IQN CODE: QIA Exam Name: Qualified Internal Auditor 15% Discount Coupon Code: 52192S1005
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Type Demo
Microsoft
1
IBM
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Symantec
Question: 1 Each individual work paper should, at a minimum, contain A. An expression of an audit opinion. B. A tick mark legend. C. A complete flowchart of the system of internal controls for the area being reviewed. D. A descriptive heading.
Answer: D Question: 2 Which of the following techniques is best for emphasizing a point in a written communication? A. Place the point in the middle rather than at the beginning or end of the paragraph. B. Use passive rather than active voice. C. Highlight the point through the use of nonparallel structure. D. Use a short sentence with one idea rather than a longer sentence with several ideas.
Answer: D Question: 3 An internal audit director has noticed that staff auditors are presenting more oral reports to supplement written reports. The best reason for the increased use of oral reports by the auditors is that they A. Reduce the amount of testing required to support audit findings. B. Can be delivered in an informal manner without preparation. C. Can be prepared using a flexible format, thereby increasing overall audit efficiency. D. Permit auditors to counter arguments and provide additional information that the audience may require.
Answer: D Question: 4 Microsoft
2
IBM
HP Cisco Oracle Instant download after purchase
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Symantec
An internal auditor found that employees in the maintenance department were not signing their time cards. This situation also existed during the last audit. The auditor should A. Include this finding in the current audit report. B. Ask the manager of the maintenance department to assume the resulting risk. C. Withhold conclusions about payroll internal control in the maintenance department. D. Instruct the employees to sign their time cards
Answer: A Question: 5 Purchases from two new vendors increased dramatically after a new buyer was hired. The buyer was obtaining kickbacks from the two vendors based on sales volume. A possible means of detection is A. Periodic vendor surveys regarding potential buyer conflict of interest or ethics violations. B. The receipt of an invoice to put new vendors on the master file. C. The use of purchase orders for all purchases. D. The use of change analysis and trend analysis of buyer or vendor activity.
Answer: D Question: 6 An organization uses a service bureau to process its hourly payroll transactions. The internal auditor is concerned that the hourly payroll for the year has been processed correctly and, in particular, the computation of employee withholding for pension contributions is in accordance with the union contract, which specifies charges each quarter. Which of the following audit procedures would best accomplish the audit objective? A. Select a random sample of all hourly payroll transactions for the reporting period, re-compute pay and withholding items, and compare the result with that obtained from the service bureau. B. Select a stratified sample of all hourly and salaried payroll transactions for an entire reporting period, perform the necessary activities, and then compare the result with that obtained from the service bureau. C. Select a discovery sampling of all payroll transactions for an entire reporting period and then follow up on any findings. D. Submit a set of test data to the service bureau during an annual audit and compare the service bureau's processing with the auditor's predetermined computations on the same test data.
Microsoft
3
IBM
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Symantec
Answer: D Question: 7 The objective of a program results audit requires the auditor to A. Place an emphasis on outputs rather than inputs. B. Look for cost savings or waste. C. Include only historical data in the audit. D. Render an opinion on the fairness of financial presentation.
Answer: A Question: 8 In addition to controls over access, processing, program changes, and other functions, a computerized system needs to establish an audit trail of information. Which of the following information would generally not be included in an audit trail log designed to summaries unauthorized system access attempts? A. A list of authorized users. B. The type of event or transaction attempted. C. The terminal used to make the attempt. D. The data in the program sought.
Answer: A Question: 9 Audits vary in their degree of objectivity. Of the following, which is likely to be the most objective? A. Compliance audit of company's overtime policy. B. Operational audit of the personnel function hiring and firing procedures. C. Performance audit of the marketing department. D. Financial control audit over payroll procedures.
Answer: A Microsoft
4
IBM
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Symantec
Question: 10 The internal auditors of a financial institution are auditing the institution's investing and lending activities. During the last year, the institution has adopted new policies and procedures for monitoring investments and the loan portfolio. The auditors know that the organisation has invested in new types of financial instruments during the year and is heavily involved in the use of financial derivatives to appropriately hedge risks The audit committee has expressed concern that the financial institution has been taking on higher-risk loans in pursuit of short term profit goals. Which of the following audit procedures would provide the least amount of information to address this audit concern?
A. Perform an analytical review of interest income as a percentage of the investment portfolio in comparison with a group of peer financial institutions. B. Take a random sample of loans made during the period and compare the riskiness of the loans with that of a random sample of loans made two years ago. C. Perform an analytical review that involves developing a chart to compare interest income plotted over the past ten years. D. Develop a multiple regression time series analysis of income over the past five years, including such factors as interest rate in the economy, size of loan portfolio, and dollar amount of new loans each year.
Answer: C
Microsoft
5
IBM
HP Cisco Oracle Instant download after purchase
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Symantec
IQN CODE: QIA Exam Name: Qualified Internal Auditor 15% Discount Coupon Code: 52192S1005
Click the link below to get full version http://www.testsexpert.com/QIA.html
Microsoft
Cisco
MB6-871 MB6-872 MB6-884 MB6-886 MB7-702 70-410 70-413 70-417
640-692 642-584 642-742 642-993
642-427 642-637 642-983 642-999
642-980
644-068
70-461 70-463 70-465 70-481 70-483 70-485 70-497 70-685 70-687 74-322 77-881 98-361
644-066 646-206 650-153 650-196 650-297 650-474 700-101 646-048 640-722 500-005 646-365 500-005
70-462 70-464 70-466 70-482 70-484 70-486 70-498 70-686 70-688 74-324 77-885 98-365
Microsoft
6
500-005 646-580 650-179 650-292 650-473 500-254 640-803 642-998 500-254 200-101
648-266 100-101
IBM
IBM 00M-617 LOT-440 LOT-442 000-N12
000-176 000-283 000-670 000-N19
00M-513 00M-620 00M-667 LOT-929 00M-639 00M-645 000-N28 00M-512 00M-668 00M-646 00M-648 000-N23
00M-617 000-N40 00M-222 00M-245 00M-643 00M-249 000-N31 00M-513 00M-638 00M-647 00M-662 000-N25
HP HP5-Z01D HP2-N43 HP2-N28
HP5 K02D
HP5-K01D HP5-H01D
HP0-D12 HP0-M57 HP0-Y43 HP2-B87 HP2-E43 HP2-E46 HP2-E50 HP2-E53 HP2-H24 HP2-K24 HP2-K31 HP2-N33
HP0-D15 HP0-S35 HP2-B82 HP2-B91 HP2-E45 HP2-E47 HP2-E51 HP2-H23 HP2-K23 HP2-K28 HP2-N31 HP2-Q06
HP Cisco Oracle Instant download after purchase
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Others CMA CPIM E20-553 CFA-Level-III 1Z0-460 IIA-CGAP M70-301 CHFP
1Z0-466 CMQ-OE 1Z0-593 IIA-CFSA CSSGB CTAL 1Z0-465 CPFO PSP CFE CQIA RHIA 00M-617 CTFA MSC-431 CFA-Level-I CPEA AFE CRCM 1Z0-559 CTAL-TA 002ARXTROUBLESHOOT
Symantec