An internal auditor would most likely judge an error in an account balance to be material if the error involves:

Which of the following processes or tools can be used as ongoing internal assessments of the performance of the internal audit activity?
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Analyses of audit plan completion and cost recoveries.
Selective peer reviews of work papers by staff involved in the respective audits.
Self-assessment of the internal audit activity with on-site validation by a qualified
independent reviewer.
Feedback from audit customers and stakeholders.

An organization has a policy requiring two signatures on all checks written for amounts in excess of $10, 000. When evaluating controls over disbursements, an auditor would conclude that a greater risk exists if.

An internal audit of warehouse inventory revealed no material deficiencies. However, management later discovered fraud, which occurred during the period that was audited, and determined that a major control deficiency allowed the fraud to occur. Given management's discovery, which of the following statements is valid?

A major corporation is considering significant organizational changes. Which of the following groups would not be responsible for implementing these changes?