A fast-food company is developing a computer simul-ation involving arrival time at a drive-through restaurant.
The distribution for arrival times is:
Time
Single-Digit Random
Between Arrivals
Probability
Number Assigned
1 minute
0.1
0
2 minutes
0.2
1, 2
3 minutes
0.3
3, 4, 5
4 minutes
0.4
6, 7, 8, 9
Six random numbers are selected to represent the arrival of six cars: 1, 6, 9, 0, 5, 6. The mean time between arrivals for these cars, in this run of the simul-ation model, is:

Due to the expanded role of internal audit in the organization, the chief audit executive (CAE) of a construction company decides to employ the services of an outsourced audit service provider to augment the internal audit staff. What does the CAE need to consider in determining whether the outsourced audit service provider possesses the necessary knowledge, skills and other competencies to perform an audit engagement?

The internal audit activity of an organization obtained approval to add a senior auditor to its staff. The chief audit executive, audit manager, and audit supervisor each will interview the candidates. According to the Standards, which of the following best explains the involvement of management in the interview process?

When interviewing an individual in relation to a fraud investigation, which course of action should the internal auditor follow?

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.