The chief audit executive of a medium-sized financial institution is evaluating the staffing model of the internal audit activity (IAA). According to IIA guidance, which of the following are the most appropriate strategies to maximize the value of the current IAA resources? · The annual audit plan should include audits that are consistent with the skills of the IAA. · Audits of high-risk areas of the organization should be conducted by internal audit staff. · External resources may be hired to provide subject-matter expertise but should be supervised. · Auditors should develop their skills by being assigned to complex audits for learning opportunities.
Answer(s): D
It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for approval. According to IIA guidance, which of the following items should be submitted only to the CEO?
An internal control questionnaire would be most appropriate in which of the following situations?
Answer(s): B
According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?
An internal auditor has been assigned to facilitate a risk and control self-assessment for the finance group. Which of the following is the most appropriate role that she should assume when facilitating the workshop?
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