An internal auditor is preparing a draft observation based on her assessment of an accounts payable process. Which of the following is a process recommendation?
According to the COSO Enterprise Risk Management - Integrated Framework, which of the following statements is true regarding the role of risk appetite in an organization?
Feedback on engagements from audit clients, annual benchmarking of the internal audit activity's (IAA's) performance against best practice, and analyses of project budgets and audit plan completion are all tools that can best be used by the IAA for which purpose?
Which of the following factors should be considered when determining the appropriate combination of manual techniques and computer-assisted audit techniques(CAATs) to be used during an audit?1. Acceptance of CAATs findings by entity management.2. Computer knowledge and expertise of the auditor.3. Time constraints.4. Level of audit risk.
According to IIA guidance, which of the following statements is true regarding the reporting of results from a quality assurance and improvement program review of the internal audit activity?
According to the Standards, for how long should internal auditors who have previously performed or had management responsibility for an operation wait to become involved in future internal audit activity with that same operation?
