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Monthly Archives - December 2022

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...

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Which of the following is the best action for the internal auditor to take before drawing a conclusion?

An internal auditor collected several employee testimonials. Which of the following is the best action for the internal auditor to take before drawing a conclusion?A . Ensure the testimonials are well documented B. Substantiate the testimonials with physical or documentary evidence C. Corroborate testimonials with the results from other soft...

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What is the test pressure of a metallic piping system whose design temperature is above the test temperature using the following conditions? NPS 6, SA106 Gr.B, 100 psi / 800°F

What is the test pressure of a metallic piping system whose design temperature is above the test temperature using the following conditions? NPS 6, SA106 Gr.B, 100 psi / 800°FA . 150 psi B. 450 psi C. 278 psi D. Test temperature verses design temperatures are not differentView AnswerAnswer: C

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An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?

An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?A . Verifying the existence of inventory items in each warehouse B. Assigning the tolerable deviation rate to determine the sample size C....

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