IIA IIA Certifications IIA-CGAP Questions & Answers

• Question 191:

  One mechanism to help ensure the proper application of audit standards is through ____________. The purpose of _______________ is to provide feedback to management on the effectiveness of the quality control policies and procedures of an organization:

  A. An external quality review process

  B. An internal quality review process

  C. Organizational review process

  D. Audit review process

  Correct Answer: B

• Question 192:

  The purpose of the external quality control review is to determine whether the organization's internal quality control system is in place and operating effectively to provide reasonable assurance that established policies and procedures and applicable auditing standards are being followed.

  A. Quality control, Quantity control

  B. Internal quality control system, External quality control

  C. External quality control, Internal quality control system

  D. Quantity control, Quantity control

  Correct Answer: C

• Question 193:

  The ____________ promulgates standards for government organizations. INTOSAI standards are a model for government audit standards, established and endorsed by the INTOSAI organization, but which must be adopted and/or modified by the _________ of any specific country in order to be used?

  A. Supreme Audit Institution (SAI), International Organization of Supreme Audit Institutions (INTOSAI)

  B. International Organization of Supreme Audit Institutions (INTOSAI), International Standards for the Professional Practice of Internal Auditing (ISPPIA)

  C. International Organization of Supreme Audit Institutions (INTOSAI), Supreme Audit Institution (SAI)

  D. International Standards for the Professional Practice of Internal Auditing (ISPPIA), Supreme Audit Institution (SAI)

  Correct Answer: C

• Question 194:

  Governmental auditing is distinctive and encompasses different requirements from auditing commercial or not-for-profit enterprises. The standards that apply specifically to government audits are all of the following EXCEPT:

  A. International Auditing and Assurance Standards Board (IAASB).

  B. International Standards for the Professional Practice of Internal Auditing (ISPPIA).

  C. International Standards on Auditing (ISA).

  D. International Or1ganization of Supreme Audit Institutions (INTOSAI) Standards.

  Correct Answer: A

• Question 195:

  Audit standards were developed and are followed for all of the following reasons EXCEPT:

  A. To provide uniform guidance to auditors and to establish a basis for conducting internal and external reviews of quality audits.

  B. To build credibility and confidence in the auditing profession.

  C. To inform customers (the public, public officials, management, stockholders, etc.) about the role of auditing.

  D. Audit staff qualifications and Quality control

  Correct Answer: D

• Question 196:

  All of the following groups benefit from the existence of audit standards in a variety of ways EXCEPT:

  A. Elected officials and the public receive increased assurance that public funds are being effectively used and monitored

  B. Government organization

  C. Management receives increased assurance that fraud or other organizational deficiencies will be detected and corrected.

  D. External parties and reviewers are provided with usable measurement guidelines.

  Correct Answer: B

• Question 197:

  _________Help define the role and responsibilities of auditors to internal and external entities. Where as _______establish the basic principles and guidance to assist auditors in the performance of their duties?

  A. Technical standards, Standards

  B. Standards, Defense standards

  C. Audit standards, Standards

  D. Standards, Open standards

  Correct Answer: C

• Question 198:

  ________ addresses performance measures by requiring agencies to maintain an integrated accounting and financial management system that provides for the systematic measurement of performance.

  A. Small Business Act (1953)

  B. The Government Management Reform Act of 1994 (GMRA)

  C. British Trade Boards Acts (2009)

  D. The Chief Financial Officers Act of 1990 (CFO)

  Correct Answer: D

• Question 199:

  Groups may be informal (e.g., peer groups) or formal (e.g., work groups defined by management). Members of the group can have either assigned or adopted roles. Groups also develop a set of norms, or accepted standards of behavior, which group members are expected to follow.

  A. informal, formal, community members

  B. informal, formal, group members

  C. formal, informal, group members

  D. informal, formal, organization members

  Correct Answer: B

• Question 200:

  ________make decisions themselves and issue orders to subordinates without seeking their input and without regard to their feelings where as __________ use a more democratic approach to leadership. Practitioners of participate management seek out and incorporate input from subordinates when making decisions.

  A. Participative managers, Autocratic managers

  B. Directing managers, Consultative managers

  C. Autocratic managers, Participative managers

  D. Consultative managers, Directing managers

  Correct Answer: C