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IIA Essentials of Internal Auditing Sample Questions (Q106-Q111):

NEW QUESTION # 106
Which of the following factors is not likely to affect the level of inherent risk associated with an application system?

  • A. The system uses complex technology.
  • B. The system is strategic.
  • C. Controls over the system appear reliable.
  • D. The system is not a critical operating system.

Answer: C
NEW QUESTION # 107
Which of the following are components of the ISO 31000 risk management process?
1. Setting the context.
2. Risk treatment.
3. Risk avoidance.
4. Communication.

  • A. 2 and 3.
  • B. 1 and 2 only.
  • C. 3 and 4.
  • D. 1,2, and 4.

Answer: B
NEW QUESTION # 108
Which of the following processes or tools can be used as ongoing internal assessments of the performance of the internal audit activity?
Analyses of audit plan completion and cost recoveries.
Selective peer reviews of work papers by staff involved in the respective audits.
Self-assessment of the internal audit activity with on-site validation by a qualified independent reviewer.
Feedback from audit customers and stakeholders.

  • A. 3 and 4 only
  • B. 1 only
  • C. 1,2,and 4 only
  • D. 1 and 2 only

Answer: C
NEW QUESTION # 109
After the draft engagement report is issued, the manager of the area that was reviewed is informally interviewed by the engagement supervisor regarding the audit experience. Which of the following is most likely the purpose for this interview?

  • A. Feedback from the manager will contribute to the audit team's professional development
  • B. The manager will provide insights into the audited industry's trends
  • C. The manager's opinion will be used to form the final audit assessment and report rating.
  • D. Such an interview is performed when there is a need to dismiss an internal auditor

Answer: A
NEW QUESTION # 110
An internal auditor is assessing the risk of employees falsifying reimbursement requests for business-related meals or travel. Which of the following procedures would the internal auditor most likely perform first?

  • A. Review the supplemental documentation provided for a sample of reimbursement requests.
  • B. Interview the payroll/accounting supervisor to determine what controls exist to prevent fraud.
  • C. Establish a flowchart of the payroll/accounting functions that include any controls currently in place.
  • D. Determine whether or not the payroll/accounting department has been subject to regular review.

Answer: C
NEW QUESTION # 111
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