IIA-CIA-Part1 Exam Dumps | What would be the proper sequence of steps for an internal auditor to take in order to draw a conclusion

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Question 326/349

What would be the proper sequence of steps for an internal auditor to take in order to draw a conclusion on internal control effectiveness and adequacy after ascertaining the key controls?

A. Evaluate the adequacy of the controls and then test the controls for effectiveness.

B. Test the controls for effectiveness and then evaluate the adequacy of the controls.

C. Identify risks and then evaluate the controls for effectiveness.

D. Evaluate the controls for effectiveness and then assess the risks in the area.

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...; Question 40: An internal audit team was assigned to review the organizati...; Question 41: Which of the following concepts is emphasized in the Mission...; Question 42: An internal auditor is reviewing employee travel expenses fr...; Question 43: Which of the following is true for consulting engagements'?...; Question 44: The internal audit activity is undergoing a self-assessment ...; Question 45: A subsidiary of the organization was preparing for an initia...; Question 46: Which of the following statements describes the activities p...; Question 47: Which of the following is an example of corruption?...; Question 48: An internal auditor is trying to evaluate what could go wron...; Question 49: In which of the following scenarios would it be appropriate ...; Question 50: In which scenario might it be considered problematic for the...; Question 51: Which of the following actions would an internal auditor per...; Question 52: According to The IIA's Competency Framework, which competenc...; Question 53: At a construction company, supervisors are entitled to bonus...; Question 54: When a plant manager from within the organization is hired a...; Question 55: Which of the following would be Included in ongoing monitori...; Question 56: Which of the following survey questions would be most effect...; Question 57: A chief audit executive (CAE) is considering hiring a candid...; Question 58: With regard to organizational governance assurance, which of...; Question 59: An audit engagement required that an internal auditor, using...; Question 60: The internal audit activity is asked to provide consulting s...; Question 61: A chief audit executive ensures that the internal audit acti...; Question 62: Which of the following would best describe a control impleme...; Question 63: Which of the following would provide the best support for in...; Question 64: Which of the following types of fraud tests would be most ef...; Question 65: According to IIA guidance, which of the following best demon...; 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...; Question 79: Which of the following should be considered in developing a ...; Question 80: Which of the following activities best demonstrates an inter...; Question 81: Which of the following should play a leading role in oversee...; Question 82: An internal auditor has completed an assurance engagement Wh...; Question 83: The chief audit executive (CAE) decided to conduct a self-as...; Question 84: An organization's board of directors has decided that the in...; Question 85: Once an organization's risks are identified, what would be t...; Question 86: Considering the concepts of organization wide risk managemen...; Question 87: Which of the following principles of The IIA's Code of Ethic...; Question 88: An internal auditor performed a risk assessment and conclude...; Question 89: While conducting an engagement in the procurement department...; Question 90: When beginning an engagement to assess the effectiveness of ...; Question 91: An accounts payable clerk has recently transferred into the ...; Question 92: To meet the resource requirements of this year's internal au...; Question 93: A new company's risk management function is developing its c...; Question 94: Which of the following best demonstrates that the internal a...; Question 95: What is the best course of action when the internal audit ac...; Question 96: Which of the following is an appropriate role for the intern...; Question 97: Which of the following should an internal auditor take into ...; Question 98: Which of the following conditions classifies an engagement a...; Question 99: Which of the following best demonstrates organizational inde...; Question 100: During fieldwork, an internal auditor located a significant ...; Question 101: During an audit engagement of a large retail store, internal...; Question 102: Which of the following skills is critical for assessing corp...; Question 103: The chief audit executive (CAE) annually develops a budget a...; Question 104: Which of the following is an example of impairment to intern...; 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...; Question 118: Management assessed the organization's risk of expanding ope...; Question 119: Which of the following is most likely to impair the internal...; Question 120: Which of the following should a general internal auditor be ...; Question 121: An internal audit activity includes in its audit reports the...; Question 122: The collaborating style for conflict resolution, where the p...; Question 123: Which of the following would best serve to deter unethical b...; Question 124: An internal auditor observed that sales staff are able to mo...; Question 125: According to IIA guidance, which of the following is necessa...; Question 126: During an assurance engagement, an internal auditor uses ben...; Question 127: Upon joining the internal audit activity, each new auditor r...; Question 128: The accounting department asked the chief audit executive (C...; Question 129: In an internal audit charter, which of the following stateme...; Question 130: The management at a national consumer goods organization imp...; Question 131: According to IIA guidance, which of the following is accurat...; Question 132: Which of the following fraud schemes is often an off-book fr...; Question 133: Which of the following items related to the quality assuranc...; Question 134: Which of the following best describes a responsibility of th...; Question 135: The management team of an agricultural organization has prio...; Question 136: Which of the following engagement areas would allow the inte...; Question 137: When performing an audit of the risk management process an a...; Question 138: An organization employs ongoing monitoring and is considerin...; Question 139: In which of the following scenarios is the internal auditor ...; Question 140: An internal auditor was completely honest with operational m...; Question 141: In which of the following ways could stakeholders be engaged...; Question 142: According to IIA guidance, which of the following corporate ...; Question 143: Which of the following would be an important aspect of an in...; Question 144: During the audit of taxation processes in the organization i...; Question 145: Which of the following internal controls best mitigates the ...; Question 146: Which of the following is a detective control strategy again...; Question 147: According to the IIA Code of Ethics, which of the following ...; Question 148: Which of the following represents a deficiency in the contro...; Question 149: According to NA guidance, which of the following is true reg...; Question 150: Which of the following is a true statement regarding control...; Question 151: An organization is testing a new IT system for digital data ...; Question 152: Which of the following corporate social responsibility strat...; Question 153: According to IIA guidance, which of the following