Question 1

Information used in reporting should be reviewed for accuracy and contain all of the following characteristics EXCEPT:

Options :

A : Relevance and understandability

B : Comparability and timeliness

C : Consistency and reliability

D : Planning an organizing

Answer: D

Question 2

The purpose of __________ is to promote an ethical culture in the profession of internal auditing. A ___________ is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about risk management, control, and governance:

Options :

A : Code of ethics, The IIA’s Code of Ethics

B : The IIA’s Code of Ethics, Code of ethics

C : Code of ethics, PPF Code of Ethics

D : PPF Code of Ethics, Code of ethics

Answer: B

Question 3

________ a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. Where as ________ is a costreimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs:

Options :

A : Cost sharing, cost-plus-incentive-fee

B : Cost-plus-fixed-fee is, cost-plus-incentive-fee

C : Cost-reimbursement, cost sharing

D : Cost-plus-incentive-fee, cost sharing

Answer: B

Question 4

The risk analysis process involves all of the following given below EXCEPT:

Options :

A : Identify auditable activities (programs, accounts, contracts, transactions)

B : Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration)

C : Do not Estimate the likelihood that a risk will occur and do not determine how to manage the risks.

D : Estimate the likelihood that a risk will occur and prioritize risks.

Answer: C

Question 5

All of the following are guidelines for effective personnel management EXCEPT:

Options :

A : Plan for personnel needs and review hiring results periodically to determine whether personnel needs are being achieved

B : Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration, etc.)

C : Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).

D : Develop procedures to identify sources of potential hires, methods of contacting and attracting potential hires, and methods of evaluating and selecting potential hires

Answer: B

Higher Test Marks with Free Online IIA-CGAP-INTL Exam Practice

Buying Options: