QUESTION: 273 Exam Topic: 3, Volume C

Why should internal auditors develop a strong relationship with the external auditors?

External auditors offer an additional layer of approval to internal auditors' reports.
External auditors can help improve the effectiveness of internal control sampling techniques.
External auditors can offer an independent and knowledgeable viewpoint.
External auditors can share information gained from work with similar clients.

Answer(s): C

QUESTION: 274 Exam Topic: 3, Volume C

An internal auditor is planning an assurance engagement. The auditor first reviews the department's business objectives. What is the next step?

Review control activities.
Evaluate potential risks.
Establish risk management roles.
Set the scope of the engagement.

Answer(s): B

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QUESTION: 275 Exam Topic: 3, Volume C

Which characteristic of risk assessment makes it a useful tool for audit planning?

It provides a list of auditable activities in the organization.
It ranks the severity of potentially adverse effects on the organization.
It provides a process for identifying and analyzing potentially adverse effects.
It evaluates the probability that an event or action may adversely affect the organization.

Answer(s): C

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QUESTION: 276 Exam Topic: 3, Volume C

An internal audit manager is supervising an engagement. A senior auditor deviates from the approved engagement plan but meets all deadlines in the approved time schedule. Which activity is not required for the audit manager to provide proper engagement supervision?

Actively participate in audit procedures.
Ensure that all engagement objectives are met.
Approve the deviation from the engagement plan.
Ensure compliance with the time schedule.

Answer(s): A

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Free IIA-CIA-Part2 Exam Braindumps (page: 69)

QUESTION: 273 Exam Topic: 3, Volume C

QUESTION: 274 Exam Topic: 3, Volume C

QUESTION: 275 Exam Topic: 3, Volume C

QUESTION: 276 Exam Topic: 3, Volume C