 ' value='1346622'   \/><label for='answer-id-1346622' id='answer-label-1346622' class=' answer'><span>It is an optimization technique where activities are performed in parallel rather than sequentially<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344237[]' id='answer-id-1346623' class='answer   answerof-344237 ' value='1346623'   \/><label for='answer-id-1346623' id='answer-label-1346623' class=' answer'><span>It involves a revaluation of project requirements and\/or scope.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344237[]' id='answer-id-1346624' class='answer   answerof-344237 ' value='1346624'   \/><label for='answer-id-1346624' id='answer-label-1346624' class=' answer'><span>It is a compression technique in which resources are added to the project<\/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-344238'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>When is an organic organizational structure likely to be more successful than a mechanistic organizational structure?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='344238' \/><input type='hidden' id='answerType344238' 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-344238[]' id='answer-id-1346625' class='answer   answerof-344238 ' value='1346625'   \/><label for='answer-id-1346625' id='answer-label-1346625' class=' answer'><span>When a manufacturing organization has stable demand for its products.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344238[]' id='answer-id-1346626' class='answer   answerof-344238 ' value='1346626'   \/><label for='answer-id-1346626' id='answer-label-1346626' class=' answer'><span>When an organization is subjected to strong political and social pressures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344238[]' id='answer-id-1346627' class='answer   answerof-344238 ' value='1346627'   \/><label for='answer-id-1346627' id='answer-label-1346627' class=' answer'><span>When a manufacturer has reliable resources and suppliers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344238[]' id='answer-id-1346628' class='answer   answerof-344238 ' value='1346628'   \/><label for='answer-id-1346628' id='answer-label-1346628' class=' answer'><span>When an organization is infrequently affected by technological advances<\/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-344239'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>According to Herzberg\u2019s Two-Factor Theory of Motivation, which of the following factors are mentioned most often by satisfied employees9<\/div><input type='hidden' name='question_id[]' id='qID_37' value='344239' \/><input type='hidden' id='answerType344239' 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-344239[]' id='answer-id-1346629' class='answer   answerof-344239 ' value='1346629'   \/><label for='answer-id-1346629' id='answer-label-1346629' class=' answer'><span>Salary and status.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344239[]' id='answer-id-1346630' class='answer   answerof-344239 ' value='1346630'   \/><label for='answer-id-1346630' id='answer-label-1346630' class=' answer'><span>Responsibility and advancement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344239[]' id='answer-id-1346631' class='answer   answerof-344239 ' value='1346631'   \/><label for='answer-id-1346631' id='answer-label-1346631' class=' answer'><span>Work conditions and security.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344239[]' id='answer-id-1346632' class='answer   answerof-344239 ' value='1346632'   \/><label for='answer-id-1346632' id='answer-label-1346632' class=' answer'><span>Peer relationships and personal life<\/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-344240'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>Which of the following is most likely to be considered a control weakness?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='344240' \/><input type='hidden' id='answerType344240' 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-344240[]' id='answer-id-1346633' class='answer   answerof-344240 ' value='1346633'   \/><label for='answer-id-1346633' id='answer-label-1346633' 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-344240[]' id='answer-id-1346634' class='answer   answerof-344240 ' value='1346634'   \/><label for='answer-id-1346634' id='answer-label-1346634' 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-344240[]' id='answer-id-1346635' class='answer   answerof-344240 ' value='1346635'   \/><label for='answer-id-1346635' id='answer-label-1346635' 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-344240[]' id='answer-id-1346636' class='answer   answerof-344240 ' value='1346636'   \/><label for='answer-id-1346636' id='answer-label-1346636' 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-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-344241'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>When determining the level of staff and resources to be dedicated to an assurance engagement, which of the following would be the most relevant to the chief audit executive?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='344241' \/><input type='hidden' id='answerType344241' 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-344241[]' id='answer-id-1346637' class='answer   answerof-344241 ' value='1346637'   \/><label for='answer-id-1346637' id='answer-label-1346637' class=' answer'><span>The overall adequacy of the internal audit activity's resources<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344241[]' id='answer-id-1346638' class='answer   answerof-344241 ' value='1346638'   \/><label for='answer-id-1346638' id='answer-label-1346638' class=' answer'><span>The availability of guest auditors for the engagement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344241[]' id='answer-id-1346639' class='answer   answerof-344241 ' value='1346639'   \/><label for='answer-id-1346639' id='answer-label-1346639' class=' answer'><span>The number of internal auditors used for the previous review of the same area.