Iia certsexpert cia Iia-cia-part1 Iia Study Notes by Cadi q227 vce pdf

Page: 17 / 54

Exam Name:	Essentials of Internal Auditing
Exam Code:	IIA-CIA-Part1 Dumps
Vendor:	IIA	Certification:	CIA
Questions:	735 Q&A's	Shared By:	cadi

Question 68

According to IIA guidance, which of the following statements is true regarding reporting the results of the quality assurance and improvement program?

Options:

Results of internal assessments need to be reported to the board at least once every five years.

The external assessor must present the findings from the external assessment to senior management and the board upon completion.

Deficiencies within the internal audit activity must be reported to the board as soon as they are noted.

Results of ongoing monitoring of the internal audit activity's performance must be reported to senior management and the board at least annually

Discussion

Question 69

An internal audit activity includes in its audit reports the assertion that its work is performed in conformance with the International Standards for the Professional Practice of Internal Auditing ( Standards). A recent external quality assessment concluded that the internal audit activity had substantial deficiencies that impact its overall operations.

According to IIA guidance, which of the following is the most appropriate action for issuing future audit reports?

Options:

Refrain from indicating that the internal audit activity operates in conformance with the Standards until the chief audit executive confirms that the internal audit activityhas addressed all areas of nonconformance and the audit committee has been notified.

Refrain from indicating that the internal audit activity operates in conformance with the Standards until another external assessment confirms that the significant areas of nonconformance have been addressed.

Indicate that the internal audit activity operates in partial conformance with the Standards t as the internal audit activity has a quality assurance and improvement program in place to address deficiencies and has met the requirement for conducting an external assessment.

Update and reissue previous audit reports, removing the assertion that the internal audit activity operates in conformance with the Standards, and distribute them to ail parties who received the original reports.

Discussion

Cecilia

Yes, I passed my certification exam using Cramkey Dumps.

Helena Sep 19, 2024

Great. Yes they are really effective

Rae

I tried using Cramkey dumps for my recent certification exam and I found them to be more accurate and up-to-date compared to other dumps I've seen. Passed the exam with wonderful score.

Rayyan Sep 14, 2024

I see your point. Thanks for sharing your thoughts. I might give it a try for my next certification exam.

Ella-Rose

Amazing website with excellent Dumps. I passed my exam and secured excellent marks!!!

Alisha Aug 17, 2024

Extremely accurate. They constantly update their materials with the latest exam questions and answers, so you can be confident that what you're studying is up-to-date.

Robin

Cramkey is highly recommended.

Jonah Oct 16, 2024

Definitely. If you're looking for a reliable and effective study resource, look no further than Cramkey Dumps. They're simply wonderful!

Erik

Hey, I have passed my exam using Cramkey Dumps?

Freyja Oct 17, 2024

Really, what are they? All come in your pool? Please give me more details, I am going to have access their subscription. Please brother, give me more details.

Question 70

An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments. The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International! Standards for the Professional Practice of Internal Auditing (Standards). Which of the following justifies inclusion of this clause in the reports?

Options:

Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct.

The audit committee has reviewed the annual self-assessment results and approved the use of the clause.

The self-assessment results were validated by a qualified external review team three years prior.

The internal audit charter, approved by the audit committee, requires conformance with the Standards