According to IIA guidance, which of the following strategies would be the least effective in helping a chief audit executive build a stronger relationship with the board?

• A.Consider formality and tone of communications to ensure they are appropriate.
• B.Minimize instances of ad hoc communications with board members.
• C.Consider the possible repercussions created by commentary on deficiencies.
• D.Avoid making presumptuous comments without sufficient facts.

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Which of the following conditions are necessary for successful change management?
1. Decisions and necessary actions are taken promptly.
2. The traditions of the organization are respected.
3. Changes result in improvement or reform.
4. Internal and external communications are controlled.

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

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The chief executive officer has requested that the chief audit executive (CAE) coordinate the establishment of an enterprise risk management (ERM) program for the organization. Which of the following would be the most appropriate action for the CAE?

• A.Decline the request as internal audit has limited knowledge and experience of risk at the enterprise level to undertake the assignment.
• B.Accept the request after consulting with the board and adhering to proper safeguards.
• C.Decline the request as this role compromises the CAE's objectivity.
• D.Accept the request as the role of coordinating ERM is a core function of internal audit.

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An internal auditor has been assigned to perform a quality audit on a manufacturing plant. Which course of action should the auditor perform first?

• A.Compare the planned outputs with the actual outputs.
• B.Ascertain the costs of materials purchased.
• C.Evaluate the plant's ability to meet production quotas.
• D.Review the levels of scrap and rework.

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An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?

• A.Manage and coordinate risk management processes.
• B.Audit risk management processes.
• C.Become involved in risk oversight committees, monitoring activities, and status reporting.
• D.Accept management's responsibility for risk management without board approval.

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