PDF IIA-CIA-Part1 Study Guide

Ethical compliance provides the basis for stakeholder confidence in the competence of the internal audit activity and of professional internal auditors.

Ethical compliance is necessary for internal auditors and the internal audit activity to accept responsibility for providing g absolute assurance about the organization's risk management.

Ethical compliance provides the basis for stakeholder trust and confidence in the validity of the profession of internal auditing and the internal audit activity's findings.

The internal audit activity's ethical compliance sets the tone for the ethical compliance by the organization's board, management, and employees.

After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.

After conducting an audit based upon a predefined scope and objective, the internal auditor guaranteed management that the system of internal controls in an audited area operates effectively.

As head of the internal audit activity, the chief audit executive reported functionally to the organization's board and administratively to senior management.

As head of the internal audit activity, the chief audit executive ensures that engagement supervisors conduct post-engagement staff meetings.

An employee discovered that there is no personal protective equipment at a temporary construction site

An employee saw that a group of other employees were smoking in close proximity to petrol distribution tanks

A supervisor insists that an employee complete time sheets regularly

An employee received concert tickets from a vendor and asked whether she could keep them

The internal audit activity uses key performance indicators for all staff members after all audit engagements.

The internal auditors provide assurance to third parties indicating that their work was properly supervised.

The internal auditors demonstrate they have an understanding of engagement objectives and scope.

The internal auditors are heavily involved in training and development to enhance their skills.