An organization's external auditor has prepared a list of risks and issues and has recommended to senior management that the internal audit activity focus on these items. Senior management has forwarded the list to the chief audit executive (CAE). The CAE should:
Which of the following factors should be considered when determining the appropriate combination of manual techniques and computer-assisted audit techniques (CAATs) to be used during an audit?
Acceptance of CAATs findings by entity management.
Computer knowledge and expertise of the auditor.
Time constraints.
Level of audit risk.
Which of the following is the best example of an ongoing independent monitoring activity'?
Which of the following is the responsibility of an internal auditor?
1. Assist operating management in implementing audit recommendations.
2. Provide management with value-added analysis to improve operations.
3. Become an advocate for changes to the internal audit activity charter.
4. Disclose non-financial risks that may be identified during the course of an engagement.
