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IIA Certification in Risk Management Assurance Sample Questions:
1. Non-statistical sampling does not require which of the following?
A) Projecting the results to the population.
B) The sample to be representative of the population.
C) The sample to be selected haphazardly.
D) A smaller sample size than if selected using statistical sampling.
2. Which of the following factors have the greatest influence on the independence of the internal audit activity?
A) Organizational positioning and scope control of the internal audit activity.
B) Rotational assignments and familiarity of the internal audit activity.
C) Employee incentives and self review of the internal audit activity.
D) Quality assessments and cultural biases of the internal audit activity.
3. Management would like to self-assess the overall effectiveness of the controls in place for its 200-person manufacturing department. Which of the following client-facilitated approaches is likely to be the most efficient way to accomplish this objective?
A) Interviews.
B) Surveys.
C) Observation.
D) Workshops.
4. If appropriate safeguards exist, which of the following is considered a legitimate internal audit role within risk management at an organization?
A) Providing consolidated reporting on risks.
B) Making decisions on risk responses.
C) Taking accountability for risk management.
D) Imposing risk management processes.
5. Why is a code of ethics for the internal audit profession necessary?
A) It guides internal auditors in their service to others.
B) It provides auditors with protection from lawsuits.
C) It ensures that all members of the profession possess the same level of competence.
D) It requires auditors to exhibit loyalty to their organizations.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A |
By Vincent
