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Question 103/214

It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for approval. According to IIA guidance, which of the following items should be submitted only to the CEO?

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Question List (214q)
1 commentQuestion 1: Checklists used to assess audit risk have been criticized fo...
Question 2: According to the Standards, which of the following is an att...
Question 3: An internal auditor notes that employees continue to violate...
Question 4: Which of the following audit procedures is most suitable for...
Question 5: Cross-referencing individual payroll time cards to personnel...
Question 6: A report prepared by the internal audit activity contains se...
Question 7: Which of the following would be a red flag that indicates th...
Question 8: An organization's board would like to establish a formal ris...
Question 9: During an operational audit of a chain of pizza delivery sto...
Question 10: A large retail organization, which sells most of its product...
Question 11: When internal auditors provide consulting services, the scop...
Question 12: While reviewing the draft report of an audit engagement, the...
Question 13: Which of the following events would most likely cause the ch...
Question 14: During a consulting engagement, an internal auditor identifi...
Question 15: Risk assessments can vary in format, but generally include: ...
Question 16: An internal auditor compares real-time gasoline production d...
Question 17: A chief audit executive (CAE) has decided to add an engageme...
Question 18: The chief audit executive (CAE) of a large retail operation ...
Question 19: A retail sales company has discontinued a product that norma...
Question 20: An auditor-in-charge is preparing her audit team for a consu...
Question 21: According to IIA guidance, which of the following are the mo...
Question 22: To furnish useful and timely information and promote improve...
Question 23: Which of the following is most appropriate when conducting a...
Question 24: The final internal audit report should be distributed to whi...
Question 25: An audit of a Web-based third-party payment processor determ...
Question 26: An auditor receives anonymous information that fraud is occu...
Question 27: According to the Standards, which of the following control s...
Question 28: All of the following tools are employed to control large-sca...
Question 29: Which of the following is not a direct benefit of control se...
Question 30: During an audit of an ethics program, which of the following...
Question 31: Which of the following events would most likely cause the ch...
Question 32: Which of the following would not be a typical activity for t...
Question 33: When conducting research, which of the following is most imp...
Question 34: After issuance of the engagement final communication for an ...
Question 35: Which of the following performance criteria would be most us...
Question 36: The chief audit executive (CAE) determined that based on man...
Question 37: The chief risk officer (CRO) of a large manufacturing organi...
Question 38: During an assurance engagement, an internal auditor noted th...
Question 39: A payroll clerk enters payroll transactions into the general...
Question 40: A chief audit executive (CAE) is evaluating four potential a...
Question 41: An internal auditor is assigned to conduct an audit of secur...
Question 42: While reviewing the draft report of an audit engagement, the...
Question 43: An internal auditor is discussing an audit problem with an e...
Question 44: A large investment organization hired a chief risk officer (...
Question 45: An appliance repair company is considering relocating the ce...
Question 46: Which of the following would be a red flag that indicates th...
Question 47: During an audit of the accounts receivable (AR) process, an ...
Question 48: An organization s inventory is stored m multiple warehouses....
Question 49: When setting the scope for the identification and assessment...
Question 50: Which of the following would most likely cause an internal a...
Question 51: During an audit of a major contract, an auditor finds that a...
Question 52: Which of the following statements is true regarding the comm...
Question 53: The internal audit activity has adopted the balanced scoreca...
Question 54: Which of the following best defines an engagement conclusion...
Question 55: The chief audit executive (CAE) determined that based on man...
Question 56: An organization does not have a formal risk management funct...
Question 57: One method for dealing with the uncertainty of demand foreca...
Question 58: An internal auditor is conducting an initial risk assessment...
Question 59: Which of the following would not be a typical activity for t...
Question 60: According to IIA guidance, which of the following is true re...
Question 61: An auditor is scheduled to audit payroll controls for a comp...
Question 62: An auditor receives anonymous information that fraud is occu...
Question 63: If an auditor used nonstatistical sampling instead of statis...
Question 64: Which of the following is an advantage of control self-asses...
Question 65: According to the International Professional Practices Framew...
Question 66: During an audit of executive travel, an auditor noted that t...
Question 67: Which of the following would be the best audit procedure to ...
Question 68: An internal audit activity is planning its first audit of IT...
