NO.139 According to IIA guidance, which of the following factors should the auditor in charge consider when determining the resource requirements for an audit engagement?

NO.140 Which of the following best describes a market signal?

NO.141 What must be monitored in order to manage risk of consumer product inventory obsolescence?
1. Inventory balances.
2. Market share forecasts.
3. Sales returns.
4. Sales trends.

NO.142 According to IIA guidance, which of the following is true when the internal audit activity is asked to investigate potential ethics violations in a foreign subsidiary?

NO.143 Organizational activities that complement each other and create a competitive advantage are called a:

NO.144 According to IIA guidance, which of the following would not be a consideration for the internal audit activity (IAA) when determining the need to follow-up on recommendations?

NO.145 The balanced scorecard approach differs from traditional performance measurement approaches because it adds which of the following measures?
1. Financial measures
2. Internal business process measures.
3. Client satisfaction measures
4. Innovation and learning measures

NO.146 Which of the following best describes the details that must be included in the quality assurance and improvement program (QAIP) report to senior management and the board?

NO.147 Which of the following factors is most responsible for the increasing risk that unauthorized parties may obtain or tamper with personal data?

NO.148 Which of the following behaviors could represent a significant ethical risk if exhibited by an organization’s board?
1. Intervening during an audit involving ethical wrongdoing.
2. Discussing periodic reports of ethical breaches.
3. Authorizing an investigation of an unsafe product.
4. Negotiating a settlement of an employee claim for personal damages.

NO.149 When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:

NO.150 An internal auditor completed an audit of a bank’s loan department and found all significant risks to be managed adequately through effective internal controls. Which of the following would be an appropriate conclusion to report to management?

NO.151 Which of the following best demonstrates the authority of the internal audit activity?

NO.152 Which of the following best describes the concept of relevant cost?

NO.153 According to IIA guidance, which of the following statements is true regarding periodic internal assessments of the internal audit activity?

NO.154 Which of the following control activities is the most effective to ensure users’ levels of access are appropriate for their current roles?

NO.155 Which of the following are typical audit considerations for a review of authentication?
1. Authentication policies and evaluation of controls transactions.
2. Management of passwords, independent reconciliation, and audit trail.
3. Control self-assessment tools used by management.
4. Independent verification of data integrity and accuracy.