IAP - Practice Test 51-100 | COMPLETE QUESTIONS AND ANSWERS |
2025 UPDATED | 100% RATED CORRECT| GRADED A+| GET IT
CORRECT!!
What is professional skipticism? - (answer)the state of mind in which IA take nothing for
granted; they continuously question what they hear and see and critically assess audit evidence
Engagement plans must document _______ of the engagement - (answer)timing
Preliminary risk assessments are conducted to help determine - (answer)engagement objectives
Can the board's request that the chief audit executive also temporarily assume the responsibility
for the organization's risk management? - (answer)safeguards must be in place to limit
impairments to independence or objectivity. Safeguards will allow the chief audit executive to
assume this additional responsibility.
The risk assessment must be updated at least - (answer)annually
Criteria established by _______ must be used if the internal auditors determine the criteria is
adequate - (answer)management
你是想要一篇“眼睛容易
阅读的”中文文章
When should IA request that the chief audit executive allow the current engagement scope to be
modified to accommodate the additional work - (answer)when additional work is required
beyond the current scope of the engagement
According to the Standards, the ability of the internal audit activity to perform assurance services
where it had previously performed consulting services - (answer)may be provided if objectivity
was not impaired and individual objectivity is managed
the internal audit charter authorizes - (answer)access to records relevant to the performance of
engagements.
, According to the Standards, the engagement scope must be based on the _______ established for
the engagement - (answer)objectives
Regarding the audit planning process, first _______ objectives of the activity being reviewed -
(answer)Consider
What is sufficiency - (answer)To be persuasive, audit evidence must be relevant, reliable and
sufficient criteria to determine the persuasiveness of audit evidence
What sources of information would provide an internal auditor with the highest level of
reliability - (answer)Bank confirmations
What is vouching? - (answer)Vouching is the process of comparing two sources of information
for accuracy and completeness.
CAATs can _______ audit risk for any tests performed - (answer)lower
What are compensating controls - (answer)Compensating controls are designed to supplement
key (primary) controls.
Small organizations typically have challenges _______ due to a limited number of employees -
你是想要一篇“眼睛容易
(answer)separating responsibilities
阅读的”中文文章
_______ is primarily established by the chief executive officer and the observed actions of senior
management - (answer)Tone
The typical scale used for a risk assessment matrix consists of - (answer)Likelihood and impact
Control override typically occurs at the _______ level - (answer)process
2025 UPDATED | 100% RATED CORRECT| GRADED A+| GET IT
CORRECT!!
What is professional skipticism? - (answer)the state of mind in which IA take nothing for
granted; they continuously question what they hear and see and critically assess audit evidence
Engagement plans must document _______ of the engagement - (answer)timing
Preliminary risk assessments are conducted to help determine - (answer)engagement objectives
Can the board's request that the chief audit executive also temporarily assume the responsibility
for the organization's risk management? - (answer)safeguards must be in place to limit
impairments to independence or objectivity. Safeguards will allow the chief audit executive to
assume this additional responsibility.
The risk assessment must be updated at least - (answer)annually
Criteria established by _______ must be used if the internal auditors determine the criteria is
adequate - (answer)management
你是想要一篇“眼睛容易
阅读的”中文文章
When should IA request that the chief audit executive allow the current engagement scope to be
modified to accommodate the additional work - (answer)when additional work is required
beyond the current scope of the engagement
According to the Standards, the ability of the internal audit activity to perform assurance services
where it had previously performed consulting services - (answer)may be provided if objectivity
was not impaired and individual objectivity is managed
the internal audit charter authorizes - (answer)access to records relevant to the performance of
engagements.
, According to the Standards, the engagement scope must be based on the _______ established for
the engagement - (answer)objectives
Regarding the audit planning process, first _______ objectives of the activity being reviewed -
(answer)Consider
What is sufficiency - (answer)To be persuasive, audit evidence must be relevant, reliable and
sufficient criteria to determine the persuasiveness of audit evidence
What sources of information would provide an internal auditor with the highest level of
reliability - (answer)Bank confirmations
What is vouching? - (answer)Vouching is the process of comparing two sources of information
for accuracy and completeness.
CAATs can _______ audit risk for any tests performed - (answer)lower
What are compensating controls - (answer)Compensating controls are designed to supplement
key (primary) controls.
Small organizations typically have challenges _______ due to a limited number of employees -
你是想要一篇“眼睛容易
(answer)separating responsibilities
阅读的”中文文章
_______ is primarily established by the chief executive officer and the observed actions of senior
management - (answer)Tone
The typical scale used for a risk assessment matrix consists of - (answer)Likelihood and impact
Control override typically occurs at the _______ level - (answer)process
