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Q: 11
A manufacturing organization's chief audit executive (CAE) was approached by the head of security from one of the manufacturer's third party suppliers The head of security requested internal audit records from a recent audit engagement involving the third-party supplier The head of security believed those records contained information that would enable to identify employees of the third- party supplier who may be involved m fraudulent activities What is the most appropriate course of action for the CAE?
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Q: 12
An organization has limited resources to spend on corporate social responsibility initiatives. Which is the most suitable approach to determine how these resources should be used?
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Q: 13
Which of the following is the primary benefit of establishing a formal training program for the internal audit activity?
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Q: 14
Which of the following best describes a consulting engagement rather an assurance engagement?
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Q: 15
According to The IIA's Competency Framework, which competency is considered the mandatory minimum for internal auditors to possess when performing internal audit engagements?
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Q: 16
An electric company hires several independent contractors to trim trees that are in close proximity to electricity lines. Which of the following would be the most effective control to mitigate the risk of contractors submitting fraudulent invoices regarding work completed?
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Q: 17
The principle that "no action should be taken that may harm in some way the least fortunate people" is an expression of which of the following more general ethical principles?
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Q: 18
Which of the following statements represents the most appropriate correlation between an organization's risk maturity and the internal audit activity’s consulting role in risk management processes?
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Q: 19
Management assessed the organization’s risk of expanding operations into a new, but volatile, region and began looking for a compatible local partner to manage sales and distribution. Which of the following best describes this risk management technique?
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Q: 20
A chief audit executive ensures that the internal audit activity provides annual training to management on internal controls. Where is the nature of these services defined?
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Question 11 of 20 · Page 2 / 2

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