Which of the following documents is most appropriate in promoting the objectivity of the internal audit
activity?

Correct Answer:C

The chief audit executive (CAE) has assigned an internal auditor to an upcoming engagement. Which of the following requirements would most likely indicate that the internal auditor was assigned to an assurance engagement?

Correct Answer:A

According to IIA guidance, the results of a formal quality assessment should be reported to which of the following groups?

Correct Answer:A

Management is developing and implementing a risk and control framework for use throughout the organization. Which of the following elements should be included in the organization's control framework?
* 1. Appropriate levels of authority and responsibility.
* 2. Supervision of staff and appropriate review of work.
* 3. The seniority of management in the organization.
* 4. The ability to trace each transaction to an accountable and responsible individual.

Correct Answer:D

Click the Exhibit.

Internal auditors are asked to keep track of how many hours per day they spend planning the audit, conducting the engagement, and writing the audit report. The data for two days has been collected as follows:
Day 1
Day 2
Planning the audit 2 hours
3 hours
Conducting the engagement 1 hour
1 hour
Writing the audit report 2 hours
4 hours
Which of the following graphs depicts the data accurately?

Correct Answer:C

Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. Which of the following is the internal auditor's most appropriate next step?

Correct Answer:A