IIA-ACCA Exam Dumps - ACCA CIA Challenge Exam

To enable Triple Bottom Line reporting capability.

To facilitate the conduct of risk assessment.

To achieve and maintain sustainable development.

To fulfill regulatory and compliance requirements.

An internal auditor should express an opinion only when consensus with top management has been achieved.

An internal auditor's opinion should be based on experience and free of all bias.

An internal auditor's opinion should be based on factual evidence.

An internal auditor's opinion should be limited to the effectiveness of internal controls.

Vendor invoice payment requests are accompanied by a purchase order and receiving report.

Purchase orders are typed by the purchasing department using prenumbered forms.

Buyers promptly update the official vendor listing as new supplier sources become known.

Department managers initiate purchase requests that must be approved by the plant superintendent.

When an internal auditor releases required information to a regulator, resulting in a significant loss through fines and penalties for the organization, he fails to add value.

When an internal auditor limits the scope of the audit engagement after learning that management is hiding relevant information, he demonstrates integrity.

When an internal auditor disagrees with the treatment received by workers in the organization's foreign subsidiary and alters the audit program to highlight the issue, he fails to demonstrate objectivity.

When an internal auditor continues with an audit engagement, despite the audit client's claims that the work performed is unnecessary and redundant he fails to demonstrate competency.

Risks are discussed with audit client.

All available information from the risk-based plan is used.

Client efforts to affect risk management are considered.

Prior risk assessments are considered.