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IIA-CIA-Part2 – Certified Internal Auditor - Part 2, Conducting the Internal Audit Engagement

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Showing 1–3 of 20 questions

Question 1 (Volume D)

Due to the expanded role of internal audit in the organization, the chief audit executive (CAE) of a construction company decides to employ the services of an outsourced audit service provider to augment the internal audit staff. What does the CAE need to consider in determining whether the outsourced audit service provider possesses the necessary knowledge, skills and other competencies to perform an audit engagement?

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    Specific matters expected to be covered in the engagement communications.
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    The financial interest that the external service provider may have in the organization.
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    The extent of other ongoing services the external service provider may be performing for the organization.
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    The reputation of the external service provider.
Question 2 (Volume E)

An internal auditor conducted interviews with several employees, documented the interviews, analyzed the summaries, and drew a number of conclusions. What sort of audit evidence has the internal auditor primarily obtained?

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    Documentary evidence.
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    Testimonial evidence.
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    Analytical evidence.
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    Physical evidence.
Question 3 (Volume D)

Which two of the following considerations must an internal auditor take into account while planning an audit of an accounting system/application that has been in use for the last five years?

• The level and manner of linkages between the business' mission, objectives, and structure and the accounting system/application.

• Presence or absence of computerized and manual controls that address risks.

• Identification of risks at the application level, e.g. availability and security of the system.

• Testing of the system/application for bugs and errors.

Select an option, then click Submit answer.

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    1 and 3 only
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    2 and 3 only
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    2 and 4 only
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    3 and 4 only