The audit plan is aligned with the organization's goals.
The audit plan is aligned with the organization's goals.A . 1 and 2 onlyB . 3 and 4 onlyC . 1, 2, and 4D . 1, 3, and 4View AnswerAnswer: C
Which of the following is the best action for the internal auditor to take before drawing a conclusion?
An internal auditor collected several employee testimonials. Which of the following is the best action for the internal auditor to take before drawing a conclusion?A . Ensure the testimonials are well documentedB . Substantiate the testimonials with physical or documentary evidenceC . Corroborate testimonials with the results from other soft...
Communicate to senior management a summary report on the status and adequacy of audit resources.
Communicate to senior management a summary report on the status and adequacy of audit resources.A . 1 and 3 onlyB . 2 and 4 onlyC . 1, 2, and 4D . 2, 3, and 4View AnswerAnswer: D
Which of the following items, included in the preliminary audit communication would be most useful for management to formulate action plans in response to audit recommendations?
Which of the following items, included in the preliminary audit communication would be most useful for management to formulate action plans in response to audit recommendations?A . A conditionB . An audit objectivesC . An audit scopeD . An observation ratingView AnswerAnswer: D
According to IIA guidance, which of the following roles should the CAE not undertake?
An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...
What is the best course of action for a chief audit executive if an internal auditor identifies in the early stage of an audit that some employees have inappropriate access to a key system?
What is the best course of action for a chief audit executive if an internal auditor identifies in the early stage of an audit that some employees have inappropriate access to a key system?A . Contact the audit committee chair to discuss the findingB . Obtain verbal assurance from management...
According to IIA guidance, which of the following roles should the CAE not undertake?
An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...
Which of the following would best assist the CAE in achieving this balance1?
A chief audit executive (CAE) is trying to balance the internal audit activity's needs for technical audit skills budget efficiency and staff development opportunities. Which of the following would best assist the CAE in achieving this balance1?A . Strategic sourcingB . Loan staff arrangementC . Flat organizational structureD . Hierarchical...
Third-party opinion.
Third-party opinion.A . 1 and 3B . 1 and 4C . 2 and 3D . 2 and 4View AnswerAnswer: C
According to IIA guidance, which of the following roles should the CAE not undertake?
An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...