A.An employee in charge of payroll disbursements has rotated these duties with several colleagues.

B.An employee with significant personal debt is in charge of handling large wire transfers for the organization.

C.A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.

D.An organization lacks a whistleblower hotline for reporting suspicious activity.

A.Implement a hedging strategy.

B.Insist that customers only pay in a stable currency.

C.Maintain a large foreign currency balance.

D.Hire a risk consultant.

A.Which sampling methodology to select for testing.

B.Whether an individual expenditure is allowable.

C.What level of noncompliance is acceptable.

D.Which fields to examine on each invoice.

A.There is no expertise within the internal audit team for auditing an IT engagement.

B.The CAE would need to procure external services to deliver the internal audit assurance program.

C.There is no expertise within the internal audit team for detecting and investigating fraud.

D.There is no available expertise on the internal audit team to perform a consulting engagement.

A.They serve as a reminder of what controls should exist in a process.

B.They do not capture all controls that may exist.

C.They are useful in assessing risk.

D.They require yes/no responses to specific questions, not open-ended responses.