IIA CIA Certification Exam Questions with AI Explanations

QUESTION: 276

A chief audit executive has noticed that staff auditors are presenting more oral reports to supplement written reports. The best reason for the increased use of oral reports is that they

Reduce the amount of testing required to support audit findings.
Can be delivered in an informal manner without preparation.
Can be prepared using a flexible format and reduce the information included in the written report.
Permit auditors to counter arguments and provide additional information that the audience may require.

Answer(s): D

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QUESTION: 277

Which of the following best defines an audit opinion?

A summary of the significant audit observations and recommendations.
An auditor's evaluation of the effects of the observations and recommendations on the activities reviewed.
A conclusion which must be included in the audit report.
A recommendation for corrective action.

Answer(s): B

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According to the International Professional Practices Framework, which of the following statements is correct regarding the communication of audit results?

I). Summary reports may be issued separately from or in conjunction with the final report.
II). Interim reports may be written or oral.
III). Detailed reports should always be issued to the audit committee.
IV). Interim reports should be used to communicate information which requires immediate attention.

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

Answer(s): C

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QUESTION: 279

Once an audit report is drafted, the auditor's supervisor should review it primarily to ensure that all

Statements are supported and can be authenticated.
Recommendations for corrective action are clear.
Processes within the audited area were reviewed.
Sample sizes appear appropriate for any issues found.

Answer(s): A

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QUESTION: 280

Which of the following is the best approach for obtaining feedback from engagement clients regarding the quality of internal audit work?

Ask questions during the exit interviews and send copies of the documented responses to the clients.
Call engagement clients after the exit interviews and send copies of the documented responses to the clients.
Distribute questionnaires to selected engagement clients shortly before preparing the internal audit annual activity report.
Provide questionnaires to engagement clients at the beginning of each engagement and request that the clients complete and return them after the engagements.

Answer(s): D

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