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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 16–18 of 20 questions

Question 16 (New Update)

Which of the following organizational practices is likely to be a part of a corporate social responsibility program?

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    A mining company practices backfilling and planting trees after mining within an area.
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    A construction company ensures that its workers are paid at the regulated minimum wage.
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    A foods manufacturer sources cheap raw materials to generate higher profits for distribution to its employees.
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    A bank listed on the national stock exchange consistently pays dividends to its shareholders.
Question 17 (Volume C)

Some of a company's payroll transactions were batch posted to the payroll file but were not uploaded correctly to the general ledger file on the mainframe. The best control to detect this type of error would be.

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    Edit controls on the payroll file.
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    Appropriate segregation of duties for batch approval.
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    Validation of hash totals.
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    Reconciliation of paychecks to the bank account.
Question 18 (Volume C)

Within the internal audit process, which of the following is not a significant advantage of employing a control model?

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    It provides guidance on identifying control deficiencies for each internal audit engagement.
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    It recognizes the need to evaluate both hard and soft controls.
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    It assists internal auditors in assessing the achievement of management's objectives.
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    It validates the findings and recommendations of the internal audit.