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CIA IIA-CIA-Part2 Dumps PDF

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Question 32

An internal auditor has been asked to join a project team to help design controls in a software application to address specific risks that have been identified by the team Which of the following actions is most appropriate for the internal auditor to perform?

Options:

A.

Facilitate a control assessment to ensure all application risks were appropriately identified

B.

Advise the project team on how to develop effective controls

C.

Direct the project team to implement the appropriate controls within the software application

D.

Provide assurance that the design of the controls will mitigate the identified application risks

Question 33

Management requested internal audit consulting services. During fieldwork significant control issues were identified by the internal audit team. Which of the following is an appropriate response from the chief audit executive?

Options:

A.

End the consulting engagement and report the results to management as planned

B.

Report the significant control issues to senior management and the board and recommend corrective action

C.

Mutually agree with the engagement client on corrective actions

D.

Focus on the consulting engagement and schedule an assurance engagement next to address the control issues

Question 34

In which of following scenarios is the internal auditor performing benchmarking?

Options:

A.

The auditor compares information from one period with the same information from the poor period

B.

The auditor compares new information to his general knowledge of the organization

C.

The auditor compares information he collected with simmer information from another source

D.

The auditor compares expected outcomes with actual results

Question 35

An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable pacts The auditor learns that production data used for generating automatic purchases via electronic interchange is collected on personal computers connected by a local area network (LAN) Purchases are made from authorized vendors based on both the production plans for the next month and an authorized materials requirements plan (MRP) that identifies the parts needed per unit of production The auditor suspects the shutdowns are occurring because purchasing requirements have not been updated for changes in production techniques. Which of the following audit procedures should be used to test the auditor's theory?

Options:

A.

Compare purchase orders generated from test data input into the LAN with purchase orders generated from production data for the most recent period

B.

Develop a report of excess inventory and compare the inventory with current production volume

C.

Compare the pans needed based on current production estimates and the MRP for the revised production techniques with the purchase orders generated from the system for the same period

D.

Select a sample of production estimates and MRPs for several periods and trace them into the system to determine that input is accurate

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Exam Code: IIA-CIA-Part2
Exam Name: Practice of Internal Auditing
Last Update: Dec 22, 2024
Questions: 482
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