IIA IIA Certifications IIA-CCSA Questions & Answers

• Question 71:

  Which of the following is correct?

  A. Internal audit characteristic of the internal auditor's paradigm has internal control as its old paradigm and risk management as its new paradigm.

  B. Internal audit characteristic of the internal auditor's paradigm has internal control as its new paradigm and cost management as its old paradigm.

  C. Internal audit response characteristic of the internal auditor's paradigm has internal control as its old paradigm and risk management as its new paradigm.

  D. Internal audit response characteristic of the internal auditor's paradigm has internal control as its new paradigm and risk management as its old paradigm.

  Correct Answer: A

• Question 72:

  Risk assessment characteristic of the internal auditor's paradigm has scenario planning as its new paradigm and its old paradigm is:

  A. External control

  B. Internal control

  C. Independent appraisal function

  D. Risk factors

  Correct Answer: D

• Question 73:

  Internal audit focus characteristic of the internal auditor's paradigm has internal control as its old paradigm and its new paradigm is:

  A. Important risks

  B. continuous monitoring

  C. Business risk

  D. Diversify risk

  Correct Answer: C

• Question 74:

  What is based on the extent of impact to the organization as a whole?

  A. Promotion system

  B. Code of conduct

  C. Rank vulnerability

  D. Rank inherent risk

  Correct Answer: D

• Question 75:

  Rank vulnerability is based on:

  A. the auditor's preliminary assessment of the adequacy of the controls

  B. the management's emphasize to values, competence and integrity of the system

  C. a system of identification of risks and monitoring them on a regular basis

  D. a system of high volume of cash transactions

  Correct Answer: A

• Question 76:

  The emergence of _____________ as a key organizational process gives the internal auditing profession a unique opportunity to shift its focus to risk.

  A. Risk identification

  B. Risk management

  C. Risk analysis

  D. Risk mitigation

  Correct Answer: B

• Question 77:

  Corporate governance is the organization's strategic response to management.

  A. True

  B. False

  Correct Answer: B

• Question 78:

  Which if the following is Correct?

  A. Vulnerability/control risk is determined after ranking control activities.

  B. Vulnerability/control risk is determined after ranking risk assessment.

  C. Vulnerability/control risk is determined after ranking inherent risk.

  D. Vulnerability/control risk is determined after ranking competence and integrity values.

  Correct Answer: C

• Question 79:

  What is directly related to the effectiveness of controls that are in place?

  A. Performance

  B. Vulnerability

  C. Scalability

  D. Risk

  Correct Answer: B

• Question 80:

  A weak control is equal to high vulnerability and a strong control is equal to the low vulnerability.

  A. True

  B. False

  Correct Answer: A