Audit Reporting and Quality CISA Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   What is the purpose of an internal assessment within a Quality Assurance and Improvement Program (QAIP)?

   • ATo replace the need for external assessments
   • BTo evaluate the audit function's conformance with standards and identify improvement opportunities
   • CTo assess the performance of individual auditees
   • DTo determine the audit budget for the next year
   Reveal Solution Discussion Select an answer first
2. 22application · medium

   The internal audit department wants to evaluate the effectiveness of its audit process. The CAE is considering several metrics. Which metric is most directly related to the effectiveness of the audit process?

   • APercentage of audit recommendations that are implemented by management within the agreed timeframe.
   • BNumber of audit staff with certifications.
   • CNumber of audits performed per year.
   • DAverage cost per audit.
   Reveal Solution Discussion Select an answer first
4. 23expert · hard

   An IS auditor is tracking the remediation of a finding related to inadequate backup procedures. Management's action plan stated that a new backup solution would be implemented within six months. At the six-month follow-up, the auditor finds that the solution is implemented but not fully configured to meet the original requirement. What is the most appropriate action for the auditor?

   • AEscalate the issue to the board immediately because management failed to meet the original deadline.
   • BReport the finding as resolved in the final report because the solution is in place, and mention the configuration issue in a footnote.
   • CClose the finding because the solution is implemented, and note the configuration issue as a new low-risk observation.
   • DKeep the finding open and work with management to update the action plan with a revised target date for full configuration.
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   What is the primary purpose of monitoring audit process metrics?

   • ATo compare the performance of individual auditors
   • BTo justify the audit budget to senior management
   • CTo evaluate the effectiveness and efficiency of the audit function
   • DTo ensure all audits are completed within the same timeframe
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   When communicating audit results, why is it important to present findings objectively?

   • ATo avoid offending management
   • BTo make the report easier to write
   • CTo comply with regulatory requirements for report formatting
   • DTo ensure the report is based on facts and evidence, not personal opinions
   Reveal Solution Discussion Select an answer first