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Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?
Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?A . The member and the internal auditor should opt for informal meetings even if it means that no formal documentation will be created.B . The mentor relationship is usually not suitable for internal...
When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?
When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?A . The chief audit executive may recommend that management conduct further work to identify the root cause and address the issueB . Internal auditors should finish...
Which of the following situations would justify the removal of a finding from the final audit report?
Which of the following situations would justify the removal of a finding from the final audit report?A . Management disagrees with the report findings and conclusions in their responses.B . Management has already satisfactorily completed the recommended corrective action.C . Management has provided additional information that contradicts the findings.D ....
Which type of engagement would be most appropriate to assess the root causes of the quality issues?
A toy manufacturer receives certain components from an overseas supplier and uses them to assemble final products Recently quality reviews have identified numerous issues regarding the components' compliance with mandatory quality standards. Which type of engagement would be most appropriate to assess the root causes of the quality issues?A ....
Based on the auditor's actions which of the following is most likely the objective of this engagement1?
An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests. Based...
Which of the following should be added to the observation?
'Internal policy prohibits employees from entering into contacts with financial obligations without proper approval. A project manager signed a change to an important service agreement without obtaining the proper approval As a result the organization is receiving $5,000 per month less for its services.’’ Which of the following should be...
Which of the following best describes this condition?
During a fraud interview, it was discovered that unquestioned authority enabled a vice president to steal funds from the organization. Which of the following best describes this condition?A . Scheme.B . Opportunity.C . Rationalization.D . Pressure.View AnswerAnswer: B
Which of the following should management action plans include at a minimum?
Which of the following should management action plans include at a minimum?A . An implementer for the action planB . An owner of the action planC . The internal auditor's next review date of the action planD . Detailed procedures for the action planView AnswerAnswer: B
Which of the following engagement objectives would be appropriate to fulfill this request?
The board of directors expressed concerns about potential external risks that could impact the organization s ability to meet its annual objectives and goals The board requested consulting services from the internal audit activity to gain insight regarding the external risks. Which of the following engagement objectives would be appropriate...
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?A . The establishment of an audit approach and documentation systemB . The standardization of workpaper terminology and notationsC . The ability to reach consistent audit conclusions regardless of who performs the auditD . The...
