Question 26
Which of the following is accomplished by the internal audit charter?
Question 27
Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook. Which of the following handbook policies has the greatest risk of compromising audit objectivity?
Question 28
During an interview with a data-entry clerk in the human resources department, an internal auditor recognizes a potentially significant weakness with a database system used to track employee performance ratings. Which of the following actions should the auditor take after discovering the weakness?
Question 29
According to the International Professional Practices Framework,internal auditors should
possess which of the following competencies?
I.Proficiency in applying internal auditing standards,procedures,and techniques.
II.Proficiency in accounting principles and techniques.
III.An understanding of management principles.
IV.An understanding of the fundamentals of economics,commercial
law,taxation,finance,and quantitative methods.
possess which of the following competencies?
I.Proficiency in applying internal auditing standards,procedures,and techniques.
II.Proficiency in accounting principles and techniques.
III.An understanding of management principles.
IV.An understanding of the fundamentals of economics,commercial
law,taxation,finance,and quantitative methods.
Question 30
During an audit engagement, an internal auditor finds that management is not complying with previous commitments made to the external auditors. However, the auditor determines management's actions to be justified due to significant changes in the business. The best course of action for the auditor to take would be to:
