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IIA-CIA-Part1 – Certified Internal Auditor - Part 1, The Internal Audit Activity's Role in Governance, Risk, and Control

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Showing 7–9 of 20 questions

Question 7 (New Update)

Which of the following would be a preventive control for helping to manage fraud in an organization?

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    Reviews of reports to determine which issued payments lack evidence of supervisory review.
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    A monthly review of new vendors performed by management for reasonableness.
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    Bank reconciliations performed on a monthly basis by the accounting department.
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    A code of conduct and whistleblower policy that must be signed by all employees annually.
Question 8 (Volume F)

An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

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    Condition section.
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    Criteria section.
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    Effect section.

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    Cause section.

Question 9 (Volume B)

Which of the following internal controls is likely to prevent pollution from waste disposal before it occurs, rather than detect it after it occurs?

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    Identification of large budget variances in disposal costs for hazardous chemicals.
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    Restricted access to environmental department files.
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    Formal on-the-job training program conducted by the environmental staff.
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    Samples of water and solid waste taken daily with the results recorded in a log.