Internal Auditor

A An action completed before its due date B A control that has never had a finding C An agreed corrective action that has passed its target date and remains incomplete D A routine journal entry

A A sample selected twice by chance B A new audit objective C A similar issue identified again after it was previously reported or expected to be addressed D A finding that has been fully resolved and independently verified

A They automatically prove fraud B They are never relevant to risk C They may indicate ineffective remediation, weak accountability, or persistent root causes D They always show that controls are effective

A Management evaluates and agrees, modifies, or formally responds to proposed actions B The auditor implements every action personally C The process deletes all disagreements D The external supplier approves all findings

A Remove the risk from the register B Automatically accept it on management's behalf C Escalate the matter to the appropriate senior management or governing body D Close the audit issue without disclosure

A An audit procedure that eliminates risk B A guarantee that the risk cannot occur C An informed decision by an authorized party to retain a risk D A way to transfer every risk to internal audit

A Ignoring a risk permanently B Accepting every risk without review C Recording a risk without response D Taking action to reduce the likelihood or impact of a risk

A Eliminating all possible risk B Arranging for another party to bear or share some financial or operational consequences of a risk C Recording revenue in advance D Closing an audit finding without testing

A Accepting risk without review B Transferring all risk to a supplier automatically C Choosing not to start or continue an activity that creates an unacceptable risk D Reducing risk through additional controls only

A Assessing risk before any controls exist only B Calculating the annual tax payment C Measuring audit staff attendance D Assessing the risk remaining after existing controls or responses are considered