A chief audit executive (CAE) believes that senior management has accepted a level of residual risk that is unacceptable to the organization. According to the Standards, the CAE must first discuss the matter with the organization's
Answer(s): A
A chief audit executive (CAE) has learned that a system currently being installed in the CAE's organization is identical to one that suffered a catastrophic failure in another organization. The CAE should
Answer(s): D
Assessments of the independence of an organization's external auditors shouldI). Be carried out only when the external auditor is appointed.II). Be carried out when the external auditor is appointed and regularly thereafter.III). Not include any participation by the internal audit activity.IV). Include participation by the internal audit activity.
Which of the following is the most important limitation on the effectiveness of audit committees?
Post your Comments and Discuss IIA CIA exam with other Community members:
jalal ali Commented on February 25, 2025 What factors should be considered when evaluating the independence of the internal audit activity by a peer review team? Anonymous
Joseph Zormelo Commented on January 12, 2025 Q21 is A. To maximize value, an enterprise-wide risk assessment should focus on enterprise-level risks, as these pose the greatest threat or opportunity to the organization's overall success. Anonymous
koussenoudo roger Commented on January 10, 2025 très bonne plateforme Anonymous
MAX Commented on December 21, 2024 Q114 Should be D Anonymous