File Info
| Exam | Certified Internal Auditor - Part 3, Business Analysis and Information Technology |
| Number | IIA-CIA-Part3 |
| File Name | IIA.IIA-CIA-Part3.CertDumps.2017-12-25.214q.tqb |
| Size | 825 KB |
| Posted | Dec 25, 2017 |
| Download | IIA.IIA-CIA-Part3.CertDumps.2017-12-25.214q.tqb |
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Demo Questions
Question 1
Which of the following statements is correct regarding risk analysis?
- The extent to which management judgments are required in an area could serve as a risk factor in assisting the auditor in making a comparative risk analysis.
- The highest risk assessment should always be assigned to the area with the largest potential loss.
- The highest risk assessment should always be assigned to the area with the highest probability of occurrence.
- Risk analysis must be reduced to quantitative terms in order to provide meaningful comparisons across an organization.
Correct answer: A
Question 2
Which of the following statements regarding organizational governance is not correct?
- An effective internal audit function is one of the four cornerstones of good governance.
- Those performing governance activities are accountable to the customer.
- Accountability is one of the key elements of organizational governance.
- Governance principles and the need for an internal audit function are applicable to governmental and not-for-profit activities.
Correct answer: B
Question 3
Which of the following is a role of the board of directors in the governance process?
- Conduct periodic assessments of the organization's governance systems.
- Obtain assurance concerning the effectiveness of the organization's governance systems.
- Implement an effective system of internal controls to support the organization's governance systems.
- Review and approve operational goals and objectives.
Correct answer: B
