The audit committee of a global corporation has mandated a change in the organization's business ethics policy. Which of the following approaches describes the best way to accomplish the policy's diffusion worldwide?

• A.Consult with legal and operational management in each affected country to ensure the final version can be implemented globally, following audit committee approval.
• B.Send the board-approved version of the policy to each country's senior leadership, and empower them to tailor the policy to the local language and culture.
• C.Introduce the policy region by region, using any lessons learned to change the subsequent version of the policy for the next area.
• D.Deploy the policy in the corporate headquarters' language, so everyone gets an unfiltered version simultaneously.

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A chief audit executive (CAE) received a detailed internal report of senior management's internal control assessment. Which of the following subsequent actions by the CAE would provide the greatest assurance over management's assertions?

• A.Determine whether management's operating style and the philosophy described in the report reflect the effective functioning of internal controls.
• B.Assess whether senior management adequately supports and promotes the internal control culture described in the report.
• C.Evaluate the completeness of the report and management's responses to identified deficiencies.
• D.Assert whether the described and reported control processes and systems exist.

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According to IIA guidance, which of the following is not a responsibility of the chief audit executive pertaining to documenting information to support internal audit engagement results and conclusions?

• A.Developing retention requirements for engagement records that are consistent with organizational guidelines.
• B.Forming policies governing the custody and retention of consulting engagement records before their release to other parties.
• C.Rating each engagement record to assess its relevance and accessibility for the organization's board.
• D.Controlling access to engagement records, including access by senior management.

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According to IIA guidance, which of the following statements is true when an internal auditor performs consulting services that improve an organization's operations?

• A.The services must not be performed by the same internal auditor who performed assurance services, in order to maintain objectivity.
• B.The services must be aligned with those defined in the internal audit charter.
• C.The services impose no responsibility to communicate information other than to the engagement client.
• D.The services may preclude assurance services from the consulting engagement.

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The chief audit executive (CAE) of a small internal audit activity (IAA) performs all high-risk engagements on the annual audit plan to make use of his knowledge and experience and to maximize the efficient use of audit resources. Which of the following statements is most relevant regarding this practice?

• A.The CAE may self-review his work, provided he discloses this practice in the final report.
• B.The CAE's work may be reviewed by any other experienced staff member within the IAA.
• C.The CAE should avoid performing engagements to ensure he is able to review all audit work objectively.
• D.The CAE's work should be reviewed by an individual with the appropriate background and knowledge.

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