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IIA Certification in Risk Management Assurance Sample Questions:
1. Which of the following statements is true regarding assurance services provided to clients outside of the organization?
A) Assurance services for outside clients are not covered under the internal audit charter.
B) The nature of assurance services for outside clients is the same as for internal clients.
C) The nature of assurance services for outside clients should be defined in the internal audit charter.
D) Assurance services for outside clients must be approved on a case-by-case basis by the board of directors.
2. According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?
A) The board.
B) The chief audit executive.
C) Senior management.
D) The external auditors.
3. Which of the following statements describes impairment to the internal auditor's objectivity?
A) An internal auditor reduces the scope of an audit engagement due to budget restrictions.
B) An internal auditor receives a promotional gift that is available to the organization's employees.
C) An internal auditor performs an assessment of the operations for which he was recently responsible.
D) An internal auditor reviews a purchasing agent's contract drafts prior to their execution.
4. According to the COSO enterprise risk management framework, which of the following best describes the activity that helps ensure risk responses are carried out effectively?
A) Event identification.
B) Objective setting.
C) Control activities.
D) Information and communication.
5. Which of the following is an example of a directive control?
A) Automated reconciliations.
B) Exception reports.
C) Segregation of duties.
D) Incentive compensation plans.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |

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