Sample Exam Questions

1.According to IIA guidance, independence of the internal audit activity is achieved through which of the following?
A. Staffing and supervision.
B. Continuing professional development and due professional care.
C. Human relations and communications.
D. Organizational status and objectivity.

2.Considering the differences between statistical and judgmental sampling, which of the following statements about statistical sampling is true?

A. No judgment is required, because everything is computed according to a formula.
B. A smaller sample can be used.
C. More accurate results are obtained.
D. Population estimates can be made with measurable reliability.

3.Which of the following is the best strategy for limiting production delays caused by equipment breakdown and repair?

A. Schedule production based on capacity planning.
B. Plan maintenance activity based on an analysis of equipment repair work orders.
C. Preauthorize equipment maintenance and overtime pay.
D. Establish a preventive maintenance program for all production equipment.