Question 1

Non-statistical sampling does not require which of the following?

Options :

A : The sample to be representative of the population.

B : The sample to be selected haphazardly.

C : A smaller sample size than if selected using statistical sampling.

D : Projecting the results to the population.

Answer: C

Question 2

According to IIA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?

Options :

A : To enable Triple Bottom Line reporting capability.

B : To facilitate the conduct of risk assessment.

C : To achieve and maintain sustainable development.

D : To fulfill regulatory and compliance requirements.

Answer: C

Question 3

According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?

Options :

A : Benchmarking of the internal audit activity-s practices and performance.

B : Report of internal assessment results, response plans, and outcomes.

C : Analysis of performance metrics such as cycle times.

D : Self-assessments and surveys of stakeholder groups.

Answer: C

Question 4

Which of the following conditions is the most likely indicator of fraud?

Options :

A : Commissions are paid based on verified increases to sales.

B : Departmental reports are consistently issued in an untimely manner.

C : A manager regularly assumes subordinates' duties.

D : Lower earnings occur during the industry-s down cycle.

Answer: C

Question 5

According to the COSO enterprise risk management framework, which of the following best describes the activity that helps ensure risk responses are carried out effectively?

Options :

A : Objective setting.

B : Information and communication.

C : Information and communication.

D : Event identification.

Answer: B

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