CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. CIA

Free CIA Exam Braindumps (page: 9)

Page 8 of 427
PDF with 1702 Questions

Internal auditors can benefit from a strong relationship with the external auditors because external auditors can

  1. Provide internal auditors with an independent and knowledgeable viewpoint
  2. Concur with the internal auditors' reports and thus improve the quality of assurance provided to management
  3. Increase the effectiveness of internal control sampling techniques
  4. Assist the internal auditor by providing information obtained from similar audits with other clients

Answer(s): A



Coordinating internal and external audit efforts can help reduce the amount of time that the external auditors are on site at an organization because the external auditors can

  1. Copy audit findings from internal audit reports to create the external audit report
  2. Rely on work performed by the internal audit activity
  3. Use risk and control analysis provided by the internal audit activity to guide testing for the external audit staff
  4. Focus on high-risk areas only, as long as an internal audit function exists

Answer(s): B



Using the internal audit department to coordinate regulatory examiners' efforts is beneficial to the organization because internal auditors can

  1. Influence regulatory interpretation of law to better match corporate practice
  2. Recommend changes to the scope of the regulatory examiners' review
  3. Perform fieldwork for the regulatory examiners and thus shorten the regulatory examiners' review
  4. Supply evidence of adequate compliance testing through internal audit workpapers and reports

Answer(s): D



If the annual audit plan does not allow for adequate review of compliance with all material regulations affecting the company, the internal audit activity should

  1. Ensure that the regulations that were not included be reviewed in the subsequent year
  2. Include a memo in the audit planning file listing the reasons for the lack of coverage.
  3. Notify the board of directors and senior management of the limitation
  4. Decrease the scope of operational and financial audits to make additional audit time available

Answer(s): C






Post your Comments and Discuss IIA CIA exam with other Community members:

CIA Exam Discussions & Posts