IIA-Certified Internal Auditor - Part 2, Conducting the Internal Audit Engagement Set 11

The chief audit executive (CAE) of a large retail operation believes that senior management has accepted a level of risk that exceeds the organization's current risk tolerance with respect to a major expansion. The CAE plans to meet with senior management to discuss these concerns. According to IIA guidance, which of the following would be an appropriate course of action in preparation for this meeting?

During the quarterly review of the internal audit activity's performance, the chief audit executive (CAE) notes that actual engagement hours consistently exceed the budget. Which of the following strategies would most likely help the CAE address this problem?

According to IIA guidance, which of the following actions might place the independence of the internal audit
function in jeopardy?

According to IIA guidance, which of the following would not be a consideration for the internal audit activity (IAA) when determining the need to follow-up on recommendations?

Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?

Which of the following is a detective control for managing the risk of fraud?

Which of the following is a justifiable reason for omitting advance client notice when planning an audit engagement?

According to IIA guidance, organizations have the most influence on which element of fraud?

The external auditor has identified a number of production process control deficiencies involving several departments. As a result, senior management has asked the internal audit activity to complete internal control training for all related staff. According to IIA guidance, which of the following would be the most
appropriate course of action for the chief audit executive to follow?

Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?