Question 176

Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
  • Question 177

    Which of the following would be addressed in the internal audit charter?
  • Question 178

    Which of the following best describes a responsibility of the board of directors with regard to risk management throughout the organization?
  • Question 179

    At a conference, an interna! auditor presented a new computer-assisted audit technique developed by his organization. The presentation included sample data derived from performing audit engagements for the organization. Travel costs were paid by the conference organizers, and the trip was approved by the chief audit executive (CAE).
    However, neither management nor the CAE was aware that the internal auditor would be making a presentation based on work completed for the organization. According to IIA guidance, which of the following statements is most relevant regarding the actions of the auditor?
  • Question 180

    A whistleblower reveals to the chief audit executive (CAE) detailed allegations of potential fraud at the senior management level. Although the CAE has some experience in the area, she chooses to retain an external fraud expert to conduct the investigation. When asked by the director of finance to defend the expenditure, which of the following statements represents the CAE's best response?