Free IIA-CHAL-QISA Exam Dumps Preview

An organization uses the management-by-objectives method, whereby employee performance is based on defined goals.

Which of the following statements is true regarding this approach?

The audit plan requires a review of the testing procedures used in pre-production of a large information system prior to its live launch.
If the chief audit executive (CAE) is uncertain that the current audit team has all the required knowledge to conduct the engagement, which of the following would be the most appropriate course of action for the CAE to take to preserve independence?

Following an IT systems audit, management agreed to implement a specific control in one of the IT systems. After a period, the internal auditor followed up and learned that management had not implemented the agreed management action due to the decision to move to another IT system that has built-in controls, which may address this risks highlighted by the Internal audit.

Which of the following Is the most appropriate action to address the outstanding audit recommendation?

Which of the following is the primary engagement responsibility of an entry-level internal auditor?

Operational management In the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings.
This activity is designed to prevent which of the following conditions?

Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence.

Which of the following is the internal auditor's most appropriate next step?

When using cost-volume-profit analysis, which of the following will increase operating income once the break-even point has been reached?

Which of the following best demonstrates internal auditors performing their work with proficiency?

In the years after the mid-service point of a depreciable asset, which of the following depreciation methods will result in the highest depreciation expense?

An internal auditor is performing testing to gather evidence regarding an organization's inventory account balance and is mindful of the possibility that the sample used might support the conclusion that the recorded account balance is not materially misstated when, in fact, it is The auditor's concern best describes which of the following risks?

The internal audit activity plans to assess the effectiveness of management's self-assessment activities regarding the risk management process.

Which of the following procedures would be most appropriate to accomplish this objective?

During an assurance engagement an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies.

Which of the following skills did the auditor demonstrate?

According to the IIA Code of Ethics, which of the following is required with regard to communicating results?

An investor has acquired an organization that has a dominant position in a mature, slow-growth industry and consistently creates positive financial income.

Which of the following terms would the investor most likely label this investment in her portfolio?

Which of the following is essential for ensuring that the internal audit activity's findings and recommendations receive adequate consideration?

Which of the following internal audit activities is performed in the design evaluation phase?

Which of the following is most likely to impair the organizational independence of the internal audit activity?

Which of the following best describes the risk contained in an initial public offering for a new stock?

Which of the following activities Is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?

1. Consult on CSR program design and implementation
2. Serve as an advisor on CSR governance and risk management.
3. Review third parties for contractual compliance with CSR terms
4. Identify and mitigate risks to help meet the CSR program objectives

A rapidly expanding retail organization continues to be tightly controlled by its original small management team.

Which of the following is a potential risk in this vertically centralized organization?

An organization has a mature control environment but limited internal audit resources.
Given this scenario, on which of the following should the internal auditors focus their testing?

According to IIA guidance, which of the following is true regarding typical fraud schemes?

1. A diversion occurs when an employee has an undisclosed personal economic interest in a transaction that adversely affects the organization
2. Tax evasion is intentional reporting of false or misleading information on a tax return by an organization to reduce taxes owed.
3. Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization's records
4. Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services