Question 46

According to the Standards, which of the following is not a responsibility of the audit committee?
  • Question 47

    According to IIA guidance, which of the following statements is true regarding the reporting of results from a quality assurance and improvement program review of the internal audit activity?
  • Question 48

    According to IIA guidance, which of the following is the best example of a system application control?
  • Question 49

    Which of the following actions by a chief audit executive is most likely to prevent exaggerated sales reports by division management?
    I. Hire a new internal auditor who has fraud investigation credentials.
    II. Assist the controller in developing and monitoring a series of business process indicators which are historically correlated with, but independent of, sales.
    III. Announce a series of internal audit engagements focusing on compliance with corporate sales- reporting policies.
    IV. Ask the president and the board to issue a statement of corporate policy stressing the importance of accurate management reporting and the negative consequences of intentional misreporting.
  • Question 50

    Which of the following would not be a factor for senior management to consider when determining the internal audit activity's role in an organization's risk management process?