Question 36

According to IIA guidance, which of the following are appropriate actions for the chief audit executive regarding management's response to audit recommendations?
  • Question 37

    The chief audit executive (CAE) of a large retail operation believes that senior management has accepted a level of risk that exceeds the organization's current risk tolerance with respect to a major expansion. The CAE plans to meet with senior management to discuss these concerns. According to IIA guidance, which of the following would be an appropriate course of action in preparation for this meeting?
    * Understand management's basis for the decision.
    * Advise the board of the concern and upcoming meeting.
    * Ascertain which members of management have accepted the risk.
    * Determine if management has the authority to accept the risk.
  • Question 38

    With which of the following would the internal audit activity discuss findings, conclusions and recommendations prior to issuance of internal audit report?
    1.Business unit management.
    2.Chief audit executive.
    3.Audit committee.
    4.Chief executive officer.
  • Question 39

    Which sampling plan requires no additional sampling once the first error is found?
  • Question 40

    Information gathered in a forensic investigation of business fraud is usually gathered with which of the following standards in mind?