CIA IIA-CIA-Part1 Release Date

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Question 16

A telecommunications organization is planning to cease operations in one or the markets in which it operates due to increasing volatility and uncertainties. Which of the following risk management techniques is the organization selecting?

Options:

Risk acceptance.

Risk avoidance.

Risk sharing.

Risk reduction.

Question 17

Which of the following would most likely be classified as a consulting engagement?

Options:

Examining the internal control effectiveness of the marketing department

Assessing the adequacy of the IT system's business process design

Facilitating a self assessment of the organizations business risk and control identification

Reviewing the application controls in the human resources system

Question 18

A chief audit executive (CAE) recruited a few new internal auditors to reduce the resource gaps identified in this year's internal audit plan. One of the new recruits has several years of experience with the organization. Ten months ago. she served as a senior supervisor in the finance department. However, for the past 10 months, she has been helping the organization with implementing a new IT system. What approach should the CAE take for the upcoming financial statement controls audit?

Options:

Assign the new auditor to assist with conducting the fieldwork. but ensure that her work is reviewed by the CAE.

Assign the new auditor to assist with developing the audit program, but ensure that the audit program is executed by other audit staff.

Ensure that the new auditor's previous manager, and other close former coworkers, are excused during the audit.

Ensure that the new auditor is responsible only for the supervisory review, but not the execution of the audit field work.

Question 19

In addition to her internal audit activity responsibilities, the chief audit executive has been asked to oversee the organization's insurance function. Which of the following responses is most appropriate?