What role, if any, should the internal audit activity have in the process of following up on observations and recommendations made by the external auditors?

A chief audit executive (CAE) submits internal audit activity (IAA) plans and information about significant interim changes to senior management and the board for review. Which other piece of information should the CAE provide to senior management and the board?

Which of the following characteristics could indicate high risk?

Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

In order to exercise due professional care as defined in the International Professional Practices Framework, an internal auditor should:
I. Consider the probability of significant noncompliance in each audit engagement.
II. Perform assurance procedures with sufficient care to ensure that all risks are identified.
III. Weigh the cost of assurance against the benefits.