Which of the following is the most common method management can use to manage risk within its risk appetite?

Answer(s): A

Which of the following is an effective way for an internal auditor to improve communications with the client during a contentious audit?

Encourage the client to participate as a partner in the decision-making process to determine the changes that need to be made.
Clearly explain to the client the role of the internal audit activity in the change process.
Obtain the support of the board of directors for proposed changes before discussing the changes with operating management.
Speak privately with key client personnel immediately after proposed changes are announced to address their concerns.

Answer(s): A

The chief audit executive's responsibility regarding control processes includes:

Assisting senior management and the audit committee in the development of an annual assessment about internal control.
Overseeing the establishment of internal control processes.
Maintaining the organization's governance processes.
Ensuring that the internal audit activity assesses all control processes annually.

Answer(s): A

Inadequate risk assessment would have the strongest negative impact in which of the following phases of an audit engagement?

Answer(s): A

Free IIA-CIA-Part2 Exam Braindumps (page: 59)