Internal Auditor

A To improve an organization's operations through independent, objective assurance and advice B To replace the external auditor C To prepare the organization's financial statements D To guarantee that no fraud occurs

A The World Trade Organization B The Institute of Internal Auditors (IIA) C The International Monetary Fund D The International Accounting Standards Board

A To approve every purchase invoice B To set the organization's tax rates C To list all journal entries D To define internal audit's purpose, authority, responsibility, and position

A The accounts payable clerk B The payroll officer C The external supplier D The board or an appropriate governing body

A It can ignore the organization's policies B It must report only to the department being audited C It is positioned to perform its responsibilities without interference D It has authority to manage the departments it audits

A A requirement to agree with management B A rule that auditors cannot make recommendations C An impartial mindset that supports unbiased professional judgments D A requirement to audit only financial transactions

A Avoiding all professional judgment B Accepting management explanations without verification C A questioning mindset and critical assessment of evidence D Assuming every employee is dishonest

A A specific audit assignment with defined objectives and scope B A supplier's purchase order C A tax payment transaction D The annual financial statement publication

A A list of employee holidays B A bank's loan schedule C A document listing procedures to achieve the engagement objectives D The organization's marketing plan

A Understand the activity, assess risks, and define objectives and scope B Destroy prior audit records C Issue a final report immediately D Approve the department's budget