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NEW QUESTION 38
Which of the following is an activity that an internal auditor must not perform?

A. Survey employees for their understanding of anti-money laundering practices.B. Assess the risk of being fined for ineffective anti-money laundering practices.C. Establish and provide continuing assurance on an anti-money laundering program for new hires.D. Provide assurance for the effectiveness of anti-money laundering training.

Answer: C

 

NEW QUESTION 39
When developing the organization's first risk universe, which of the following would the chief audit executive be least likely to consider?

A. The exposure to risks following management's risk responses.B. The boundaries established to manage the amount of risk taken.C. The extent and degree of interdependency for identified key risks.D. The amount of risk that an organization is willing to seek or accept.

Answer: A

 

NEW QUESTION 40
According to IIA guidance, which of the following statements about working papers is false?

A. They provide support for communication to third parties.B. They contribute to development of the internal audit staff.C. They assist in the implementation of recommendations.D. They demonstrate compliance with auditing standards.

Answer: C

 

NEW QUESTION 41
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