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Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?
Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?A . Internal assessments provide sufficient objectivity to provide evidence to the board that the internal audit activity understands the organization’s control processes. B. Quality assessments focus on the internal...
In which of the following ways could stakeholders be engaged in corporate social responsibility efforts?
In which of the following ways could stakeholders be engaged in corporate social responsibility efforts?A . Investigation of health and safety incidents. B. Auditing of controls and management systems. C. Communication of disclosures and external reporting, D. Involvement in focus groups and complaint managementView AnswerAnswer: C
Which of the following best demonstrates that the internal audit activity is using due professional care?
Which of the following best demonstrates that the internal audit activity is using due professional care?A . The internal audit activity reports directly to the board on the engagements it performs. B. Internal auditors undertake the necessary training to complete their audit work. C. The completion of engagements is based...
According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?
A chief audit executive (CAE) identifies that the internal audit activity lacks a necessary skill to perform a management request for a consulting engagement. According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?A . Assign the engagement to a...
In which of the following situations may the internal audit activity report conformance with the Standards?
In which of the following situations may the internal audit activity report conformance with the Standards?A . An internal audit activity has been in existence at least five years and has not completed an external assessment, B. An internal auditor was assigned to an audit engagement but did not meet...
Which of the following is the most appropriate idea to include?
A regional entertainment organization is in the process of developing a corporate social responsibility (CSR) policy. Management invites ideas from employees when developing the CSR policy. Which of the following is the most appropriate idea to include?A . Management has overall responsibility for the effectiveness of governance, risk management, and...
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
According to NA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?
According to NA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?A . CAE reviews and approves the annual audit plan, B. CAE meets privately with the CEO at least annually. C. CAE meets privately with the...
Which of the following best demonstrates that the internal audit activity is using due professional care?
Which of the following best demonstrates that the internal audit activity is using due professional care?A . The internal audit activity reports directly to the board on the engagements it performs. B. Internal auditors undertake the necessary training to complete their audit work. C. The completion of engagements is based...
Which of the following must be in existence as a precondition to developing an effective system of internal controls?
Which of the following must be in existence as a precondition to developing an effective system of internal controls?A . A monitoring process, B. A risk assessment process. C. A strategic objective-setting process. D. An information and communication process.View AnswerAnswer: B
