Question 1

Which of the following would not be considered part of preliminary survey of an engagement area?

Options :

A : Interviews with individuals affected by the entity.

B : Functional walk through test.

C : Analytical reviews.

D : Sampling scope.

Answer: D

Question 2

According to the HA Code of Ethics, which of the following statements best describes the principle of competency?

Options :

A : Internal auditors shall perform their work with honesty, diligence, and responsibility.

B : Internal auditors shall perform their work in accordance with the Standards.

C : Internal auditors shall perform their work in accordance with the law and make disclosures expected by the law.

D : Internal auditors shall be prudent in the use of information acquired while performing their work.

Answer: B

Question 3

As a matter of policy, the chief audit executive routinely rotates internal audit staff assignments and periodically interviews the staff to discuss the potential for conflicts of interest. These actions help fulfill which of the following internal audit mandates?

Options :

A : Organizational independence.

B : Professional objectivity.

C : Due professional care.

D : Individual proficiency.

Answer: B

Question 4

During an audit engagement, the internal auditor discussed a risk mitigation recommendation with the manager of the area under review. The manager disagreed with the risk assessment and recommendation. The two failed to come up with an alternative solution, and the auditor decided to proceed with including the original recommendation in the engagement report. Which of the following is especially important in dealing with this type of situation?

Options :

A : Soft skills in communication, negotiation, and collaboration.

B : Technical skills in the area under review.

C : Professional qualifications and certification in internal auditing.

D : Confidentiality and independence.

Answer: A

Question 5

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?

Options :

A : The purpose of the IAA.

B : The IAA-s right to have unrestricted access to functions, records, personnel, and physical property.

C : A detailed audit plan or program for the year.

D : The job specifications and descriptions of the internal audit staff.

Answer: B

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