According to the Standards, which of the following is leastimportant in determining the adequacy of an annual audit plan?

Which of the following types of internal audit consulting engagements is an example of a facilitation service?
I. Conducting control self-assessment workshops.
II. Participating on standing committees.
III. Reviewing regulatory compliance.
IV.
Benchmarking.
V.Estimating savings from outsourcing processes.

To furnish useful and timely information and promote improvements in operations, internal auditors should provide:

An organization does not have a formal risk management function. According to the Standards, which of the following are conditions where the internal audit activity (IAA) may provide risk management consulting?
1. There is a clear strategy and timeline to migrate risk management responsibility back to management.
2. The IAA has the final approval on any risk management decisions.
3. The IAA does not give objective assurance on any part of the risk management framework for which it is responsible.
4. The nature of services provided to the organization is documented in the internal audit charter.

In addition to the internal auditor, which of the following parties should be present at an exit or closing conference?
1.Audit committee members.
2.The external auditor.
3.The management responsible for the areas covered by the engagement.
4.The chief executive officer.