While attending a conference,an internal auditor won an all-expense paid trip sponsored by a vendor of the internal auditor's organization.
Which of the following actions are most appropriate for the auditor to take?

• A.Consult with an immediate supervisor and notify the organization's audit committee.
• B.Consult with an immediate supervisor and review the organization's ethics policy.
• C.Give the prize to a friend or family member and review the organization's ethics policy.
• D.Give the prize to a friend or family member and notitfy the organization's audit committee.

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According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

• A.It is required to demonstrate that effective engagement supervision has occurred.
• B.It increases the likelihood of obtaining the audit client's agreement with the results.
• C.It helps ensure that appropriate professional judgments and conclusions are made.
• D.It ensures that an appropriate chain of evidence is maintained through the workpapers.

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Which of the following internal controls is likely to prevent pollution from waste disposal before it occurs, rather than detect it after it occurs?

• A.Identification of large budget variances in disposal costs for hazardous chemicals.
• B.Samples of water and solid waste taken daily with the results recorded in a log.
• C.Formal on-the-job training program conducted by the environmental staff.
• D.Restricted access to environmental department files.

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Which of the following would mostlikelybe considered a red flag for fraud?

• A.An organization lacks a whistleblower hotline for reporting suspicious activity.
• B.An employee with significant personal debt is in charge of handling large wire transfers for the organization.
• C.A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.
• D.An employee in charge of payroll disbursements has rotated these duties with several colleagues.

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Which of the following is most likely to function as a directive control?

• A.Insurance claims.
• B.Cycle counts.
• C.Security dogs.
• D.Alert employees.

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