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Which of the following analytical review procedures would best evaluate the reasonableness of the increase in health-care costs?
An organization's health-care insurance costs have been rising approximately 10 percent per year for several years. Which of the following analytical review procedures would best evaluate the reasonableness of the increase in health-care costs?A . Develop a comparison of the costs incurred with similar costs incurred by other organizationsB ....
Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?
Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?A . Evaluate how the organization manages fraud risk.B . Establish procedures for improving risk management processes.C . Ensure risk responses are aligned with industry standardsD . Verify...
The organization’s internal audit charter was last updated six years ago to update the charter, which of the following actions is most appropriate for the chief audit executive to take?
The organization’s internal audit charter was last updated six years ago to update the charter, which of the following actions is most appropriate for the chief audit executive to take?A . Wait for the next external assessment and address all of the missing information in the charter based on the...
Which of the following is a true statement regarding whistleblowing?
Which of the following is a true statement regarding whistleblowing?A . Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.B . Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behaviorC . Whistleblowers are current or former employees...
With regard to project management, which of the following statements about project crashing is true?
With regard to project management, which of the following statements about project crashing is true?A . It leads to an increase in risk and often results in rework.B . It is an optimization technique where activities are performed in parallel rather than sequentiallyC . It involves a revaluation of project...
Which of the following types of policies best helps promote objectivity in the internal audit activity’s work?
Which of the following types of policies best helps promote objectivity in the internal audit activity’s work?A . Policies that are distributed to all members of the internal audit activity and require a signed acknowledgment.B . Policies that match internal auditors' performance with feedback from management of the area under...
What is the primary reason that audit supervision includes approval of the engagement report?
What is the primary reason that audit supervision includes approval of the engagement report?A . To ensure the objectives of the area under review are metB . To ensure senior management supports the reports conclusionsC . To ensure report style and grammar are appropriate.D . To ensure report findings are...
Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?
A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?A . Review or establish a documented skills...
What would be the effect if an organization paid one of its liabilities twice during the year, in error?
What would be the effect if an organization paid one of its liabilities twice during the year, in error?A . Assets, liabilities, and owners' equity would be understated.B . Assets, net income, and owners’ equity would be unaffectedC . Assets and liabilities would be understated.D . Assets, net income, and...
According to Herzberg’s Two-Factor Theory of Motivation, which of the following factors are mentioned most often by satisfied employees9
According to Herzberg’s Two-Factor Theory of Motivation, which of the following factors are mentioned most often by satisfied employees9A . Salary and status.B . Responsibility and advancementC . Work conditions and security.D . Peer relationships and personal lifeView AnswerAnswer: B Explanation: Herzberg's Two-Factor Theory, also known as the Motivation-Hygiene Theory,...
