According to IIA guidance, which of the following statements is true when an internal auditor performs consulting services that improve an organization's operations?A . The services must be aligned with those defined in the...
An internal audit charter, approved by the board, restricts the internal audit activity to providing assurance only on the reliability of financial information and the effectiveness of internal accounting controls. Which of the following...
Which of the following is not an appropriate activity for internal auditors to perform?A . Recommend management seek a consulting firm to advise on outsourcing.B . Highlight matters that require management's attention.C . Implement...
Management of a publicly-held organization requires the internal audit activity to be involved with quarterly financial statements, which are made public and used internally. Which of the following explanations of management's decision is least...
Annually, the organization reviews and communicates the code of expected behavior.A . 1 and 2.B . 1 and 3.C . 2 and 3.D . 2 and 4.View AnswerAnswer: D
According to IIA guidance, which of the following statements is true when an internal auditor performs consulting services that improve an organization's operations?A . The services must be aligned with those defined in the...
In the area of business acumen, which of the following competencies would be the sole responsibility of an internal audit staff member?A . Maintaining industry-specific knowledge appropriate to the organization.B . Assessing how IT...
Which of the following statements is true with regard to conducting an effective quality assurance and improvement program?A . The IIA's Quality Assessment Manual for the Internal Audit Activity must be used as the...
An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment...
According to IIA guidance, which of the following objectives of an assurance engagement for the organization's risk management process is valid?A . All risks have been identified and mitigated.B . Risks have been accurately...
