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Third-party opinion.
Third-party opinion.A . 1 and 3B . 1 and 4C . 2 and 3D . 2 and 4View AnswerAnswer: C
Which of the following courses of action would have prevented this situation?
An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. Which of the following courses of action would have...
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?A . Proposing fine item recommendation lot the annual financial budget of the accounting departmentB . Making recommendations regarding financial approval authority limits for the operations departmentC . Validating whether employees are...
Which of the following is the most important concept to be included in a consulting engagement agreement?
Which of the following is the most important concept to be included in a consulting engagement agreement?A . Define the duties and responsibilities needed from management to perform the engagement.B . Disclose the fact that auditors who perform the work may not be subject matter experts in the topic of...
The audit plan is aligned with the organization's goals.
The audit plan is aligned with the organization's goals.A . 1 and 2 onlyB . 3 and 4 onlyC . 1, 2, and 4D . 1, 3, and 4View AnswerAnswer: C
If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?
If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?A . Acts that may endanger the health or safety of individuals.B . Acts that favor one party to the detriment of another.C . Acts that damage...
Which of the following is an appropriate documentation of proper engagement supervision?
Which of the following is an appropriate documentation of proper engagement supervision?A . A completed engagement workpaper review checklist.B . The supervisor's review notes on engagement workpapers.C . The email exchanges between the audit team and the supervisor.D . A supervisor's approval of resources allocated to the engagementView AnswerAnswer: B
Which of the following should be described in the recognition element of a typical internal audit repot?
Which of the following should be described in the recognition element of a typical internal audit repot?A . Positive aspects of the process or area under reviewB . A brief synopsis of the process of area under reviewC . Outcomes and ratings of the process or area under reviewD ....
According to IIA guidance, which of the following roles should the CAE not undertake?
An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes.B . Audit risk...
Which of the following should be the focus of the effect section of the preliminary observations document?
Which of the following should be the focus of the effect section of the preliminary observations document?A . Residual riskB . Inherent riskC . Compensating controlsD . Control activitiesView AnswerAnswer: A
