IIA IIA-ACCA Exam With Confidence Using Practice Dumps

Lower annual unit sales.

Higher fixed inventory ordering costs.

Higher annual carrying costs as a percentage of inventory value.

A higher purchase price per unit of inventory.

Observe corrective measures.

Seek a management assurance declaration.

Follow up during the next scheduled audit.

Conduct appropriate testing to verify management responses.

If an organization does not have a mature privacy framework, the internal audit activity should assist in developing and implementing an appropriate privacy framework.

Because the audit committee is ultimately responsible for ensuring that appropriate control processes are in place to mitigate risks associated with personal information, the internal audit activity is C. required to conduct privacy assessments.

The internal audit activity may delegate to nonaudit IT specialists the responsibility of determining whether personal information has been secured adequately and data protection controls are sufficient.

The internal audit activity should have appropriate knowledge and competence to conduct an asses .......framework.