According to IIA guidance, which of the following statements about working papers is false?

• A.They assist in the implementation of recommendations.
• B.They contribute to development of the internal audit staff.
• C.They demonstrate compliance with auditing standards.
• D.They provide support for communication to third parties.

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If observed during fieldwork by an internal auditor, which of the following activities is least important to communicate formally to the chief audit executive?

• A.Acts that may endanger the health or safety of individuals.
• B.Acts that conceal inappropriate activities in the organization.
• C.Acts that favor one party to the detriment of another.
• D.Acts that damage or have an adverse effect on the environment.

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Which of the following would provide the most relevant assurance that the application under development will provide maximum value to the organization?

• A.End-user involvement.
• B.Adequate software documentation.
• C.Formalized non-regression testing phase.
• D.Use of a formal systems development lifecycle.

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An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization's investments. Which of the following is the most appropriate course of action regarding the auditor's use of this functionality?

• A.The auditor should review the programming of the macro before its use to ensure that it is appropriate for the required calculations.
• B.The auditor should perform a manual recalculation of several results to validate and document the results.
• C.The auditor should tabulate the results in the spreadsheet to ensure the macro has generated the correct results for all calculations.
• D.The auditor should accept the calculations generated by the function, as any further work or documentation would be inefficient.

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According to IIA guidance, which of the following would not be a consideration for the internal audit activity (IAA) when determining the need to follow-up on recommendations?

• A.Complexity of the corrective action.
• B.Impact that may result should the corrective action fail.
• C.Degree of effort and cost needed to correct the reported condition.
• D.Amount of resources required to conduct the follow-up activities.

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