IIA CPEA Exam Practice Test Instant Access

Question 1

Your company has been advised that it will be the subject of a pre-award survey. You advise management to prepare for:

AA surprise audit

BAn internal audit

CA third party audit

DAn announced audit

Answer : D

Question 2

Surprise audits are the general rule for:

ACustomers only

BFDA and EPA audits

CMarginal suppliers

DInternal audits only

Answer : B

Question 3

Most in-house audits should be conducted by:

AOutside third party consultants

BCustomer auditors

CCompany auditors from the audited departments

DIndependent company auditors

Answer : D

Question 4

The major advantage of a product audit compared to a system or process audit is:

AIt's cheaper to perform

BIt can be performed away from the supplier's plant

CIt focuses attention on the final product or service

DIt normally does not require a final report

Answer : C

Question 5

Process audits are normally:

AMore extensive than system audits

BPerformed internally or externally

CLess extensive than product audits

DPerformed externally only

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