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IIA Essentials of Internal Auditing Sample Questions (Q555-Q560):NEW QUESTION # 555
The internal audit activity's role in the risk assessment and management processes of an organization is determined by the:
Answer: C
NEW QUESTION # 556
Which of the following statements is not true about red flags?
Answer: B
Explanation:
Section: Volume D
Explanation/Reference:
NEW QUESTION # 557
Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?
Answer: C
NEW QUESTION # 558
Which of the following data collection strategies systematically tests the effects of various factors on an outcome?
Answer: A
Explanation:
Section: Volume C
NEW QUESTION # 559
Which of the following statements is true regarding the disclosure of results of the quality assurance and improvement program?
Answer: B
Explanation:
Standards if it discloses a remediation plan, including timeline with subsequent validation.
NEW QUESTION # 560
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