When approving the final engagement report, which of the following is most critical?

Which of the following factors should a chief audit executive consider when determining the audit universe?
1. Components of the organization's strategic plan.
2. Inputs from senior management and the board.
3. Views of competitors and business associates.
4. Results of exit interviews with departing employees.

According to the Standards, which of the following would have the least direct interest in the draft report of a compliance review of the purchasing function?

An auditor is performing a review of a complex process to identify opportunities to increase efficiency. What is the most practical way to document the process to identify areas of inefficiency?

---
Which of the following would be included in an internal audit department's quality assurance and improvement program?
Ongoing internal assessments of the performance of the internal audit department.
Periodic internal reviews through self-assessments.
Assessments conducted by a qualified external reviewer at least once every five
years.