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

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According to IIA guidance, which of the following activities is most likely to enhance stakeholders' perception of the value the internal audit activity (IAA) adds to the organization?
1. The IAA uses computer-assisted audit techniques and IT applications.
2. The IAA uses a consistent risk-based approach in both its planning and engagement execution.
3. The IAA demonstrates the ability to build strong and constructive relationships with audit clients.
4. The IAA frequently is involved in various project teams and task forces in an advisory capacity.

• A.1 and 2
• B.2 and 4
• C.3 and 4
• D.1 and 3

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Which of the following statements is true regarding internal auditors and other assurance providers?

• A.hours Internal auditors can rely on the work of other assurance providers only rf the other assurance providers report directly to the board
• B.Internal auditors should always reperform and validate audit work completed by external assurance providers
• C.Assurance providers who report to management and/or are part of management cannot provide control serf-assessments services
• D.Internal auditors may rely on the work of internal compliance teams to expand their coverage of the organization without increasing direct audit

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Which of the following would be an appropriate role of the internal audit function?

• A.Determine the consequences for ethics violations.
• B.Be responsible for the management of a whistle blowing hotline.
• C.Establish the ethics policies for the organization.
• D.Evaluate the effectiveness of the organization's ethics-related activities.

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Which of the following statements about internal audit's follow-up process is true?

• A.The actions of external auditors and other external assurance providers is not encompassed by internal audit's follow-up process.
• B.Internal auditors have responsibility for determining if management and the board have implemented the recommended action or otherwise accepted the risk.
• C.The follow-up process must be complete and documented in the working papers in order to conclude the engagement.
• D.The nature, timing, and extent of follow-up for assurance engagements is standardized to ensure quality performance.

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