Question 1

To evaluate the reliability of performance data in cases where a performance measurement system exists. All of the following are the steps that are included in the process EXCEPT:

Options :

A : Document (map) component’s existing performance measurement system.

B : Determine if the reports produced by the existing system are adequate

C : Assess reliability, accuracy, and validity of data to support the existing systems.

D : Test availability, reliability, and validity of existing data to support measures

Answer: D

Question 2

All of the following are the standards common to auditors and SAIs EXCEPT:

Options :

A : The auditor and the SAI must not be independent.

B : The auditor and the SAI must possess the required competence

C : The auditor and the SAI must be independent.

D : The auditor and the SAI must exercise due care and concern in complying with the INTOSAI auditing standards.

Answer: C

Question 3

All of the following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

Options :

A : Is confidential or sensitive information kept separate from other records?

B : Does management provide a favorable control environment in the organization?

C : Does adequate physical security exist over assets and records? Are storerooms locked? Are equipment and inventories properly recorded? Are there adequate environmental controls over assets (e.g., appropriate temperature)?

D : Only A & C

Answer: D

Question 4

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 5

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

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