WGU D560 Internal Auditing I Objective Assessment
(OA) Questions and 100% Correct Answers Latest
2026/27 Solution.
2026/27
1
A company's human resources (HR) department focuses on recruiting the
best talent. HR also implements various measures and programs to develop
and retain talent.Which key component of internal controls is HR
supporting?
Performance Control environment
Information system Information and communication
, 2
Who is responsible for monitoring an organization's risk management
process and control processes to ensure their ongoing operating
effectiveness and efficiency?
The management The chief audit executive
The board of directors The auditor
3
Which role is embedded in a company's fraud risk management
program?
Vendors and third parties The chief audit executive
The board of directors Systems software control
, 4
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?
Information system Control environment
Reconciliation activities Information and communication
5
An internal auditor at a firm conducts an in-depth analysis of the firm's
procurement procedures and suggests implementing automated systems
for purchase orders to reduce inefficiency. Which component of the internal
audit's value proposition does the internal auditor's work represent?
Verification Intention
Operations Insight
, 6
A hospital risks being sued for damages because of medical errors and
buys liability insurance to protect itself in such cases.Which COSO risk
response does the given scenario exemplify? (COSO stands for the
Committee of Sponsoring Organizations of the Treadway Commission.)
Share Analyze
Understand Prepare
7
What is the Institute of Internal Auditors' (IIA) definition of internal
auditing?
An independent and objective
assurance and consulting activity
crafted to improve an
(OA) Questions and 100% Correct Answers Latest
2026/27 Solution.
2026/27
1
A company's human resources (HR) department focuses on recruiting the
best talent. HR also implements various measures and programs to develop
and retain talent.Which key component of internal controls is HR
supporting?
Performance Control environment
Information system Information and communication
, 2
Who is responsible for monitoring an organization's risk management
process and control processes to ensure their ongoing operating
effectiveness and efficiency?
The management The chief audit executive
The board of directors The auditor
3
Which role is embedded in a company's fraud risk management
program?
Vendors and third parties The chief audit executive
The board of directors Systems software control
, 4
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?
Information system Control environment
Reconciliation activities Information and communication
5
An internal auditor at a firm conducts an in-depth analysis of the firm's
procurement procedures and suggests implementing automated systems
for purchase orders to reduce inefficiency. Which component of the internal
audit's value proposition does the internal auditor's work represent?
Verification Intention
Operations Insight
, 6
A hospital risks being sued for damages because of medical errors and
buys liability insurance to protect itself in such cases.Which COSO risk
response does the given scenario exemplify? (COSO stands for the
Committee of Sponsoring Organizations of the Treadway Commission.)
Share Analyze
Understand Prepare
7
What is the Institute of Internal Auditors' (IIA) definition of internal
auditing?
An independent and objective
assurance and consulting activity
crafted to improve an
