According to NA guidance, which of the following provides the best evidence of conformance with the Standards with respect to the proficiency required of the internal audit activity?

An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping* She wonders whether they can also modify orders after shipping. Which of the following types of controls should she examine?

Which of the following statements is true regarding the disclosure of results of the quality assurance and improvement program?

Which of the following best describes the risk contained in an initial public offering for a new stock?

Which of the following is an example of a detective control?

According to NA guidance, which of the following is true regarding typical fraud schemes?

1. A diversion occurs when an employee has an undisclosed personal economic interest in a transaction that adversely affects

the organization.

2. Tax evasion is intentional reporting of false or misleading information on a tax return by an organization to reduce taxes owed.

3. Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization’s

records.

4, Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services.

Which of the following best demonstrates conformance with the Standards relating to continuing professional development of internal auditors?

Which of the following is a detective control strategy against fraud?

According to IIA guidance, which of the following is ultimately responsible for seeing that the internal control system of an organization’s social responsibility program is effective?

Which of the following is an example of a directive control?

An organization opened its warehouse to sell written-off surplus and outdated office furniture to the general public. Prices were negotiable, and customers could pay by cash, check, or credit card. Receipts were available upon request, and were issued by the inventory manager upon collection of payment. At the end of the day, the manager forwarded all of the funds he had collected to the finance department for deposit. Which of the following types of fraud is most likely to occur under these circumstances?

During a payroll audit, the internal auditor discovered that several individuals who have the same position classification as he are earning a significantly higher salary. The auditor noted the names and amounts of each, and he planned to prepare a request to the chief audit executive for a salary increase based on this information. Which of the following IIA Code of Ethics principles was violated in this scenario?

The chief audit executive of an organization assigns audit resources to undertake a consulting engagement requested by senior management the previous year, and a scheduled assurance audit of the procurement process Which of the following appropriately differentiates the two engagements?

Recently an organization’s internal audit activity discovered ghost employees who receive payments Senior management decides to strengthen the internal control measures to address this Which of the following is considered an effective control to mitigate payments to ghost employees?

Senior management has requested that the internal audit activity review and amend policies where necessary when auditing the purchasing department. To which of the following would the chief audit executive most likely give primary consideration when responding to this request?

Guidelines need to be set for various levels of suspected fraud within an organization and when it would be reported to the audit committee. Which of the following would be

reported at the next meeting?

Why is it imperative for the chief audit executive to track and develop the educational qualifications of internal audit staff?

Which of the following best demonstrates the authority of the internal audit activity?

Six months after an employee was transferred to the internal audit activity his former operating manager requested that he return to assist a project team with the evaluation of a new pricing module for the organization’s online ordering system According to IIA guidance which of the following statements is true?

Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?

Which of the following actions would an internal auditor perform primarily during a consulting engagement of a debt collections process?

Which of the following best demonstrates conformance with IIA standards related to continuing professional development?

According to IIA guidance, which of the following best demonstrates how the chief audit executive may ensure that due professional care is applied?

Which of the following statements relating to risk management is true?

The internal audit activity is undergoing a self-assessment as part of its quality assurance and improvement program Which of the following observations must be addressed in order for the internal audit activity to achieve conformance with the Standards?

When a plant manager from within the organization is hired as a rotational internal auditor within the internal audit activity which area should he most likely be trained for immediately?

Which of the following actions should an organization take to detect an emerging risk of potential fraud?

Which of the following statements is true regarding corporate social responsibility (CSR)?