Online IIA-CIA-Part1 Questions Video

The most appropriate action for the chief audit executive to take when updating the internal audit charter is to perform a review of IIA guidance to become acquainted with the latest mandatory elements prior to updating the charter. This ensures that the charter will be updated according to the most current standards and practices required by the IIA. Staying updated with the latest guidance helps in maintaining compliance with professional standards and aligning the internal audit function ' s objectives and scope with organizational needs and regulatory expectations.

IIA ' s International Standards for the Professional Practice of Internal Auditing and guidance on internal audit charters.

The IIA Code of Ethics states that integrity is fundamental and describes behaviors such as honesty and responsibility. In this scenario, being completely honest with operational management about unfavorable audit results exemplifies the principle of integrity.

The Institute of Internal Auditors (IIA) " Code of Ethics " , which details the principles and expectations for the professional practice of internal auditing, including integrity as a key principle.

The control that best addresses the risk that supervisors might conceal accidents to receive bonuses is the investigation of all reported violations. This control ensures that incidents are independently verified and assessed, reducing the possibility for supervisors to manipulate or hide safety data to qualify for bonuses. References: Best practices in fraud and misconduct control, which often emphasize the importance of independent investigations to verify compliance and enforce accountability.

The chief audit executive (CAE) taking on a consultative role can appropriately coordinate and facilitate risk workshops for management. This task aligns with the advisory function of internal audit, where they support and facilitate the risk management process without directly setting the risk appetite or determining risk mitigation strategies, thereby maintaining their advisory and facilitative role without assuming management responsibilities.

International Standards for the Professional Practice of Internal Auditing; guidance on internal audit ' s role in consulting.