Question 51
Which of the following fundamental principles of The IIA's Code of Ethics is best described as performing work honestly diligently and responsibly?
Question 52
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.
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 53
Which of the following activities would an internal auditor perform as a consulting engagement for an organization?
Question 54
If an engagement client's operating standards are vague and thus subject to interpretation, the auditor should:
Question 55
Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?
