IIA CPEA Exam Practice Test Instant Access

Question 1

Which one of the following is grammatically incorrect?

AEvery intern and trainee is aware of the security concerns

BNeither the section head nor the supervisor has signed the evaluation form

CMore than half of the forms received last month were incomplete

DThe editorial changes, in addition to the new font, makes the manual more readable

Answer : D

Question 2

The audit which is a review of any part of an entity's operating procedures and methods is known as:

AFinancial statement audits

BOperational audits

CTechnical Audits

DCompliance audits

Answer : B

Question 3

Which one of the following is NOT a factor included in the control environment of an entity?

AIntegrity and ethical values

BRisk assessment

CCommitment to competence

DOrganization structure

Answer : D

Question 4

An auditor's flow chart of an entity's information system is a diagrammatic representation. It depicts what kind of information?

AProgram for tests of control

BUnderstanding of the system

CUnderstanding of the types of irregularity that are probable given by the present system

DDocumentation of the study and evaluation of the system

Answer : D

Question 5

Which one of the following is FALSE about Internal Control Evaluation Checklists (ICEC)?

AICEC is developed to overcome the shortcomings of Internal Control Questionnaire

BThe rules of constructing ICEC is different than construction of Internal Control Questionnaire

CIt is designed to determine, whether desirable internal controls are present

DIt is normally employed where system's information has already been recorded

Answer : D

Question 6

A well designed Internal Control Questionnaire (ICQ) should incorporate the following Except:

ABe a sufficient source of data for the evaluation of internal controls

BIdentity the internal control system's strengths and weaknesses

CBe organized by individual functional organizations

DShould include simple yes or no responses but no narrative responses

Answer : D

Question 7

The factors that affect reasonable assurance include all of the following Except:

AUse of testing (Sampling)

BInterest limitations of accounting and internal control

CRemuneration of the auditor

DPersuasive nature of audit evidence

Answer : D

IIA CPEA Certified Professional Environmental Auditor Exam Practice Test