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Which of the following most accurately describes the role of the board when it comes to organizational governance?
Which of the following most accurately describes the role of the board when it comes to organizational governance?A . Responsibility for outcome of the process. B. Responsibility to be involved in management of the organization. C. Responsibility to determine who is accountable for outcomes. D. Responsibility to identify risks in...
According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?
According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?A . The organizational culture rewards critical and objective thinking. B. The quality of work performed by the internal audit activity is periodically reviewed, C. The organization establishes effective governing body oversight, D....
Which of the following is the most effective way for internal auditors to determine whether ethical values are followed throughout the organization?
Which of the following is the most effective way for internal auditors to determine whether ethical values are followed throughout the organization?A . Review the organization's ethical value structure and reporting procedures. B. Review what the organization considers to be ethical behavior, such as the employee code of conduct. C....
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 behavior C. Whistleblowers are current or former employees...
According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?
According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?A . To enable Triple Bottom Line reporting capability. B. To facilitate the conduct of risk assessment. C. To achieve and maintain sustainable development. D. To fulfill regulatory and compliance...
Which of the following would be the most effective way to approach this issue?
A series of incidents over the past year reveals several members of senior management possess a limited understanding of the concept and impact of fraud. Which of the following would be the most effective way to approach this issue?A . The board should ask the internal audit activity to perform...
Which of the following could increase risks to the organization’s control environment?
Which of the following could increase risks to the organization’s control environment?A . Strong board of directors oversight. B. Incentive-based compensation structures. C. Lower than average employee turnover. D. Implementation of a fraud hotline.View AnswerAnswer: B
Which of the following situations is most likely to heighten an internal auditor's professional skepticism regarding potential fraud?
Which of the following situations is most likely to heighten an internal auditor's professional skepticism regarding potential fraud?A . A procurement manager does not have the expected academic credentials for his position. B. A salesperson frequently complains about the organization's policy on sales commissions. C. The accounts payable supervisor has...
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...
Which of the following best describes the internal audit activity's contribution to the implementation of the risk management framework?
Which of the following best describes the internal audit activity's contribution to the implementation of the risk management framework?A . Internal audit identifies key risk areas during assurance reviews and provides audit findings. B. Internal audit assists with the prioritization of identified risks. C. Internal audit participates in setting the...
