IIA CPEA Exam Practice Test Instant Access

Question 1

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 2

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 3

Process audits are normally:

AMore extensive than system audits

BPerformed internally or externally

CLess extensive than product audits

DPerformed externally only

Answer : D

Question 4

An extrinsic audit would normally focus on which of the following?

AYour company's suppliers

BAn internal compliance assessment

CAn assessment of your customers

DA company's internal quality system review

Answer : A

Question 5

A quality assessment, when compared to a quality audit, is:

AVirtually the same thing

BPerformed only during the contract phase

CLess formal

DBroader in scope

Answer : C

Question 6

While considering internal control system of an entity, the auditor is basically concerned that the system provides reasonable assurance about which one of the following?

AThat the management cannot override the system

BOperational efficiency has been achieved according to management plans

CErrors have been prevented or detected

DControls have not been circumvented by collusion

Answer : C

Question 7

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

IIA Certified Professional Environmental Auditor Exam Practice Test