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344241[]' id='answer-id-1346640' class='answer   answerof-344241 ' value='1346640'   \/><label for='answer-id-1346640' id='answer-label-1346640' class=' answer'><span>The available resources with the specific skill set required<\/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-344242'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of the following activities demonstrates an example of the chief audit executive performing residual risk assessment?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='344242' \/><input type='hidden' id='answerType344242' 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-344242[]' id='answer-id-1346641' class='answer   answerof-344242 ' value='1346641'   \/><label for='answer-id-1346641' id='answer-label-1346641' class=' answer'><span>Cost-benefit analysis of management not implementing a recommendation to address an observation.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344242[]' id='answer-id-1346642' class='answer   answerof-344242 ' value='1346642'   \/><label for='answer-id-1346642' id='answer-label-1346642' class=' answer'><span>Inquiry of corrective action to be completed within a certain period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344242[]' id='answer-id-1346643' class='answer   answerof-344242 ' value='1346643'   \/><label for='answer-id-1346643' id='answer-label-1346643' class=' answer'><span>Reporting the status of every observation for every engagement in a detailed manner.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344242[]' id='answer-id-1346644' class='answer   answerof-344242 ' value='1346644'   \/><label for='answer-id-1346644' id='answer-label-1346644' class=' answer'><span>Soliciting management's feedback after completion of the audit engagement.<\/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-344243'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>According to ISO 31000, which of the following statements is correct?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='344243' \/><input type='hidden' id='answerType344243' 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-344243[]' id='answer-id-1346645' class='answer   answerof-344243 ' value='1346645'   \/><label for='answer-id-1346645' id='answer-label-1346645' class=' answer'><span>The board is responsible for setting the organizational attitude through tone at the top.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344243[]' id='answer-id-1346646' class='answer   answerof-344243 ' value='1346646'   \/><label for='answer-id-1346646' id='answer-label-1346646' class=' answer'><span>The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344243[]' id='answer-id-1346647' class='answer   answerof-344243 ' value='1346647'   \/><label for='answer-id-1346647' id='answer-label-1346647' class=' answer'><span>The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344243[]' id='answer-id-1346648' class='answer   answerof-344243 ' value='1346648'   \/><label for='answer-id-1346648' id='answer-label-1346648' class=' answer'><span>The framework is designed to be effective for organizations no matter how small.<\/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-344244'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/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 organization?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='344244' \/><input type='hidden' id='answerType344244' 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-344244[]' id='answer-id-1346649' class='answer   answerof-344244 ' value='1346649'   \/><label for='answer-id-1346649' id='answer-label-1346649' 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-344244[]' id='answer-id-1346650' class='answer   answerof-344244 ' value='1346650'   \/><label for='answer-id-1346650' id='answer-label-1346650' 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-344244[]' id='answer-id-1346651' class='answer   answerof-344244 ' value='1346651'   \/><label for='answer-id-1346651' id='answer-label-1346651' 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-344244[]' id='answer-id-1346652' class='answer   answerof-344244 ' value='1346652'   \/><label for='answer-id-1346652' id='answer-label-1346652' 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-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-344245'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Which of the following is applicable to both a job order cost system and a process cost system'?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='344245' \/><input type='hidden' id='answerType344245' 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-344245[]' id='answer-id-1346653' class='answer   answerof-344245 ' value='1346653'   \/><label for='answer-id-1346653' id='answer-label-1346653' class=' answer'><span>Total manufacturing costs are determined at the end of each period.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344245[]' id='answer-id-1346654' class='answer   answerof-344245 ' value='1346654'   \/><label for='answer-id-1346654' id='answer-label-1346654' class=' answer'><span>Costs are summarized in a production cost report for each department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344245[]' id='answer-id-1346655' class='answer   answerof-344245 ' value='1346655'   \/><label for='answer-id-1346655' id='answer-label-1346655' class=' answer'><span>Three manufacturing cost elements are tracked: direct materials, direct labor, and manufacturing overhead.