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NEW QUESTION 31
What would a chief audit executive most likely recommend that an internal auditor do to prepare for an increased demand in advisory services?
Answer: D
NEW QUESTION 32
A member of the IT department transfers to the internal audit department. A few months after transferring, the new auditor volunteers to assist in an assurance engagement for the IT department. According to the Standards, how should the chief audit executive respond?
Answer: B
NEW QUESTION 33
Regarding an organization's decision to retain an external audit firm, the chief audit executive (CAE) should:
Answer: A
Explanation:
Section: Volume A
NEW QUESTION 34
Which the following activities should be performed by the internal audit activity to facilitate an effective relationship with the audit committee?
1. Periodically report about the accounting standards followed by the organization.
2. Provide assurance to the audit committee that its charter, activities, and processes are appropriate.
3. Ensure that the role and activities of the internal audit activity are clearly understood and responsive to the needs of the audit committee.
4. Maintain open and effective communications with the audit committee.
Answer: B
Explanation:
Section: Volume E
Explanation
NEW QUESTION 35
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