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The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that internal auditors exercised due professional care during the review?
The internal audit activity completed its analysis of sample transactions to determine occurrences of double billings According to If A guidance, which of the following best demonstrates that internal auditors exercised due professional care during the review?A . Internal auditors found no instances of double billing and concluded there were...
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?
Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?A . Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework. B. Develop a...
Which of the following should a general internal auditor be able to characterize as an IT-related risk?
Which of the following should a general internal auditor be able to characterize as an IT-related risk?A . Computer servers are in a room that is accessible to all employees, B. An IT architect avoids taking vacations and sharing his workload with coworkers, C. Hours billed by IT developers exceed...
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...
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 demonstrates internal auditors performing their work with proficiency?
Which of the following best demonstrates internal auditors performing their work with proficiency?A . Internal auditors meet with operational management at each phase of the audit process. B. Internal auditors adhere to The IIA’s Code of Ethics. C. Internal auditors work collaboratively with their engagement team. D. Internal auditors complete...
Which of the following situations undermines the independence of the internal audit activity?
Which of the following situations undermines the independence of the internal audit activity?A . The internal audit activity is responsible for the company's risk management function, and its head manager reports to the chief audit executive. B. A senior member of the internal audit activity once worked in the corporate...
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....
According to the 11A Code of Ethics, which of the following is required with regard to communicating results?
According to the 11A Code of Ethics, which of the following is required with regard to communicating results?A . The internal auditor should present material information to appropriate personnel within the organization without revealing confidential matters that could be detrimental to the organization. B. The internal auditor should disclose all...
Which of the following types of controls should she examine?
An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping* She wonders whether they can also modify orders after shipping. Which of the following types of controls should she examine?A . Batch controls. B. Application controls. C. General IT...