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344245[]' id='answer-id-1346656' class='answer   answerof-344245 ' value='1346656'   \/><label for='answer-id-1346656' id='answer-label-1346656' class=' answer'><span>The unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period.<\/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-344246'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>What is the primary reason that audit supervision includes approval of the engagement report?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='344246' \/><input type='hidden' id='answerType344246' 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-344246[]' id='answer-id-1346657' class='answer   answerof-344246 ' value='1346657'   \/><label for='answer-id-1346657' id='answer-label-1346657' class=' answer'><span>To ensure the objectives of the area under review are met<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344246[]' id='answer-id-1346658' class='answer   answerof-344246 ' value='1346658'   \/><label for='answer-id-1346658' id='answer-label-1346658' class=' answer'><span>To ensure senior management supports the reports conclusions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344246[]' id='answer-id-1346659' class='answer   answerof-344246 ' value='1346659'   \/><label for='answer-id-1346659' id='answer-label-1346659' class=' answer'><span>To ensure report style and grammar are appropriate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344246[]' id='answer-id-1346660' class='answer   answerof-344246 ' value='1346660'   \/><label for='answer-id-1346660' id='answer-label-1346660' class=' answer'><span>To ensure report findings are substantiated<\/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-344247'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>A multinational organization has multiple divisions that sell their products internally to other divisions. <br \/>\r<br>When selling internally, which of the following transfer prices would lead to the best decisions for the organization?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='344247' \/><input type='hidden' id='answerType344247' 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-344247[]' id='answer-id-1346661' class='answer   answerof-344247 ' value='1346661'   \/><label for='answer-id-1346661' id='answer-label-1346661' class=' answer'><span>Full cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344247[]' id='answer-id-1346662' class='answer   answerof-344247 ' value='1346662'   \/><label for='answer-id-1346662' id='answer-label-1346662' class=' answer'><span>Full cost plus a markup.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344247[]' id='answer-id-1346663' class='answer   answerof-344247 ' value='1346663'   \/><label for='answer-id-1346663' id='answer-label-1346663' class=' answer'><span>Market price of the product.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344247[]' id='answer-id-1346664' class='answer   answerof-344247 ' value='1346664'   \/><label for='answer-id-1346664' id='answer-label-1346664' class=' answer'><span>Variable cost plus a markup.<\/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-344248'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>The audit plan requires a review of the testing procedures used in pre-production of a large information system prior to its live launch. <br \/>\r<br>If the chief audit executive (CAE) is uncertain that the current audit team has all the required knowledge to conduct the engagement, which of the following would be the most appropriate course of action for the CAE to take to preserve independence?<\/div><input type='hidden' name='question_id[]' id='qID_46' value='344248' \/><input type='hidden' id='answerType344248' 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-344248[]' id='answer-id-1346665' class='answer   answerof-344248 ' value='1346665'   \/><label for='answer-id-1346665' id='answer-label-1346665' class=' answer'><span>Contract with the software vendor to provide an appropriate resource<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344248[]' id='answer-id-1346666' class='answer   answerof-344248 ' value='1346666'   \/><label for='answer-id-1346666' id='answer-label-1346666' class=' answer'><span>Ask for a knowledgeable resource from the IT department<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344248[]' id='answer-id-1346667' class='answer   answerof-344248 ' value='1346667'   \/><label for='answer-id-1346667' id='answer-label-1346667' class=' answer'><span>Make use of an external service provider.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344248[]' id='answer-id-1346668' class='answer   answerof-344248 ' value='1346668'   \/><label for='answer-id-1346668' id='answer-label-1346668' class=' answer'><span>Request audit resources through the external auditor.<\/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-344249'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>For a new board chair who has not previously served on the organization\u2019s 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_47' value='344249' \/><input type='hidden' id='answerType344249' 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-344249[]' id='answer-id-1346669' class='answer   answerof-344249 ' value='1346669'   \/><label for='answer-id-1346669' id='answer-label-1346669' 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-344249[]' id='answer-id-1346670' class='answer   answerof-344249 ' value='1346670'   \/><label for='answer-id-1346670' id='answer-label-1346670' 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-344249[]' id='answer-id-1346671' class='answer   answerof-344249 ' value='1346671'   \/><label for='answer-id-1346671' id='answer-label-1346671' 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-344249[]' id='answer-id-1346672' class='answer   