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Which of the following is an example of a detective control?
Which of the following is an example of a detective control?A . Automatic shut-off valve. B. Auto-correct software functionality. C. Confirmation with suppliers and vendors. D. Safety instructions.View AnswerAnswer: C
According to NA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?
According to NA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?A . CAE reviews and approves the annual audit plan, B. CAE meets privately with the CEO at least annually. C. CAE meets privately with the...
According to IIA guidance, which of the following statements regarding the internal audit charter is true?
According to IIA guidance, which of the following statements regarding the internal audit charter is true?A . The nature of consulting services typically is not included in the charter. B. The chief audit executive must formally review the charter at least once a year C. The nature of assurances provided...
Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care?
Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care? A description of their job responsibilities,A . A non-disclosure agreement. B. An annual declaration of commitment to C. The IIA s Code of Ethics. D. The internal audit...
Which of the following statements is true with regard to services provided by the internal audit activity?
Which of the following statements is true with regard to services provided by the internal audit activity?A . For consulting engagements, internal auditors do not need to be alert to control issues. B. Assurance and consulting services have similar objectives. C. Internal auditors may not perform assurance and consulting roles...
Which of the following situations best describes an internal auditor who may have violated the IIA Code of Ethics principle of confidentiality?
Which of the following situations best describes an internal auditor who may have violated the IIA Code of Ethics principle of confidentiality?A . The auditor intentionally omitted from his resume that he was fired from his previous job for fraud allegations, B. The auditor decided not to notify her supervisor...
In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?
In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?A . The CAE previously undertook a consulting assignment in that area to improve processes, B. A couple of years ago, the CAE performed accounting functions for the payroll...
According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?
According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?A . The organizational culture rewards critical and objective thinking. B. The quality of work performed by the internal audit activity is periodically reviewed, C. The organization establishes effective governing body oversight, D....
organization?
Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large organization?A . The internal assessment results should be discussed once every five years, B. The rating conclusions and the impact from results of the external assessment...
In which of the following situations may the internal audit activity report conformance with the Standards?
In which of the following situations may the internal audit activity report conformance with the Standards?A . An internal audit activity has been in existence at least five years and has not completed an external assessment, B. An internal auditor was assigned to an audit engagement but did not meet...
