Question 1

Which of the following elements of the Fraud Triangle is directly under the organization's control?

Options :

A : Pressure

B : Rationalization

C : Opportunity

Answer: C

Question 2

An internal auditor has set an engagement objective of determining whether all cash receipts are deposited intact daily. To satisfy this objective, the internal auditor interviewed the controller who gave assurances that all cash receipts are deposited as soon as is reasonably possible. As information that can be used to satisfy the stated engagement objective, the controller’s assurances are

Options :

A : Sufficient but not reliable or relevant.

B : Relevant but not sufficient or reliable.

C : Not sufficient, reliable, or relevant.

D : Sufficient, reliable, and relevant.

Answer: B

Question 3

Objectivity is most likely impaired by an internal auditor's

Options :

A : Review of a purchasing agent-s contract drafts prior to their execution.

B : Reduction of the scope of an engagement due to budget restrictions.

C : Participation on a task force that recommends standards for control of a new distribution system.

D : Continuation on an engagement at a division for which (s)he will soon be responsible as the result of a promotion

Answer: D

Question 4

Which of the following statements about conflict of interest is false?

Options :

A : A conflict of interest could impair an individual’s ability to perform his or her duties and responsibilities objectively.

B : A conflict of interest is a situation in which an internal auditor has a competing professional or personal interest.

C : A conflict of interest can create an appearance of impropriety that can undermine confidence in the internal auditor.

D : A conflict of interest only exists when the internal auditor displays unethical behavior or engages in improper acts.

Answer: D

Question 5

The best way to protect data on personal computers against ransomware attacks is to:

Options :

A : B.Store central backup data on local flash drives.

B : D.Store local backup data on local servers.

C : A.Store a company backup data on a cloud storage system.

D : C.Store central backup data on central servers.

Answer: C