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| Section | Objectives |
|---|---|
| Topic 1: Foundations of Internal Auditing | - Ethics and professional standards - Internal audit definition and purpose |
| Topic 2: Internal Audit Process | - Reporting and communication - Follow-up and monitoring - Audit planning and scoping - Fieldwork and evidence collection |
| Topic 3: Governance, Risk, and Control | - Risk management concepts - Governance principles - Internal control frameworks |
| Topic 4: Audit Tools and Techniques | - Data analysis techniques - Sampling methods |
An internal auditor is planning a business continuity audit engagement at a remote manufacturing plant. During planning interviews, the plant manager stated that the local Environmental, Health, and Safety (EHS) Department, which reports to the plant manager, had completed a similar review six months ago. The EHS review did not find any significant weaknesses. How should the internal auditor consider the EHS review results in the current audit engagement planning?
Correct Answer: B 🗳️
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A senior internal auditor is using a risk and control matrix to facilitate an internal control assessment of the fixed asset accounting process. Which of the following activities would aid the auditor in determining inputs for the risk and control matrix?
Correct Answer: C 🗳️
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Internal and external benchmarking by the internal audit activity are examples of which of the following?
Correct Answer: B 🗳️
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Which of the following is a common computer-assisted audit tool used to analyze data?
Correct Answer: A 🗳️
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To be organizationally independent, the chief audit executive should administratively report to which of the following?
Correct Answer: A 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
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