According to the International Professional Practices Framework, internal auditors should possess which of the following competencies? I. Proficiency in applying internal auditing standards, procedures, and techniques. II. Proficiency in accounting principles and techniques. III. An understanding of management principles. IV. An understanding of the fundamentals of economics, commercial law, taxation, finance, and quantitative methods.

An organization is in the process of hiring a new chief audit executive (CAE). Which of the following can the potential candidates expect to be a part of the recruiting process or in place when the CAE is hired?

A high-volume retailer of consumer goods has used point-of-sale data to record sales and update inventory records for several years. When price changes are scheduled, corporate headquarters downloads a price change file to a computer server system at each store. Each store's assistant manager is responsible for checking the server for downloads and running the program that updates the store's price file at the authorized price update time. In comparison with having headquarters initiate the price update cen

An internal auditor is reviewing a new automated human resources system. The system contains a table of pay rates which are matched to the employee job classifications. The best control to ensure that the table is updated correctly for only valid pay changes would be to:

Human resources and payroll are separate departments. Which of the following combinations would provide the best segregation of duties?

Which of the following is not an appropriate role for internal auditors after a disaster occurs?

Which of the following is an appropriate role for the board in governance?

Which of the following actions does a competency assessment tool help the chief audit executive perform?

According to IIA guidance, which of the following activities are considered a core internal audit role with regard to enterprise risk management? Reviewing the management of key risks. Evaluating the reporting of key risks. Evaluating risk management processes. Consolidating the reporting of risks.

Which of the following factors affects the control risk of a company?

According to the International Professional Practices Framework, which of the following is the appropriate division of responsibilities for the coordination of internal and external audit efforts? I. Oversight of Work - Coordination of Activities - Chief audit executive - Senior management - II. Board - Chief audit executive - III. Chief financial officer - Chief audit executive - IV. Board - Chief financial officer -

Which of the following would most likely represent an objectivity impairment for an internal auditor?

A senior Internal auditor was hired Into a large Internal audit activity It was agreed upon hiring that the auditor would pursue professional development that would support her ability to take on the role of the head of Internal audit, Which of the following skills best supports this development goal?

The top three sales representatives for a company consistently include non-allowable charges on their expense reports. Line management is reluctant to deny reimbursement of the charges for fear of losing the sales representatives. This situation has the greatest negative impact on which of the following internal control components?

According to the Standards, the organizational status of the internal audit activity: