QUESTION: 193 Topic 2, Volume B

In assessing the independence of the internal audit activity, a member of a peer review team should consider all of the following factors except:

Access to and frequency of communications with the board of directors or its audit committee.
The criteria of education and experience considered necessary when filling vacant positions on the audit staff.
The degree to which auditors assume operating responsibilities.
The scope and depth of engagement objectives for the audit engagements included in the review.

Answer(s): B

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QUESTION: 194 Topic 2, Volume B

Which of the following best describes the procedures used by the representatives of an organization's stakeholders to provide oversight of the processes administered by management?

Governance
Control
Risk management
Monitoring

Answer(s): A

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QUESTION: 195 Topic 2, Volume B

Which of the following is most likely to be an element of an effective compliance program?

The internal audit activity is assigned responsibility for overseeing the program.
The program is communicated to employees in a video format on a one-time basis.
The organization uses monitoring systems designed to detect improper activity.
The organization obtains as much information as possible when performing background checks
on employees.

Answer(s): C

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QUESTION: 196 Topic 2, Volume B

Which of the following internal controls is likely to prevent pollution from waste disposal before it occurs, rather than detect it after it occurs?

Identification of large budget variances in disposal costs for hazardous chemicals.
Restricted access to environmental department files.
Formal on-the-job training program conducted by the environmental staff.
Samples of water and solid waste taken daily with the results recorded in a log.

Answer(s): C

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Free IIA-CIA-Part1 Exam Braindumps (page: 49)

QUESTION: 193 Topic 2, Volume B

QUESTION: 194 Topic 2, Volume B

QUESTION: 195 Topic 2, Volume B

QUESTION: 196 Topic 2, Volume B