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Module 13 Reviewer Questions
Module 13 Reviewer Questions
A. Assurance services.
B. Consulting services.
C. Both assurance and consulting services.
D. Neither assurance nor consulting services.
Which Standards apply to organizations and individuals performing specific types of internal auditing services?
A. Performance Standards.
B. Attribute Standards.
C. Implementation Standards.
D. All of the Standards listed in the other answer choices.
[7] Gleim #: 1.1.7 -- Source: CIA 591 I-1
Which of the following best describes the purpose of the internal audit activity?
The Standards consist of three types of standards. Which standards apply to the characteristics of organizations and
parties providing internal auditing services?
A. Implementation Standards.
B. Performance Standards.
C. Attribute Standards.
D. Independence Standards.
Internal auditors need to ascertain the extent to which management has established adequate criteria to determine
whether goals and objectives have been accomplished. For this purpose, which of the following actions may be
appropriate?
I. Determining whether operating and program goals and objectives conform to those of the organization
II. Reviewing operations to ascertain the extent to which results are consistent with established goals and objectives
III. Working with management to develop appropriate control evaluation criteria
A. I only.
B. I and II only.
C. I, II, and III.
D. II only.
Internal auditing is an assurance and consulting activity. An example of an assurance service is a(n)
A. Advisory engagement.
B. Facilitation engagement.
C. Training engagement.
D. Compliance engagement.
The work of the internal audit activity includes evaluating and contributing to the improvement of risk management
systems. Risk is
A. I only.
B. I and II only.
C. II and III only.
D. I, II, and III.
What is the most accurate term for the procedures used by the board to oversee activities performed to achieve
organizational objectives?
A. Governance.
B. Control.
C. Risk management.
D. Monitoring.
A. Supervision.
B. Quality assurance.
C. Control.
D. Compliance.
[28] Gleim #: 1.4.28 -- Source: Publisher
A. Requires internal auditors not to subordinate their judgment on audit matters to that of others.
B. Is required only in assurance engagements.
C. Is managed at the individual auditor, engagement, functional, and organizational levels.
D. Prohibits internal auditors from providing consulting services relating to operations for which they had
previous responsibility.
[29] Gleim #: 1.4.29 -- Source: Publisher
What are the policies, procedures, and activities that are part of a control framework, designed to ensure that risks are
contained within the established risk tolerances?
The internal audit activity has a role in an organization’s governance process. The internal audit activity most directly
contributes to this process by
A. An internal auditor will fail to detect a material misstatement that causes financial statements or internal
reports to be misstated or misleading.
B. An event could occur affecting the achievement of objectives.
C. Management will, either knowingly or unknowingly, make decisions that increase the potential liability of
the organization.
D. Financial statements or internal records will contain material misstatements.