Free CIA ExamPosted On 19/08/2025|0 Comments Welcome to your Free CIA Exam An important difference between a statistical and a judgmental sample is that with a statistical sample: a. No judgment is required because everything is computed according to a formula. b. A smaller sample can be used. c. Results that are more accurate are obtained. d. Population estimates with measurable reliability can be made. None English Female English Male A CAE uses a risk assessment model to establish a risk-based plan. Which of the following would be an appropriate action by the CAE? I. Maintain ongoing dialogue with management and the audit committee. II. Ensure that the schedule of audit priorities remains unchanged. III. Employ only quantitative methods to determine risk weightings. IV. Revise the risk assessment and audit priorities as warranted. a. III only. b. I and II only. c. I and IV only. d. III and IV only. None English Female English Male According to the Standards, what is the role of internal audit as it relates to risk management? a. Determine the risk appetite of the organization. b. Evaluate the effectiveness of the risk management process. c. Communicate relevant risk information to the appropriate people within the organization. d. Identify and assess significant risks within the organization. None English Female English Male Time's up
