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Question 36/178

The chief executive officer has requested that the chief audit executive (CAE) coordinate the establishment of an enterprise risk management (ERM) program for the organization. Which of the following would be the most appropriate action for the CAE?

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Question List (178q)
Question 1: Which of the following statements is false regarding roles a...
Question 2: Company A has a formal comprehensive corporate code of ethic...
Question 3: Which of the following would provide the best audit evidence...
Question 4: Given the scarcity of internal audit resources, a chief audi...
Question 5: Which of the following statements describes an engagement pl...
Question 6: The chief audit executive of a large publicly held bank is u...
Question 7: The scope of a consulting engagement performed by internal a...
Question 8: The chief audit executive (CAE) of a new organization is in ...
Question 9: Which of the following data sources would provide the least ...
Question 10: Which of the following statements is true pertaining to inte...
Question 11: Which of the following factors could interfere with effectiv...
Question 12: Which of the following would be an appropriate improvement t...
Question 13: In response to an accounts receivable confirmation, a custom...
Question 14: If the chief audit executive believes that senior management...
Question 15: Access control software on an organization's mainframe compu...
Question 16: A staff auditor, nearly finished with an audit engagement, d...
Question 17: Which of the following are key characteristics of enterprise...
Question 18: Which of the following will be an appropriate course of acti...
Question 19: According to IIA guidance,which of the following is true abo...
Question 20: In which of the following cases is it appropriate for an aud...
Question 21: Production managers for a manufacturing company are authoriz...
Question 22: Which of the following topics must the internal audit staff ...
Question 23: According to the International Professional Practices Framew...
Question 24: Which of the following is a responsibility of the internal a...
Question 25: The scope of a business process review primarily involves:...
Question 26: An internal auditor determines that certain information from...
Question 27: Because of an abundance of high priority requests from manag...
Question 28: Which of the following is the least relevant when preparing ...
Question 29: A key to effective benchmarking in a consulting engagement i...
Question 30: Which of the following would most likely include recommendat...
Question 31: An internal auditor is reviewing purchases made through the ...
Question 32: Which of the following evaluation criteria would be the most...
Question 33: A newly promoted chief audit executive (CAE) is faced with a...
Question 34: The final internal audit report should be distributed to whi...
Question 35: Which of the following should be included in a privacy audit...
Question 36: The chief executive officer has requested that the chief aud...
Question 37: The chief audit executive (CAE) notes during review of the f...
Question 38: Which of the following potential performance measures should...
Question 39: Which of the following would provide the best evidence of co...
Question 40: An organization contracted a third party to construct a new ...
Question 41: In response to an audit finding, senior management informed ...
Question 42: Which of the following items should be addressed in an organ...
Question 43: Which of the following, if observed, would not indicate the ...
Question 44: An internal control questionnaire would be most appropriate ...
Question 45: Which of the following situations would best support the dec...
Question 46: According to IIA guidance, which of the following factors sh...
Question 47: When planning an audit engagement, what should an internal a...
Question 48: A post-audit questionnaire sent to audit clients is an effec...
Question 49: Which of the following tasks is typically performed in the a...
Question 50: Which of the following actions is related to the preliminary...
Question 51: A report prepared by the internal audit activity contains se...
Question 52: If participants in a control self-assessment workshop begin ...
Question 53: Cross-referencing individual payroll time cards to personnel...
Question 54: An internal auditor has completed an audit of an organizatio...
Question 55: While performing a follow-up of a concern about equipment-in...
Question 56: Which of the following would cause a company's accounts rece...
Question 57: A payroll clerk enters payroll transactions into the general...
Question 58: An audit of management's quality program includes testing th...
Question 59: If an auditor expects to find numerous discrepancies between...
Question 60: An auditor decides to perform an inventory turnover analysis...
Question 61: Which of the following methods would an auditor most likely ...
Question 62: An internal auditor notes that employees continue to violate...
Question 63: What is the most likely source of information for a detailed...
Question 64: When interrogating an individual who is suspected of fraud, ...
Question 65: Which of the following is the primary reason the chief audit...
Question 66: A bakery chain has a statistical model that can be used to p...
Question 67: Which of the following is used to identify and prioritize cr...
Question 68: Checklists used to assess audit risk have been criticized fo...
Question 69: Which of the following is not an outcome of control self-ass...
Question 70: According to IIA guidance, which of the following statements...
Question 71: An internal auditor is conducting tests to determine if an o...
Question 72: Which of the following is the correct ratio to use in calcul...
Question 73: Many questionnaires are made up of a series of different que...
Question 74: Which of the following does not represent a difficulty in us...
Question 75: According to IIA guidance, which of the following accurately...
Question 76: During an assurance engagement, an internal auditor noted th...
Question 77: Which of the following factors would not be considered in de...
Question 78: A retail sales company has discontinued a product that norma...
Question 79: An internal auditor found that the cost of some material ins...
Question 80: An internal auditor is reviewing a new automated human resou...
Question 81: Which of the following conclusions would be appropriate for ...
Question 82: What is the primary reason for having audit management appro...
Question 83: Which of the following conditions are necessary for successf...
Question 84: When conducting a performance appraisal of an internal audit...
Question 85: A code of business conduct should include which of the follo...
Question 86: Which of the following is not relevant when developing recom...
