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NEW QUESTION 44
An internal audit charter should do which of the following?

A. Define the scope of internal audit activities.B. Outline the schedule of future audits.C. Establish the size of the internal audit activity.D. Communicate the internal audit activity's goals.

Answer: A

 

NEW QUESTION 45
In addition to her internal audit activity responsibilities, the chief audit executive has been asked to oversee the organization's insurance function. Which of the following responses is most appropriate?

A. Promptly remove the organization's insurance function from the audit universe.B. Report the request to the board and recommend alternate processes to obtain assurance related to insurance activities.C. Revise the internal audit charter to include oversight of the insurance function, ensuring that all of her responsibilities are properly documented.D. Welcome the additional responsibility, as it represents an opportunity to gain more information for future audits.

Answer: C

 

NEW QUESTION 46
Which of the following is the best way to detect fraud?

A. Activate a whistleblower hotline.B. Implement process controls.C. Conduct anti-fraud training.D. Perform background investigations.

Answer: A

 

NEW QUESTION 47
Which of the following items related to the quality assurance and improvement program should the chief audit executive report to the board?

A. Internal auditors' training evaluation resultsB. Periodic management assessment resultsC. Annual risk assessment resultsD. Ongoing monitoring results

Answer: C

 

NEW QUESTION 48
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