IIA IIA-CIA-Part1 Dumps Questions Answers

The quality assurance and improvement program identified several opportunities for the internal audit activity to make improvements.

In lieu of an external assessment, the internal audit activity performed a self-assessment with independent external validation.

During an internal quality assessment, it was identified that rotational auditors often perform consulting engagements for areas of the organization where they had previous responsibilities.

External assessments are performed every five years by a competent internal audit team from the organization ' s parent company.

The chief audit executive (CAE) reports functionally to the CEO.

The CAE ' s compensation is approved by the chief financial officer.

The CAE ' s appointment Is determined by the CEO

The CAE reports administratively to the chief operating officer.

The chief audit executive (CAE) must obtain competent advice and assistance if the internal audit activity lacks the knowledge, skills, or other competencies needed to complete the audit engagement

Internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization and should have the expertise of a fraud investigator

Internal auditors need to have basic knowledge of key IT risks and controls and available technology-based audit techniques in order to perform their assigned work

The CAE must refuse a consulting engagement if the internal audit activity lacks the knowledge, skills, or other competencies needed to perform all or part of the engagement