Question 69: Which of the following types of sampling techniques should a...
Question 70: Which of the following is the most appropriate step for the ...
Question 71: During the quarterly review of the internal audit activity's...
Question 72: Which of the following should be included in the scope of an...
Question 73: During an audit of an ethics program, which of the following...
Question 74: What would be used to determine the collectability of accoun...
Question 75: Which of the following procedures would provide the best evi...
Question 76: Which of the following reasonably represents best practices ...
Question 77: What is the primary factor that determines the depth and bre...
Question 78: Which of the following is the most common method management ...
Question 79: Senior management of an organization has requested that the ...
Question 80: Which of the following would be included in an internal audi...
Question 81: An internal auditor noticed that employees with responsibili...
Question 82: At the conclusion of an audit of an organization's treasury ...
Question 83: Which of the following statements about including consulting...
Question 84: Which of the following is a detective control for managing t...
Question 85: During a systems development audit, software developers indi...
Question 86: Which of the following would have the least impact (either p...
Question 87: ---- Risk assessments can vary in format, but generally incl...
Question 88: An audit department has received anonymous information that ...
Question 89: A company has recently incurred significant cost overruns on...
Question 90: An internal audit activity implemented an integrated test fa...
Question 91: Which of the following conditions are necessary for successf...
Question 92: When establishing the internal audit activity's annual plan,...
Question 93: The internal auditor of a bank has developed a multiple regr...
Question 94: Which of the following statements is true pertaining to inte...
Question 95: During an audit of the accounts receivable (AR) process, an ...
Question 96: An internal auditor provided the following statement about d...
Question 97: An internal auditor provided the following statement about d...
Question 98: Monetary-unit sampling is most useful when the internal audi...
Question 99: During an engagement, an internal auditor discovered that an...
Question 100: Which of the following best describes the four components of...
Question 101: Which of the following topics must the internal audit staff ...
Question 102: When performing a compliance audit of the organization's out...
Question 103: It is close to the fiscal year end for a government agency, ...
Question 104: A post-audit questionnaire sent to audit clients is an effec...
Question 105: In a client satisfaction survey for an internal audit engage...
Question 106: Information gathered in a forensic investigation of business...
Question 107: An organization's policies allow buyers to authorize expendi...
Question 108: Which of the following techniques could be used to evaluate ...
Question 109: The following is an excerpt from an audit engagement workpap...
Question 110: A manager of one of a retailer's several retail outlets is s...
Question 111: An internal auditor is planning an assurance engagement. The...
Question 112: Which of the following statements regarding the risk managem...
Question 113: An audit observation noted that annual inventory counts of b...
Question 114: A manufacturing organization is considering a merger with a ...
Question 115: According to IIA guidance, which of the following would not ...
Question 116: Which of the following recommendations made by the internal ...
Question 117: Which of the following would not be an appropriate step for ...
Question 118: Which of the following factors should a chief audit executiv...
Question 119: Which of the following evaluation criteria would be the most...
Question 120: According to IIA guidance, organizations have the most influ...
Question 121: An organization's internal audit plan includes a recurring a...
Question 122: An organization's board would like to establish a formal ris...
Question 123: An organization has developed a large database that tracks e...
Question 124: Direct staff as a percentage of total staff is an example of...
Question 125: An airline contracted with an external service provider to p...
Question 126: An organization has a large number of vendors supplying good...
Question 127: Which of the following is not an outcome of control self-ass...
Question 128: According to IIA guidance, which of the following is the lea...
Question 129: Which of the following types of contracts would provide the ...
Question 130: Which of the following describes an internal auditor's respo...
Question 131: An audit of an organization's fulfillment department discove...
Question 132: The most effective way for internal auditors to enhance the ...
Question 133: While conducting a payroll audit, an internal auditor in a l...
Question 134: Which characteristic of risk assessment makes it a useful to...
Question 135: According to the Standards, which of the following is applic...
Question 136: During the planning phase of an audit of the treasury functi...
Question 137: An internal auditor has been assigned to facilitate a risk a...
Question 138: While conducting a payroll audit, an internal auditor in a l...
Question 139: Which of the following would constitute a violation of the I...
Question 140: An organization has a large number of vendors supplying good...
Question 141: During a review of performance measures in an organization's...
Question 142: The board has asked the internal audit activity (IAA) to be ...
