Which of the following would be the most important consideration by the internal audit activity when selecting employees to perform an internal quality assessment?

Which of the following would be the most important consideration by the internal audit activity when selecting employees to perform an internal quality assessment?A . Their understanding of auditing standards.B . Previous experience working with the internal audit activity.C . Their reporting line within the organization.D . The nature of their regular duties and...

Which of the following internal audit tools would be most effective to document the process and the key controls?

The internal audit activity is planning a procurement audit and needs to obtain a thorough understanding of the subcontracting process, which can involve multiple individuals in multiple countries. Which of the following internal audit tools would be most effective to document the process and the key controls?A . Internal control checklist.B . Procurement employee...

Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?

Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.B . The chief audit executive reports both functionally and administratively to the CED . The internal audit charter is...

According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?

A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?A . Continuously monitor the organization’s overall risk activities in relation to its risk appetite.B . Evaluate the adequacy and effectiveness of the organization’s governance activities.C . Oversee...