WGU D560 Internal Auditing |OA| Objective Assessment|
Actual Questions and Answers Latest Updated
(Graded A+)
Correct
Incorrect
1 of 59
Term
An internal auditor of a company is part of a risk assessment team
and assists a board member in holding a brainstorming session with
the team to discuss fraud risk scenarios perpetrated by sole
individuals and multiple individuals. Which step of fraud risk
assessment is the board member conducting?
Monitoring activities Determining the tone at the top
Identifying inherent fraud risks Safeguarding assets against loss
Don't know?
, 2 of 59
Term
What is the responsibility of the information processing employees
in an organization?
Give this one a try later!
Overseeing organizational financial Managing human resources and
planning and budgeting employee benefits programs
Managing centralized IT
Developing strategic marketing resources and performing the
campaigns and initiatives routine input, processing, and
output activities
Don't know?
3 of 59
Term
Which entity is responsible for developing, issuing, and maintaining
the Code of Ethics in the International Professional Practices
Framework (IPPF)?
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, The Global Audit Oversight The International Internal Audit
Committee Standards Board
The International Accounting
The Internal Audit Certification Board
Standards Board
Don't know?
4 of 59
Term
Which scenario demonstrates an internal auditor's assessment of a
company's soft controls?
Give this one a try later!
The internal auditor assesses
whether the company's mission
The internal auditor checks the
and vision statements align with
compliance with tax regulations.
the tone the board wants to set
at the top.
The internal auditor evaluates the
The internal auditor reviews the
company's financial reporting
efficiency of supply chain operations.
procedures.
Don't know?
5 of 59
, Term
Which principle of the internal auditor's Code of Ethics is associated
with the behavioral norm of performing work with honesty, diligence,
and responsibility?
Give this one a try later!
Morality Integrity
Transparency Authenticity
Don't know?
6 of 59
Term
The leadership of a fast-growing start-up creates a formalized
organizational chart to clearly assign authority, designations, and
responsibilities. Which key component of internal controls is the
leadership addressing?
Give this one a try later!
Control environment Reconciliation activities
Actual Questions and Answers Latest Updated
(Graded A+)
Correct
Incorrect
1 of 59
Term
An internal auditor of a company is part of a risk assessment team
and assists a board member in holding a brainstorming session with
the team to discuss fraud risk scenarios perpetrated by sole
individuals and multiple individuals. Which step of fraud risk
assessment is the board member conducting?
Monitoring activities Determining the tone at the top
Identifying inherent fraud risks Safeguarding assets against loss
Don't know?
, 2 of 59
Term
What is the responsibility of the information processing employees
in an organization?
Give this one a try later!
Overseeing organizational financial Managing human resources and
planning and budgeting employee benefits programs
Managing centralized IT
Developing strategic marketing resources and performing the
campaigns and initiatives routine input, processing, and
output activities
Don't know?
3 of 59
Term
Which entity is responsible for developing, issuing, and maintaining
the Code of Ethics in the International Professional Practices
Framework (IPPF)?
Give this one a try later!
, The Global Audit Oversight The International Internal Audit
Committee Standards Board
The International Accounting
The Internal Audit Certification Board
Standards Board
Don't know?
4 of 59
Term
Which scenario demonstrates an internal auditor's assessment of a
company's soft controls?
Give this one a try later!
The internal auditor assesses
whether the company's mission
The internal auditor checks the
and vision statements align with
compliance with tax regulations.
the tone the board wants to set
at the top.
The internal auditor evaluates the
The internal auditor reviews the
company's financial reporting
efficiency of supply chain operations.
procedures.
Don't know?
5 of 59
, Term
Which principle of the internal auditor's Code of Ethics is associated
with the behavioral norm of performing work with honesty, diligence,
and responsibility?
Give this one a try later!
Morality Integrity
Transparency Authenticity
Don't know?
6 of 59
Term
The leadership of a fast-growing start-up creates a formalized
organizational chart to clearly assign authority, designations, and
responsibilities. Which key component of internal controls is the
leadership addressing?
Give this one a try later!
Control environment Reconciliation activities
