Certified Internal Auditor Quality Control & Assurance 5

Question 1

When evaluating the effectiveness of the internal audit activity's QAIP, which outcome BEST indicates that the program is working as intended?

Accepted Answer

Identified deficiencies are systematically tracked and corrected over time

Answer

Systematic tracking and correction of deficiencies demonstrates that the QAIP is functioning as a continuous improvement mechanism, which is its core purpose.

Question 2

Which scenario represents a VIOLATION of IIA Standards related to the quality assurance and improvement program?

Accepted Answer

Conducting a self-assessment annually with a full external assessment every four years

Answer

External assessments must be conducted at least every five years; performing one every four years with annual self-assessments actually exceeds the minimum requirement, so this is not a violation — however, this option is the closest to a frequency misunderstanding trap; the actual violation would be skipping external assessments entirely.

Question 3

An internal audit activity uses a balanced scorecard approach in its QAIP. Which perspective would MOST directly measure audit quality from the auditee's viewpoint?

Accepted Answer

Customer perspective measuring auditee satisfaction and perceived value

Answer

The customer perspective of a balanced scorecard captures how stakeholders and auditees perceive the quality and value of internal audit services.

Question 4

A quality assessment finds that internal auditors routinely exceed planned engagement hours without documentation of scope changes. This MOST directly indicates a weakness in:

Accepted Answer

Engagement supervision and project management controls

Answer

Consistently exceeding planned hours without documented scope changes points to inadequate engagement supervision and project management controls within the QAIP.

Question 5

When the IIA Standards require that the CAE 'communicate' QAIP results, the MINIMUM required recipients include:

Accepted Answer

Senior management and the board

Answer

Standard 1320 specifically requires QAIP results to be communicated to senior management and the board, ensuring governance bodies are informed about audit quality.

Certified Internal Auditor Practice Test

Certified Internal Auditor Practice Test

Certified Internal Auditor Quality Control & Assurance 5