IIA-CIA-Part2 Exam Dumps | The internal audit activity can be involved with systems development continuously, immediately prior

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Question 139/178

The internal audit activity can be involved with systems development continuously, immediately prior to implementation, after implementation, or not at all. An advantage of continuous internal audit involvement compared to the other types of involvement is that:

A. The threat of lack of audit independence can be minimized.

B. There are clearly defined points at which to issue audit comments.

C. Redesign costs can be minimized.

D. The cost of audit involvement can be minimized.

Question List (178q): 1 commentQuestion 1: The chief audit executive (CAE) determined that based on man...; Question 2: When performing a compliance audit of the organization's out...; Question 3: An internal auditor is reviewing a new automated human resou...; Question 4: An audit of a company's accounts payable found that the indi...; Question 5: According to IIA guidance, which of the following is the lea...; Question 6: A company has recently incurred significant cost overruns on...; Question 7: Which of the following types of contracts would provide the ...; Question 8: As a result of a recent discovery of false information on em...; Question 9: Which of the following would constitute a violation of the I...; Question 10: Which of the following situations might allow an employee to...; Question 11: Which of the following is most appropriate when conducting a...; Question 12: An internal auditor has been assigned to facilitate a risk a...; Question 13: Which of the following is the best problem-solving technique...; Question 14: The balanced scorecard approach differs from traditional per...; Question 15: Which of the following data collection strategies systematic...; Question 16: According to IIA guidance, which of the following statements...; Question 17: Which of the following controls in a computerized consumer l...; Question 18: An audit client responded to recommendations from a recent c...; Question 19: According to IIA guidance, which of the following are potent...; Question 20: Reviewing internal audit report drafts with clients is: 1. R...; Question 21: Which of the following would be the best audit procedure to ...; Question 22: According to IIA guidance, which of the following individual...; Question 23: An internal audit activity implemented an integrated test fa...; Question 24: What is the most important risk in determining the validity ...; Question 25: Which of the following procedures would be most helpful in p...; Question 26: Which of the following statements is correct regarding the u...; Question 27: A manufacturing organization is considering a merger with a ...; Question 28: The internal audit activity (IAA) wants to measure its perfo...; Question 29: A company owns a machine that will produce 100 light switche...; Question 30: Which of the following must an auditor establish in order to...; Question 31: Which of the following is not a primary reason for outsourci...; Question 32: New environmental regulations require the board to certify t...; Question 33: In evaluating the validity of different types of audit evide...; Question 34: If observed during fieldwork by an internal auditor, which o...; Question 35: When determining the nature, timing, and extent of follow up...; Question 36: Which of the following best defines an audit opinion?...; Question 37: An audit of a Web-based third-party payment processor determ...; Question 38: If participants in a control self-assessment workshop begin ...; Question 39: An internal auditor submitted a report containing recommenda...; Question 40: The chief risk officer (CRO) of a large manufacturing organi...; Question 41: Which of the following is a detective control for managing t...; Question 42: It is close to the fiscal year end for a government agency, ...; Question 43: A bakery chain has a statistical model that can be used to p...; Question 44: A bank uses a risk analysis matrix to quantify the relative ...; Question 45: A manufacturer is under contract to produce and deliver a nu...; Question 46: Which of the following is the most appropriate step for the ...; Question 47: A retail company uses a computer program that matches electr...; Question 48: An internal auditor is reviewing purchases made through the ...; Question 49: To furnish useful and timely information and promote improve...; Question 50: Under what circumstances would internal audit not become inv...; Question 51: During an audit of an ethics program, which of the following...; Question 52: Which of the following audit planning activities adds the le...; Question 53: As part of an operational audit, an auditor compared records...; Question 54: Which of the following is the best approach for obtaining fe...; Question 55: Which of the following techniques could be used to evaluate ...; Question 56: Which of the following files, when compared with billing rec...; Question 57: An internal auditor is assessing the organization's risk man...; Question 58: Which of the following would not be an appropriate step for ...; Question 59: According to the International Professional Practices Framew...; Question 60: A company used simple regression analysis to analyze mainten...; Question 61: An internal auditor is conducting a review of the procuremen...; Question 62: Information gathered in a forensic investigation of business...; Question 63: After completing a fraud investigation but before publishing...; Question 64: Company A has a formal comprehensive corporate code of ethic...; Question 65: An organization has developed a large database that tracks e...; Question 66: According to the Standards, which of the following is applic...; Question 67: According to IIA guidance, which of the following statements...; Question 68: An audit identified a number of weaknesses in the configurat...; Question 69: The use of standard operating procedure questionnaires in au...; Question 70: Which of the following data sources would provide the least ...; Question 71: A chief audit executive (CAE) received a detailed internal r...; Question 72: An organization has adopted