Question 143: An internal auditor is assessing the organization's risk man...
Question 144: During an engagement the internal auditors reported that the...
Question 145: When interviewing an individual in relation to a fraud inves...
Question 146: Which of the following would constitute a violation of the I...
Question 147: Which of the following tasks is typically performed in the a...
Question 148: Which of the following trends found on financial reports wou...
Question 149: The chief audit executive (CAE) of an organization has estab...
Question 150: An organization's internal auditors are reviewing production...
Question 151: What type of analysis is performed when an auditor tests for...
Question 152: An organization contracted a third party to construct a new ...
Question 153: A report prepared by the internal audit activity contains se...
Question 154: Which of the following is the correct ratio to use in calcul...
Question 155: All of the following tools are employed to control large-sca...
Question 156: Which of the following methods would an auditor most likely ...
Question 157: According to IIA guidance, which of the following actions mi...
Question 158: An audit engagement objective at a manufacturer is to determ...
Question 159: An internal auditor wants to determine whether employees are...
Question 160: Prior to performing testing an internal auditor has determin...
Question 161: An audit client responded to recommendations from a recent c...
Question 162: As part of an operational audit of the shipping department, ...
Question 163: Which of the following would constitute a violation of the I...
Question 164: Which of the following statements about internal audit's fol...
Question 165: During a systems development audit, software developers indi...
Question 166: An internal audit activity implemented an integrated test fa...
Question 167: Which of the following might alert an auditor to the possibi...
Question 168: When determining the nature, timing, and extent of follow up...
Question 169: Which of the following would be the least desirable criteria...
Question 170: A chief audit executive agrees to conduct an engagement that...
Question 171: As part of an operational audit, an auditor compared records...
Question 172: Which of the following conditions are necessary for successf...
Question 173: According to IIA guidance, which of the following strategies...
Question 174: An internal auditor has just undertaken an organization-wide...
Question 175: As part of an operational audit, an auditor compared records...
Question 176: After finalizing an assurance engagement concerning safety o...
Question 177: Which of the following types of contracts would provide the ...
Question 178: Which of the following is an example of the verification of ...
Question 179: The chief audit executive (CAE) of a small internal audit ac...
Question 180: An internal auditor notes that employees continue to violate...
Question 181: Which of the following tests must an internal auditor perfor...
Question 182: A chief audit executive (CAE) suspects that several employee...
Question 183: A company has recently incurred significant cost overruns on...
Question 184: Which of the following situations might allow an employee to...
Question 185: Which of the following is an effective way for an internal a...
Question 186: Which of the following audit steps would be most effective t...
Question 187: The chief audit executive (CAE) of an organization has estab...
Question 188: What is the most important risk in determining the validity ...
Question 189: A performance audit engagement typically involves:...
Question 190: A report prepared by the internal audit activity contains se...
Question 191: An internal auditor for a large telecommunications organizat...
Question 192: Which of the following is an example of the verification of ...
Question 193: Which of the following is the correct ratio to use in calcul...
Question 194: Which of the following statements is true?...
Question 195: When developing the scope of an audit engagement, which of t...
Question 196: An internal auditor tested whether purchase orders were supp...
Question 197: An internal audit activity is participating in the due dilig...
Question 198: An internal auditor is conducting tests to determine if an o...
Question 199: When addressing the excessive overtime being paid lo employe...
Question 200: According to IIA guidance, which of the following would not ...
Question 201: Which of the following is true about surveys?...
Question 202: The chief audit executive (CAE) of a new organization is in ...
Question 203: Which of the following would most likely contribute to discr...
Question 204: While performing a follow-up of a concern about equipment-in...
Question 205: An auditor evaluating excessive product rejection rates shou...
Question 206: Which of the following would be an appropriate and effective...
Question 207: A chief audit executive (CAE) received a detailed internal r...
Question 208: As part of a preliminary survey of the purchasing function, ...
Question 209: Company A has a formal comprehensive corporate code of ethic...
Question 210: Which of the following conditions should a chief audit execu...
Question 211: After completing a fraud investigation but before publishing...
Question 212: According to the Standards, which of the following best desc...
Question 213: The chief audit executive (CAE) of a small internal audit ac...
Question 214: The following audit observation was included in the final au...