IIA IIA Certifications IIA-CCSA Questions & Answers

• Question 81:

  Which of the following is NOT the COSO internal controls interrelated component?

  A. Risk assessment

  B. Information and communication

  C. Internal auditing

  D. Control activity

  Correct Answer: C

• Question 82:

  What says that control policies and procedures must be established and executed to help ensure that the actions identified by management as necessary to address risks to achievement of entity's objectives are effectively carried out?

  A. Control activity

  B. Control environment

  C. Control guideline

  D. Control procedure

  Correct Answer: A

• Question 83:

  ___________ is the uncertainty or exposures that exist assuming no controls are in place.

  A. Systematic risk

  B. Business risk

  C. Procedural risk

  D. Inherent risk

  Correct Answer: D

• Question 84:

  Which of the following is correct?

  A. External control is geared to the achievement of objectives in one or more dispersed categories.

  B. Internal control is geared to the achievement of objectives in one or more separate but overlapping categories.

  C. External control is geared to the achievement of objectives in one or more separate but overlapping categories.

  D. Internal control is geared to the achievement of objectives in one or more dispersed categories.

  Correct Answer: B

• Question 85:

  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

  Correct Answer: A

• Question 86:

  Which of the following is correct?

  A. Integrated framework defines internal control broadly and limits internal controls to external controls over financial reporting.

  B. Integrated framework defines external control broadly and does not limit external controls to external controls over financial reporting.

  C. Integrated framework defines internal control broadly and limits internal controls to accounting controls over financial reporting.

  D. Integrated framework defines internal control broadly and does not limit internal controls to accounting controls over financial reporting.

  Correct Answer: D

• Question 87:

  In any organization of people, ___________ is the blending of purpose, commitment, capability, monitoring and learning.

  A. Standardization

  B. Communication

  C. Essence of control

  D. Reliability of internal/external reporting

  Correct Answer: C

• Question 88:

  Compliance objective is:

  A. guidelines to handle internal controls monitoring with standards

  B. policy or procedure that help ensure management's objectives

  C. timely information and communication about company's goals

  D. observance of tax laws, industry requirement and regulatory requirements

  Correct Answer: D

• Question 89:

  Which of the following is Correct?

  A. Control environment is designed to prevent and detect errors and omissions in the conduct of routine business functions.

  B. Control activities are designed to prevent and detect errors and omissions in the conduct of routine business functions.

  C. Risk assessment is designed to prevent and detect errors and omissions in the conduct of routine business functions.

  D. Monitoring is designed to prevent and detect errors and omissions in the conduct of routine business functions.

  Correct Answer: B

• Question 90:

  Effective and efficient use of the entity's resources is called:

  A. Resource control

  B. Resource utilization

  C. Operations controls

  D. Compliance control

  Correct Answer: C