QUESTION: 169

Which of the following factors should internal auditors consider when planning an audit
engagement?

I). The extent of documentation required to complete the engagement.
II). Objectives of the area to be reviewed and how activities are controlled.
III). Significant risks, resources, and operations.
IV). Scope and degree of testing required to achieve the engagement's objectives.

I and IV only.
I, II, and III only.
II, III, and IV only.
I, II, III, and IV.

Answer(s): C

Show Answer Next Question

QUESTION: 170

A chief audit executive (CAE) decides to implement a quality assurance and improvement program for the internal audit department but encounters some resistance from internal audit staff concerning how the program should be monitored. Internal audit staff would prefer that all monitoring be performed through supervision during an audit engagement. The CAE needs to include in the monitoring program periodic quality assessments by staff independent from the audit engagement. How should the CAE promote the quality assessment concept?

Encourage all internal audit staff to see the independent quality assessments as part of a process to continuously improve the internal audit department's performance.
Explain that independent quality assessments will identify those staff whose performance does not meet the requirements of the internal audit department.
Arrange for internal audit staff to be given appropriate training in all audit engagement procedures.
Tell internal audit staff that the only purpose of the independent quality assessments is to ensure that errors are corrected quickly before reports are issued.

Answer(s): A

Show Answer Next Question

QUESTION: 171

According to the Standards, results of the internal audit activity's internal and external quality program assessments must be communicated to the board or governing body in order to

Provide accountability and transparency in the management and supervision of internal audit work.
Ensure that action is taken by internal audit staff to correct all quality non- conformances in internal audit work.
Motivate internal audit staff to conform with all quality systems used in their internal audit work.
Demonstrate that all internal audit staff have been instructed in the importance of quality in internal audit work.

Answer(s): A

Show Answer Next Question

QUESTION: 172

In promoting quality assurance and improvement of the internal audit activity, which of the following would be considered a component of ongoing assessment?

I). Supervision.
II). Feedback from audit customers.
III). Analysis of performance measures.
IV). Comparison of budgeted to actual audit hours.

I and III only.
II and IV only.
I, III, and IV only.
I, II, III, and IV.

Answer(s): D

Show Answer Next Question

Free IIA CIA Exam Braindumps (page: 44)

QUESTION: 169

QUESTION: 170

QUESTION: 171

QUESTION: 172

CIA Exam Discussions & Posts