Quality Control & Assurance Flashcards
7 cards from real Certified Internal Auditor practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Quality Control & Assurance flashcards as text
An internal auditor discovers that a prior audit engagement did not test a key control that was within scope. This situation BEST represents a failure in:
Answer: Engagement supervision
Failure to test a control within scope indicates inadequate engagement supervision, which should catch gaps in audit coverage during workpaper review.
When a CAE states that the internal audit activity 'conforms with the International Standards for the Professional Practice of Internal Auditing,' this statement requires support from:
Answer: Results of the QAIP, including both internal and external assessments
Per Standard 1321, the CAE may only make this conformance statement when supported by QAIP results that include both internal assessments and a current external assessment.
Which of the following is a key characteristic of a qualified external assessor for a quality assessment of the internal audit activity?
Answer: Must be independent of the organization and competent in internal audit practices
Qualified external assessors must be independent of the organization and possess competency in internal auditing, including familiarity with the IIA Standards.
A periodic self-assessment of the internal audit activity differs from ongoing monitoring in that it:
Answer: Provides a comprehensive evaluation of the entire internal audit function at a point in time
Periodic self-assessments are comprehensive evaluations of the entire internal audit activity conducted at defined intervals, unlike ongoing monitoring which is continuous and engagement-level.
Which metric is MOST useful for measuring the efficiency of the internal audit activity as part of a QAIP?
Answer: Ratio of planned audit hours to actual hours incurred per engagement
Comparing planned versus actual hours per engagement measures scheduling accuracy and resource efficiency, both key QAIP efficiency metrics.
An internal audit activity that 'partially conforms' with the IIA Standards during an external assessment should PRIMARILY:
Answer: Develop and implement a corrective action plan to address deficiencies
When an activity receives a 'partially conforms' rating, the CAE should develop a corrective action plan to remediate identified deficiencies and improve conformance.
Which of the following BEST describes the purpose of client satisfaction surveys as part of a QAIP?
Answer: To gather feedback on audit service quality and usefulness from auditees and stakeholders
Client satisfaction surveys capture stakeholder perceptions of audit quality, relevance, and added value, which are important QAIP effectiveness measures.