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Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?
Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?A . The member and the internal auditor should opt for informal meetings even if it means that no formal documentation will be created.B . The mentor relationship is usually not suitable for internal...
According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organization al process?
According to the IIA guidance, which of the following foes the engagement work test in a review in a review of an organization al process?A . Process objectivesB . Process risksC . Process controlsD . Process scopeView AnswerAnswer: C
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...
With this data, which of the following types of ghost employees will the auditor be able to identify?
An internal auditor wants to identity potential ghost employees in the organization's payroll system. The auditor extracts the following data - Human resources data with employees' names addresses employment conditions and identification codes - Payroll data - Logs from entrance systems With this data, which of the following types of...
The IAA frequently is involved in various project teams and task forces in an advisory capacity.
The IAA frequently is involved in various project teams and task forces in an advisory capacity.A . 1 and 2B . 1 and 3C . 2 and 4D . 3 and 4View AnswerAnswer: D
During the filework phase of an assurance engagement the internal auditor decides that she wants to adjust the audit work program.
During the filework phase of an assurance engagement the internal auditor decides that she wants to adjust the audit work program. Which of the following is the most appropriate next step for the auditor to take9A . Request additional information needed from management of the area under review.B . Obtain...
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: B
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...
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?A . The establishment of an audit approach and documentation systemB . The standardization of workpaper terminology and notationsC . The ability to reach consistent audit conclusions regardless of who performs the auditD . The...
When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?
When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive? • During an audit of the hiring process in a law firm, it was discovered that potential employees' credentials were not...
