1
Certified Internal Auditor - Exam 1
Questions and Answers
Abuse - -Correct Answer-Occurs when the conduct of an activity or function
falls short of expectations for prudent behavior.
Abuse is distinguished from noncompliance in that abusive conditions may
not directly violate laws or regulations.
Abusive activities may be within the letter of the laws and regulations but
violate either their spirit or the more general standards of impartial and ethical
behavior"
Activity reports - -Correct Answer-Highlight significant audit findings and
recommendations and inform senior management and the board of any
significant deviations from approved audit work schedules, staffing plans, and
financial budgets, and the reasons for them.
Add value - -Correct Answer-Providing objective and relevant assurance, and
contributes to the effectiveness and efficiency of governance, risk
management, and control processes.
Alternative risk-transfer tools - -Correct Answer-...
Captive insurance methods - -Correct Answer-...
1
, 2
Financial insurance contracts - -Correct Answer-...
Multiline/multiyear insurance contracts - -Correct Answer-...
Multiple-trigger policies - -Correct Answer-...
Risk securitization - -Correct Answer-...
Analytical procedures - -Correct Answer-...
Anecdotal records - -Correct Answer-...
Appreciation - -Correct Answer-...
Assurance maps - -Correct Answer-...
Assurance services - -Correct Answer-...
Attribute - -Correct Answer-...
Attribute listing - -Correct Answer-...
Attribute sampling - -Correct Answer-...
2
, 3
Auditable activities - -Correct Answer-...
Auditee - -Correct Answer-...
Audit objectives - -Correct Answer-...
Audit procedures - -Correct Answer-...
Audit program - -Correct Answer-...
Audit report - -Correct Answer-...
Audit risk - -Correct Answer-...
Audit scope - -Correct Answer-...
Audit working papers - -Correct Answer-...
Audit work schedules - -Correct Answer-...
Authorization - -Correct Answer-...
Authorizing - -Correct Answer-...
3
Certified Internal Auditor - Exam 1
Questions and Answers
Abuse - -Correct Answer-Occurs when the conduct of an activity or function
falls short of expectations for prudent behavior.
Abuse is distinguished from noncompliance in that abusive conditions may
not directly violate laws or regulations.
Abusive activities may be within the letter of the laws and regulations but
violate either their spirit or the more general standards of impartial and ethical
behavior"
Activity reports - -Correct Answer-Highlight significant audit findings and
recommendations and inform senior management and the board of any
significant deviations from approved audit work schedules, staffing plans, and
financial budgets, and the reasons for them.
Add value - -Correct Answer-Providing objective and relevant assurance, and
contributes to the effectiveness and efficiency of governance, risk
management, and control processes.
Alternative risk-transfer tools - -Correct Answer-...
Captive insurance methods - -Correct Answer-...
1
, 2
Financial insurance contracts - -Correct Answer-...
Multiline/multiyear insurance contracts - -Correct Answer-...
Multiple-trigger policies - -Correct Answer-...
Risk securitization - -Correct Answer-...
Analytical procedures - -Correct Answer-...
Anecdotal records - -Correct Answer-...
Appreciation - -Correct Answer-...
Assurance maps - -Correct Answer-...
Assurance services - -Correct Answer-...
Attribute - -Correct Answer-...
Attribute listing - -Correct Answer-...
Attribute sampling - -Correct Answer-...
2
, 3
Auditable activities - -Correct Answer-...
Auditee - -Correct Answer-...
Audit objectives - -Correct Answer-...
Audit procedures - -Correct Answer-...
Audit program - -Correct Answer-...
Audit report - -Correct Answer-...
Audit risk - -Correct Answer-...
Audit scope - -Correct Answer-...
Audit working papers - -Correct Answer-...
Audit work schedules - -Correct Answer-...
Authorization - -Correct Answer-...
Authorizing - -Correct Answer-...
3
