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QUESTION: 11

Which of the following steps would not be included in a program of selecting and developing human resources for an internal audit department?

Scheduling periodic meetings with individual auditors, during which the chief audit executive provides counsel regarding each auditor's performance and professional career development.
Establishing an internal review team to assess the auditors' and audit department's compliance with standards, level of audit effectiveness, and compliance with departmental policy.
Developing specific job descriptions for audit staff, audit managers, and other auditing positions.
Establishing in-house training programs and requiring continuing education for audit staff.

Answer(s): B

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QUESTION: 12

To ensure that due professional care has been taken during an audit engagement, an internal auditor should always

Ensure that all financial information related to the engagement is included in the audit plan and examined for irregularities.
Document all audit tests completely.
Consider the possibility of noncompliance or irregularities at all times during an engagement.
Notify the audit committee of any noncompliance or irregularity discovered during an engagement.

Answer(s): C

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According to the Standards, which of the following must an internal auditor take into consideration when performing an assurance engagement of treasury operations?

I). The audit committee has requested assurance of the treasury department's compliance with a new policy on the use of financial instruments.
II). Treasury management has not instituted any risk management policies.
III). Due to the recent sale of a division, the amount of cash and marketable securities managed by the treasury department has increased by 350 percent.
IV). The external auditors have indicated some difficulties in obtaining account confirmations.

I and II only
I and IV only
I, II, and III only
II, III, and IV only

Answer(s): C

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QUESTION: 14

To promote a positive image within an organization, a chief audit executive (CAE) adjusted the audit plan to focus on assurance engagements that highlighted potential costs to be saved. Negative observations were to be omitted from engagement final communications. Which action taken by the CAE would be considered a violation of the Standards?

I). The focus of the audit function was changed without modifying the audit charter or notifying the audit committee.
II). Negative observations were omitted from the engagement final communications.
III). Cost savings and recommendations were highlighted in the engagement final communications.

II only
I and II only
I and III only
I, II, and III

Answer(s): B

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QUESTION: 15

In selecting an instructional strategy for developing internal audit staff, a chief audit executive should first review the

Department's budget constraints
Internal auditors' personal development needs
Content of potential training courses
Organization's objectives.

Answer(s): D

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IIA Certified Internal Auditor Exam CIA Dumps in PDF

Free IIA CIA Real Questions (page: 3)

QUESTION: 11

QUESTION: 12

QUESTION: 13

QUESTION: 14

QUESTION: 15