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Which of the following IIA Code of Ethics principles was violated in this scenario?
During a payroll audit, the internal auditor discovered that several individuals who have the same position classification as he are earning a significantly higher salary. The auditor noted the names and amounts of each, and he planned to prepare a request to the chief audit executive for a salary increase...
Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?
Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?A . The internal audit activity must have auditors on staff who collectively possess all of the competencies required to fulfill the internal audit plan, B. All internal auditors on staff should possess the...
Which of the following actions should the internal auditor take first?
An internal auditor believes that the internal audit activity's independence is impaired. Which of the following actions should the internal auditor take first?A . Report the impairment to senior management B. Discuss the impairment with the audit manager C. Ascertain the best approach to disclose the impairment. D. Decide on...
Which of the following skills is most important for an internal auditor who facilitates control self-assessment workshops to possess?
Which of the following skills is most important for an internal auditor who facilitates control self-assessment workshops to possess?A . Groupthink. B. Collaboration skills. C. Process analysis skills. D. Project management skills.View AnswerAnswer: C
Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?
Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?A . Regulators mandate specific audit engagements to be included in the audit plan. B. The internal audit activity reports functionally to the chief financial officer C. The internal audit activity reports administratively...
The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that internal auditors exercised due professional care during the review?
The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that internal auditors exercised due professional care during the review?A . Internal auditors found no instances of double billing and concluded there were...
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?A . Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework. B. Develop a...
Which of the following should a general internal auditor be able to characterize as an IT-related risk?
Which of the following should a general internal auditor be able to characterize as an IT-related risk?A . Computer servers are in a room that is accessible to all employees, B. An IT architect avoids taking vacations and sharing his workload with coworkers, C. Hours billed by IT developers exceed...
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...
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...
