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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...
Who is responsible for ensuring internal auditors’ continuing professional development?
Who is responsible for ensuring internal auditors’ continuing professional development?A . Individual internal auditors. B. Chief audit executive. C. The board. D. Engagement supervisors.View AnswerAnswer: B
Which of the following needs to be established prior to undertaking an assessment of the quality assurance and improvement program?
Which of the following needs to be established prior to undertaking an assessment of the quality assurance and improvement program?A . Department performance standards. B. Remediation timeframes. C. Nonconformance disclosures. D. External assessment resourcesView AnswerAnswer: D
Operational management in the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings. This activity is designed to prevent which of the following conditions?
Operational management in the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings. This activity is designed to prevent which of the following conditions?A . Knowledge/skills gap, B. Monitoring gap. C. Accountability/reward failure, D. Communication failure.View AnswerAnswer: B
be included in the charter?
The chief audit executive (CAE) of a new internal audit activity is creating an internal audit charter According to IIA guidance, which of the following terms is most likely to be included in the charter?A . Senior management will be present whenever the CAE interacts with the board, to ensure...
Which of the following IIA Code of Ethics principles was violated in this scenario?
During a payroll audit, the internal auditor discovered that several individuals who have the same position classification as he are earning a significantly higher salary. The auditor noted the names and amounts of each, and he planned to prepare a request to the chief audit executive for a salary increase...
Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?
Which of the following best describes the Standards requirement for collective proficiency of the internal audit activity?A . The internal audit activity must have auditors on staff who collectively possess all of the competencies required to fulfill the internal audit plan, B. All internal auditors on staff should possess the...
Which of the following actions should the internal auditor take first?
An internal auditor believes that the internal audit activity's independence is impaired. Which of the following actions should the internal auditor take first?A . Report the impairment to senior management B. Discuss the impairment with the audit manager C. Ascertain the best approach to disclose the impairment. D. Decide on...
Which of the following skills is most important for an internal auditor who facilitates control self-assessment workshops to possess?
Which of the following skills is most important for an internal auditor who facilitates control self-assessment workshops to possess?A . Groupthink. B. Collaboration skills. C. Process analysis skills. D. Project management skills.View AnswerAnswer: C
Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?
Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?A . Regulators mandate specific audit engagements to be included in the audit plan. B. The internal audit activity reports functionally to the chief financial officer C. The internal audit activity reports administratively...
