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Certified Internal Auditor - Part 1, The Internal Audit Activity\'s Role in Governance, Risk, and Control
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The top three sales representatives for a company consistently include non-allowable charges on
their expense reports. Line management is reluctant to deny reimbursement of the charges for fear
of losing the sales representatives. This situation has the greatest negative impact on which of the
following internal control components?
B. Control environment.
C. Information and communication.
D. Control activities.
Which of the following factors affects the control risk of a company?
A. Potential problems like technological obsolescence.
B. Unusual pressures on management.
C. Complex accounts that require expert valuations.
D. Segregation of duties.
Human resources and payroll are separate departments. Which of the following combinations would
provide the best segregation of duties?
A. Human resources personnel add employees, payroll personnel process hours, and human
resources personnel deliver paychecks to employees.
B. Human resources personnel add employees, review and submit payroll hours to the payroll
department for processing, and deliver paychecks to employees.
C. Human resources personnel add employees, and payroll personnel process hours and enter
employee bank account numbers. Paychecks are automatically deposited in the employee's bank
D. Payroll personnel add employees and enter employee bank account numbers but process hours
only as approved by the human resources department. Paychecks ar