A senior manager asks the chief audit executive (CAE) to explain why statistical sampling is the best method to use in conducting an internal audit. Which advantages should the CAE point to in order to justify the internal audit activity's (IAA) use of statistical sampling?
Risk within an internal audit engagement is defined as the:
Using the internal audit department to coordinate regulatory examiners' efforts is beneficial to the organization because internal auditors can:
In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers’ accounts?
What information should the internal quality assessment of the internal audit activity communicate to the chief audit executive?
Which of the following factors related to a n organization's performance management system would not contribute to the organization's success?
In a well-developed management environment, the internal audit activity would.
According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?
Which of the following would provide the best guidance to a chief audit executive who is setting internal audit staff requirements?
Which of the following best describes the assessment of risks?