Free IIA-ACCA Exam Braindumps (page: 50)

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During a fraud interview, it was discovered that unquestioned authority enabled a vice president to steal funds from the organization.
Which of the following best describes this condition?

  1. Scheme.
  2. Opportunity.
  3. Rationalization.
  4. Pressure.

Answer(s): B



According to IIA guidance, which of the following are appropriate actions for the chief audit executive regarding management's response to audit recommendations?

  1. Evaluate and verify management's response, and determine the need and scope for additional work.
  2. Evaluate and verify management's response, and establish timelines for corrective action by management.
  3. Oversee the corrective actions undertaken by management, and determine the need and scope for additional work.
  4. Oversee the corrective actions undertaken by management, and establish timelines for corrective action by management.

Answer(s): A



According to the Standards, which of the following is leastimportant in determining the adequacy of an annual audit plan?

  1. Sufficiency.
  2. Appropriateness.
  3. Effective deployment.
  4. Cost effectiveness.

Answer(s): D



The newly appointed chief audit executive (CAE) of a large multinational corporation, with seasoned internal audit departments located around the world, is reviewing responsibilities for engagement reports. According to IIA guidance, which of the following statements is true?

  1. The CAE is required to review, approve, and sign every engagement report.
  2. The CAE is required to review, approve, and sign all regulatory compliance engagement reports only
  3. The CAE may delegate responsibility for reviewing, approving and signing engagement reports, but should review the reports after they are issued.
  4. The internal audit charter must identify authorized signers of engagement reports.

Answer(s): C



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Jeelzs commented on June 25, 2024
Awesome indeed
Anonymous
upvote