Free IIA-CIA-Part1 Questions Attempt

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Question 20

According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?

Options:

The organizational culture rewards critical and objective thinking.

The quality of work performed by the internal audit activity is periodically reviewed,

The organization establishes effective governing body oversight,

Audit assignments are rotated among internal audit staff

Question 21

An organization is considering purchasing a new banking software system and has asked the internal audit activity to evaluate the system. An internal auditor assigned to perform the engagement worked at the software company two years ago and is familiar with the system's design strengths and weaknesses. Which of the following is true regarding impairment to the auditor's objectivity?

Options:

This situation does not necessitate any action related to the auditor's objectivity.

The auditor should decline to perform the audit because personal conflicts of interest are likely.

The auditor must disclose to the chief audit executive that this situation may impair her objectivity.

The auditor can provide only consulting services, not assurance.

Question 22

An internal auditor discovered that a former colleague from the internal audit activity now works in a junior position in a department scheduled for an upcoming audit. How can the auditor best ensure his objectivity for this engagement?

Options:

Recommend mat the chief audit executive outsource the upcoming audit engagement

Proceed with the audit engagement in accordance with the internal audit manual

Increase the amount of fieldwork in order to build greater credibility for audit conclusions

Declare a conflict of interest and hand over the engagement to another auditor

Question 23

An internal audit team was assigned to review the organization’s information security protocol After fieldwork was completed an internal auditor identified an error in the review of security access The error could affect the overall results of the engagement Which of the following is the most appropriate course of action for the internal auditor?