An internal auditor is using a spreadsheet application to review a cash flow forecast prepared by management.Which of the following correctly identifies the type of evidence this information represents?
What is the primary purpose of a risk management program?
An employee is more likely to commit fraud if which of the following red flags are present?1. The employee believes that he is being underpaid and deserves a higher salary.2. The employee is close to retirement and has expressed a desire to take an expensive trip around the world.3. The employee has personal financial problems and seems very unhappy.4. The employee is spending much more time at the office than usual and has been asking about opportunities for professional advancement.
According to the International Professional Practices Framework, a review team must express an opinion on which of the following when performing an external assessment of an internal audit activity?I. Conformance with the Standards and IIA Code of Ethics.II. Effectiveness of continuous improvement activities.III. Feedback from internal audit customers and other stakeholder groups.IV. Efficiency and effectiveness of the internal audit activity's administration processes.
Using the internal audit department to coordinate regulatory examiners' efforts is beneficial to the organization because internal auditors can:
An organization receives the most value from an internal audit activity's enterprise-wide risk assessment when the auditor:
