Exam for engine

Q84. An assurance mapping exercise helps an organization do which of the following?
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.

Q85. Which of the following items should the chief audit executive disclose to senior management regarding the results of the internal audit activity’s quality assessments?

Q86. A furniture manufacturer has installed a new fire sprinkler system at its central warehouse and canceled the existing fire insurance policy on that property. What change of risk response strategy does this course of action most likely reflect?

Q87. Which of the following is an activity that an internal auditor must not perform?

Q88. This chief audit executive (CAE) engaged an internal auditor to consult on an organization’s complex information technology system. Shortly after beginning the engagement, the auditor unexpectedly resigned.
Unfortunately, this auditor was the only available auditor with the necessary expertise. The CAE will not be able to hire someone with similar expertise in time to meet a regulatory deadline.
Which of the following would be the best course of action for the CAE to take?

Q89. Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

Q90. An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization’s investments. Which of the following is the most appropriate course of action regarding the auditor’s use of this functionality?

Q91. According to the Standards, which of the following is not a consideration when exercising due professional care for an assurance engagement?

Q92. Which of the following activities best reflects the scope and status of the internal audit activity as defined in the internal audit policy statement?

Q93. A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?

Q94. During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole.
This is an example of which of the following analytical auditing procedures?

Q95. Which of the following best explains why integrity is a necessary personal quality for internal auditors at all levels?

Q96. An accounts receivable clerk receives cash payments, posts the payments to customer accounts, and prepares the daily cash deposit.
The clerk has been stealing some cash and manipulating the customer payments to hide the theft.
This fraud could be detected with which of the following controls?

Q97. According to IIA guidance, which of the following is the best example of a system application control?

Q98. Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook. Which of the following handbook policies has the greatest risk of compromising audit objectivity?

Q99. With regard To IT governance, which of the following is the most effective and appropriate role for the internal audit activity?

Q100. A new director was hired to lead the internal audit activity at a small start-up company. Which of the following assignments would impair the director’s independence?

Q101. In the area of business acumen, which of the following competencies would be the sole responsibility of an internal audit staff member?

Q102. During an internal audit, an organization’s processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some of these reports are false and that others were isolated oversights due to understaffing.
Which of the following tests would best help the internal auditor detect fraudulent activity?

Q103. An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and efficient in completing this task?