Which of the following does not need to be defined in the internal audit charter?A . The audit engagements to be performed during the upcoming year.B . The internal audit activity's position within the...
An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and efficient in completing this task?A...
Which type of objectives can best be described as broad goals that promote the effective and efficient use of resources?A . Strategic objectives.B . Operational objectives.C . Reporting objectives.D . Compliance objectives.View AnswerAnswer: B
What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?A . To help the internal audit activity complete its annual assurance plan.B . To identify inefficiencies within the...
Providing a vehicle driver handbook is an example of a detective control.A . 1 and 2.B . 1 and 4.C . 2 and 3.D . 3 and 4.View AnswerAnswer: A
Which of the following actions best demonstrates that an internal auditor is exercising due professional care?A . The auditor performs thorough reviews and provides absolute assurance of regulatory compliance.B . The auditor is alert...
Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?A . Manage and support a quality assurance and improvement program.B...
During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole. This is an example of which...
Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?A . Governance, risk, and control.B . Performance management.C . Business acumen.D . Internal audit delivery.View AnswerAnswer:...
During an internal audit, an organization's processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some...
