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Which of the following would be an appropriate conclusion to report to management?
An internal auditor completed an audit of a bank's loan department and found all significant risks to be managed adequately through effective internal controls. Which of the following would be an appropriate conclusion to report to management?A . The residual risk is lower than or equal to the risk appetite.B...
Which of the following would not be considered part of preliminary survey of an engagement area?
Which of the following would not be considered part of preliminary survey of an engagement area?A . Interviews with individuals affected by the entity.B . Functional walk through test.C . Analytical reviews.D . Sampling scope.View AnswerAnswer: D
According to IIA guidance, which of the following scenarios demonstrates an internal auditor exercising due professional care?
CORRECT TEXT According to IIA guidance, which of the following scenarios demonstrates an internal auditor exercising due professional care? When auditing investments, the auditor identified instruments with which he was unfamiliar. He decided not to select that type of investment in his sample, as he did not have the knowledge...
