Question: 1
When determining if appropriate resources exist to achieve engagement objectives, which of the following factors should a chief audit executive consider?
1. Nature and complexity of the audit engagement.
2. Time constraints.
3. Effectiveness of the audit committee.
4. Availability of resources for the engagement.
Question: 2
Which of the following is true regarding roles and responsibilities in risk management processes?
Question: 3
Which of the following is not a reason for an internal auditor to prepare an audit plan before the detailed audit work begins?
Question: 4
Which of the following would be included in an internal audit department's quality assurance and improvement program?
1. Ongoing internal assessments of the performance of the internal audit department.
2. Periodic internal reviews through self-assessments.
3. Assessments conducted by a qualified external reviewer at least once every five years.
Question: 5
When establishing the internal audit activity's annual plan, which of the following would be the best source of potential audit engagement topics?
