When using cost-volume-profit analysts which of the following will increase operating income once the break-even point has been reached?

• A.Gross margin per unit for each additional unit sold
• B.Fixed costs per unit for each additional unit sold
• C.Contribution margin per unit for each additional unit sold
• D.Variable costs per unit for each additional unit sold

Comment: *

Name: *

Email: *

Verification: *

The chief audit executive hired a consultant to update the internal audit function's methodologies. Which of the following would best ensure that the internal audit function will adhere to the updated methodologies?

• A.Placing the updated methodologies in an easily accessible location for reference
• B.Requiring a signed acknowledgment that each auditor will comply with the updated methodologies
• C.Preparing a recorded training that reviews the updated methodologies
• D.Sharing a one-page summary of the updated methodologies during an internal audit function meeting

Comment: *

Name: *

Email: *

Verification: *

To achieve conformance with the Global Internal Audit Standards, the chief audit executive must include which of the following activities in the quality assurance and improvement program (QAIP)?

• A.Require board oversight of the QAIP
• B.Assess Standards conformance for each individual assurance engagement
• C.Conduct a self-assessment at least once every five years
• D.Report the results of the QAIP to the board

Comment: *

Name: *

Email: *

Verification: *