An internal auditor is researching the laws and regulations related to a city's grant program. Which of the following procedures is least relevant to this task?

• A.Reviewing applicable grant agreements.
• B.Reviewing prior-year workpapers and asking officials if there have been any changes.
• C.Making inquiries of the audit committee about the nature of the grants.
• D.Discussing the matter with the city's chief financial officer, legal counsel, or grant administrators.

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CORRECT TEXT
A fast-food company is developing a computer simulation involving arrival time at a drive-through restaurant. The distribution for arrival times is:
Time Single-Digit Random
Between Arrivals Probability Number Assigned
2 minutes
0.1 0
3 minutes
0.2 1,2
4 minutes
0.3 3,4,5
5 minutes
0.4 6,7,8,9
Six random numbers are selected to represent the arrival of six cars: 1, 6, 9, 0, 5, 6. What is the mean time between arrivals in this run of the simulation model?

• A.4 minutes.
• B.2 minutes.
• C.5 minutes.
• D.3 minutes.

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The internal audit activity audited an organization's risk management function multiple times, and the recommendations that were made remain unaddressed by the head of risk management. Which of the following would be the next step for the internal audit activity?

• A.The chief audit executive (CAE) must discuss this matter with senior management and the board
• B.The CAE should determine which recommendations to implement based on the severity of the associated risks.
• C.The internal audit activity, led by the CAE. should assume responsibility for risk management function.
• D.The internal audit activity should add value by implementing the recommendations on management's behalf.

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During an audit of financial contracts, an internal auditor learns that a relative has a substantial loan with the organization. The auditor should:

• A.Exclude the relative's information from the audited work and proceed with the audit engagement.
• B.Proceed with the audit engagement but disclose in the engagement final communication that the relative is a customer.
• C.Immediately withdraw from the audit engagement.
• D.Notify management and the chief audit executive (CAE) and have the CAE determine whether the auditor should continue with the audit engagement.

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Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

• A.Internal audit delivery.
• B.Business acumen.
• C.Performance management.
• D.Governance,risk,and control.

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