IIA IIA-CIA-PART2 dumps - 100% Pass Guarantee!

The following are potential sources of evidence regarding the effectiveness of a division's total quality management program. The least persuasive evidence would be a comparison of:

A. Employee morale before and after program implementation.

B. Scrap and rework costs before and after program implementation.

C. Customer returns before and after program implementation.

D. Manufacturing and distribution costs per unit before and after program implementation.

Why should internal auditors develop a strong relationship with the external auditors?

A. External auditors offer an additional layer of approval to internal auditors' reports.

B. External auditors can help improve the effectiveness of internal control sampling techniques.

C. External auditors can offer an independent and knowledgeable viewpoint.

D. External auditors can share information gained from work with similar clients.

Which of the following should be included in the scope of an audit of a third-party contractor?

1.

Budgets and financial forecasts for the project.

2.

Contractor's information and control systems.

3.

Contractor's financial position.

4.

Progress of the project and costs incurred.

A. 1 and 4 only

B. 1, 2, and 3 only

C. 2, 3, and 4 only

D. 1, 2, 3, and 4

The chief audit executive (CAE) notes that management has adopted the option of not taking action on an audit issue involving a sizeable risk which has been accepted in the past. Which would be an appropriate action by the CAE?

A. Close the issue by noting that follow-up will be completed as part of the next engagement.

B. Discuss the matter with management to determine a resolution.

C. Accept management's decision as the same risk has been accepted in the past.

D. Report the situation to the board for immediate resolution.

According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?

A. The organization's audit universe is extensive and diverse.

B. There has been an increase in unanticipated requests for advisory work.

C. Previous work provided by the external service provider has been of great quality and value.

D. A recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.