answerof-344249 ' value='1346672'   \/><label for='answer-id-1346672' id='answer-label-1346672' 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-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-344250'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>According to IIA 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_48' value='344250' \/><input type='hidden' id='answerType344250' 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-344250[]' id='answer-id-1346673' class='answer   answerof-344250 ' value='1346673'   \/><label for='answer-id-1346673' id='answer-label-1346673' 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-344250[]' id='answer-id-1346674' class='answer   answerof-344250 ' value='1346674'   \/><label for='answer-id-1346674' id='answer-label-1346674' 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-344250[]' id='answer-id-1346675' class='answer   answerof-344250 ' value='1346675'   \/><label for='answer-id-1346675' id='answer-label-1346675' 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-344250[]' id='answer-id-1346676' class='answer   answerof-344250 ' value='1346676'   \/><label for='answer-id-1346676' id='answer-label-1346676' 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-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-344251'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Which of the following is the most important determinant of the objectives and scope of assurance engagements? <br \/>\r<br>The organizational chart, business objectives, and policies and procedures of the area to be reviewed<\/div><input type='hidden' name='question_id[]' id='qID_49' value='344251' \/><input type='hidden' id='answerType344251' 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-344251[]' id='answer-id-1346677' class='answer   answerof-344251 ' value='1346677'   \/><label for='answer-id-1346677' id='answer-label-1346677' class=' answer'><span>The most recent risk assessment conducted by management of the area to be reviewed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344251[]' id='answer-id-1346678' class='answer   answerof-344251 ' value='1346678'   \/><label for='answer-id-1346678' id='answer-label-1346678' class=' answer'><span>The requests of operational and senior management throughout the organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344251[]' id='answer-id-1346679' class='answer   answerof-344251 ' value='1346679'   \/><label for='answer-id-1346679' id='answer-label-1346679' class=' answer'><span>The preliminary risk assessment performed by internal auditors planning the engagement.<\/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-344252'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable parts The auditor learns that production data used for generating automatic purchases via electronic interchange is collected on personal computers connected by a local area network (LAN) Purchases are made from authorized vendors based on both the production plans for the next month and an authorized materials requirements plan (MRP) that identifies the parts needed per unit of production. The auditor suspects the shutdowns are occurring because purchasing requirements have not been updated for changes in production techniques. <br \/>\r<br>Which of the following audit procedures should be used to test the auditor's theory?<\/div><input type='hidden' name='question_id[]' id='qID_50' value='344252' \/><input type='hidden' id='answerType344252' 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-344252[]' id='answer-id-1346680' class='answer   answerof-344252 ' value='1346680'   \/><label for='answer-id-1346680' id='answer-label-1346680' class=' answer'><span>Compare purchase orders generated from test data Input into the LAN with purchase orders generated from production data for the most recent period.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344252[]' id='answer-id-1346681' class='answer   answerof-344252 ' value='1346681'   \/><label for='answer-id-1346681' id='answer-label-1346681' class=' answer'><span>Develop a report of excess inventory and compare the inventory with current production volume.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344252[]' id='answer-id-1346682' class='answer   answerof-344252 ' value='1346682'   \/><label for='answer-id-1346682' id='answer-label-1346682' class=' answer'><span>Compare the parts needed based on current production estimates and the MRP for the revised production techniques with the purchase orders generated from the system for the same period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344252[]' id='answer-id-1346683' class='answer   answerof-344252 ' value='1346683'   \/><label for='answer-id-1346683' id='answer-label-1346683' class=' answer'><span>Select a sample of production estimates and MRPs for several periods and trace them into the system to determine that input is accurate<\/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-344253'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>In an assurance engagement focused on the adequacy of organization wide 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_51' value='344253' \/><input type='hidden' id='answerType344253' 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-344253[]' id='answer-id-1346684' class='answer   answerof-344253 ' value='1346684'   \/><label for='answer-id-1346684' id='answer-label-1346684' 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-344253[]' id='answer-id-1346685' class='answer   answerof-344253 ' value='1346685'   \/><label for='answer-id-1346685' id='answer-label-1346685' 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-344253[]' id='answer-id-1346686' class='answer   answerof-344253 ' value='1346686'   \/><label for='answer-id-1346686' id='answer-label-1346686' 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-344253[]' id='answer-id-1346687' class='answer   answerof-344253 ' value='1346687'   \/><label for='answer-id-1346687' id='answer-label-1346687' class=' answer'><span>The actions of upper management in response to the internal audit Atchley\u2019s reporting<\/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-344254'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/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_52' value='344254' \/><input type='hidden' id='answerType344254' 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-344254[]' id='answer-id-1346688' class='answer   answerof-344254 ' value='1346688'   \/><label for='answer-id-1346688' id='answer-label-1346688' 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-344254[]' id='answer-id-1346689' class='answer   answerof-344254 ' value='1346689'   \/><label for='answer-id-1346689' id='answer-label-1346689' 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-344254[]' id='answer-id-1346690' class='answer   answerof-344254 ' value='1346690'   \/><label for='answer-id-1346690' id='answer-label-1346690' 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-344254[]' id='answer-id-1346691' class='answer   answerof-344254 ' value='1346691'   \/><label for='answer-id-1346691' id='answer-label-1346691' class=' answer'><span>Verify that organizational objectives are aligned with each departments objectives.<\/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-344255'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/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_53' value='344255' \/><input type='hidden' id='answerType344255' 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-344255[]' id='answer-id-1346692' class='answer   answerof-344255 ' value='1346692'   \/><label for='answer-id-1346692' id='answer-label-1346692' 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-344255[]' id='answer-id-1346693' class='answer   answerof-344255 ' value='1346693'   \/><label for='answer-id-1346693' id='answer-label-1346693' 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-344255[]' id='answer-id-1346694' class='answer   answerof-344255 ' value='1346694'   \/><label for='answer-id-1346694' id='answer-label-1346694' class=' answer'><span>Management is responsible for ensuring that the organization's 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-344255[]' id='answer-id-1346695' class='answer   answerof-344255 ' value='1346695'   \/><label for='answer-id-1346695' id='answer-label-1346695' 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-54' style=';'><div id='questionWrap-54'  class='   watupro-question-id-344256'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>According to IIA guidance, which of the following would be the best first step to manage risk when a third party is overseeing the organization\u2019s network and data'?<\/div><input type='hidden' name='question_id[]' id='qID_54' value='344256' \/><input type='hidden' id='answerType344256' 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-344256[]' id='answer-id-1346696' class='answer   answerof-344256 ' value='1346696'   \/><label for='answer-id-1346696' id='answer-label-1346696' class=' answer'><span>Creating a comprehensive reporting system for vendors to demonstrate their ongoing due diligence in network operations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344256[]' id='answer-id-1346697' class='answer   answerof-344256 ' value='1346697'   \/><label for='answer-id-1346697' id='answer-label-1346697' class=' answer'><span>Drafting a strong contract that requires regular vendor control reports and a right-to-audit clause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344256[]' id='answer-id-1346698' class='answer   answerof-344256 ' value='1346698'   \/><label for='answer-id-1346698' id='answer-label-1346698' class=' answer'><span>Applying administrative privileges to ensure right-to-access controls are appropriate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344256[]' id='answer-id-1346699' class='answer   answerof-344256 ' value='1346699'   \/><label for='answer-id-1346699' id='answer-label-1346699' class=' answer'><span>Creating a standing cybersecurity committee to identify and manage risks related to data security.<\/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-344257'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/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_55' value='344257' \/><input type='hidden' id='answerType344257' 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-344257[]' id='answer-id-1346700' class='answer   answerof-344257 ' value='1346700'   \/><label for='answer-id-1346700' id='answer-label-1346700' 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-344257[]' id='answer-id-1346701' class='answer   answerof-344257 ' value='1346701'   \/><label for='answer-id-1346701' id='answer-label-1346701' class=' answer'><span>Employing audit tests to detect fraud<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344257[]' id='answer-id-1346702' class='answer   answerof-344257 ' value='1346702'   \/><label for='answer-id-1346702' id='answer-label-1346702' class=' answer'><span>Interrogating a suspected fraudster.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-344257[]' id='answer-id-1346703' class='answer   answerof-344257 ' value='1346703'   \/><label for='answer-id-1346703' id='answer-label-1346703' 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 style='display:none' id='question-56'>\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=\"watuPROButtons8821\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" 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