an enterprise-wide risk manageme...; Question 73: A governmental auditor was assigned to determine reasons why...; Question 74: A report prepared by the internal audit activity contains se...; Question 75: While preparing the annual audit plan, the newly assigned ch...; Question 76: An internal auditor provided the following statement about d...; Question 77: While performing a follow-up of a concern about equipment-in...; Question 78: Which of the following statements is correct regarding the a...; Question 79: An internal auditor notices that a division has recorded unc...; Question 80: After completing a net present value (NPV) calculation on a ...; Question 81: Which of the following recommendations made by the internal ...; Question 82: The chief executive officer has requested that the chief aud...; Question 83: For which of the following fraud engagement activities would...; Question 84: If an auditor is sampling to test compliance with a particul...; Question 85: The internal audit activity's primary responsibility in a re...; Question 86: An internal auditor for a financial institution has just com...; Question 87: Which of the following methods would an auditor most likely ...; Question 88: Production managers for a manufacturing company are authoriz...; Question 89: The external auditor has identified a number of production p...; Question 90: According to IIA guidance, which of the following is true re...; Question 91: Which of the following would provide the greatest assurance ...; Question 92: According to IIA guidance, which of the following are the mo...; Question 93: Which of the following is not likely to be included as an au...; Question 94: According to IIA guidance, which of the following are approp...; Question 95: An audit of management's quality program includes testing th...; Question 96: While investigating a compromised Web server, an auditor fou...; Question 97: Five brand managers in a consumer products company met to de...; Question 98: According to IIA guidance, which of the following are benefi...; Question 99: A code of business conduct should include which of the follo...; Question 100: An internal auditor compared the number of human resources p...; Question 101: When developing the scope of an audit engagement, which of t...; Question 102: A chief audit executive (CAE) is determining which engagemen...; Question 103: When approving the final engagement report, which of the fol...; Question 104: A chief audit executive (CAE) is evaluating four potential a...; Question 105: A recent survey indicated that residents of a small town tak...; Question 106: In response to an accounts receivable confirmation, a custom...; Question 107: While developing a risk based audit plan, which of the follo...; Question 108: Which of the following is a red flag associated with fictiti...; Question 109: The chief audit executive of a large publicly held bank is u...; Question 110: Which of the following conditions is the strongest indicator...; Question 111: Which of the following actions is related to the preliminary...; Question 112: Due to price risk from the foreign currency purchase of avia...; Question 113: Which sampling plan requires no additional sampling once the...; Question 114: An organization's board would like to establish a formal ris...; Question 115: While performing an audit of the human resources department,...; Question 116: Which of the following is least likely to vary when conducti...; Question 117: Which of the following activities would be performed during ...; Question 118: An internal auditor has been assigned to perform a quality a...; Question 119: Which of the following is true regarding roles and responsib...; Question 120: Which of the following statements is true?...; Question 121: Which of the following examples of audit evidence is the mos...; Question 122: The chief audit executive (CAE) notes during review of the f...; Question 123: In a review of an electronic data interchange application us...; Question 124: A chief audit executive (CAE) of a major retailer has engage...; Question 125: After becoming aware of control weaknesses indicating that a...; Question 126: Which of the following describes an internal auditor's respo...; Question 127: According to the International Professional Practices Framew...; Question 128: According to the International Professional Practices Framew...; Question 129: Which of the following would be an appropriate improvement t...; Question 130: Which of the following is the most common method management ...; Question 131: Productivity statistics are provided quarterly to a company'...; Question 132: Which of the following conclusions would be appropriate for ...; Question 133: Which of the following tests must an internal auditor perfor...; Question 134: What would be used to determine the collectability of accoun...; Question 135: Monetary-unit sampling is most useful when the internal audi...; Question 136: An audit of an organization's fulfillment department discove...; Question 137: An internal auditor would most likely use attributes samplin...; Question 138: Which of the following factors could interfere with effectiv...; Question 139: The internal audit activity can be involved with systems dev...; Question 140: If management expects 100 percent compliance with a procedur...; Question 141: With which of the following would the internal audit activit...; Question 142: According to IIA guidance,when performing a compliance audit...; Question 143: Which of the following procedures would provide the best evi...; Question 144: In reviewing the appropriateness of the minimum quantity lev...; Question 145: During an engagement, an internal auditor discovered that an...; Question 146: A chief audit executive has noticed that staff auditors are ...; Question 147: The internal auditor's opinion in terms of due professional ...; Question 148: Which of the following actions has the least influence on th...; Question 149: According to the Standards, which of the following best desc...; Question 150: An organization has recently incurred significant cost overr...; 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Question 139/178

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