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IIA-CCSA Questions and Answers

Question # 6

Employees are provided a proper amount of supervision in:

A.

Establishment of organizational objectives

B.

Oversight groups

C.

Assignment of authority

D.

Human resource policies and practices

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Question # 7

Questions which generally address the control environment, risk assessment, control activities or monitoring are:

A.

Core questions

B.

Business questions

C.

workshop questions

D.

All of the above

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Question # 8

Organic structures are:

A.

Common to Formal, decentralized organizations that tend to be more participative, open and fixed.

B.

Common to Formal, centralized organizations that tend to be more participative, open and fixed.

C.

Common to informal, centralized organizations that tend to be more participative, open and flexible.

D.

Common to informal, decentralized organizations that tend to be more participative, open and flexible.

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Question # 9

To improve the quality of financial reporting through a focus on corporate governance, internal controls and ethical standards, is the mission of:

A.

Committee on Sponsoring Organizations

B.

Criteria of Commitment

C.

Control Auditors Committee

D.

Control risk property value

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Question # 10

____________ refers the assessment of risks and opportunities affecting the achievement of the organization’s goals and objectives.

A.

Organizational risk management

B.

Operational risk assessment

C.

Business risk management

D.

Business risk assessment

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Question # 11

Which of the following is NOT the potential benefit of the CSA to the organization?

A.

Better risk assessment

B.

Improved employee morale

C.

Improved ability to test

D.

Efficient business processes

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Question # 12

A process to identify events potentially affecting the entity and manage risk within its risk appetite is known as:

A.

Enterprise Risk Management

B.

Stricter Risk Disclosure

C.

Overlapping Risk Classification

D.

Risk Management Strategy

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Question # 13

Accurate self-assessment is a realistic evaluation of your strengths and limitations.

A.

True

B.

False

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Question # 14

The organization has performed analyses of the knowledge, skills, and abilities needed to perform jobs in an appropriate manner in order to:

A.

Management’s philosophy

B.

Commitment to competence

C.

Organizational structure

D.

None of the above

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Question # 15

Enterprise risk management helps an entity to achieve its performance and profitability targets but lower prevents loss of resources.

A.

True

B.

False

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Question # 16

Which of the following is correct?

A.

Individual decisions are reached through deviation building

B.

Individual decisions are reached through consensus building

C.

Group decisions are reached through deviation building

D.

Group decisions are reached through consensus building

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Question # 17

The process of helping management and/or work teams assess the likelihood of meeting business objectives is called:

A.

CSA facilitation

B.

CSA process

C.

CSA goal

D.

CSA function

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Question # 18

Non-discretionary controls are:

A.

subject to human choice or judgment

B.

customary controls with which all auditors are familiar.

C.

automatically provided by the system and cannot be bypassed, ignored or overridden based on human judgment.

D.

addresses intangibles such as competence, values, openness and leadership and more difficult to grasp.

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Question # 19

A process affected by an entity’s board of directors, management and other personnel designed to provide reasonable assurance regarding the achievement of objectives is called:

A.

Control location

B.

Control activities

C.

Internal control

D.

External control

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Question # 20

The risk remaining after management takes action to reduce the impact and likelihood of an adverse event is called residual risk.

A.

True

B.

False

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Question # 21

The more extensive and detailed the documentation, the more it is to communicate and understand the optimal solution.

A.

True

B.

False

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Question # 22

Which of the following is Correct?

A.

Competency refers to the validity and reliability of audit evidence.

B.

Sufficiency refers to the validity and reliability of resources.

C.

Capability refers to the capacity and reliability of audit evidence.

D.

Consistency refers to the steadiness and reliability of audit evidence

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Question # 23

Flowcharting is a common method used to document major processes in order to identify them within the program.

A.

True

B.

False

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Question # 24

Outcome measures are:

A.

only quantitative and measure results associated with only products delivered by an organization.

B.

both quantitative and qualitative and measure both results associated with products and services delivered by an organization.

C.

only qualitative and measure results associated with only services delivered by an organization.

D.

none of the above

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Question # 25

The characteristics or values that will be used to measure outputs, outcomes or service levels from the activities of each operating unit, function, program or activity defines:

A.

Performance plan

B.

Performance objectives

C.

Performance indicators

D.

Performance management

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Question # 26

The delegation of authority is not well appropriate in relation to the assignment of responsibility.

A.

True

B.

False

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Question # 27

People who make decisions themselves and issue orders to subordinates without seeking their input and without regard to their feelings are known as:

A.

Practitioners

B.

Stakeholders

C.

Participative managers

D.

Internal auditors

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Question # 28

Comparison of cost of a program or activity to a measurable unit of output or outcome is called cost-residuary impact.

A.

True

B.

False

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Question # 29

Use of observations and interviews to study how people learn, interact with others or make decisions refers to:

A.

Open-ended discussion

B.

Focus groups

C.

Ethnographic analysis

D.

None of the above

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Question # 30

Regression analysis is conducted by developing an estimating equation that describes the relationship between the dependent and independent variable.

A.

True

B.

False

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Question # 31

Risks are accessed on both an inherent and a residual basis and the assessment considers both risk likelihood impact.

A.

True

B.

False

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Question # 32

To make sure the performance data is accurate, sufficient and reliable is called:

A.

data validation

B.

data verification

C.

data reliability

D.

data measurement

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Question # 33

When internal auditors establishes trust and thus provides the basis for reliance on their judgment, this refers to:

A.

Veracity

B.

Authenticity

C.

Integrity

D.

Accuracy

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Question # 34

Which of the following is Correct?

A.

Internal audit can focus on validating the evaluation conclusions produced by controlself assessment.

B.

controlling can focus on validating the evaluation conclusions produced by controlself assessment.

C.

Internal audit can focus on resource and budgetary produced by control-self assessment.

D.

Internal audit can focus on better risk assessment produced by control-self assessment.

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Question # 35

Who identified internal control components including Control environment, Information & communication, risk assessment, control activities and Monitoring?

A.

The American Institute of Standards (AIS)

B.

The American Institute of Certified Professional Accountants (AICPA)

C.

The American Institute of Certified Control (AICC)

D.

The American Institute of Professional Studies (AIPS

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Question # 36

Which of the following is Correct?

A.

those risks that reduce consequences to immateriality are tested at the time of risk measurement.

B.

those audits that reduce consequences to immateriality are tested during the program execution.

C.

those internal controls that reduce consequences to immateriality are tested in the audit program.

D.

those amendments that reduce consequences to immateriality are tested after the feedback.

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Question # 37

In traditional approach, final report is issued by management and in control selfassessment approach it is issued by work teams’.

A.

True

B.

False

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Question # 38

Internal auditors have which following four principles to uphold and apply.

A.

Integrity, Objectivity, Control and Confidentiality

B.

Integrity, Objectivity, Confidentiality and Competency

C.

Reliability, Objectivity, Timeliness and Competency

D.

Integrity, Objectivity, Discretion and Expertise

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Question # 39

Which of the following is Correct?

A.

The decision symbol have three exit points, these can be on the sides and the bottom.

B.

Flowcharts generally flow from top to bottom and right to left.

C.

Flowchart symbols may or may not start with a terminal symbol.

D.

Flowchart symbols should have a single entry point on the bottom of the symbol.

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Question # 40

To disclose all material facts known to internal auditors that if not disclosed, may distort the reporting of activities under review, this one of the rules of:

A.

Objectivity

B.

Integrity

C.

Confidentiality

D.

Expert judgment

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