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.
An organization's chief audit executive (CAE) has been asked to monitor and report on any violations of the organization's code of conduct. The CAE should:
To enhance the independence of both the internal and external audit functions, audit committees should be composed of:
A chief audit executive (CAE) for a specialty retailer is asked by management to review the controls in place to manage their electronic funds transfer process.The internal audit activity has no experience with similar engagements. What is the most appropriate course of action for the CAE to take?
Which segregation of duties would best reduce the risk of payroll fraud?
Which of the following statements is true regarding assurance services provided to clients outside of the organization?
