QUESTION: 149 Topic 2, Volume B

When a risk assessment process has been used to construct an audit engagement schedule, which of the following should receive attention first?

The external auditors have requested assistance for their upcoming annual audit.
A new accounts payable system is currently undergoing testing by the information technology department.
Management has requested an investigation of possible lapping in receivables.
The existing accounts payable system has not been audited over the past year.

Answer(s): C

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QUESTION: 150 Topic 2, Volume B

All of the following would normally be involved in preparing for and carrying out the internal audit activity's annual plan except:

Establishing policies and procedures for workpapers and referencing.
Providing periodic activity reports to the audit committee on audit engagements in progress.
Assessing the amount of risk in major departments.
Training audit staff on appropriate audit methodologies for addressing any newly identified risks.

Answer(s): A

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QUESTION: 151 Topic 2, Volume B

When reviewing operational risk for a department whose manager adopts a laissez-faire style of leadership, it is most important for the internal auditor to verify that:

Employee decisions follow department and company guidelines.
The manager considers employees' input when designing new procedures.
Employees are empowered to deal with unusual or emergency situations.
Management has adopted an open-door policy to assist with communication.

Answer(s): A

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QUESTION: 152 Topic 2, Volume B

Which of the following factors related to an organization's performance management system would not contribute to the organization's success?

Performance management is linked to competence and knowledge management.
Subordinates and superiors have shared responsibility for the performance management process.
Staff members own the performance management process,thereby ensuring implementation and accountability.
Performance management is integrated into other organizational processes and human resource processes.

Answer(s): C

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Free IIA-CIA-Part1 Exam Braindumps (page: 38)

QUESTION: 149 Topic 2, Volume B

QUESTION: 150 Topic 2, Volume B

QUESTION: 151 Topic 2, Volume B

QUESTION: 152 Topic 2, Volume B