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Professional Qualifications QIA Syllabus Exam Questions Answers

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Total 80 questions
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Qualified Internal Auditor Questions and Answers

Question 5

Computer fraud is discouraged by

Options:

A.

Being willing to prosecute.

B.

Ostracizingwhistle-blowers.

C.

Overlooking inefficiencies in the judicial system.

D.

Accepting the lack of integrity in the system.

Question 6

A Qualified Internal Auditor directs the audit function for a large city and is planning the audit schedule for the next year. The city has a number of different funds, some that are restricted in use by government grants and some that require compliance reports to the government. One of the programs for which the city has received a grant is job retraining and placement. The grant specifies certain conditions a participant in the program must meet in order to be eligible for the funding.

The auditor must determine the applicable laws and regulations.

Which of the following procedures would be the least effective in learning about the applicable laws and regulations?

Options:

A.

Make inquiries of the city's chief financial officer, legal counsel, or grant administrators.

B.

Review prior year working papers and enquire of officials as to changes.

C.

Review applicable grant agreements.

D.

Discuss the matter with the audit committee and make inquiries as to the nature of the requirements and the audit committee's objectives for the audit.

Question 7

Which of the following is not an argument for principles-based approach to corporate governance?

Options:

A.

The same rules might not be suitable for every company

B.

There are some aspects of corporate governance that cannot be regulated easily

C.

Companies do not have the choice of ignoring the rules

D.

The most suitable corporate governance practices can differ between companies

Question 8

During an interview with a data input clerk to discuss a computerized system used to track employee training requirements and compliance, an auditor identifies a potentially significant weakness in the system.

The auditor should

Options:

A.

Not mention the weakness, directly or indirectly, to avoid making the clerk uncomfortable.

B.

Ask indirect questions that will help get more factual information relating to the potential weakness.

C.

Ask the clerk about the weakness and determine immediately if the finding should be reported.

D.

Conduct a second interview after determining whether the weakness actually exists.

Page: 2 / 3
Total 80 questions
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