Question: 1
Which of the following types of internal audit consulting engagements is an example of a facilitation service?
i. Conducting control self assessment workshops.
ii. Participating on standing committees.
iii. Reviewing regulatory compliance.
IV. Benchmarking.
V . Estimating savings from outsourcing processes.
Question: 2
When conducting audit followup of a finding related to cash management routines, an internal auditor would expect to find that all of the following changes have occurred except
Question: 3
The internal audit activity's responsibility to follow up on reported audit findings should be defined in the
Question: 4
The most common motivation for management fraud is the existence of
Question: 5
An auditor selected a random sample of 100 items from a population of 2,000 items. The total dollars in the sample were $10,000, and the standard deviation was $10. If the achieved precision based on this sample was plus or minus $4,000, the minimum acceptable value of the population would be
