Free IIA IIA-CHAL-QISA Exam Dumps Questions & Answers

According to ISO 31000, which of the following statements is correct?

• A.  The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.
• B.  The framework is designed to be effective for organizations no matter how small.
• C.  The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities
• D.  The board is responsible for setting the organizational attitude through tone at the top.

Which of the following would most likely form part of the engagement scope?

• A.  Both random and judgmental samplings will be used during the engagement
• B.  Potential legislation on privacy topics will be employed as a compliance target O Wire transfers that exceeded $10,000 in the last 12 months will be analyzed.
• C.  The probability of significant errors will be considered via risk assessment.

Which of the following activities would an internal auditor perform as a consulting engagement for an organization?

• A.  Assessing whether the organization's corporate social responsibility program is meeting its yearly goals to reduce carbon emissions.
• B.  Communicating with senior management to better understand how new purchasing controls will minimize payment processing time
• C.  Briefing the organization's department managers on how to implement risk management processes into their daily operations.
• D.  Advising new internal auditors working for the organization on how to develop strategies on planning audits for the upcoming fiscal year

Internal auditors map a process by documenting the steps in the process, which provides a framework for understanding Which of the following is a reason to use narrative memoranda?

• A.  To document which outputs support other activities.
• B.  To create a detailed risk assessment
• C.  To identify individuals who perform key roles
• D.  To explain a simple process.

An accounts payable clerk has recently transferred into the internal audit activity and has been assigned to an engagement related to accounts payable processes for which he was previously responsible Which of the following is the best action for the new internal auditor to take?

• A.  If it is an assurance engagement, accept the assignment because direct knowledge of the existing accounts payable processes will provide depth and add more value
• B.  If it is a consulting engagement, decline the assignment and ask to be reassigned, because in a consulting engagement the auditor must not assess operations for areas in which they were previously responsible.
• C.  if it is a consulting engagement, accept the assignment because direct knowledge of the existing accounts payable processes will provide depth and add more value
• D.  If it is an assurance engagement, accept the assignment because the chief audit executive hadknowledge of the internal auditor's previous role when this engagement was assigned.