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According to HA guidance, the chief audit executive is directly responsible for which of the following?
According to HA guidance, the chief audit executive is directly responsible for which of the following?A . Maintaining a quality assurance program even in the absence of management supportB . Periodically reviewing and approving the internal audit charierC . Providing opportunities for all staff auditors to satisfy their professional development...
Which of the following would most appropriately be used for this purpose?
An internal auditor is assigned to validate calculations on the organization's building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing. Which of the following would most appropriately be used for this purpose?A . Generalized audit software.B...
Which of the following components are missing in the observation?
An audit observation states the following: "Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding contacts with clients who have very high credit ratings. The internal audit team tested 50 contacts and 17 showed clients with a poor...
In which of the following populations would the internal auditor most likely choose to use a stratified sampling approach?
In which of the following populations would the internal auditor most likely choose to use a stratified sampling approach?A . Inventory comprised of the same items stored in different warehousesB . Batches of materials that must be confirmed as meeting quality standardsC . Revenue that is earned by an organization...
Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?
Which of the following statement is consistent with IIA guidance the use of mentoring for internal auditors?A . The member and the internal auditor should opt for informal meetings even if it means that no formal documentation will be created.B . The mentor relationship is usually not suitable for internal...
Which of the following would most appropriately be used for this purpose?
An internal auditor is assigned to validate calculations on the organization's building application As pad of the test the internal auditor is required to use an automated audit tool to simulate transactions for testing. Which of the following would most appropriately be used for this purpose?A . Generalized audit software.B...
Which of the following courses of action would have prevented this situation?
An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. Which of the following courses of action would have...
Which of the following statements describes an engagement planning best practice?
Which of the following statements describes an engagement planning best practice?A . It is best to determine planning activities on a case-by-case basis because they can vary widely from engagement to engagement.B . If the engagement subject matter is not unique, it is not necessary to outline specific testing procedures...
Which of the following statements about assurance maps is correct?
Which of the following statements about assurance maps is correct?A . An assurance map is used by the chief audit executive to coordinate assurance activities with other internal and external assurance providersB . An assurance map is a picture of all assurance engagements performed by the internal audit activity across...
A preliminary observation document contains more detail than tie observation description in the engagement workpapers
A preliminary observation document contains more detail than tie observation description in the engagement workpapersA . 1 and 2B . 1 and 4C . 2 and3D . 3 and 4View AnswerAnswer: C
