Which of the following situations would justify the removal of a finding from the final audit report?
Answer(s): C
According to IIA guidance, which of the following activities is most likely to enhance stakeholders' perception of the value the internal audit activity (IAA) adds to the organization?1. The IAA uses computer-assisted audit techniques and IT applications.2. The IAA uses a consistent risk-based approach in both its planning and engagement execution.3. The IAA demonstrates the ability to build strong and constructive relationships with audit clients.4. The IAA frequently is involved in various project teams and task forces in an advisory capacity.
Answer(s): D
A chief audit executive is preparing interview questions for the upcoming recruitment of a senior internal auditor. According to IIA guidance, which of the following attributes shows a candidate's ability to probe further when reviewing incidents that have the appearance of misbehavior?
According to IIA guidance, which of the following procedures would be least effective in managing the risk of payroll fraud?
Answer(s): B
During an assurance engagement, an internal auditor discovered that a sales manager approved numerous sales contracts for values exceeding his authorization limit. The auditor reported the finding to the audit supervisor, noting that the sales manager had additional new contracts under negotiation. According to IIA guidance, which of the following would be the most appropriate next step?
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