QUESTION: 37

Which of the following represents the most effective governance structure? Operating Executive Internal Management Management Auditing

I). Responsibility for risk Oversight role Advisory role
II). Oversight role Responsibility for risk Advisory role
III). Responsibility for risk Advisory role Oversight role
IV). Oversight role Advisory role Responsibility for risk

I.
II.
III.
IV.

Answer(s): A

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QUESTION: 38

The internal audit activity's role in the risk assessment and management processes of an organization is determined by the

Board of directors
Chief audit executive
Risk management department
External auditors

Answer(s): A

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QUESTION: 39

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

Review and adjudicate all complaints
Lead the committee responsible for the oversight of the code
Develop specific procedures to ensure that the code is clearly communicated to all employees
Participate in an advisory capacity on the committee that adjudicates any violations

Answer(s): D

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