CISA - EXAM 3 questions with correct answers

Q01) The success of control self-assessment depends highly on: A) assigning staff managers, the responsibility for building controls. B) the implementation of a stringent control policy and rule-driven controls. C) line managers assuming a portion of the responsibility for control monitoring. D) the implementation of supervision and monitoring of controls of assigned duties. Correct Answer-C) CORRECT. Line managers assuming a portion of the responsibility for control monitoring is correct. The primary objective of a control self-assessment (CSA) program is to leverage the internal audit function by shifting some of the control monitoring responsibilities to the functional area line managers. The success of a CSA program depends on the degree to which line managers assume responsibility for controls. This enables line managers to detect and respond to control errors promptly. A) INCORRECT. Assigning staff managers, the responsibility for building controls is incorrect. CSA requires managers to participate in the monitoring of controls. B) INCORRECT. The implementation of a stringent control policy and rule-driven controls is incorrect. The implementation of stringent controls will not ensure controls are working correctly. D) INCORRECT The implementation of supervision and monitoring of controls of assigned duties is incorrect. Better supervision is a compensating and detective control and may assist in ensurin