Question: 1
According to the International Professional Practices Framework, which of the following should be excluded from a final communication for a performance audit engagement?
Question: 2
Which of the following would be an appropriate role of the internal audit function?
Question: 3
Which of the following is a preventive control strategy against fraud?
Question: 4
Due to the expanded role of internal audit in the organization, the chief audit executive (CAE) of a construction company decides to employ the services of an outsourced audit service provider to augment the internal audit staff. What does the CAE need to consider in determining whether the outsourced audit service provider possesses the necessary knowledge, skills and other competencies to perform an audit engagement?
Question: 5
Which of the following are key characteristics of enterprise risk management?
1. It considers risk in the formulation of strategy.
2. It applies risk management in some units of an entity.
3. It takes a portfolio view of risks throughout the enterprise.
4. It restricts the organization's ability to seize opportunities inherent in future events.
