Question 111

The primary reason that a chief audit executive (CAE) reviews external audit management letters and management response is to:
  • Question 112

    How should management obtain assurance that employees are complying with the organization's security policy?
  • Question 113

    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.
  • Question 114

    The internal audit activity's role in the risk assessment and management processes of an organization is determined by the:
  • Question 115

    The chief audit executive (CAE) of a small internal audit activity (IAA) performs all high-risk engagements on the annual audit plan to make use of his knowledge and experience and to maximize the efficient use of audit resources. Which of the following statements is most relevant regarding this practice?