Question No. 1

Which of the following situation would not impair audit objectivity?

AAn auditor is assigned to audit a business function that the auditor was responsible for nine months ago

BAn individual temporarily assigned to the internal audit activity because of the individual's
expert knowledge in a particular business function assigned to audit an activity that the
individual was responsible for just prior to transferring to the internal audit activity

CAn auditor is assigned to perform a post-implementation review on a system for which the auditor participated in the design process

DAn auditor is assigned to perform a post-implementation review on a system for which the auditor performed a procedure review and made control recommendations prior to the system's implementation

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Correct Answer: D

Question No. 2

Internal auditing:

AIs an independent, objective assurance and consulting activity designed to add value and improve an organization's operations

BIs an independent, performance measurement and consulting activity designed to add alue and improve an organization's operations

CHelps an organization accomplish objectives by bringing a systematic, disciplined pproach to evaluate but rarely improve the effectiveness of risk management, control and governance

DHelps an organization accomplish objectives by bringing a targeted, disciplined approach to evaluate but rarely improve the effectiveness of risk management, control and governance

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Correct Answer: A

Question No. 3

IIA's code of ethics applies to __________ that provide internal auditing services:

AIndividuals

BEntities

CIndividuals and entities

DIndividuals, entities and indirect authorities

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Correct Answer: C

Question No. 4

Internal auditors are expected to uphold the following principles:

AIntegrity, objectivity, competency

BIntegrity, objectivity, confidentiality, and competency

CIntegrity, objectivity, awareness and competency

DIntegrity, objectivity, entirety

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Correct Answer: B

Question No. 5

''Internal auditors make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments.'' This statement best explains one of the following principles:

ACompetency

BConfidentiality

CObjectivity

DIntegrity

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Correct Answer: C

Free IIA IIA-CFSA Exam Actual Questions

The questions for IIA-CFSA were last updated On May 4, 2024