IIA-CIA-Part1 Exam Dumps | The internal audit activity is responsible for conducting fraud investigations. A potential fraud instance

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Question 279/349

The internal audit activity is responsible for conducting fraud investigations. A potential fraud instance was identified during an audit engagement. The chief audit executive appoints a lead investigator. Which of the following would most likely be the next step?

A. Ask internal auditors to gather all relevant information and evidence.

B. Identify and interview witnesses first and potential suspects later.

C. Conduct a fraud risk assessment to identify the most vulnerable areas.

D. Determine the competencies needed and assess whether team members have a conflict of Interest.

Question List (349q): Question 1: With regard to the internal audit activity's quality assuran...; Question 2: Which of the following is most accurate concerning corporate...; Question 3: Which of the following types of policies best helps promote ...; Question 4: According to IIA guidance, which of the following statements...; Question 5: According to IIA guidance, which policy, established by the ...; Question 6: Which of the following is true regarding risk analysis?...; Question 7: Which of the following is a preventive control the organizat...; Question 8: According to ISO 31000, which of the following statements is...; Question 9: A chief audit executive (CAE) is concerned that the internal...; Question 10: Which of the following scenarios best illustrates due profes...; Question 11: The internal audit activity is asked to review the effective...; Question 12: According to IIA guidance which of the following statements ...; Question 13: Which of the following is the best reason why the engagement...; Question 14: Regarding the chief audit executive (CAE). which ot the foll...; Question 15: The results of an assessment of the adequacy of controls wou...; Question 16: Management would like to self-assess the overall effectivene...; Question 17: Which of the following is an example of risk monitoring to e...; Question 18: At the beginning of an IT development project key risks were...; Question 19: During a quality assessment of the internal audit activity a...; Question 20: Which of the following would best assist the internal audit ...; Question 21: A significant number of employees expressed concerns of a ho...; Question 22: Which of the following is an example of a risk reduction str...; Question 23: According to IIA guidance, which of the following training m...; Question 24: Which of the following skills is most important for an inter...; Question 25: Which of the following would an internal auditor expect to f...; Question 26: Which of the following statements is true regarding corporat...; Question 27: The chief audit executive (CAE) of a large organization has ...; Question 28: Which of the following best describes the Standards requirem...; Question 29: Due to extreme liquid fuel price fluctuations, management de...; Question 30: According to IIA guidance, which of the following should be ...; Question 31: Which of the following statements is true regarding organiza...; Question 32: An internal auditor is updating the risk register for risks ...; Question 33: Which of the following is true regarding the stakeholder the...; Question 34: According to HA guidance, which of the following is true reg...; Question 35: Which of the following represents an example of an ethical i...; Question 36: Senior management has decided to adopt the key principles ap...; Question 37: A chief audit executive (CAE) has been asked by the board to...; Question 38: Management has implemented a segregation-of-duties policy fo...; Question 39: Prior to commencing a financial compliance engagement, the e...; 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Question 66: Which of the following must be in existence as a preconditio...; Question 67: Which of the following tools would be most useful to an inte...; Question 68: Which of the following is the best example of a computer for...; Question 69: Which of the following is (he most effective way any organiz...; Question 70: What is the main difference between a consulting engagement ...; Question 71: Which of the following drivers of fraud is directly controll...; Question 72: Which of the following engagements would be considered an ap...; Question 73: A senior executive at a government-owned organization receiv...; Question 74: An internal auditor in a newly established internal audit ac...; Question 75: Which of the following approaches will internal audit utiliz...; Question 76: Which of the following is a way to demonstrate an individual...; Question 77: Which of the following describes the internal audit activity...; Question 78: According to IIA guidance, which of the following statements...; 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Question 105: Which of the following situations presents the lowest risk o...; Question 106: Following a quality assurance review of a small internal aud...; Question 107: For a new board chair who has not previously served on the o...; Question 108: Which of the following would be most helpful to measure whet...; Question 109: The chief audit executive (CAE) planned an in-person group t...; Question 110: An internal auditor is reviewing the results of an employee ...; Question 111: An organization is considering purchasing a new banking soft...; Question 112: An organization's operations management is aware of existing...; Question 113: Which of the following describes a primary responsibility fo...; Question 114: According to IIA guidance, which of the following activities...; Question 115: A newly hired chief audit executive is reviewing available d...; Question 116: Which of the following fundamental principles of The IIA's C...; Question 117: What is due professional care in internal audit? 4: Standard...; 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Question 183: Which of the following is the most appropriate way to ensure...; Question 184: Which of the following strategies for professional developme...; Question 185: The internal audit activity is responsible for conducting fr...; Question 186: Which of the following frauds is most likely to occur in the...; Question 187: In which of the following audits would the internal auditors...; Question 188: In which of the following scenarios would the chief audit ex...; Question 189: An electrician visits a client to assess the scope of work. ...; Question 190: An internal auditor was offered expensive tickets to a sport...; Question 191: Tre chiet audit executive (CAE) of large organization is pre...; Question 192: Which of the following is a typical characteristic of an org...; Question 193: A large commercial bank was fined by regulators for fraudule...; Question 194: Which combination of strategies would provide the best evalu...; Question 195: Which statement accurately describes the authority of the in...; 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Question 209: The auditor's aunt has been working in management of