QUESTION: 169 Topic 2, Volume B

In a well-developed management environment, the internal audit activity would.

Report the results of audit engagements to line management as well as to senior management.
Conduct regularly scheduled audits of existing systems and initial audits of new computer systems after they have begun operating.
Interface primarily with senior management,minimizing interactions with line managers who are the subjects of internal audit work.
Focus on the maintenance of accounting controls (such as segregation of the duties of authorization,recording,and custody) and report results to the audit committee.

Answer(s): A

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QUESTION: 170 Topic 2, Volume B

Which of the following processes should be included in a benchmarking activity?

Identify key measures.
II. Collect data on performances and practices.
III. Identify opportunities for improvement.
IIonly
I and IIIonly
II and IIIonly
I,II,and III.

Answer(s): D

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QUESTION: 171 Topic 2, Volume B

The chief audit executive (CAE) routinely provides activity reports to the board during quarterly board meetings. Senior management has asked to review the CAE's board presentation before each board meeting so that any issues or questions can be discussed beforehand. The CAE should:

Provide the activity reports to senior management as requested and discuss any issues that may require action to be taken.
Not provide activity reports to senior management because such matters are the sole province of the board.
Disclose only those matters in the activity reports that pertain to expenditures and financial budgets of the internal audit activity.
Provide information to senior management that pertains only to completed audit engagements and observations available in published engagement final communications.

Answer(s): A

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QUESTION: 172 Topic 2, Volume B

Management should be included in the development of the audit plan in order to:

Provide assurance that past audit recommendations have been properly implemented.
Select the audit tests that will be used for each engagement.
Verify that the highest risks are included in the risk-based audit plan.
Guarantee access to the organization's sites and records for audit work.

Answer(s): C

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Free IIA-CIA-Part1 Exam Braindumps (page: 43)

QUESTION: 169 Topic 2, Volume B

QUESTION: 170 Topic 2, Volume B

QUESTION: 171 Topic 2, Volume B

QUESTION: 172 Topic 2, Volume B