IIA-CCSA Online Practice Questions and Answers

A methodology that can be used by managers and internal auditors to assess the adequacy of an organization's risk management and control processes is called:

A. Control self-assessment

B. Control certifications

C. Managerial control

D. Risk control

The four domains of emotional intelligence includes; Self-awareness, Self-management, Social awareness and:

A. Organizational awareness

B. Social skill

C. Achievement Orientation

D. Initiative

Tall organization structures have a large number of levels between the top of the organization and the bottom.

A. True

B. False

Risk assessment and developing plans and processes for risk mitigation is the purpose of:

A. Risk Planning

B. Risk Monitoring

C. Risk Identification

D. Risk Management

Cost effective refers to:

A. To make less use of obsolete technology

B. To degree to use fewer resources

C. To make expenses controlled at hand

D. The degree of change necessary to solve the problem

Which of the following is NOT the internal factor that could affect the objective setting?

A. Changes in production quotas

B. Resource or budgetary changes

C. Economic shifts

D. Additional or loss of large contracts or customers

2010- Planning standard states that:

A. The external audit activity's plan of engagements should be based on a productivity assessment, undertaken at least annually.

B. The internal audit activity's project of engagements should be based on a change assessment, undertaken at least annually.

C. The internal audit activity's plan of engagements should be based on a risk assessment, undertaken at least annually.

D. The external audit activity's plan of engagements should be based on a process assessment, undertaken periodically.

The risk that deficiencies in expenditure control or revenues will adversely affect agreedupon outcomes or objectives is called:

A. Unmodified risk

B. Operational risk

C. Absolute risk

D. Fiscal risk

___________ is charged with overseeing the establishment, administration and evaluation of the processes of risk management and control.

A. Senior management

B. Junior management

C. Governance

D. Organization

______________ defines internal control, describes its components and provides criteria against which control systems can be evaluated.

A. Internal Control Organizations (ICO)

B. Committee on Control Systems (COCS)

C. Security and Exchange Commission (SEC)

D. Committee on Sponsoring Organizations (COSO)