IIA-ACCA Exam Dumps - IIA CIA Challenge Exam Questions and Answers

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.

Internal auditors should take a leading role in investigating all fraud-related cases.

Internal auditors must have sufficient knowledge to evaluate the risk of fraud.

Internal auditors should report all fraud cases to law enforcement agents, in accordance with the Code of Ethics.

Internal auditors are responsible for ensuring that fraud does not occur.

The CAE has no role to play, because the chief health and safety officer reports to a senior executive.

The CAE should coordinate with, and review the work of, the chief health and safety officer to gain an understanding of whether risks related to health and safety are managed properly.

The CAE should give periodic reports directly to the regulator regarding health and safety issues, as it is the appropriate regulatory oversight body.

The CAE should hire an independent external specialist to conduct an annual assessment and provide assurance over the effectiveness of the health and safety program and the reliability of its reports.

Communication.

Persuasion and collaboration.

Business acumen.

Governance, risk, and control.

Interviews with individuals affected by the entity.

Functional walk through test.

Analytical reviews.

Sampling scope.

Planning an engagement of the area in which fraud is suspected.

Employing audit tests to detect fraud.

Interrogating a suspected fraudster.

Completing a process review to improve controls to prevent fraud.

Competent, corroborative evidence of future working capital requirements.

Sufficient, analytical evidence of the cash flow position at a given point of time in the future.

Competent, documentary evidence of future cash flow changes within the organization.

Sufficient, circumstantial evidence of the future solvency of the organization.

An internal auditor reviews a purchasing agent's contract drafts prior to their execution.

An internal auditor reduces the scope of an audit engagement due to budget restrictions.

An internal auditor receives a promotional gift that is available to the organization's employees.

An internal auditor performs an assessment of the operations for which he was recently responsible.

Postpone the audit until the CAE hires internal audit staff with the required knowledge.

Ask the audit committee to decide the course of action.

Select the most experienced auditors in the department to perform the engagement.

Hire consultants who possess the required knowledge to perform the engagement.

It cannot be used to test the completeness assertion.

It cannot be used to test the existence assertion.

It cannot be used to test the occurrence assertion.

It cannot be relied upon because the evidence is not persuasive.