actions be...; Question 154: An internal auditor is assessing how the organization proces...; Question 155: Which of the following activities best ensures that internal...; Question 156: Which of the following can be used to minimize employees' re...; Question 157: Evidence discovered during the course of an engagement sugge...; Question 158: Which of the following statements is true regarding the disc...; Question 159: Which of the following best describes the internal audit act...; Question 160: An organization's fraud policies and procedures dictate that...; Question 161: The manager of the payroll department requested a review of ...; Question 162: Which of the following options describes the reason that con...; Question 163: According to MA guidance, which of the following statements ...; Question 164: When issuing his department's performance report, a sales di...; Question 165: In a small company with a small budget, the board and senior...; Question 166: A chief audit executive (CAE) recruited a few new internal a...; Question 167: According to MA guidance, which of the following best descri...; Question 168: Which of the following is part of a fraud detection program?...; Question 169: Who is responsible for setting the risk appetite?...; Question 170: Which of the following actions best demonstrates an internal...; Question 171: A chief audit executive (CAE) has no direct access to the bo...; Question 172: Which of the following would best preserve the organizationa...; Question 173: Which of the following best demonstrates internal auditors p...; Question 174: An organization has limited resources to spend on corporate ...; Question 175: According to IIA guidance, which of the following statements...; Question 176: Which of the following situations undermines the independenc...; Question 177: Regarding assurance and consulting services provided by the ...; Question 178: IT management requires all employees in the IT department to...; Question 179: In an assurance engagement focused on the adequacy of organi...; Question 180: Which of the following best describes the internal audit act...; Question 181: An organization opened its warehouse to sell written-off sur...; Question 182: During an assurance engagement the internal audit team disco...; 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...; Question 196: Which of the following would be the most effective fraud pre...; Question 197: An organization is conducting a fraud risk assessment as par...; Question 198: A new internal auditor was recently recruited to the interna...; Question 199: Which of the following is a control that is used mainly to c...; Question 200: Upon completion of an external assessment as part of the qua...; Question 201: A chief audit executive assigned an internal auditor to perf...; Question 202: Which of the following would be considered a violation of Th...; Question 203: Which of the following describes an ongoing monitoring activ...; Question 204: According to IIA guidance, which of the following actions be...; Question 205: The principle that "no action should be taken that may harm ...; Question 206: Which of the following is an indicator that the organization...; Question 207: How should the internal audit activity promote continuous im...; Question 208: Which of the following statements is true regarding the impo...; 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...; Question 222: Which of the following scenarios would cause a chief audit e...; Question 223: Which of the following activities would breach the principle...; Question 224: In which of the following ways can a whistleblower hotline s...; Question 225: Which of the following scenarios violates The IIA's standard...; Question 226: An engagement supervisor obtains facilities maintenance repo...; Question 227: An accounts payable clerk has recently transferred Into the ...; Question 228: Which of the following best demonstrates conformance with II...; Question 229: Which of the following best demonstrates organizational inde...; Question 230: Which data analytics competency is critical for new internal...; Question 231: According to NA guidance, which of the following conditions ...; Question 232: An organization is in the process of hiring a new chief audi...; Question 233: While preparing the audit plan for an automobile manufacturi...; Question 234: An internal auditor was assigned to work in the procurement ...; 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...; Question 261: According to the Standards, which of the following demonstra...; Question 262: According to IIA guidance, the nature and scope of assurance...; Question 263: Senior management purchased surveillance cameras and install...; Question 264: Which of the following actions should the organization's gov...; Question 265: Which of the following is a true statement regarding whistle...; Question 266: During an assurance engagement, an internal auditor identifi...; Question 267: The internal audit activity audited an organization's risk m...; Question 268: Which of the following best describes the type of risk that ...; Question 269: Which of the following indicates that internal audit indepen...; Question 270: Which of the following best demonstrates that an internal au...; Question 271: What is the primary purpose of The IIA's Code of Ethics?...; Question 272: Management of an area under review is aggressive, upset, and...; Question 273: For a high-risk observation, which is the best approach to f...; Question 274: In the COSO internal control framework, which of the followi...; Question 275: According to IIA guidance, which of the following is an appr...; Question 276: Which of the following statements best represents the duo pr...; Question 277: Which of the following would be considered advanced expertis...; Question 278: An electric company hires several independent contractors to...; Question 279: The internal audit activity is responsible for conducting fr...; Question 280: The chief audit executive (CAE) has hired a new internal aud...; Question 281: The internal audit activity plans to audit a supplier qualit...; Question 282: An organization established 20 years ago has had its interna...; Question 283: According to NA guidance which of the following should be do...; Question 284: A chief audit executive has reported to the board that the i...; Question 285: According to NA guidance, which of the following practices b...; Question 286: A senior Internal auditor was hired Into a large Internal au...; 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...; Question 326: What would be the proper sequence of steps for an internal a...; Question 327: During the planning stage of an assurance engagement, a payr...; Question 328: According to IIA guidance, which of the following is the mos...; Question 329: An internal audit activity is performing a governance engage...; Question 330: Which of the following is a role internal auditors should un...; Question 331: Which of the following practices, applied by the chief audit...; Question 332: There is a growing perception that employees generally evade...; Question 333: Operational management in the IT department has developed ke...; Question 334: An internal auditor extended the scope of testing for a disb...; Question 335: In an environment where employees are frequently penalized f...; Question 336: The internal audit activity conducted an organization wide r...; Question 337: Which of the following is considered to be a threat to the i...; Question 338: At what point in time can an organization conclude that the ...; 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 326/349

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