Question: 1
Which of the following is true regarding appropriate responses to an offense detected by an organization's compliance program?
i. Disciplinary action taken against those engaged in misconduct is an appropriate response.
ii. Self-reporting the violation to the government is an appropriate response.
iii. Acceptance of responsibility for the violation is an appropriate response.
IV. An appropriate response can lower the amount of an organization's court fines.
Question: 2
What is the role of a chief audit executive (CAE) with regard to an inspection by a regulator?
Question: 3
A manufacturing organization uses hazardous materials in production of its products. An audit of these hazardous materials may include
i. Recommending an environmental management system as a part of policies and procedures.
ii. Verifying the existence of "cradle to grave" (creation to destruction) tracking records for these materials.
iii. Using consultants to avoid self-incrimination of the firm in the event illegalities were detected in an environmental audit.
IV. Evaluating the cost provided for in an environmental liability accrual account.
Question: 4
An organization is considering purchasing a commercial property. Because of the location of the property and the known recent history of activities on the property, management has asked the internal audit activity, in cooperation with legal counsel, to provide a preliminary identification of any environmental liability. The strongest reason supporting management's decision to request such an investigation is
Question: 5
Internal auditors are increasingly called on to perform audits related to an organization's environmental stewardship. Which of the following does not describe the objectives of a type of environmental audit?
