Passed Exam Today IIA-ACCA

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Question 32

Which of the following is least likely to help ensure that risk is considered in a work program?

Options:

Risks are discussed with audit client.

All available information from the risk-based plan is used.

Client efforts to affect risk management are considered.

Prior risk assessments are considered.

Question 33

Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?

Options:

Identifying and managing risks in line with the entity's risk appetite.

Ensuring that a proper and effective risk management process exists.

Attaining an adequate understanding of the entity's key mitigation strategies.

Identifying and ensuring that appropriate controls exist to mitigate risks.

Question 34

Which of the following is an effective approach for internal auditors to take to improve collaboration with audit clients during an engagement?

1. Obtain control concerns from the client before the audit begins so the internal auditor can tailor the scope accordingly.

2. Discuss the engagement plan with the client so the client can understand the reasoning behind the approach.

3. Review test criteria and procedures where the client expresses concerns about the type of tests to be conducted.

4. Provide all observations at the end of the audit to ensure the client is in agreement with the facts before publishing the report.

Options:

1 and 2 only

1 and 4 only

2 and 3 only

3 and 4 only

Question 35

The external auditor has identified a number of production process control deficiencies involving several departments. As a result, senior management has asked the internal audit activity to complete internal control training for all related staff. According to IIA guidance, which of the following would be the most appropriate course of action for the chief audit executive to follow?