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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 is the source of authority for the engagement supervisor to make such contact outside the organization?
An engagement supervisor obtains facilities maintenance reports from a contractor during an audit of third-party services. Which of the following is the source of authority for the engagement supervisor to make such contact outside the organization?A . The policies and procedures of the internal audit activity. B. The provisions of...
Identify and mitigate risks to help meet the CSR program objectives.
Identify and mitigate risks to help meet the CSR program objectives.A . 1,2, and 3, B. 1 2, and 4. C. 1, 3, and 4. D. 2, 3, and 4.View AnswerAnswer: A
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...
Which of the following skills did the auditor demonstrate?
During an assurance engagement, an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies. Which of the following skills did the auditor demonstrate?A . Internal audit management. B. Conflict negotiation. C. Critical thinking. D. Persuasion and collaboration.View AnswerAnswer: C
Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care?
Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care? A description of their job responsibilities,A . A non-disclosure agreement. B. An annual declaration of commitment to C. The IIA s Code of Ethics. D. The internal audit...
Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization’s records.
Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization’s records. 4, Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services.A . 1 and 3.B. B. 1 and 4. C. 2 and 3. D....
According to IIA guidance, which of the following statements is true regarding due professional care?
According to IIA guidance, which of the following statements is true regarding due professional care?A . Internal auditors must exercise due professional care to Insure that all significant risks will be identified, B. Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor...
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...
A chief audit executive (CAE) has no direct access to the board. According to IIA guidance, which of the following is the most appropriate way for the CAE to react?
A chief audit executive (CAE) has no direct access to the board. According to IIA guidance, which of the following is the most appropriate way for the CAE to react?A . Ensure all subsequent audit reports include a disclaimer as to the lack of access to the board, B. Focus...
