A. Have the auditor formerly with the collections unit assist with planning and documenting the audit field work.

B. Have the auditor formerly with the collections unit not participate on the audit team.

C. Have the auditor formerly with the collections unit conduct the fieldwork and ensure it is reviewed by the CAE.

D. Have the auditor formerly with the collections unit review all fieldwork done to ensure that there was adequate coverage.

A. The auditor does not perform services in a particular area when he lacks skills in that area.

B. The auditor does not accept anything that may impair or be presumed to impair his professional judgment.

C. The auditor is prudent in the use and protection of information acquired in the course of his work.

D. The auditor performs work with honesty, diligence, and responsibility.

A. Accounting personnel should conduct a periodic inventory count and reconcile all inventory movements.

B. Accounting personnel should regularly perform a reconciliation between invoices and purchase orders.

C. Internal auditors should review the frequency and volume of purchased assets to detect trends in the inventory levels.

D. Management should establish a policy requiring new inventory asset purchases to be made on serialized order forms with copies retained.

A. The utilitarian approaching deciding on ethical dilemmas is concerned with choosing the simplest solution that will apply to the most people

B. Ethics are not defined by laws but they are not a matter of free choice ethics are based on standards of conduct derived from shared principles and values

C. The individualism approach to ethical decision making is focused on implementing a customized long- term outcome that is most beneficial for the entire organization

D. A moral agent in an organization makes decisions that are based on the rules and regulations of the organization as they apply to human resources decisions

A. The auditor decided not to notify her supervisor that her brother-in-law was responsible for the project the auditor was expected to evaluate.

B. The auditor intentionally omitted from his resume that he was fired from his previous job for fraud allegations,

C. The auditor asked the audit client to copy requested files to her personal unencrypted memory stick because it was faster and more convenient.

D. The auditor was assigned to analyze the organization ' s incentive program and spent long hours reviewing other employees' bonuses,

A. Risk management is a core responsibility of the internal audit activity

B. The risk management function has the sole responsibility for identifying and managing risks in all departments

C. The internal audit activity should consider the organization's maturity, structure, and the competitive environment to establish the organization's risk appetite

D. The internal audit activity may use a risk management or control framework to assist in risk identification

A. Transfer.

B. Acceptance

C. Mitigation.

D. Avoidance

A. Internal auditors may not disclose personal data of the audit client

B. The chief audit executive reports directly to the board

C. Internal auditors must observe the law and make required disclosures

D. Internal auditors may not accept gifts from management of the area under review

A. Management should established a policy requiring new inventory asset purchases to be made on serialized order forms with copies retained

B. internal auditors should review Vie frequency and volume of purchased assets to detect trends in the inventory levels

C. Accounting personnel should conduct a periodic inventory count and reconcile inventory movements

D. Accounting personnel should regularly perform reconciliation between invoices and purchase orders

A. Assisting the organization in maintaining effective controls.

B. Ensuring the organization ' s key risks are managed through appropriate controls.

C. implementing new controls to promote continuous improvement

D. Validating control assessments performed by the external auditor.

A. An overall commitment of the organization to improve the quality of life for not only the employees but the community at large.

B. A policy of ensuring that the organization is socially responsible, even if it leads to unprofitability due to increased costs.

C. An organizational locus on improving the overall environment, even it is to the detriment of the local community.

D. A philosophy driven by employees that flows up to senior management and the board of directors.

A. An assessment of performance management practices and establishment of key performance indicators

B. An assessment of compliance of individual data protection procedures with data protection regulations

C. An assessment of the effectiveness of back-up procedures and execution of business recovery plans

D. An assessment of profit and loss generated by financial assets and instruments in the past quarter

A. Involve board members in hiring activities and request advice.

B. Require all internal audit staff to complete the same training course on a general audit subject,

C. Require senior auditors to obtain a professional certification.

D. Provide a competency assessment of the internal audit staff.