Which of the following statements is true regarding reporting results of the quality assurance and improvement program to senior management and the board?
A global manufacturing company has three regional offices. The chief audit executive (CAE) is concerned about the cost of an upcoming external quality assessment of the internal audit activity. The last external assessment was performed six years ago. Recently, the internal audit staff at one of the regional offices performed an internal assessment. To ensure conformance with the Standards, what is the most appropriate action for the CAE to take?
Which of the following best illustrates the principle of due professional care?
Which of the following is most accurate concerning corporate social responsibility?
What is expected of internal auditors in regards to due professional care?
An organization sells products through distributors. The organization ' s chief audit executive insists that the organization ' s code of conduct be applicable to their distributors as well. Which of the following risks would this mitigate?
Which of the following statements related to organization wide risk management and control is true?
The chief audit executive of a large national retailer is reviewing the purpose and objectives of the organization ' s internal audit activity
Which of the following objectives is best aligned with The IIA ' s Mission of Internal Audit?
Which of the following statements is true regarding organization wide risk management?
An e-commerce organization decides to conclude a contracting relationship with a service provider. The service provider offered continuous 24/7 after-sales troubleshooting services to customers.
What type of review can the internal audit function perform to assure that the service provider fulfilled its contractual obligations?
The chief risk officer (CRO) requested the internal audit function’s assistance during the implementation of the organization’s risk management process. The board wants the CRO and chief audit executive to define what the internal audit function’s role will be before it approves or denies the request.
Which of the following internal audit roles would be the most appropriate in this scenario?
A chief audit executive has decided to use the process element approach to evaluate the organization’s risk management process.
According to IIA guidance, which of the following provides evidence that the risk evaluation element is in place?
According to IIA guidance which of the following correctly describes the standard risk treatments outlined in the process element approach of the framework for risk management?
Which of the following must be in existence as a precondition to developing an effective system of internal controls?
In a small company with a small budget, the board and senior management asked the chief audit executive (CAE) to develop specific controls prompted by a new regulatory requirement affecting a specific process. The CAE was also directed to report functionally to senior management. An audit engagement on this process was already set in the internal audit plan. Which of the following represents an impairment to the internal audit activity ' s independence?
An organization is considering the acquisition of a target organization. Senior management asks the internal audit function to advise on the target organization’s information security practices.
What type of internal audit service is this?
Which of the following requests, if accepted by the internal audit activity, would impair its independence?
An internal auditor assigned to a supplier management process engagement reviews the risk assessment with the process owner The auditor inquires about the risk response for potentially engaging unqualified third-party service providers The process owner responds that due diligence checks are undertaken to make sure that third parties possess requisite competencies before they are engaged Which of the following risk management techniques is the process owner using?
The head of human resources notified the internal audit activity that a key account manager was fired because he did not register a large number of contracts with clients As a result the organization was unaware of its duties and would suffer some financial loss Which of the following should be expected from a competent internal auditor who is analyzing this situation?
