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IIA-CFSA Questions and Answers

Question # 1

Internal auditors, engaging in activities that are illegal and discreditable to the profession of internal auditing or the organization, violate which of the following principles:

A.

Objectivity

B.

Awareness

C.

Integrity

D.

Competence

Question # 2

Organization’s Objectives are described in three general categories:

A.

Effectiveness of operations, Efficiency of strategic plans, Reliability of internal and external reporting

B.

Effectiveness of operations, Efficiency of strategic plans, Reliability of internal and external reporting, compliance with applicable laws and regulations

C.

Effectiveness and Efficiency of operations, Compliance with applicable laws and regulations, Monitoring and management control system

D.

Effectiveness and Efficiency of operations, Reliability of internal and external reporting, Compliance with applicable laws and regulations

Question # 3

Which of the following steps is/are NOT considered in the audit planning process?

A.

Identifying what is to be audited?

B.

Assess risk and vulnerability

C.

Determine how to manage the risks

D.

Develop specific issues and Questions for the audit

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