Free Qualified Info Systems Auditor CIA Challenge Exam IIA-CHAL-QISA Exam Practice Test

According to Herzberg’s Two-Factor Theory of Motivation, which of the following factors are mentioned most often by satisfied employees9

• Salary and status.
• Responsibility and advancement
• Work conditions and security.
• Peer relationships and personal life

According to IIA guidance, which of the following activities are typically primary objectives of engagement supervision?

• Enable training and development of staff, identify engagement objectives, and assign responsibilities to individual auditors.
• Identify engagement objectives, assign responsibilities to individual auditors, and approve the engagement program.
• Assign responsibilities to individual auditors, approve the engagement program, and enable training and development of staff.
• Approve the engagement program, enable training and development of staff, and identify engagement objectives

Which of the following statements is true regarding partnership liquidation?

• Operations can continue after the liquidation, if all partners agree.
• Partnership liquidation ends both the legal and economic life of an entity
• Partnership liquidation occurs when there is capital deficiency.
• When a partnership Is liquidated, each partner pays creditors from cash received

At a conference an internal auditor presented a new computer-assisted audit technique developed by his organization The presentation included sample data derived from performing auditengagements for the organization. Travel costs were paid by the conference organizers and the trip was approved by the chief audit executive (CAE). However, neither management nor the CAE was aware that the internal auditor would be making a presentation based on work completed for the organization According to IIA guidance, which of the following statements is most relevant regarding the actions of the auditor?

• The auditor did not violate the standard of objectivity because the presentation had no impact on the organization.
• The auditor violated the principle of confidentiality by disclosing information about the organization without approval.
• The auditor should have obtained permission before using the material, but did not violate the IIA Code of Ethics or Standards
• The auditor breached the conflict of interest standard by accepting payment for travel costs

An organization's health-care insurance costs have been rising approximately 10 percent per year for several years Which of the following analytical review procedures would best evaluate the reasonableness of the increase in health-care costs?

• Develop a comparison of the costs incurred with similar costs incurred by other organizations
• Obtain the government index of health-care costs for the comparable period of time and compare the rate of increase with that of the cost per employee incurred by the organization.
• Obtain a bid from another health-care administrator to provide the same administrative services as the current health-care administrator.
• Review all claims and compare with appropriate procedures to ensure that overpayments have not occurred

Which of the following activities Is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

• Planning an engagement of the area in which fraud is suspected.
• Employing audit tests to detect fraud
• Interrogating a suspected fraudster.
• Completing a process review to improve controls to prevent fraud.

An internal auditor has discovered that duplicate payments were made to one vendor Management has recouped the duplicate payments as a corrective action Which of the following describes managements action in this case?

• A condition-based action plan
• A cause-based action plan.
• A root cause-based action plan.
• An effect-based action plan.

According to ISO 31000, which of the following statements is correct?

• The board is responsible for setting the organizational attitude through tone at the top.
• The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities
• The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.
• The framework is designed to be effective for organizations no matter how small.

Which of the following is most likely to be considered a control weakness?

• Vendor invoice payment requests are accompanied by a purchase order and receiving report.
• Purchase orders are typed by the purchasing department using prenumbered forms
• Buyers promptly update the official vendor listing as new supplier sources become known.
• Department managers initiate purchase requests that must be approved by the plant superintendent

While conducting an engagement in the procurement department, the internal auditor noticed that the department head’s travel reports showed minor travel expenses, and there were no charges for hotels, meals, or transportation However, the auditor knew that the department head frequently traveled worldwide to meet with suppliers and visit their production sites. Which of the following would be the most appropriate next step for the auditor?

• The auditor should make a note of the issue for follow-up when employee travel expenses are audited.
• The auditor should analyze trends and changes among the organization's suppliers over the past few years.
• The auditor should investigate whether there are any special arrangements regarding senior management travel.
• The auditor should analyze the list of destinations the department head visited to estimate typical costs