QUESTION: 6 Exam Topic: Section 1: Sec One (1 to 66)

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Internal auditors, engaging in activities that are illegal and discreditable to the profession of internal auditing or the organization, violate which of the following principles:

Objectivity
Awareness
Integrity
Competence

Answer(s): C

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QUESTION: 7 Exam Topic: Section 1: Sec One (1 to 66)

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Which of the following statements is NOT related to competency principle of internal auditing? Internal auditors:

Shall continually improve their proficiency and effectiveness and quality of their services
Shall perform internal auditing services in accordance with the standards for the professional practice of internal auditing
Shall engage only in those services for which they have the necessary knowledge, skills and experience
Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review

Answer(s): D

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QUESTION: 8 Exam Topic: Section 1: Sec One (1 to 66)

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While performing consulting services internal auditors should specifically maintain:

Proficiency level
Objectivity
Competence
Confidentiality

Answer(s): B

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QUESTION: 9 Exam Topic: Section 1: Sec One (1 to 66)

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All these statements elaborate purpose of standards EXCEPT:

Foster improved organizational processes and operations
Establish the basis for the evaluation of internal audit performance
Subvert the framework for performing and promoting broad range of value-added internal audit activities.
Delineate basic principles that represent the practice of internal auditing as it should be

Answer(s): C

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QUESTION: 10 Exam Topic: Section 1: Sec One (1 to 66)

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Nature of internal audit activities and quality criteria against which the performance of these services can be evaluated is best portrayed by:

Performance Standards
Attribute Standards
Implementation Standards
Evaluation Standards

Answer(s): A

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Free Financial CFSA Exam Questions (page: 3)

QUESTION: 6 Exam Topic: Section 1: Sec One (1 to 66)

QUESTION: 7 Exam Topic: Section 1: Sec One (1 to 66)

QUESTION: 8 Exam Topic: Section 1: Sec One (1 to 66)

QUESTION: 9 Exam Topic: Section 1: Sec One (1 to 66)

QUESTION: 10 Exam Topic: Section 1: Sec One (1 to 66)

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