Which of the following is true of engagement recommendations?
I. Specific suggestions for implementation must be included.
II. The internal auditor's observations and conclusions may serve as the basis.
III. Actions to correct existing conditions or improve operations may be included.
IV. Approaches to correcting or enhancing performance may be suggested.

Which of the following should be the focus of the effect section of the preliminary observations document?

Which role is not considered a change agent when an organization wants to implement structural changes?

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Risk assessments can vary in format, but generally includE.
A description of identified risks.
Tests of audit controls.
A system of rating risks.
Sample size identification.

The chief audit executive of a medium-sized financial institution is evaluating the staffing model of the internal audit activity (IAA). According to IIA guidance, which of the following are the most appropriate strategies to maximize the value of the current IAA resources?
- The annual audit plan should include audits that are consistent with the skills of the IAA. - Audits of high-risk areas of the organization should be conducted by internal audit staff. - External resources may be hired to provide subject-matter expertise but should be supervised. - Auditors should develop their skills by being assigned to complex audits for learning opportunities.