IIA IIA-CHAL-QISA Qualified Info Systems Auditor CIA Challenge Exam Exam Practice Test Questions

• Question 1

  According to IIA guidance, which of the following statements about analytical procedures is true?

  • Analytical procedures compare information against expectations
  • Analytical procedures begin after the engagements planning phase.
  • Analytical procedures provide internal auditors with explainable results.
  • Analytical procedures are computer-assisted audit techniques

  Show Answer Answer: A Next

• Question 2

  A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?

  • Review or establish a documented skills assessment of the internal audit staff and gather information from post-audit surveys.
  • Obtain from the human resources department the job descriptions and position requirements for all internal audit staff.
  • Conduct an objective written test of the internal audit staff to assess their knowledge and skills related to core internal audit competencies.
  • Request the internal audit staff to submit a document that summarizes their most recent performance appraisals and post audit reviews.

  Show Answer Answer: A Next

• Question 3

  Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?

  • Appoint the chief audit executive as a member of the board.
  • Adopt written policies and procedures for the internal audit activity, approved by the board.
  • Ensure the chief audit executive reports administratively to the audit committee.
  • Establish the internal audit activity's position within the organization in an audit charter

  Show Answer Answer: D Next

• Question 4

  The internal audit activity is asked to review the effectiveness of controls around the disposal of chemical waste. However, the internal auditors on staff lack the necessary skills to conduct this review Which of the following would be the most appropriate approach?

  • An internal auditor who recently attended a three-day workshop on chemical waste disposal, and therefore has the most knowledge on the topic, should lead the engagement.
  • A team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.
  • A team of the most knowledgeable auditors could be assembled and use the engagement work program from the previous year to gather additional insight regarding recommended audit procedures
  • A nonaudit employee from the chemical disposal area may share his expertise with the audit team, provided the internal audit manager conducts a detailed review of all engagement work performed.

  Show Answer Answer: B Next

• Question 5

  When determining the level of staff and resources to be dedicated to an assurance engagement, which of the following would be the most relevant to the chief audit executive?

  • The overall adequacy of the internal audit activity's resources
  • The availability of guest auditors for the engagement
  • The number of internal auditors used for the previous review of the same area.
  • The available resources with the specific skill set required

  Show Answer Answer: D Next