Question 87: The board has asked the internal audit activity (IAA) to be ...
Question 88: According to the International Professional Practices Framew...
Question 89: Which of the following is an appropriate responsibility for ...
Question 90: Which of the following would be the least desirable criteria...
Question 91: When approving the final engagement report, which of the fol...
Question 92: The chief risk officer (CRO) of a large manufacturing organi...
Question 93: Which of the following is least likely to help ensure that r...
Question 94: During an engagement, an internal auditor discovered that an...
Question 95: According to the International Professional Practices Framew...
Question 96: The best method for assessing the relative importance of ris...
Question 97: The chief audit executive (CAE) determined that based on man...
Question 98: During a systems development audit, software developers indi...
Question 99: An auditor-in-charge is preparing her audit team for a consu...
Question 100: A chief audit executive is preparing interview questions for...
Question 101: Which of the following is a preventive control strategy agai...
Question 102: An organization has developed a large database that tracks e...
Question 103: An audit of a Web-based third-party payment processor determ...
Question 104: An organization does not have a formal risk management funct...
Question 105: A manufacturer is under contract to produce and deliver a nu...
Question 106: Which of the following would be the best audit procedure to ...
Question 107: An internal auditor is conducting an assessment of the purch...
Question 108: Which of the following tests must an internal auditor perfor...
Question 109: Which of the following would have the least significance in ...
Question 110: After partially completing an internal control review of the...
Question 111: Which of the following audit planning activities adds the le...
Question 112: An organization's internal audit plan includes a recurring a...
Question 113: Due to a recent system upgrade, an audit is planned to test ...
Question 114: Which of the following would be an appropriate role of the i...
Question 115: An internal auditor is conducting an assessment of the organ...
Question 116: The internal audit activity performs the following sequence ...
Question 117: Which of the following tasks would be considered unusual for...
Question 118: While conducting a payroll audit, an internal auditor in a l...
Question 119: Which of the following is a weakness that is inherent in the...
Question 120: Which of the following is the most common method management ...
Question 121: An auditor used a questionnaire during an interview to gathe...
Question 122: During the quarterly review of the internal audit activity's...
Question 123: An internal auditor would most likely use attributes samplin...
Question 124: An internal auditor recommended that an organization impleme...
Question 125: Which of the following is the best problem-solving technique...
Question 126: At the conclusion of an audit of an organization's treasury ...
Question 127: During a consulting engagement, an internal auditor identifi...
Question 128: An organization's internal auditors are reviewing production...
Question 129: An organization has a large number of vendors supplying good...
Question 130: During a review of performance measures in an organization's...
Question 131: In a sampling application, the group of items about which th...
Question 132: Which of the following situations would justify the removal ...
Question 133: To furnish useful and timely information and promote improve...
Question 134: In order to effectively elicit sensitive information from an...
Question 135: A company used simple regression analysis to analyze mainten...
Question 136: According to IIA guidance, which of the following are benefi...
Question 137: Audit supervision includes approval of the engagement report...
Question 138: Which of the following is an advantage of an interim report?...
Question 139: A bank uses a risk analysis matrix to quantify the relative ...
Question 140: Which of the following situations might allow an employee to...
Question 141: During the planning phase of an audit of the treasury functi...
Question 142: An organization decides to create an internal audit function...
Question 143: During an audit of a branch bank, an internal auditor learne...
Question 144: Which of the following would most likely cause an internal a...
Question 145: Which of the following examples of audit evidence is the mos...
Question 146: Which of the following would be an appropriate and effective...
Question 147: The chief audit executive (CAE) decided that based on manage...
Question 148: The following is an excerpt from an audit engagement workpap...
Question 149: According to IIA guidance, which of the following individual...
Question 150: Which of the following would have the least impact (either p...
Question 151: In forming a team to investigate an organization's potential...
Question 152: An audit of an organization's claims department determined t...
Question 153: According to IIA guidance, which of the following statements...
Question 154: An internal auditor has been assigned to perform a quality a...
Question 155: According to IIA guidance, which of the following is true re...
Question 156: All of the following tools are employed to control large-sca...
Question 157: A limitation of using ratio analysis in an audit engagement ...
Question 158: A company's policy requires that all customers be treated in...
Question 159: In a review of an electronic data interchange application us...
Question 160: According to IIA guidance, which of the following activities...
Question 161: According to the Standards, which of the following would hav...
Question 162: An internal auditor has a recommendation to change operation...
Question 163: New credit policies have been implemented in an automated or...
Question 164: Which of the following actions has the least influence on th...
Question 165: Which of the following would be the most effective method to...
Question 166: After becoming aware of control weaknesses indicating that a...
Question 167: Which of the following is not a direct benefit of control se...
Question 168: Which of the following is an advantage to using the question...
Question 169: Which of the following is a red flag associated with fictiti...
Question 170: During an audit of a major contract, an auditor finds that a...
Question 171: What is the most important risk in determining the validity ...
Question 172: An internal auditor is evaluating controls over the purchasi...
Question 173: According to the Standards, which of the following would lea...
Question 174: Which of the following types of sampling techniques should a...
Question 175: The internal audit activity's primary responsibility in a re...
Question 176: When creating the internal audit plan, the chief audit execu...
Question 177: An internal auditor provided the following statement about d...
Question 178: If an auditor is sampling to test compliance with a particul...