According to IIA guidance, the results of a formal quality assessment should be reported to which of the following groups?

According to the Standards, which of the following must an internal auditor take into consideration when performing an assurance engagement of treasury operations?
I.The audit committee has requested assurance of the treasury department's compliance with a new policy on the use of financial instruments.
II.
Treasury management has not instituted any risk management policies.
III.
Due to the recent sale of a division, the amount of cash and marketable securities managed by the treasury department has increased by 350 percent.
IV.
The external auditors have indicated some difficulties in obtaining account confirmations.

In which of the following ways can a whistleblower hotline serve as a prevent

When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?
Subsequent change orders increase requirements for low-bid items.
Material contract requirements are different on the actual contract than on the request for bids.
A high percentage of employees are charged to indirect accounts.
Losing bidders are hired as subcontractors.

An internal auditor is using mean-per-unit sampling to estimate the value of health benefit claims for a period. The auditor's desired precision is $20,000. If the achieved precision is $10,000,which of the following conditions is implied?