← Back to exam page

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

Loading demo links...

Showing 13–15 of 20 questions

Question 13 (Volume E)

When constructing a staffing schedule for the internal audit activity (IAA), which of the following criteria are most important for the chief audit executive to consider for the effective use of audit resources?

1. The competency and qualifications of the audit staff for specific assignments.

2. The effectiveness of IAA staff performance measures.

3. The number of training hours received by staff auditors compared to the budget.

4. The geographical dispersion of audit staff across the organization.

Select an option, then click Submit answer.

  • ○

    1 and 3
  • ○

    1 and 4
  • ○

    2 and 3
  • ○

    2 and 4
Question 14 (Volume E)

The chief audit executive can illustrate the value of the internal audit activity by reporting which of the following to the board?

Select an option, then click Submit answer.

  • ○

    The overall performance resulting from the internal audit balanced scorecard.
  • ○

    The number of outstanding and overdue management actions.
  • ○

    The experience of the organization's internal auditors.
  • ○

    The number of audits in the annual audit plan relative to similar organizations.
Question 15 (Volume E)

Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements?

1. Consider employees from other operational areas as audit resources, to provide additional audit coverage in the organization.

2. Approach an external service provider to conduct internal audits on certain areas of the organization, due to a lack of skills in the organization.

3. Suggest to the audit committee that an audit of technology be deferred until staff can be trained, due to limited IT audit skills among the audit staff.

4. Communicate to senior management a summary report on the status and adequacy of audit resources.

Select an option, then click Submit answer.

  • ○

    1 and 3 only
  • ○

    2 and 4 only
  • ○

    1, 2, and 4
  • ○

    2, 3, and 4