IIA CPEA Exam Practice Test Instant Access

Question 1

The assessment audit when compared to a full scope audit:

AIs almost always an internal audit

BTends to be less in-depth

CIndicates the use of military standards

DIs conducted during the execution phase of the contract

Answer : B

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 good audit protocol:

AShould provide the auditor with an abstract or overview of the key federal, state, and local regulations and requirements relevant to each compliance area at the facility being audited

BShould highlight those key definitions that help the auditor conduct the audit without having to refer to the full text copies of the applicable regulations. The importance of definitions in verifying regulatory compliance areas cannot be over-emphasized.

CShould provide an opportunity to verify that internal company environmental management procedures are understood and adhered to by plant staff

DNone of these

Answer : A, B, C

Question 7

The submittals, concise reports on the status of the audit program, should contain the following information at a minimum:

ATrends in the number or percentage of repeat findings

BTrends in the types of noncompliance items to identify potential corporate wide issues

CDevelopment and implementation of an auditor evaluation program

DBoth A and B

Answer : D

IIA CPEA Certified Professional Environmental Auditor Exam Practice Test