IIA IIA Certifications IIA-CGAP Questions & Answers

• Question 311:

  The Professional Practices Framework consists of three categories of guidance which included all of the following EXCEPT:

  A. Mandatory Guidance

  B. Development and practice aids

  C. Practice Advisories

  D. Security Advisories

  Correct Answer: D

• Question 312:

  _________ is an independent, objective assurance and consulting activity designed to add value and improve organizations operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of ________, _________, and governance processes.

  A. Internal auditing, risk management, control

  B. Internal auditing, risk management, planning

  C. Internal auditing, content management, control

  D. External auditing, risk management, control

  Correct Answer: A

• Question 313:

  Which category of Professional Practices Framework can help to implement the guidance offered in the Code of Ethics, Standards, and Practice Advisories and also provide internal audit practitioners with the views of various experts on techniques and processes related to the professional practice of internal auditing?

  A. Mandatory Guidance

  B. Development and practice aids

  C. Practice Advisories

  D. Mandatory Guidance, Practice Advisories

  Correct Answer: B

• Question 314:

  The __________ expand upon the Attribute and Performance Standards, providing guidance applicable in specific types of engagements. These standards ultimately may deal with industry specific, regional, or specialty types of audit services:

  A. Control Standards

  B. Communication Standards

  C. Implementation Standards

  D. Quality Standards

  Correct Answer: C

• Question 315:

  Many are __________ applicable to all internal auditors, while others may be developed to meet the needs of internal auditors in a specific industry, audit specialty, or geographic area.

  A. Hurricane Advisories

  B. Product and services security Advisories

  C. Practice Advisories

  D. Security Advisories

  Correct Answer: C

• Question 316:

  All Practice Advisories are submitted to a formal review process by the __________ or other group designated by the Guidance Planning Committee.

  A. PPF's Professional Issues Committee

  B. IIA's Professional Issues Committee

  C. INTOSAI's professional Committee

  D. IFAC's Professional Committee

  Correct Answer: B

• Question 317:

  The third category of guidance ___________ includes a variety of materials that are developed and/or endorsed by the IIA. This category includes research studies, books, seminars, conferences, and other products and services related to the professional practice of internal auditing that do not meet the criteria for inclusion in mandatory guidance or Practice Advisories:

  A. Products and services security Advisories

  B. Practice Advisories

  C. Security Advisories

  D. Development and Practice Aids

  Correct Answer: D

• Question 318:

  The _________ address the attributes of organizations and individuals performing internal audit services. The ___________ describe the nature of internal audit services and provide quality criteria against which the performance of these services can be measured:

  A. Performance Standards, Control standards

  B. Control standards, Performance standards

  C. Performance standards, Attribute standards

  D. Attribute Standards, Performance Standards

  Correct Answer: D

• Question 319:

  Within the new framework, the Guidance Task Force called for the development of three sets of standards please mark the correct answer:

  A. Attribute, Performance, and Implementation Standards.

  B. Attribute, Quality, and Implementation Standards.

  C. Attribute, Control, and Implementation Standards.

  D. Attribute, Planning, and implementation Standards.

  Correct Answer: A

• Question 320:

  Beneficiaries are people who may never read the audit report, but whose services are improved because the audit was conducted. All of the following are examples of beneficiaries EXCEPT:

  A. General public.

  B. Clients of the audited program.

  C. Special interest groups (e.g., consumer advocacy groups, social service organizations, industry and trade groups, etc.).

  D. Clients of the audited program and general public.

  Correct Answer: C