Pass the IIA CIA IIA-CIA-Part3-3P Questions and answers with ExamsMirror

An organization's balance sheet indicates that the total asset amount and the total capital stock amount remained unchanged from one year to the next, and no dividends were declared or paid. However, the organization reported a loss of $200,000. Which of the following describes the most likely year-over-year change to the organization's total liabilities and total stockholder equity?

A global business organization is selecting managers to post to various international (expatriate) assignments.

In the screening process, which of the following traits would be required to make a manager a successful expatriate?

1) Superior technical competence.

2) Willingness to attempt to communicate in a foreign language.

3) Ability to empathize with other people.

A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?

Which of the following is true regarding an organization's relationship with external stakeholders?

Which of the following are included in ISO 31000 risk principles and guidelines?

An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

Which of the following statements is correct regarding corporate compensation systems and related bonuses?

1) A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.

2) Compensation systems are not part of an organization's control system and should not be reported as such.

3) An audit of an organization's compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

Which of the following are appropriate reasons for internal auditors to document processes as part of an audit engagement?

1) To determine areas of primary concern.

2) To establish a standard format for process mapping.

3) To define areas of responsibility within the organization.

4) To assess the performance of employees.

An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?