the are...; Question 210: Which of the following is a limitation of detective internal...; Question 211: During a monthly internal audit staff meeting, the chief aud...; Question 212: Which of the following statements is true regarding how the ...; Question 213: Management authorizes internal audit only to view production...; Question 214: Which of the following activities is most likely to require ...; Question 215: A newly appointed chief audit executive (CAE) started analyz...; Question 216: According to MA guidance, which of the following is true wit...; Question 217: Which of the following is the best way for internal auditors...; Question 218: A manufacturing organization's chief audit executive (CAE) w...; Question 219: Six months after an employee was transferred to the internal...; Question 220: An engagement supervisor notes that an internal auditor usua...; Question 221: A business unit manager was impressed by the competence of t...; 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Question 235: According to NA guidance, which of the following describes t...; Question 236: Which of the following statements is true regarding an organ...; Question 237: Which of the following statements is true regarding manageme...; Question 238: According to IIA guidance, which of the following is the str...; Question 239: Which of the following demonstrates that the internal audit ...; Question 240: Which of the following statements is true regarding organiza...; Question 241: Which of the following best describes the differences betwee...; Question 242: Which of the following is true about a system of internal co...; Question 243: According to IIA guidance, which of the following statements...; Question 244: Which of the following statements is true regarding electron...; Question 245: According to IIA guidance, which of the following is most cr...; Question 246: Which of the following is true with regard to an organizatio...; Question 247: An internal auditor has documented several instances in whic...; Question 248: As a result of a high-profile processing error, respective b...; Question 249: According to IIA guidance, a new internal auditor is expecte...; Question 250: Which of the following is an indicator that the internal aud...; Question 251: An internal auditor wants to compare her organization's gove...; Question 252: Which of the following risk management techniques best descr...; Question 253: Which of the following situations is most likely to threaten...; Question 254: Due to unfavorable economic conditions management decided to...; Question 255: Which of the following documents would promote objectivity w...; Question 256: The board of directors of a global organization has found an...; Question 257: Internal audit is performing an engagement to determine whet...; Question 258: Which of the following statements would typically be include...; Question 259: A third-party provider's questionable labor practices have e...; Question 260: Which of the following actions by an organization's board wo...; 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Question 287: According to IIA guidance, which of the following would be i...; Question 288: Which of the following is the best example of a risk appetit...; Question 289: During an audit of company expenses, the internal auditor pe...; Question 290: Which of the following is a greater consideration for intern...; Question 291: Which of the following is a consulting service the internal ...; Question 292: Which of the following scenarios best illustrates the Fraud ...; Question 293: Which of the following statements best describes internal au...; Question 294: An existing Internal audit charter is currently under review...; Question 295: What is the primary reason a chief audit executive should de...; Question 296: A newly hired internal auditor is most likely to need furthe...; Question 297: Which of the following requests, if accepted by the internal...; Question 298: Which of the following situations would cause the greatest c...; Question 299: At a conference, an interna! auditor presented a new compute...; Question 300: Management is installing security cameras to identify unauth...; Question 301: During a payroll audit, the internal auditor discovered that...; Question 302: According to IIA guidance, which of the following actions is...; Question 303: Which of the following statements is true regarding control ...; Question 304: Which of the following is the primary engagement responsibil...; Question 305: A newly hired internal auditor is performing an engagement t...; Question 306: According to IIA guidance, which of the following statements...; Question 307: A chief audit executive (CAE) was asked by senior management...; Question 308: An internal auditor is performing testing to gather evidence...; Question 309: Which of the following would the chief audit executive be re...; Question 310: To achieve conformance with the Standards, the chief audit e...; Question 311: According to HA guidance, which of the following would best ...; Question 312: Which of the following situations would best indicate to the...; Question 313: The same internal auditor has audited the regional purchasin...; Question 314: Which of the following is the most appropriate reason for a ...; Question 315: An Internal auditor accepted a role as an engagement supervi...; Question 316: Which of the following preventive controls would be most eff...; Question 317: The internal auditor of a small manufacturer noted that the ...; Question 318: Which of the following is a primary benefit of implementing ...; Question 319: Which of the following statements is true regarding internal...; Question 320: Which of the following circumstances would most likely be co...; Question 321: While auditing an organization's credit approval process, an...; Question 322: The head of human resources notified the internal audit acti...; Question 323: Which of the following is the best way for an internal audit...; Question 324: Which of the following best describes a consulting engagemen...; Question 325: The board of a newly established organization was discussing...; 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Question 339: The chief audit executive (CAE) is drafting the annual inter...; Question 340: What should the chief audit executive do when the internal a...; Question 341: Which of the following best demonstrates conformance with th...; Question 342: Which of the following statements is the most appropriate ex...; Question 343: The internal auditor obtained large volumes of transaction h...; Question 344: After being assigned to an audit of the accounts payable pro...; Question 345: Which of the following actions is a chief audit executive mo...; Question 346: In its five years of existence, an internal audit activity c...; Question 347: Which of the following documents are internal auditors most ...; Question 348: The chief audit executive (CAE) has assigned an internal aud...; Question 349: Which of the following are considered root causes of fraud?...

Question 279/349

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